Hampton Network is very excited to be a part of the Digital Assets space! Cryptocurrency and Blockchain technology will transform the payments industry and other industries in the coming years and we are proud to be a part of that transformation.
The best way to learn the latest news, future tendencies, and new technologies are by following the cryptocurrency blogs.
If you're new to cryptocurrency and are interested in getting involved in this space, we recommend Coinbase. This exchange is the easiest way to use your fiat currency (i.e., USD, GBP, etc.) to purchase cryptocurrency.
Types of Cryptocurrency
Some examples of cryptocurrency include (but not limited to):
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ethereum Classic (ETC)
- Tezos (XTZ)
- Cardano (ADA)
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Stellar (XLM)
Cryptocurrency and blockchain technology will transform our future in a very positive way by:
- Solving numerous problems such as payment remittance worldwide
- Censorship resistance
- Extremely fast transaction
- Assistance for the unbanked
- Supply chain logistics
- Allow everyone to be their own bank
Cryptocurrency Investing Tips
If you plan to invest in cryptocurrency, please do your own research. You shouldn't invest in anything that you don't have a basic understanding of.
You should have a “holding” account and a “trading” account. The holding account should only be used for the cryptocurrency you plan on holding for the long-term.
The trading account should be used to trade your cryptocurrency at your preferred frequency.
If you are a swing trader, perhaps you would only make trades on a weekly or bi-weekly basis. If you are a day trader, then as the name implies, you will trade daily.
You should always diversify your cryptocurrency portfolio! You should never put all your proverbial “eggs” in one basket.
Diversification will help you to balance your portfolio so if one of your assets decides to drop significantly, or go to zero, your entire portfolio won't suffer as a result.
You may also want to consider Dollar Cost Averaging (DCA). All this means is that you will purchase the same amount of cryptocurrency on a recurring basis.
So, you can purchase weekly, bi-weekly, monthly, or every quarter – the choice is yours as long as you remain consistent.
DCA allows you to continue investing regardless of whether the market is up or down.
This is because you're investing on a consistent basis and over-time, market volatility won't be an issue for you and you should end up with positive gains long-term.
The future looks very bright for cryptocurrency and the blockchain! A lot of the innovations have, or are already taking place today but some will take longer to implement.
NOW is a great time to consider investing in the cryptocurrency of your choice, you may find that it will be probably one of the best decisions you can make this year!
Check out the below links and get started with cryptocurrency today!**This page/post may contain affiliate links, which means that if you click on one of the affiliate or product links, I’ll receive a small commission.