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 will 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 (though governments do it clandestinely, denying its citizens to achieve 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 big sum and investing part of it is in buying another property. Legally speaking, if you invest the total amount earned you pay zero tax, but what if the new property cost only half just as much? Neither can you place 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 reasons uknown, you won’t be able to explain and it is going to be forfeited).
Obviously, you try sending that amount elsewhere utilizing the infamous method titled above, what else can you do? At the most, you can distribute the surplus amongst your members of the family, 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 a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one such option and those who can enjoy with safe margins usually benefit.
Cryptocurrency, as an example, Bitcoin is divisible to the eighth decimal point. That means the smallest 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 but in bits and parts as and when you yourself 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 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 any one central authority. In simple terms, this means even the 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 a few 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 an instant solution. Basically, it appears that PayPal is usually the one having control of your cash, that is absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own most of the coins they have purchased, it is similar to having profit your hands. Those coins may fluctuate in value, that is normal, but at the very least they are owned by individuals who possess them.
Cryptocurrency may be the approach to take, particularly when security and stability are at stake. The simple investment and safe international transactions are a number of the noted benefits. We ought to hope that most governments give it a proceed and make lives of its citizens a shade easier!