AltCoinTrader CEO and founder Richard de Sousa explains how he discovered an entirely new way to get out of debt, transact and do everything you would normally do with a bank, but in the crypto sphere. De Sousa also breaks down how he bought a R650 000 property in the west of Johannesburg and ended up paying just R200 000 for it – using a novel crypto financing method.
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This is typical of cryptocurrency logic. If we applied the same reasoning in the case of the person who owns shares in Capitec Bank, then he actually bought his R15 million beach house in Plettenberg Bay for R500 000.
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Let’s see which survives longer: Bitcoin, or Capitec Bank…
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Go crypto and risk losing your shirt on your back.
The people behavior towards crypto looks similar to that of pyramid schemes when they were around twenty years ago.
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Sure we have lost money and had to learn the hard way, but by starting with small amounts its not been that painful. (Sorry for you if yours was) After 5 years in the industry we have honed our due diligence skills and now know what to look for and avoid! So its a brighter future for us as BTC and others grow. ( My official Retirement investments are going backwards with just a 5% drawdown,,, and real inflation is about twice what the official one is!)
Crypto will not replace fiat but its efficiency,cost effectiveness, convenience and huge versatility is busy changing and improving many industries some to the real benefit directly to people!
Long may it prosper in this false economic world!
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Agreed.
I don’t think it can be ignored any longer. It should be included in a portfolio. What % of the overall I am not sure. Where exactly it fits in I am also not sure but I think making a small start is the way to go.
Stay fiat and lose EVERYTHING.
Pyramid schemes still exist, some of them crypto based, most of them fiat money based. Crypto itself has nothing to do with pyramids – and everything to do with NOT robbing people of their wealth, the way that fiat does.
But if you enjoy placing much of your income into government hands to (mis)use, suffering wealth erosion through inflation and watching the wealth gap grow ever wider; then by all means, avoid crypto and back the current oppressive system.
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