Investing in Bitcoin as a Beginner


Bitcoin
Photo by Alesia Kozik from Pexels

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 platform 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.

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For while I had been hesitant to put any money into crypto after hearing about the many online scams and how volatile the market is. But after spending some time listening to Revix podcasts on CliffCentral, I gained some insight as to how crypto worked, how it was going mainstream, understanding its volatility but most importantly, I had found a trading and investment platform with credibility, one that I could trust with my money.

So, 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 ‘hodl 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. So, for example, purchasing R150 of Bitcoin every week or R1500 monthly would be ZAR cost averaging.

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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.

So far, 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.

Next month, I look forward to purchasing my first Top Ten Bundle through Revix – which has seen over 500% returns in the last year! Bundled investments can instantly diversify your investment portfolio with some of the best-performing cryptocurrencies. The Revix Top 10 Bundle, for example, allows investors to invest in a bundle of the 10 largest cryptocurrencies as measured by market value and spread across 85% of the market.

Unlike investment funds, cryptocurrency investment bundles do not require an intermediary, such as a fund manager. Instead, they allow investors to invest directly into the underlying cryptocurrencies within that bundle and closely track their overall performance.

Read More | Revix launches SA’s first Bitcoin rewards programme

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.

Invest in Bitcoin with Revix

If you are working with an established, reputable crypto investing platform like Revix, you can invest in both ready-made crypto Bundles and individual cryptocurrencies including Bitcoin, Ethereum, USDC (a “stablecoin” fully-backed by the US dollar) and a physical gold-backed token called PAX Gold which provides legal ownership of an ounce of gold through Revix’s online platform.

The Smart Contract Crypto Bundle tracks those cryptocurrencies that enable smart contract functionality and include several cryptocurrencies that are looking to challenge Ethereum’s smart contract dominance. This Bundle comprises cryptocurrencies that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system. The cryptos in this bundle include Ethereum, Cardano, Tron, Neo, and EOS.

Revix also offers a Payment Crypto Bundle, which provides exposure to the largest five payment-focused cryptocurrencies looking to become ‘digital cash’ and compete with government-issued fiat currencies to make digital payments cheaper, faster and more global. These cryptos include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM).

About Revix

Revix brings simplicity, trust and great customer service to investing. Their easy to use online platform enables anyone to securely own the world’s top investments in just a few clicks

Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.

For more information and to sign up, please visit www.revix.com

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. 


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