Bitcoin Investing 101 / A Beginners Guide to Bitcoin
The burgeoning realm of blockchain and cryptocurrency can seem complicated and overwhelming at first. At worst, you might be feeling a little behind or like you’ve missed out on the gold rush, and it’s too late to cash in on Bitcoin, but that simply isn’t true.
My journey with cryptocurrency only began this year, and so far, I’ve seen a good return on my initial investment. That number isn’t a result of expert trading skills or in-depth crypto knowledge; it’s the result of an uncomplicated strategy coupled with an excellent local exchange that offers leading advice and expertly tailored bundles for first-time (and seasoned) crypto investors.
Late last year, I was interested to learn more and perhaps invest in this emerging digital market. But searching for advice on how and where to invest in Bitcoin left me with more questions than answers — until I came across the ‘Beyond Bitcoin with Revix’ Podcast on Gareth Cliff’s show CliffCentral.
What motivated me — success story investing with Revix.
In January this year, I signed up with Revix and made my first Bitcoin investment of R2500. In March, I invested another R2 500 in Bitcoin again. Both purchases were made in the midst of two of the biggest market correction dips in 2021, the perfect time for a buy-in. In my short time investing in crypto, I’ve learned to be patient and wait for a good price. Dips can be good too, you know.
To date — my account sits at R8100. So what strategy did I use? ZAR cost averaging and the ‘hold strategy’. Simple and effortless.
The Constant Dollar Plan or Dollar-cost averaging (or ZAR cost averaging, in my case) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a specific asset to reduce the impact of possible -and probable- volatility on the overall cost. For example, purchasing R150 of Bitcoin every week or R1 500 monthly would be ZAR cost averaging.
HODL (Hold on for dear life) is a term derived from a misspelling of “hold” and refers to buy-and-hold strategies for digital currencies. It’s an investment philosophy and approach to cryptocurrency that shuns trading based on short-term price moves — in other words, I don’t plan to sell, not through any dip.
To date, it’s paying off. And I’m excited for the future of crypto and what that will mean for my investments.
Sean Sanders, founder and CEO of Revix, often speaks about the importance of diversified investing and about the ready-made investment bundles, Revix was offering for first-time investors like myself.
So next month, I look forward to purchasing my first Top Ten Bundle through Revix — which has seen over 500% returns in the last year! The bundle includes- bundle info.
Bitcoin and digital currencies have outperformed traditional investments over the past few months; I’ve personally seen it happen. But more importantly, crypto and blockchain technology is making its way into the mainstream; with so much to explore, buy and invest in right now, I’m excited to see where the future of the crypto-sphere take us. Who knows, maybe I’ll sell my own NFT soon.
How to start saving and earning in 12% in USDC
Cape Town-based Crypto Investment platform Revix, saw the value of bringing a USDC Savings Vault to South African investors early on. For over a year, Revix’s flexible US Dollar-denominated savings account has offered an interest rate well above market.
Now, the long-trusted Revix USDC Savings Vault has been upgraded to offer investors an even higher annual return. This enables you to effortlessly earn interest using your USDC holdings just like a high yield US dollar savings account. The only difference being that you’ll earn a far higher return than any dollar savings account can offer.
Starting 6 May, Revix’s Savings Vault will provide you with a 12% APY on your USDC. A minimum investment of 100 USDC is required to qualify, and there is a minimum lockup period of 30 days in order not to attract fees. T&Cs apply.
