New Delhi
Tuesday, July 2, 2019
TIME: 10:02 am IST
DAILY CRYPTO CURRENCY REPORT
Today, I am not giving the
technical levels (U can use technical levels of 1st July). News flow
will be the key. Gold bugs want crypto currencies to crash and move into
inertia. No doubt I am also a gold bull BUT I also make sure that our clients
invest in crypto currencies in nations where it is possible. Resident Indians
will go to jail if they are caught trading in crypto currencies or caught
mining bitcoins.
Bitcoins, libra and other
crypto currencies are here to stay. I expect more and more mergers and
acquisitions (M&A) activity among crypto currency companies so that they
are able to survive the future competition from facebook’s Libra/digital currency.
Some of the crypto currencies will fade.
Before you trade and invest
in crypto curerncies, please understand the technology behind it and also have
little understanding of price discovery. Do not just go by the momentum and
hype or word of mouth and starting trading to make a quick buck.
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)
You can
also mail your queries at insigniacommodity@gmail.comChat Id: telegram/whatsapp 9311139549
(10:30 am to 5:30 pm Indian time, Monday to Friday)
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