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 have them 1 by 1 arranged not within an orderly fashion.
Better compared to infamous Hawala Deals
Imagine you had been selling a house for a big sum and investing part of it’s in buying another property. Legally speaking, if you invest the total amount earned you spend zero tax, but imagine if the new property cost only half the maximum amount of? Neither can you put it in
A bank (as all transactions are questionable)
Nor hide in the home (as a theft is always a possibility),
Nor bring it along when traveling (if an authority searches for some reason, you won’t manage to explain and it will soon be forfeited).
Obviously, you try sending that amount elsewhere utilising the infamous method titled above, what else could you do? At the absolute most, you can distribute the surplus amongst your members of the family, close relatives, and friends, but again, the chance of these not returning is grave.
An Exemplary Investment Tool just 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 particular option and people who can enjoy with safe margins usually benefit.
Cryptocurrency, like, Bitcoin is divisible to the eighth decimal point. That means the littlest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can buy any dollar amount of Bitcoin you want. In ways, it is simple to but in bits and parts as and when you have an opportunity of putting away some of your 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’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 implies 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 many vague reason, your account is wear 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 main one having control of your cash, which will be absurd, to express the least.
On the contrary, with Cryptocurrency, account holders own all the coins they have purchased, it’s much like having money in your hands. Those coins may fluctuate in value, which will be normal, but at the very least they’re owned by the people who possess them.
Cryptocurrency could be the strategy to use, particularly when security and stability are at stake. The simple investment and safe international transactions are some of the noted benefits. We ought to hope that most governments give it a go ahead and make lives of its citizens a shade easier!