Netcoins is a Canadian company based in Vancouver that is fully listed in the Canadian Securities Exchange (CSE) and publicly traded under BIGG Digital Assets.
I was introduced to Netcoins as a way to get money from my Canadian bank account to by cryptocurrencies for fund investments on other platforms.
Almost all of those investments collapsed in time.
However, Netcoins has proven to be a fabulous platform for investing, trading, and payments.
The fees are very low and you can liquidate everything and transfer to your bank account in an hour if needed.
I simply don’t think you will ever need to do that.
Funding by E-Transfer
Canada has a fabulous mechanism for transferring money from one Canadian bank account to another through email or text messages.
Transfers are nearly instant and fees are typically a dollar or free. You can send a payment of $2,000 to someone for $1.
Venmo is a similar service in the United States.
Investing in Cryptocurrencies
Netcoins allows you to buy and sell some forty different coins including Bitcoin, Ethereum, Solana, Cardano, Litecoin, Pokadot, Gala, Bitcoin Cash, Uniswap, PAX Gold, Cosmos, Render, and more.
The fees are low. I’ve been paying five cents on small eleven-dollar transactions ~ less than .5%.
Trading
Netcoins is a great platform for day or swing trading because the transactions are fast and the fees are low.
Here is a Bitcoin graph from a minute ago.
Both the phone app and the desktop allow you to quickly flip through the price charts for 1 hour, 24 hours, 7 days, 1 month, 3 months, and 1 year.
An Easy and Safe Trading Strategy
Here is something you can dry with as little as $100 making the minimal $10 trades following these guidelines.
Buy when something is trending upwards.
Sell when it is trending downwards.
If the longer-term trend is upward, hold on to more as an investment. Sometimes the thing to do is buy and let it ride the small dips.
If the longer-term trend is downward, avoid holding on to anything that is dropping in price. Sometimes it is better to sit on the cash and go for a walk.
Beware the Optimism Bias
The main challenge that I have had with trading is what I call the Optimism Bias.
Humans are wired to want things to work out and will hold on to losing trades hoping the price will turn to go up.
Sometimes the turnaround won’t happen for months, years, or ever and people simply watch their investment sink.
A strategy and discipline can help with that.
Learn to avoid ever having a losing day and your financial future is in your hands.
I will provide more trading strategies in another post.
Netcoins for Payments
I have a Netcoins Debit MasterCard that I can use for everyday payments.
Rather than pay 10 to 20% on credit card payments, Netcoins pays me 1% in Bitcoin for using the card for payments!
So I use it for buying coffee and bannock as Keluli, offline and online purchases, and paying international collaborators for their services.
Cool stuff!
Try Netcoins Yourself
Netcoins is not an MLM, though there is a reward program for referring people.
If you sign up with this link, I will receive $25 when you fund the account and buy a coin, and you will also receive a $25 reward.
Investing in programs that involve blockchain investments in various forms can bring almost unimaginable returns and a high level of risk.
Here is I will offer a few perspectives on why or why not you would consider adding a few blockchain programs to your investment portfolio.
The Good
Kim Walsh Phillips gets people to pledge: “if it is not going to make me money, I am not going to do it.”
Like nearly all network marketing opportunities, the companies will caution against talking about numbers and in the case of health products, the products themselves for compliance.
But really, no one is going to buy lottery tickets, join an MLM, or invest in a portfolio or AI trading system without having an idea about the potential return.
Compared to a 10% annual return that is difficult to achieve in many types of investments, why wouldn’t you put in money you could afford to lose and see what happens?
As with most network marketing opportunities, you can earn commissions through building a team, and then compound those commissions to grow your account very fast without putting in much of your own money.
I know people who have committed to this and who already are making a great living and on track to be very wealthy within a year.
Community
Like the best network marketing companies, you can jump into global meetings and events.
I know people who not only earned enough to go to a glamorous event in Dubai, they earned bonuses for going that paid for the trip.
They essentially had a fun seven-star experience and made money for doing it.
The next stops are Utah and South Africa!
Me? I put money into simpler, quiet block-chain investments because I tend not to be all-in for network marketing events and meetings.
I have missed a lot of opportunities because of that reluctance
Let me know if this sounds like fun to you and I will connect you with the European-based platform and the team.
It has a staggering number of metaverse components, is a blockchain marketplace, and has it’s own crypto-currency listed on Yahoo Finance.
Like the stock market, the Crypto currencies are very fickle on a daily basis and trends only really become clear in the rear-view mirror. The best strategies are to trade on volatility and many of the platforms are using sophisticated trading algorithms and AI to trade.
I know from personal experience how great the rewards can be and how difficult it is for a person to be consistently good as a day trader because of emotions, fatigue and a lot of other human factors.
Like the workings of a bank, hedge fund, or product-based networking marketing company, it is difficult or impossible to know what is happening behind the scenes.
Like what happened with Silicon Valley Bank recently, spooked investors can take a platform down with a panicked exit.
Unlike Silicon Valley Bank, Joe Biden in the US and Justin Trudeau in Canada won’t jump in to guarantee deposits. Ironically, the same people who railed against government regulations were the first to beg the government to protect their money. But I digress.
The best blockchain platforms do their best to align with various securities commissions.
The challenge is that the investors are located globally, which is part of the appeal of blockchain.
For example, you can find provincial securities websites that are warning people about investing in the European-based blockchain company described above because it is not registered with their local securities commission.
True. And it could all be an elaborate sham. But what if it isn’t?
As with all investments, never invest more than you can afford to lose.
The Ugly
A high percentage of high-return platforms fail.
Many work great until they don’t.
Withdrawals work until they don’t.
There are many reasons why a platform might fail:
They get shut down by regulators.
Their system gets hacked.
The system was not robust enough to handle the volume.
The mechanism they used to generate returns either stopped working or did not generate enough money to cover payouts and team commissions.
And some could have been Ponzie schemes from the beginning.
There are tons of scammers in the space.
Have you received a text from a beautiful woman originally from Singapore now living somewhere in North America offering huge returns?
Funny how the names change but the photos look similar!
Ask her to send you $10K to try and you will send her back $20K when it works.
By the way, the people who introduced me to the two platforms still standing for me put their money in my account to get me started.
That says something about their confidence in the platforms. It is also a good investment strategy to build your team.
Lunch Money Investment Perspective
Let’s say that a blockchain investment that looks solid promises a return of ten times your investment in a year.
You invest money you can afford to lose in three of these platforms.
Say two fail. You have still tripled your money.
And if none fail, you are golden.
Reducing Risk
As with all investments, a diversified portfolio reduces the risk of any one investment failing or underperforming.
If possible, withdraw your principal investment as soon as possible,
One strategy is to withdraw 50% of your gains regularly to recover your principal investment. After that, you are playing with house money or money from team commissions.
Please let me know if you want to be introduced to our team and the opportunity that is working for them now..
Your gateway to almost everything weird and wonderful about the blockchain in is the GS Partners Platform.
Smart Contract Certificates ~ Crypto Exchange ~ NFTs ~ Blockchain Marketplace ~ Virtual Real Estate ~ Blockchain Training ~ Much Much More …
It also has a vibrant community.
I personally know many people who have jumped and are having a lot of making a lot of money and going to events in places like Dubai, South Africa, and Utah.
GSPartners has a Crypto Currency listed on Yahoo! Finance as G999
Then book an appointment with me and I will put you in touch with our team where you can learn about what it is and how you can thrive on the platform.
