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 as a result of cryptocurrency local problems not discussed in public (though governments take action clandestinely, denying its citizens to gain in similar ways). We will have them 1 by 1 arranged not in a orderly fashion.
Better than the infamous Hawala Deals
Imagine you’re selling a home for a big sum and investing section of it’s in buying another property. Legally speaking, in the event that you invest the entire amount earned you pay zero tax, but imagine if the newest property cost only half as much? Neither can you put it in
A bank (as all transactions are questionable)
Nor hide at home (as a theft is always a possibility),
Nor bring it along when traveling (if an authority searches for whatever reason, you won’t be able to explain and it will undoubtedly be forfeited).
Obviously, you try sending that amount elsewhere utilising the infamous method titled above, what else is it possible to do? At the most, you can distribute the surplus amongst your household members, close relatives, and friends, but again, the risk of these 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 particular option and those that can enjoy with safe margins usually benefit.
Cryptocurrency, as an example, Bitcoin is divisible to the eighth decimal point. Meaning the tiniest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can get any dollar quantity of Bitcoin you want. In a way, it is possible to in bits and parts as and when you yourself have the opportunity of putting away some of one’s 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 really 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, what this means is even the 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 any guarantee of a quick solution. Basically, it seems that PayPal is the main one having control of your cash, which is absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own all the coins that they have purchased, it’s just like having cash in your hands. Those coins may fluctuate in value, which is normal, but at the least they are owned by the folks who possess them.
Cryptocurrency could be the way to go, specially when security and stability are in stake. The simple investment and safe international transactions are a few of the noted benefits. We ought to hope that governments give it a go ahead and make lives of its citizens a shade easier!