An anonymous director reports

NETCOINS.CA REACTS TO SLUMP IN DEMAND FOR AND FALLING PRICE OF BITCOIN

Netcoins, a subsidiary of Bigg Digital Assets Inc., is offering its perspective on two major developments in the Bitcoin and cryptocurrency market. First, in June the price of bitcoin hit a monthly low of $28,908; a daily volume maximum of $138.2-billion was down 42.3 per cent from the intra-month high in May. According to sources in this CNBC article, trading volumes at the largest exchanges, fell more than 40 per cent in June.

Netcoins sees these market conditions as an opportunity, rather than a stumbling block. When considering more traditional investment vehicles, like stocks and bonds, the conventional wisdom is to buy low, sell high. This is the basis for many long- and short-term investment strategies, for example; dollar cost averaging. Netcoins believes that cryptocurrency has established itself as a legitimate investment vehicle, and while volatile, the option to buy bitcoin should still be part of a portfolio. Aside from financial considerations, opposition to bitcoin also has political and societal aspects. Certain regimes are currently fighting against the freedom that bitcoin represents, so supporting the digital asset ecosystem can help promote human rights.

Netcoins's president, Mitchell Demeter, expanded on his company's reaction to bitcoin market conditions: "I definitely think the recent movement in bitcoin value presents an opportunity. This allows a more democratic array of investors to get into the market. It's also great for cryptocurrency in general as a wider pool of investors become owners in it. Lastly, it offers seasoned cryptocurrency investors a chance to increase their holdings at a lower cost. We at Netcoins are here to help anyone obtain bitcoin and other cryptocurrency assets, whether they're a veteran or a novice."