CRYPTOCURRENCY: This method of investment is very beneficial for new investors, even an investment of Rs 50 per day can make a millionaire.
Cryptocurrency: This way of investment is very beneficial for new investors, even an investment of Rs 50 per day can make a millionaire.
SIP is a good option of crypto investment for the new investor. This reduces the risk.
The craze of cryptocurrency is increasing. Many people are willing to invest in it. But, they are afraid of the rapid ups and downs in it. Market experts say that SIP is a good option for crypto investment for the new investor.
New Delhi. How to invest in crypto: Systematic Investment Plan (SIP) is the best way to invest in Cryptocurrency for the first time investors. It is better to invest slowly in crypto than lump sum investment. Risk can be reduced with SIP. There is a lot of volatility in cryptocurrencies, so the possibility of loss is also high here.
Even a small investment in crypto can make you a millionaire. This has happened too. For example, the investor who invested 50 rupees daily in Dogecoin five years ago has become a millionaire today. That's why you also have your mind to invest in cryptocurrency, but if you are nervous about the fluctuations in it, then you should enter the world of crypto through SIP.
This is the advantage of SIP (Benefits of SIP)
According to a report by Financial Express Online, Dr. Vinay Asthana, Associate Professor at Alliance School of Business, says that the biggest advantage of SIP is that there is no problem of timing in the market. Crypto has many times more volatility than traditional asset classes. This is a strong argument for supporting SIP for investing in Crypto Assets.
Archit Gupta, Founder and CEO of Clear also believes that SIP is the best way to invest in cryptocurrency. Many platforms allow you to start a SIP in cryptocurrencies with just Rs 50-500 per installment. Also, many investors opt for daily SIPs instead of weekly or monthly installment options, as the price of cryptocurrencies can fluctuate heavily within a period of one month.
Plenty of returns even with an investment of Rs 50.
If a crypto investor has started a daily SIP of Rs 50 in Dogecoin 5 years ago from today, then his total investment so far will be Rs 91,300. So far this investment has become a total of Rs 1 crore 3 lakh 15 thousand 921. In this way, investors have got a return of about 11,198 percent. At present, the price of Dogecoin is Rs 13.1.
The Dogecoin cryptocurrency has also made a profit for those doing weekly systematic investment plans (SIPs). If someone had started a weekly SIP of Rs 350 5 years ago from today, then his total investment as on date would have been Rs 91,000. At the same time, the investor (Crypto Investor) would have got a return of 11,193 percent. In today's time, the price of Dodgecoin cryptocurrency is Rs 13.1, according to which the value of the investor's investment would have been more than Rs 1 crore.
