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.
There are 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 take action clandestinely, denying its citizens to get in similar ways). We will have them 1 by 1 arranged not in an orderly fashion.
Better compared to the infamous Hawala Deals
Imagine you’re selling a house for a big sum and investing element of it is in buying another property. Legally speaking, in the event that you invest the total amount earned you spend 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 whatever reason, you won’t be able to explain and it is going to be forfeited).
Obviously, you try sending that amount elsewhere utilising the infamous method titled above, what else could you do? At the absolute most, you can distribute the surplus amongst your household members, close relatives, and friends, but again, the chance of these not returning is grave.
An Exemplary Investment Tool such as for instance 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 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 can purchase any dollar level of Bitcoin you want. In ways, you can easily 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 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 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 wear hold. This could take days of excruciating verbal volleys in emails and heated telephonic conversations without guarantee of an instant solution. Basically, it appears that PayPal is the main one having control of your cash, that is absurd, to state the least.
On the contrary, with Cryptocurrency, account holders own all of the coins they have purchased, it is just like having money in 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 could be the strategy to use, especially when security and stability are in stake. The easy 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!