Technology has transformed the way in which people work, communicate, shop and even pay for goods. Businesses and consumers no longer always prefer cash, and this behaviour is giving way to contactless payments. A new payment system is currently coming to the fore, one that is also an investment asset: cryptocurrency.
Investing in cryptocurrencies – growing numbers of interested investors
Cryptocurrency is a type of digital currency that emerged after the 2008 financial crisis. Its possession allows you to bypass traditional payment methods.
Cryptocurrencies rely on “blockchain” technology, which is a shared database of transactions whose entries must be validated and encrypted. The network is protected by people called “miners” who use high-powered computers to verify transactions and are rewarded with units of virtual currency for their assistance.
There are three main factors contributing to the rising price of cryptocurrencies. Firstly, the media goes crazy on hearing news connected with value growth, which in turn attracts new buyers who want to cash in. Secondly, more traditional financial firms are investing in this market. And finally, the correlation between cryptocurrencies and gold, which match trends in the global economy, give hope for an imminent rise in value.
The development of Covid-19 vaccines may allow for a rapid post-pandemic recovery at a time when governments and central banks are still pumping money into the economy – which could trigger a surge in inflation. For this reason, some investors see cryptocurrency as a store of value, similar to gold, which can hold its value in times of economic uncertainty or rising inflation.
Not one but… several?
But is it worth betting all on one card in such volatile times? Absolutely not! Fortunately, there are methods to reduce risk when investing in cryptocurrencies.
Diversification is a risk management strategy that combines a variety of investments within one portfolio. A diversified portfolio contains a mix of different types of assets and investment instruments to limit exposure to a single asset or risk. This method is based on the idea that a portfolio built from different types of assets will, on average, yield higher long-term returns and lower the risk of holding a single type of asset, such as a single type of cryptocurrency.
Diversification seeks to mitigate unsystematic risk events in a portfolio, so the positive performance of some investments neutralises the negative performance of others. The benefits of diversification only occur when assets are not perfectly correlated – that is, they respond differently, often in opposite ways, to market influences.
Research and mathematical models have shown that maintaining a well-diversified portfolio produces the most cost-effective level of risk reduction.
Stellar and Bitcoin Cash with a chance of succeeding?
It is best to start diversifying your investment portfolio by choosing the right e-coins. Fortunately, there are many interesting products available on the market, in particular – Stellar and Bitcoin Cash.
Stellar is a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers.
Stellar’s operation is similar to most decentralised payment technologies. It supports a network of decentralised servers with a distributed ledger that is updated every 2 to 5 seconds across all nodes. Each node in the Stellar network chooses a different set of “trustworthy” nodes. When a transaction is acknowledged by all nodes in this set, this transaction is considered approved. The shortened process has made the Stellar network extremely fast, and it is said to process as many as 1000 network operations per second. Stellar tokens are therefore considered an extremely prospective solution.
In turn, the main advantages of Bitcoin Cash are its low price and the speed with which transactions are conducted. The higher speed on the Bitcoin chain is possible because Bitcoin Cash technology is more scalable. This means that more people can transact on the blockchain at any given time. Bcash’s development team is rapidly implementing solutions that increase the scalability of the blockchain, giving it great potential for future use.
Two in one – Netricoin
Both of the aforementioned currencies can be obtained by means of the revolutionary Netricoin product. Netricoin is a set of training materials, webinars, e-books and educational aids, fully dedicated to the issues related to investing in cryptocurrencies, in particular – the diversification of the investment portfolio. The training materials are designed for beginners looking to expand their knowledge of cryptocurrencies and investment principles.
The element that sets Netricoin apart from other courses are the cryptocurrency units attached to it – Stellar and Bitcoin Cash, in a 50:50 ratio. Including as many as two cryptocurrencies as a freebie is designed to encourage course and webinar participants to diversify their own assets and encourage their investments in cryptocurrencies. At the same time, the cryptocurrency is stored in a special intermediary account, which eliminates the possibility of making mistakes by beginners or the data contained in it being stolen.
Aside from its educational aspects, Netricoin has a reputation for doing a great job of safeguarding the cryptocurrency. First of all, the whole operation takes place offline. A card with the Netricoin access code enclosed in a specially protected envelope is sent to the customer after they have purchased the Netricoin set. The code on the card is also the login and password to the account where the cryptocurrency is stored.
A customer with the Netricoin Card is able to view the value of the accumulated cryptocurrency; however, email verification is required in order to withdraw it. Only after giving the code from the card to the intermediary and verifying the customer’s identity, the assets accumulated in the e-wallet can be withdrawn.
Detailed step-by-step instructions on how to view the value, withdraw or manage cryptocurrency are provided via email. If there are any uncertainties, the purchaser may contact the customer service office for assistance or further instructions.
Safe storage and easy retrieval
In order to get hold of the Netricoin set, you will need to contact the vendor and schedule a phone conversation to discuss the offer and the method of the product’s operation. After the purchase, the customer gains access to the educational materials sent by email, receives the ability to sign up for webinars, and gains a preview of the value of the accumulated cryptocurrency. At the same time, the Netricoin Card with the code will be sent out by post – you will be able to collect it after showing your identity document.
Receiving the accumulated cryptocurrency is just as easy – contact the vendor, provide the code and wallet number to which the funds will be transferred and wait for the action to be finalised. Both Stellar and Bitcoin Cash can be cashed in at any time by the customer.
The Netricoin set is a product intended mainly for beginners, especially people who have not yet invested online or do not want to do so because of the possibility of a hacker attack or investor-unfriendly regulations regarding trading cryptocurrencies on an exchange. It allows you to diversify your portfolio by means of cryptocurrencies relatively quickly, as well as supports your education about professional virtual currency investments.