A Safe Way to Trade Bitcoin Has Arrived in SA!
The Winkelvoss Twins - famous for their lawsuit against Facebook founder Mark Zuckerberg - bought 120,000 Bitcoins in 2011. In that year, Bitcoin was worth $10. Needless to say, they became the laughing stock of the tech industry. Fast forward to 2017 when their holding grew to over $1 billion, making them the first Bitcoin billionaires. Who’s laughing now?
Founders Fund, the venture capital firm co-founded by Peter Thiel, bought between $15 million and $20 million in Bitcoin. It’s now worth over hundreds of millions of dollars. “Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative,” Thiel said at the time.
Meanwhile in South Africa
This is just the tip of the iceberg when you consider Bitcoin’s impact globally.
Closer to home, Bitcoin and cryptocurrency interests have surged. A survey concluded that Bitcoin was the most popular cryptocurrency in South Africa, closely followed by Ethereum. 89.94% of respondents own Bitcoin with nearly half of these people investing R5,000 or less.
1 Bitcoin was worth about $1,000 in January 2017. According to this graph, if you were wise enough to invest in two Bitcoins during this time, it would be worth $36,000 by the end of 2017. Last year, it outshone every conventional investment and will continue to do so in 2018 and beyond. Perhaps it's time to stake your claim in Bitcoin?
Bitcoin goes mainstream in SA
Online retail giants Takealot.com, Superbalist and Bidorbuy all now accept Bitcoin, as do smaller local online enterprises such as Cape Coffee Beans. South African clothing brands Earth Child and Naartjie are accepting Bitcoin, as do well-known technology repair chain weFix.
The Red and Yellow Creative School of Business started accepting Bitcoin as payment for their courses, and the University of Cape Town is now offering a course in Fintech; aimed at exploring the possibilities of online currency and blockchain technology.
Do we need further proof that Bitcoin is making major inroads in South Africa?
Why do South Africans have such a high interest in Bitcoin?
Unlike the common currency, Bitcoin is completely decentralised, meaning that its value is not harmed by our heightened political pressure. This is why thousands of South Africans are embracing it. It’s also easy and free to transfer from person to person, and is not regulated by a central agency - like a bank - but rather through a virtually impenetrable ledger called a blockchain. This makes it safer and easier to use than most fiat currencies.
If you bought R61 worth of Bitcoin 7 years ago, you’d be R54 million richer today!
Bitcoin is the future of currency, and according to Google analytics, South Africa is one of the top 5 countries with an interest right now. Bitcoin has averaged annualised gains of over 400% since July 2010. There’s a Bitcoin frenzy in South Africa and everyone wants a piece.
Why you should only trade with a regulated broker
Simply put, it’s for your protection.
The regulator is there to protect the trader from the broker in the event that they do anything that harms or defrauds the trader. Trading with a regulated broker means more protection for your investment.
Trading with IQ Option
IQ Option is an award winning broker recognised as the “Best Technology Application” by The Web Marketing Association and the “Best Binary Options Broker, Europe 2015” by Global Banking and Finance Review.
The platform has expanded massively since its inception in 2013, with over 17 million members worldwide.
They don’t just provide you with a platform, but will help you better understand all your trading options as well. When you sign up, you get the option to start trading on a demo account before you trade with real funds. They also have blog posts and tutorial videos to help you maximise your trading.
Along with their online software they offer IOS and Android apps so you trade from anywhere.
Start trading Bitcoin and don’t miss the next round of unbelievable market growth.
Enter your email address here to claim your free IQ Option account
1 Go to IQ Option
2 Enter your details
Including full name, email address and password of your choosing to create your account.
3 Fund your account
4 Select Bitcoin as your chosen currency
5 Start trading!
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