• Contact
Wednesday, February 1, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Nigeria extends deadline to swap old currency notes by 10 days

    Nigeria extends deadline to swap old currency notes by 10 days

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Trending Tags

  • Business
    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

  • Finance
    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Nigeria extends deadline to swap old currency notes by 10 days

    Nigeria extends deadline to swap old currency notes by 10 days

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Trending Tags

  • Business
    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

  • Finance
    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Finance

Get into the crypto habit of saving rather than spending

Especially as Black Friday and other temptations beckon.

TAB by TAB
24/11/2021
in Finance
0
Get into the crypto habit of saving rather than spending
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Get into the crypto habit of saving rather than spending

The wisdom of saving rather than spending has been handed down from parent to child since the dawn of time.

Related posts

Nigeria launches payments card program to rival Visa and Mastercard

Nigeria launches payments card program to rival Visa and Mastercard

30/01/2023
1
Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

26/01/2023
1

Get into the crypto habit of saving rather than spending

As Black Friday looms, we should consider the value of money and what a simple R1 000 saved, rather than spent on Black Friday a year ago, could be worth today.

Had that R1 000 been invested in bitcoin (BTC) it would be worth roughly R3 100 today. Had it been invested in the Ethereum cryptocurrency ether (ETH) it would be worth R7 540.

The wisdom of delayed gratification is even more pronounced when looking at the one-year returns of supernovas like Solana (SOL), up 9 730% over 12 months. That same R1 000 invested a year ago in SOL would today be worth close to R100 000.

“The temptation to spend at this time of the year is always high, and while it is a great time to grab deals people should think twice about the effects of saving that money versus spending it,” says Brett Hope Robertson, investment analyst at crypto investment platform Revix. “While we understand that crypto might not be for everyone, we do believe that saving and investing should be at the forefront of customers’ minds over this time.”

The above graphic shows you just how powerful investing in crypto assets has been since Black Friday last year.

While Solana was the clear winner over the last 12 months, investors know that it takes a lot of skill, timing, and above all luck to identify the next Solana ahead of time correctly.

So how do we all try benefit from the next big crypto success?

The answer to that conundrum is to invest in one of Revix’s three crypto “bundles”.

Revix, a crypto investment platform based in Cape Town, was founded to solve that very problem. In addition to making it easy and safe to buy individual crypto assets, Revix’s claim to fame is its crypto bundle offerings.

In the same way you would buy into the JSE Top 40, Revix bundles allow you to invest in a group of cryptocurrencies seamlessly.

Revix empowers users to invest in three different theme-based bundles:

The Top 10 Bundle (+453%) is like the JSE Top 40 or S&P 500 for crypto and provides equally weighted exposure to the top 10 cryptocurrencies making up more than 75% of the crypto market. This bundle includes all the cryptocurrencies mentioned in this article and has significantly outperformed Bitcoin over the last 12 months.

The Smart Contract Bundle (+569%) provides equally weighted exposure to the top five smart contract focused cryptocurrencies like Ethereum, Solana and Polkadot that enable developers to build applications on top of their blockchains, similar to how Apple builds apps on top of its OS operating system.

The Payment Bundle (+200%) provides equally weighted exposure to the top five payment focused cryptocurrencies looking to make payments cheaper, faster and more global. These cryptos include the likes of Bitcoin, Ripple, Stellar and Litecoin.

The Smart Contract Bundle, which includes cryptos like Solana, Binance Coin, Ethereum and Cardano, has been on a tear in recent weeks as massive strides have been made in delivering on the promise of a new financial architecture centred around decentralised finance (DeFi).

“DeFi is relatively new and is still gaining traction, but the value of funds locked up has grown from $12 billion to more than $104 billion over the last 12 months – which means that DeFi is now the same size as IBM within four years since its creation,” says Hope Robertson.

Decentralised finance allows investors to earn interest at rates far in excess of anything available in traditional markets.

They can also lend and borrow, all without having to go through credit approval committees and Know Your Customer routines – this is made possible by self-executing smart contracts that require no human intervention.

Going back even further in time to Black Friday in November 2017, a R1 000 investment in Bitcoin would today be worth seven times the original investment.

“While cryptos may be volatile, in the past investors have been rewarded for that volatility in the form of above-average returns,” says Hope Robertson. “But regardless of crypto, you need one simple rule to grow wealth, save more than you spend.”

Revix Black Friday and November Deals:

  • Get up to R2000 back when you invest with Revix this Black Friday (for example, invest R1 000 and get R200 back to invest as you please).
  • 100% off all buy-in fees on all assets available on the platform between November 19 and 30.

Please remember Ts&Cs apply.

With these deals there has never been an easier or cheaper way to invest. So when you are thinking about buying that next pair of shoes that you don’t really need, stop and think about what saving that money could do for you.

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, 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.

Brought to you by Revix.

Moneyweb does not endorse any product or service being advertised in sponsored articles on our platform.

Get into the crypto habit of saving rather than spending

Source: Moneyweb
Previous Post

UK businesses, not African countries will profit from new trade plans

Next Post

The coronation gives increases profits

Next Post
The coronation gives increases profits

The coronation gives increases profits

RECOMMENDED NEWS

PwC worker lost part of his skull after taking part in a drinking game at a work event and is suing the company for $235,000, reports say

PwC worker lost part of his skull after taking part in a drinking game at a work event and is suing the company for $235,000, reports say

5 months ago
2
AfDB to commit $10 billion to make continent the breadbasket of the world

AfDB to commit $10 billion to make continent the breadbasket of the world

6 days ago
3
Biotechnology, AI to determine future of medicine in Tanzania

Biotechnology, AI to determine future of medicine in Tanzania

2 months ago
2
AfDB invests $1.5 million to harmonize cross-border power trading in COMESA region

AfDB invests $1.5 million to harmonize cross-border power trading in COMESA region

12 months ago
3

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man
  • Nigeria launches payments card program to rival Visa and Mastercard
  • Develop enabling legislation to fuel the cannabis sector to new highs and boost the economy

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In