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. Some of them gain importance due to cryptocurrency local problems not discussed in public places (though governments get it done clandestinely, denying its citizens to achieve in similar ways). We will see them one by one arranged not in a orderly fashion.
Better than the infamous Hawala Deals
Imagine you’re selling a residence for a big sum and investing section of it’s in buying another property. Legally speaking, if you invest the total amount earned you pay zero tax, but imagine if the new property cost only half as much? Neither can you add it in
A bank (as all transactions are questionable)
Nor hide at home (as a theft is always a possibility),
Nor take it along when traveling (if an authority searches for some reason, you won’t be able 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 chance of them not returning is grave.
An Exemplary Investment Tool just like 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 such option and those that can enjoy with safe margins usually benefit.
Cryptocurrency, for instance, Bitcoin is divisible to the eighth decimal point. Meaning the tiniest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You should buy any dollar quantity of Bitcoin you want. In a way, it is possible to however 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’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, 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 money is in safe hands, always.
Safe International Transactions
Imagine using PayPal for purchases in foreign countries and for many 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 usually the one having control of your cash, which is absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own all the coins they’ve purchased, it’s similar to having profit your hands. Those coins may fluctuate in value, which is normal, but at least they are owned by the folks who possess them.
Cryptocurrency could be the strategy to use, especially when security and stability are in stake. The ease of 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!