Remember demonetization woes, where wives (mostly) lost wads of notes stashed away secretly from prying eyes? Well, had they known the benefits of Cryptocurrency trading, immaterial of when and who changed a policy their booty would always stay safe.
There are other umpteen benefits not highlighted anywhere either in newspapers or the internet. A number of them gain importance due to cryptocurrency local problems not discussed in public areas (though governments take action clandestinely, denying its citizens to get in similar ways). We will see them one by one arranged not in an orderly fashion.
Better compared to the infamous Hawala Deals
Imagine you’re selling a home for a large sum and investing section of it’s in buying another property. Legally speaking, in the event that you invest the entire amount earned you spend zero tax, but what if the brand new property cost only half the maximum amount of? Neither can you put it in
A bank (as all transactions are questionable)
Nor hide at home (as a theft is definitely a possibility),
Nor take it along when traveling (if an authority searches for reasons uknown, you won’t manage to explain and it will soon be forfeited).
Obviously, you try sending that amount elsewhere using the infamous method titled above, what else is it possible to do? At the absolute most, you are able to distribute the surplus amongst your family members, close relatives, and friends, but again, the risk of them not returning is grave.
An Exemplary Investment Tool like 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 who can play with safe margins usually benefit.
Cryptocurrency, for instance, Bitcoin is divisible to the eighth decimal point. That means the littlest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You should buy any dollar level of Bitcoin you want. In a way, it is simple to but in bits and parts as and when you have the 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’re safe from any organization’s poor show
Cryptocurrency like Bitcoin is managed by its network, and not anybody central authority. In simple terms, this means even the current 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 a few vague reason, your account is put on hold. This may take days of excruciating verbal volleys in emails and heated telephonic conversations without any guarantee of an instant solution. Basically, it appears that PayPal is the main one having control of your money, that will be absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it’s just like having profit your hands. Those coins may fluctuate in value, that will be normal, but at the very least they are owned by the people who possess them.
Cryptocurrency could be the approach to take, particularly when security and stability are in stake. The ease of investment and safe international transactions are a number of the noted benefits. We must hope that all governments give it a proceed and make lives of its citizens a shade easier!