Hyderabad sources have stated that to make quick money, Telugu techies in the US are actively engaged in trading crypto currencies. Most of them are investing in them and it has become an addiction wherein people log on to the coin app as much as they do on Instagram and Facebook.
Meanwhile some techies are testing the water by pumping in $1,000 as an initial bid. Mr. Ratnakar Reddy from Florida, said, “He purchased a Bitcoin when it was around $15 and invested around $1,000. The value went up to $19,980 at its peak, but currently it is between $13,000 and $15,000 and so he is planning to withdraw it soon”.
Accordingly many
Telugu students and many people with average salary are taking the crypto
currency trading seriously. Further experts advised that students should not
dream of clearing their loans by investing in Bitcoins as there is a huge risk. Moreover
Telugu people in the US are just forming groups to understand the intricacies.
Meanwhile, experts from the US are closely looking at the new addiction and
have are cautioned people about the risk of volatility of the market.
