Blockchain has disrupted the status quo, cross border transactions happen in the blink of an eye: Sumit Ghosh, Co-founder & CEO, Chingari

economictimes.indiatimes.com:

1. What are the multiple aspects of crypto strategy that investors must know to start investing?The Cardinal rule of investing, let alone investing in crypto is DYOR i.e Do Your Own Research. As we see, off lately thousands of crypto projects have come up so there has been a FOMO amongst the investors, especially the new investors to invest in these projects. Amidst the noises across social media platforms, a new investor must research the projects, their objectives, future plans etc. This information is available in the Whitepaper, well only if the projects are genuine. Moreover, there is no one fit for all strategies. Investors have been using multiple strategies to maximize their returns. One such strategy is dollar-cost averaging where an investor buys a fixed amount of crypto in the span of every week, month or quarter which creates a hedge against volatility. Further, ‘buying the dip’ and ‘buy and Hodl’ are a few other strategies that one should know before investing.

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2. With the current taxation on cryptos, do you think traders from tier II and tier III towns will invest in them?The effects of the current regulatory framework would not be limited to the traders from tier II and tier III cities. Traders from tier I cities would come under the ambit alike. Once the government comes up with clear legislation, things would be much clearer. 3. Amid volatility, can cryptos be considered an emerging asset class?Volatility should not be the only parameter in classifying the Cryptos. Meanwhile, if you look at the current market cap of Bitcoin which is at somewhere