The burgeoning realm of blockchain and cryptocurrency can seem complicated and overwhelming at first. At most, 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 52% 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.
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 R2500 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 R1500 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.
At Revix, we’re driven to empower everyday people to become their own wealth managers. Cryptocurrencies have been our first investable category. We offer Bitcoin, a regulated gold tokenised commodity called Paxos Gold, and 3 ready-made crypto Bundles. These Bundles are like the S&P 500 for crypto and offer passive, diversified exposure to the crypto asset class. Investing is as easy as signing up, choosing an asset, and then watching your portfolio grow.
We have some exciting new products on their way. Soon you’ll be able to invest in emerging themes, sectors and asset classes in an effortless way. Sign-up to learn more.
This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.