Remember demonetization woes in India, 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.
There are other umpteen benefits not highlighted anywhere either in newspapers or the internet. Some of them gain importance because of local problems not discussed in public (though governments do it clandestinely, denying its citizens to gain in similar ways). We will see them one by one arranged not in an orderly fashion.
Better than 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 full amount earned you pay zero tax, but what if the new 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 take it along when traveling (if an authority searches for some reason, you won't be able to explain and it will be forfeited).
Obviously, you try sending that amount elsewhere using the infamous method titled above, what else can you do? At the most, you can distribute the surplus amongst your family members, close relatives, and friends, but again, the risk 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 play with safe margins usually benefit.
Cryptocurrency, for example, Bitcoinis divisible to the eighth decimal point. That means the smallest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can buy any dollar amount of Bitcoin you want. In a way, you can easily but 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 Cryptocurrencyvalue 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 money is in safe hands, always.
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