WHY INVEST IN CRYPTO?
Is crypto currency the future? If so, is it Bitcoin that becomes the ultimate currency, or some other altcoin that is the holy grail?
I remember when Bitcoin first came out, how I bought my first wallet and put a couple of hundred rands into it. I think I was sitting with about 100 Bitcoin. Sometime during 2011, I just stopped checking it, I wrote it off as a silly waste of time and pretty much forgot about it. Now It is with great regret that I have no clue where my first Bitcoin address was saved. I have searched high and low for it, gone through a trillion files, diaries, old backups, now finally admitting defeat. It is gone forever. Those couple of Bitcoin are now worth a small fortune. Who would have guessed?
I have a new Bitcoin wallet now, and I have learnt a lot more about how it all works. There are now over 5000 crypto currency’s in the world. This makes the chances of choosing the next amazingly successful coin very difficult for any newcomer. Bitcoin has just gone through another halving, and it will be interesting to see whether the price takes off over the next year or so, or dwindles. I have concluded that unless you are going to trade Bitcoin, the only way you will make any money is by investing for the long haul. Maybe history will repeat itself, and a couple of bucks in my new wallet will be worth a fortune in 10 years. I wait with bated breath.
BEST WAY TO INVEST
While I am waiting, I have upped the odds a bit in my favour by joining Revix. Now Revix is a bit like ETF in concept, and it is a concept I like. Starting with a small amount you can buy into one of the mixed bundles on offer. These bundles are structured well and outperform Bitcoin on its own. This way you own a spread of different crypto’s, and who knows, maybe the next star is one of them. Revix rebalances the bundles monthly, and this helps your investment keep up to date with the latest coins that are showing potential. You can also invest in USD coin, and PAX Gold, which should be a good rand hedge if you don’t want to sit with a safe full of Krugerrand.
REGISTERING
Hopefully, this has inspired you to take the next step to invest in your own longterm diversified crypto portfolio.
You can then register on Revix here, and if you received some value from reading this article, please use this referral code DM20Q7ABBG where it asks for one. Depending on when you use it, there is a good chance that we will both get something extra from Revix.
Have you ever invested in Bitcoin and lost your address? comment below and tell me your story.