This paper is published in Volume-6, Issue-5, 2020
Area
Business And Management
Author
Raghavendra Rao Shinde
Co-authors
B. Nagaraju
Org/Univ
University of Mysore, Mysore, Karnataka, India
Pub. Date
05 October, 2020
Paper ID
V6I5-1151
Publisher
Keywords
Cryptocurrencies Investors Black Chain Bitcoin

Citationsacebook

IEEE
Raghavendra Rao Shinde, B. Nagaraju. Analyze the existing block chain technology and recent developments of cryptocurrencies, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Raghavendra Rao Shinde, B. Nagaraju (2020). Analyze the existing block chain technology and recent developments of cryptocurrencies. International Journal of Advance Research, Ideas and Innovations in Technology, 6(5) www.IJARIIT.com.

MLA
Raghavendra Rao Shinde, B. Nagaraju. "Analyze the existing block chain technology and recent developments of cryptocurrencies." International Journal of Advance Research, Ideas and Innovations in Technology 6.5 (2020). www.IJARIIT.com.

Abstract

The findings of our research are Cryptocurrencies are intangible, investors think that does not diminish the value of it. Most people would opt to invest in Cryptocurrencies to evade tax. Investors are expecting peer-to-peer transactions as it is easy to pay or transfer. Most of the investors think that Bitcoin is a Security and not a commodity. Investors say that investment in Cryptocurrencies shall affect traditional investments like equity and debt. Investors think that RBI should regulate Cryptocurrencies through stock exchanges. If Cryptocurrencies are legalized then there would be a revolution in the Indian market. Cryptocurrencies. Though people are ready to invest on Cryptocurrencies, they do not have complete knowledge about Block chain Technology. Most of the investors are aware of Cryptocurrencies, but they have not traded or mined Cryptocurrencies. Investors are expecting to hedge their risk on Bitcoin through futures contracts. People do not think Cryptocurrencies can be used as a payment method at retailer stores. Cryptocurrencies are non-government and investors like to trade, so the government should legalize cryptocurrencies. Cryptocurrencies should not be made as a tangible asset, else it would lose its existence and demand. Cryptocurrencies are liked more by investors when they are found by Indian companies, so Indian Cryptocurrencies should be traded. Cryptocurrencies should enable retail transactions for better use. Transactions in Cryptocurrencies are still considered unsafe as the prices are high volatility. The government of India has not officially authorized the use of Bitcoin despite its significant demand by the people. Indian investors are keen to invest in IndianCryptocurrencies. Though people are ready to invest in Cryptocurrencies, they do not have complete knowledge about Block chain technology. Most of the investors are aware of Cryptocurrencies, but they have not traded or mined Cryptocurrencies. Investors are expecting to hedge their risk on Bitcoin through futures contracts. People do not think Cryptocurrencies can be used as payment method at retailerstores.
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