Is Bitcoin a New Gold?

Bitcoin is a digital asset which is currently trading at the price $3847, that is by all means much more high price than gold in the market.

Gold has been traditionally used an asset in India and all over the world has known for its purity and price after the precious stones. Though a few years back the investors were happy to invest in Gold rather than any other commodity. As gold been a safe haven for the investors. Whether the gold is high or low.

Since the cryptocurrency launched in India the Best Bitcoin Rate have become the attraction for the investors and traders in the industry. The rapid price growth in the bitcoin price has shocked the market with joy and enthusiasm in investors making the bitcoin as the best investment vehicle.

With the launch of cryptocurrency in India came the Top Bitcoin Exchange in India such as Bitxoxo, Unoc coin, Coinsecure and zebpay.

The Bitcoin Exchange in India is the easiest online portal to Buy Bitcoin in India and trade. People are looking for the great investment through these websites. As now every common person including young professionals look for cryptocurrencies for the investment in favour of getting high returns in short time.

The profit gained in short time is not available with the gold and its prices are a way to low than bitcoin or any other growing cryptocurrency.

The trading buys and Sell Bitcoin in India is safe and transparent as it runs on blockchain technology which keeps a record of every block (bitcoin) send or received.

Cryptocurrency Market Status in India: After China Shutdown Bitcoin Exchange

Several reports have been coming from China within few week of the ban to ICO's and bitcoin exchange shut down. The massive fall in bitcoin price has been seen in last week. The Top Bitcoin Exchange in India was also looking on the matter when the sudden fall occurred to the cryptocurrency.

Many traders, investors, and analysts gave the quick response and got panic with the situation held with Bitcoin Exchanges in the country. The people started to Sell Bitcoin in India but some remained calm and waited for the right situation to act.

This is the time when the price of bitcoin falls down massively from $3,900 to $2, 980. This was the golden time to Buy Bitcoin in India. After a week the news of the ban on cryptocurrencies was hardly affecting the price of bitcoin as on August 18, Monday the bitcoin started surging again reaching to the Best Bitcoin Rate in the cryptocurrency industry.

The price of bitcoin passed $4,000, despite the shutdown of top Bitcoin exchange such as OKCoin, BTCC and etc in China by 30th September.

Now when the thing is coming back to normal, the price of bitcoin including all other cryptocurrencies also regain the strength in their value and top the market capitalization by an increase of $137 altogether.