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As crypto slips, young investors resist urge to press panic button
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business-standard.comEarlier this month, 19-year-old Sumit Dewan (name changed) borrowed Rs 2,000 from his elder sister to “stack” on his initial investment in various virtual currencies. Within two hours, he had earned Rs 100 on it. In the five months that Dewan has been investing in cryptocurrencies, he has seen a good 12.5 per cent profit on his investments. The money usually comes from his monthly allowance.
With reports of the government venturing to prohibit private cryptocurrencies in the country through a Bill in the upcoming winter session of Parliament, Ghaziabad-based Dewan is holding out on selling off his investments. “The Bill is not out yet and I don’t want to panic without knowing anything for sure. I know this market is volatile and was
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