Investor Are Betting On Fluctations

A businessman from Africa exporting ceramic tiles has lost 40 lakhs in the last two weeks. Let us tell you that there is nothing to do with any change in the GST or export policy implemented in July. This businessman with very little knowledge of blockchain technology or cryptocurrency has suffered a loss in Bitcoin trading. Global investors have suffered losses due to the sharp decline in the cost In the last two months, Bitcoin has lost 70% of its cost. Bitcoin came to $ 6,000 on Tuesday from a peak of $ 20,000. Given the ups and downs in cryptocurrency, many traders, have been betting on this in Gujarat, Maharashtra and Bengal, from the streets of Central Surat to some of the old flats of North West Mumbai, the deposit boxes are trading on daily fluctuations in traders bitcoins.
. Dabba trading is the unregulated and informal market platform for which BSE / NSE or MCX is benchmarked.

Traders could not tell the exact size of the dabba trading, but they definitely said that it is at least 20% of the official volume of the Indian exchanges. The tax official, who is scrutinizing the top 10 exchanges, said that the total revenues of all of these are about Rs 40,000 crore.

A trader said, "Like the normal trading of futures and options, Bitcoins can also be bets for speed or recession. Margin settlement occurs every evening at 8 pm and in some cases 24 hours of extra time is given. All Indian Participants are in Trade Cache. Operators said that they have opened a trading account in UK or Dubai, where true trade of crypto taxis in India according to the bets involved. A trader from Rajkot said, "The trading account is linked to an open bank account in UK or Dubai."

All traders execute trade bonds which act as bridge between Indian investors and foreign stock trading broking firm. Surat Dabba Trader said, 'With the margin money of one lakh rupees to the Indian user, the operator can bet four lakh on Bitcoins or any other crypto taxation. After getting cash payment and bets, it is ordered either bye or cell in Dubai or UK. ' When more than 30% of the margin money is lost, a cell order is triggered on the exchange of Dubai or the UK.