DAILY CRYPTO CURRENCY TECHNICAL LEVELS
Today I am not giving the
daily technical levels. I am reading all over the internet that the “facebook
digital coin” will result in wider adoption of crypto currencies and its
related technology all over the globe. I am more fascinated by the technology
and its impact on our daily lives and making investing decisions than trading
or investing. The world is moving from a paper money to emoney and now digital
money and digital gold and digital metals and digital investment. “Digital” is
the key word to remember.
Our daily lives will be
“Digital”. But do not get obsessed with “Digital” in your daily lives. We are
all obsessed with mobiles and internet. A lot of health issues and personal
life issues are arising due to our obsession with mobiles and internet. Winners
will be the ones are use “Digital” to make money and remain happy in personal
life. In the long term we all will suffer if let “Digital” dictate our lives.
I would love to trade and
invest in bitcoin and other crypt currencies. But I prefer to follow the law of
the land. Since India has banned trading in cryto currencies I do not trade.
“Facebook digital coin”
offering will change the way we invest and spend and save. The adoption will be
massive. I am not sure if nations are in a position to check its misuse on tax
evasion and use by global terror network.
Insignia Consultants and its team have not invested OR traded
in crypto currencies as it is illegal to trade in India.
Before Investing or trading in crypto currencies: Crypto currencies are unregulated investment or unregulated
trading instruments. Risks are the highest among all investment class.
Disclaimer: Any opinions
as to the commentary, market information, and future direction of prices of
specific currencies, metals, crypto currencies and commodities reflect the
views of the individual analyst, In no event shall Insignia Consultants or its
employees have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in
this article is, or should be construed as, investment advice. Prepared by
Chintan Karnani
Further disclaimer (read very carefully)
Trading of Bitcoins is illegal in my country India. The above report is
not meant for resident Indians and Indian corporates. It is meant for traders
or corporates in nations where bitcoin and other crypto currencies have got
legal validity. Insignia Consultants and it employees are not responsible for
illegal trading of crpto currencies and/or nations where crypto currencies do
not have legal validity. Insignia Consultants does not advise on any investment
strategy which is illegal nor does not it recommend people to trade in anything
which is illegal to a nation. The above views are just technical views.
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN US DOLLARS UNLESS OTHERWISE
SPECIFIED
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
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