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. Many of them gain importance because of cryptocurrency local problems not discussed in public areas (though governments get it done clandestinely, denying its citizens to get in similar ways). We will see them one by one arranged not within an orderly fashion.
Better than the infamous Hawala Deals
Imagine you were selling a house for a large sum and investing section of it’s in buying another property. Legally speaking, in the event that you invest the total amount earned you spend zero tax, but imagine if the new property cost only half as much? Neither can you place it in
A bank (as all transactions are questionable)
Nor hide in the home (as a theft is always a possibility),
Nor take it along when traveling (if an authority searches for some reason, you won’t manage to explain and it will be forfeited).
Obviously, you try sending that amount elsewhere utilising the infamous method titled above, what else would you do? At the absolute most, you are able to distribute the surplus amongst your nearest and dearest, close relatives, and friends, but again, the chance of them not returning is grave.
An Exemplary Investment Tool like a SIP- Systematic Investment Plan
Speculation is just 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. Which means the smallest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can purchase any dollar amount of Bitcoin you want. In a way, you can easily 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 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 anyone 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 hard earned 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 wear hold. This might take days of excruciating verbal volleys in emails and heated telephonic conversations with no guarantee of a fast solution. Basically, it appears that PayPal is usually the one having control of your cash, that will be absurd, to say the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it’s much like having cash in your hands. Those coins may fluctuate in value, that will be normal, but at the very least they are owned by the folks who possess them.
Cryptocurrency may be the approach to take, particularly when security and stability are in stake. The easy investment and safe international transactions are a number of the noted benefits. We should hope that all governments give it a go ahead and make lives of its citizens a shade easier!