Remember demonetization woes, where wives (mostly) lost wads of notes stashed away secretly from prying eyes? Well, had they known the advantages of Cryptocurrency trading, immaterial of when and who changed a policy their booty would always stay safe.
You can find other umpteen benefits not highlighted anywhere either in newspapers or the internet. Some of them gain importance as a result of cryptocurrency local problems not discussed in public (though governments take action clandestinely, denying its citizens to achieve in similar ways). We will see them 1 by 1 arranged not in an orderly fashion.
Better compared to infamous Hawala Deals
Imagine you had been selling a home for a large sum and investing element of it’s in buying another property. Legally speaking, if you invest the entire amount earned you spend zero tax, but imagine if the new property cost only half as much? Neither can you add it in
A bank (as all transactions are questionable)
Nor hide at home (as a theft is obviously a possibility),
Nor take it along when traveling (if an authority searches for reasons uknown, you won’t manage to explain and it will be forfeited).
Obviously, you try sending that amount elsewhere using the infamous method titled above, what else can you do? At the most, you can distribute the surplus amongst your family unit members, close relatives, and friends, but again, the danger of them not returning is grave.
An Exemplary Investment Tool like a SIP- Systematic Investment Plan
Speculation is just a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one particular option and those that can play with safe margins usually benefit.
Cryptocurrency, like, Bitcoin is divisible to the eighth decimal point. Which means the littlest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You should buy any dollar amount of Bitcoin you want. In ways, it is possible to however in bits and parts as and when you have an opportunity of putting away some of one’s hard-earned cash.
Agreed that like stock markets, even the Cryptocurrency value can fluctuate tremendously, but if you play safe then its be good to have a go at it.
Decentralized means you are safe from any organization’s poor show
Cryptocurrency like Bitcoin is managed by its network, and not any one central authority. In simple terms, this means even the presence of the erstwhile crook Harshad Mehta, who destroyed the Indian Bourses, cannot put your investment in jeopardy. Your cash is in safe hands, always.
Safe International Transactions
Imagine using PayPal for purchases in foreign countries and for many vague reason, your account is placed on hold. This could take days of excruciating verbal volleys in emails and heated telephonic conversations without any guarantee of a fast solution. Basically, it appears that PayPal is the one having control of your cash, that will be absurd, to express the least.
On the contrary, with Cryptocurrency, account holders own all the coins that they have purchased, it’s much like having profit your hands. Those coins may fluctuate in value, that will be normal, but at the least they’re owned by the folks who possess them.
Cryptocurrency may be the approach to take, particularly when security and stability have reached stake. The ease of investment and safe international transactions are a number of the noted benefits. We should hope that all governments give it a go ahead and make lives of its citizens a shade easier!