2020 is being a bit hectic for the markets due to all the recent events that are happening, and many investors are looking for new investment alternatives. Therefore, at this moment we bring you a new recommendation, investing in cryptocurrencies, which are assets that since their creation have experienced a great revaluation and, according to experts, will continue to have an upward trend. Therefore, we are going to explain what a cryptocurrency is, how it works, how to invest, in cryptocurrencies and which are the best in 2020.
What are cryptocurrencies
The most widespread definition of virtual currency is that it is a digital currency, not a physical one, that uses cryptography to secure and manage transactions, as well as to create new currencies.
This explanation of what a cryptocurrency is includes the two most important characteristics of these electronic currencies. The first is that it does not have physical support. That is, there are no bills or coins as there are euros, dollars or pounds. Cryptocurrencies are virtual and although they can be stored on physical devices, they do not have a physical representation.
The second is that cryptography is used to create new units, which for practical purposes implies that it does not depend on any government or country. With virtual currencies, there is no central body or government in charge of creating new currencies and putting more money in the market. As an example, Bitcoin uses blockchain technology to regulate the creation of new units. Also, in this case, the number of coins available is limited, something that is not always the case with other cryptocurrencies.
Types of cryptocurrencies
Dash, Ethereum, Ripple, Litecoin … There are many virtual currencies beyond the famous bitcoin. In fact, today the number of virtual currencies far exceeds 1,300 worldwide.
What differentiates the types of cryptocurrencies is the technology they use on the one hand and their philosophy on the other. To understand it better, most virtual currencies use blockchain technology but with certain changes that can make them faster in processing transactions, for example. In addition, there are also currencies that use completely different formulas. To this is added the philosophical part such as putting a finite number on the coins that will be in circulation or not, as well as the degree of transparency in the transactions.
Although when investing it is necessary to have sufficient financial knowledge and to know exactly what are the products in which we are depositing our money and what risks we are assuming. At smartcapitalonline.com we tell you which are the best cryptocurrencies to invest and what you should take into account to choose them. However, remember that if you do not have the necessary training it is best to go to a financial advisor before gambling everything to one card.
What cryptocurrency to invest in?
Winning coins with cryptocurrencies is possible, but you have to know which one to bet on and how to do it. In this sense, there are different ways to invest in cryptocurrencies from trading with cryptocurrencies to mining virtual currencies. Choosing the asset well and the form of exploitation is key, especially when they are so volatile and have so much risk.
Most profitable cryptocurrencies
As the stock market saying goes, past returns do not ensure future returns. The evolution of a virtual currency is a good indication of its potential, but that does not mean that it is the best cryptocurrency to invest in 2020. The price of virtual currencies, with falls of more than 50% since the beginning of the year is a good example. Is this an indication that you have to flee the sector in a hurry? Not much less, just that the price was too inflated.
How Would You Choose the Best Quality Packing Casefor Your Business?
If you have an e-commerce business, then you need to ship your products to various locations. Apart from e-commerce, there are multiple types of businesses available which are product-based, and they need to deliver their products to their customers. In this case, you need to choose the best packing case for your goods or products. Wooden cases are the best option for you because these crates or cases are eco-friendly and recyclable.
Tips to Choose the Wooden Cases:
There are multiple types of packing cases available in the market such as metal cases, cardboard cases, plastic cases, and wooden cases. Metal cases are expensive, and they increase the overall weight of your products. Plastic cases are not durable, and they have some toxic substances. You cannot ship your heavy goods with cardboard cases. Wooden packing cases are the most effective solution for your business. But how would you choose the best quality wooden packing cases? Here, you can find some tips to choose such cases:
Wooden cases are durable and long-lasting. But wooden packing cases can get affected by fungus and you need to choose heat-treated wooden crates to keep your products safe. Manufacturers will treat their wooden crates under a certain temperature to kill the pests and fungus. They do not use any chemicals to kill such pests from their wooden crates and they must go for the heat treatment procedure. Heat treatment can make such crates stronger and resilient, and these cases can keep your products safe from extreme temperatures. So, make sure, you must choose such crates which are heat treated.
Choose the Wood:
There are different types of woods available in the market and you need to check the wood properties of such crates before you choose. You can choose some wooden case made from plywood or lumber. There are three types of wooden case available, such as open case, sheathed wooden case, and closed wooden case. So, you can choose the best one according to your needs.
Wooden cases are versatile, and they are available in different sizes. You can also customize these cases according to your needs. You can also ship your fragile items with these cases. It is better to include a small opening in your crates to pass the air and it will keep your products safe and moisture-free. If you want to ship some food products, electronics, or glassware then you must choose such wooden cases with the air passage.
Wooden crates are non-corrosive, but you need to add some external layers or walls to keep your goods safe from external impacts. Your goods can get affected by adverse road conditions and sea conditions, and you need to add some safety features in your crates to keep your products safe. In this case, you can add some waterproof films and foils to keep your crates safe. It is better to discuss your requirements with the manufacturer and they can suggest you the best wooden crates according to your needs.
When you ship your products, you need to use proper labeling for your consignments. Without labeling, you can lose your products and consignments can be delivered to the wrong address. In this case, you need to use some printed labels on your wooden cases. Printed cases can fade away during their transition because people are using the same crates for multiple shipments. In this case, you can engrave your company’s name and other details on your wooden crates.
To choose the best quality wooden cases, you can search them online. Make sure, you must check their thickness, size, and durability before you choose.