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 can find other umpteen benefits not highlighted anywhere either in newspapers or the internet. Some of them gain importance due to cryptocurrency local problems not discussed in public areas (though governments do it clandestinely, denying its citizens to gain in similar ways). We will have them 1 by 1 arranged not within an orderly fashion.
Better compared to the infamous Hawala Deals
Imagine you were selling a house for a large sum and investing part of it is in buying another property. Legally speaking, in the event that you invest the entire amount earned you spend zero tax, but what if the newest 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 definitely a possibility),
Nor bring it along when traveling (if an authority searches for whatever reason, you won’t be able to explain and it is likely to 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 can 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 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 option and those who can enjoy with safe margins usually benefit.
Cryptocurrency, as an example, Bitcoin is divisible to the eighth decimal point. Which means the littlest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can buy any dollar level of Bitcoin you want. In a way, you can easily but in bits and parts as and if 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 are 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 clear presence of the erstwhile crook Harshad Mehta, who destroyed the Indian Bourses, cannot put your investment in jeopardy. Your 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 may take days of excruciating verbal volleys in emails and heated telephonic conversations without any guarantee of a quick solution. Basically, it appears that PayPal is the main one having control of your hard earned money, that is absurd, to express the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it is much like having cash in your hands. Those coins may fluctuate in value, that is normal, but at least they’re owned by the folks who possess them.
Cryptocurrency is the strategy to use, especially when security and stability are at 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 proceed and make lives of its citizens a shade easier!