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.
この記事は India Today の December 25, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は India Today の December 25, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Falling Back On Ram
It’s not new from the Aam Aadmi Party (AAP), led by ‘Ram bhakt’ Arvind Kejriwal, but worth noting because god is in the details. It was Ram Navami on April 17.
Congress 'EQ' Vs BJP ‘IQ'
Team Modi Is Riding On Its Assembly Poll Momentum, But The Congress's Clever Candidate Mix May Prevent A Washout
The Macallan M 2023 debuts in India
Standing as a pinnacle of exclusivity, The Macallan M 2023 graces the shores of India with limited 10 handpicked bottles for whisky aficionados
Give it up for the science bros
They've got brains, brawn and billions in the bank. A new breed of wellness guru is doing for men what Gwyneth Paltrow did for women.
LIVING BY THE RULES
Chetan Bhagat returns to non-fiction with his new book-11 Rules for Life
The Mysterious City
Anuradha Kumar's The Kidnapping of Mark Twain paints an intriguing portrait of Bombay around the time of the American writer's visit
GOWDA KNOWS
Hot Stage, the third book in Anita Nair's Inspector Gowda mystery series, is here
WITH OUR OWN DESI SLEUTHS
Indian detective fiction gets its due in this massive, two-volume compilation from Hachette
PRIVATE PARADISE
Your home may well be your haven, but here are easy ways to make it your very own spa-dom.
Subversive IN SUBURBIA
A MONTH-LONG SHOW AT ART AND CHARLIE, MUMBAI, SHOWCASING THE WORKS OF POONAM JAIN AND YOGESH BARVE POSES SEVERAL QUESTIONS TO THE VIEWER