Not For The Faint Of Heart
Cryptocurrency Bitcoin has created the biggest bubble since the internet. There are 16.7 million bitcoins now in existence, valued at over $267 billion at their price at the time of writing ($16,000 apiece). For perspective, the total value of rupees in circulation, as on December 1, was about $252 billion (assuming Rs 65 = $1). In January 2017, bitcoins were trading below $1,000 and it crossed $20,000 in early December. The 2,000 per cent appreciation has attracted huge trading volumes, and there are now many Indians in the game and many exchanges that allow rupee trades of bitcoins.
The bitcoin is massively price-volatile—20 per cent swings are common in a single session. By comparison, gold has moved about 8 per cent this whole year. The volatility makes it a scary store of value and wildly variable unit of exchange. Today, you can buy a car with one bitcoin, next week it may be two cars or, perhaps, only a two-wheeler. So, if you are trading bitcoin, you’ll be ill-advised to risk your entire net worth on it. Play small.
Diese Geschichte stammt aus der December 25, 2017-Ausgabe von India Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 25, 2017-Ausgabe von India Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
ARTS AND THE MAN
In his centenary year, F.N. Souza: The Archetypal Artist tries to make sense of the recurring themes in the artist’s work
The Reluctant Art Critic
Advertising executive, art critic and possible catalyst of the modern Indian art movement, Rudolf von Leyden was an intriguing figure in pre-Independence Bombay
PORTRAIT OF AN ARTIST & POET
ANINDYO ROY’S THE VICEROY’S ARTIST IS A FICTIONALISED ACCOUNT OF EDWARD LEAR’S TRAVELS IN INDIA
Lady of the Light
This artist has transformed the humble bulb into a thing of beauty
S'more to Think Of
Called Marshmallow, this penthouse in Gurgaon with soft curves and plush aesthetics stays true to its name
A Marvelous Melange
From stylish living quarters to multipurpose adaptive space, this home in Mumbai turns every nook into a showstopper
TECH MEETS TEXTURE
Smart fabrics and intelligent textiles are changing the way we view home furnishings
Refresh and Revive
That old table, those cabinets or even the console can be given a new lease of life, one that is tailor-made to the latest trends
Standout Spaces
Want dramatic interiors but don’t know how? This home in Mumbai becomes a lesson in learning the nuances of adding magic inside.
Vernacular Wise
Forget international brands and design, the beauty and simplicity of local materials and ancient techniques is gaining momentum
