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.
You will find other umpteen benefits not highlighted anywhere either in newspapers or the internet. Many of them gain importance due to cryptocurrency local problems not discussed in public places (though governments take action clandestinely, denying its citizens to gain in similar ways). We will have them one by one arranged not in a orderly fashion.
Better compared to infamous Hawala Deals
Imagine you were selling a house for a large sum and investing part of it’s in buying another property. Legally speaking, in the event that you invest the entire amount earned you spend zero tax, but imagine if the brand new property cost only half just as much? Neither can you add 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 reasons uknown, you won’t have the ability to explain and it will undoubtedly be forfeited).
Obviously, you try sending that amount elsewhere using the infamous method titled above, what else can you do? At the most, you are able to distribute the surplus amongst your family members, close relatives, and friends, but again, the danger of them not returning is grave.
An Exemplary Investment Tool such as a SIP- Systematic Investment Plan
Speculation is really a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one option and those who can enjoy 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 can buy any dollar quantity of Bitcoin you want. In ways, it is possible to in bits and parts as and if you have the opportunity of putting away some of your 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 truly 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 any one 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 some vague reason, your account is wear hold. This could take days of excruciating verbal volleys in emails and heated telephonic conversations with no guarantee of a fast solution. Basically, it seems that PayPal is the one having control of your hard earned money, which can be absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it’s much like having profit your hands. Those coins may fluctuate in value, which can be normal, but at least they are owned by the people who possess them.
Cryptocurrency is the way to go, especially when security and stability are in stake. The easy investment and safe international transactions are some of the noted benefits. We should hope that governments give it a go ahead and make lives of its citizens a shade easier!