Recap of Live AMA Session held on September 22nd
Here’s a little recap of our Live Session on “Investing for Passive Income” held on September 22nd. The webinar was hosted by Nitin Agarwal, Founder of B21 Invest.
AMA Session:
Q — While investing in Crypto, what is your strategy? Can you share some of your experiences?
A — I am a believer in Crypto and I believe that it is the next asset class. So, while I have kept some of my money in safety instruments but the rest of the money I do invest it in Crypto keeping it for the long-term. I look at the price and buy the coins if there’s an opportunity but I don’t’ buy and sell it frequently meaning I do not trade.
Q — How to invest in Crypto?
A — It is very easy to invest in Crypto. There are many platforms available including B21 where you can go and invest easily. It’s better to start investing small.
Q — Harshit: Is it good to hold crypto for long as in more than 2 years?
A — That’s how I would do it. In a shorter period of time, the prices always go up and down but if you look for a longer horizon, it is going be the winner.
Q — Golden Janek: Old Solid Coins or New Coins, your suggestions?
A — It would be best to do your own research by looking at the project, the team, know your strategy, and then invest. Coming to me, I look at the older ones, I hold them for a longer period of time, and because I like to support the ecosystem so I do try to play on shorter ones as well.
Q — Bharat Ogirala: Based on your experience, where do you foresee Bitcoin going in the next 2 years?
A — I think in 2 years, we’ll see more and more businesses and individuals using Crypto as an asset class, it will be also be used as a transactional currency.
Q — Shivangi Khanna: Staking how does it work on B21?
A — On B21, staking is coming very soon. We are building to help you stake the entire portfolio in one go, it is going to come in a few weeks and we hope to do a Live Demo session when that happens.
Q — Janek: Are investment platforms safe to keep crypto?
A — There are many platforms for that, it’s better to do your own research and then keep your assets in the place where you trust.
Q — With B21, can I diversify my portfolio? Some in Stocks, some in MF, some in crypto?
A — That is exactly where we are going. Today on B21, you can do it in crypto only that too in different types of Crypto, it does take time to build that but we are for the investors’ community and we’re building a place where you can in the future invest in Crypto, Mutual Funds, stocks and more.
Q — Manoj: How are Crypto and DeFi expected to transform business in the future?
A — It is bringing more competition in the financial space. Banks are becoming creative, regulators are becoming creative and it is going to be easy to invest slowly and steadily.
Q — Which is better, SIP or Mutual Fund?
A — The basics of investing says that you one can never time the market, so you should always invest in a diversified portfolio and invest regularly.
Q — Parth: SIP on B21?
A — Yes, it is a work in progress. Stay Tuned!
Q — Sagar Sarda: Are you planning to bring Mutual Funds as well on the B21 app? Can we get one platform that will let us invest across all asset classes available to invest on earth?
A — That is exactly what our mission is. We are building step by step, we have cryptos right now, we’re working on Mutual Fund, global share, and various other asset classes. So, we are looking to build a place that will enable you to invest in several assets.
Q — Boris: Why staking interest is higher on Stable coins like USDT?
A — The reason behind this is the people are borrowing more USDT right now because I think in a stable coin world, USDT is the most paired and has a larger trading volume even more than the Bitcoin.
Q — Anuj Singh: Will B21 be simplifying investing in DeFi?
A — Yes, we are working on bringing the DeFi projects very soon.
Q — Anuj Singh: When B21 is coming live on exchanges?
A — Very Soon, but at present, we are focusing more on the product and bringing more users to the platform.
Q — Aman Gangawani: How can crypto be converted to common monetary incomes?
A — It is very simple. You can invest in crypto, and earn staking rewards on certain platforms. You can see it on the B21 app, and it is easy to convert your crypto to fiat on the platform.
We look forward to conducting more such live sessions and will keep updating about it on all our Social Channels, so don’t forget to follow us!
Stay Safe. Invest Regularly.
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