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 will find other umpteen benefits not highlighted anywhere either in newspapers or the internet. Many of them gain importance as a result of cryptocurrency local problems not discussed in public areas (though governments do it clandestinely, denying its citizens to achieve in similar ways). We will see them 1 by 1 arranged not in an orderly fashion.
Better than the infamous Hawala Deals
Imagine you had been selling a house for a big sum and investing element of it is in buying another property. Legally speaking, if you invest the full amount earned you pay zero tax, but imagine if the brand new property cost only half as much? Neither can you add it in
A bank (as all transactions are questionable)
Nor hide in the home (as a theft is obviously a possibility),
Nor take it along when traveling (if an authority searches for whatever reason, you won’t manage to explain and it will undoubtedly be forfeited).
Obviously, you try sending that amount elsewhere utilizing the infamous method titled above, what else can you do? At the absolute most, you are able to distribute the surplus amongst your nearest and dearest, close relatives, and friends, but again, the chance of these not returning is grave.
An Exemplary Investment Tool such as a SIP- Systematic Investment Plan
Speculation is a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one such option and those that can play with safe margins usually benefit.
Cryptocurrency, for instance, Bitcoin is divisible to the eighth decimal point. That means the tiniest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You should buy any dollar quantity of Bitcoin you want. In ways, it is possible to but in bits and parts as and if 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 when 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 anybody central authority. In simple terms, what this means is even the current presence of the erstwhile crook Harshad Mehta, who destroyed the Indian Bourses, cannot put your investment in jeopardy. Your hard earned money is in safe hands, always.
Safe International Transactions
Imagine using PayPal for purchases in foreign countries and for some vague reason, your account is put on hold. This might take days of excruciating verbal volleys in emails and heated telephonic conversations without guarantee of a quick solution. Basically, it appears that PayPal is the one having control of your money, that will be absurd, to say the least.
On the contrary, with Cryptocurrency, account holders own all the coins that they have purchased, it is similar to having money in your hands. Those coins may fluctuate in value, that will be normal, but at least they’re owned by the folks who possess them.
Cryptocurrency could be the way to go, especially when security and stability are at stake. The simple investment and safe international transactions are some of the noted benefits. We should hope that all governments give it a proceed and make lives of its citizens a shade easier!