Comments on: Why are so many South Africans buying bitcoins?

By: Marius Venter

Marius Venter — Fri, 15 Sep 2017 13:07:56 +0000

First of all, bitcoin is not the only cryptocurrency out there. There are many and the list grows daily. What makes bitcoin a bit unique is not only the fact that it’s the oldest cryptocurrency but it is limited to only 21 million units. Every 10 minutes roughly 12 bitcoins are mined.

The question whether you should get involved in a virtual currency or not is really simple: you don’t have a choice. This is the future, whether you like it or not. However, the reason why one wants to buy bitcoins may vary from person to person. I’m not sure that bitcoin will have a huge investment potential in future (although all the signs are there) but the fact remains that bitcoins yield other huge benefits.

The ball is rolling and not even Jamie Dimon from JPMorgan can stop it! It doesn’t help your case when you blatantly try to defend the banking industry well knowing that cryptocurrencies have already started to eat your pie.

By: Jarad

Jarad — Fri, 15 Sep 2017 11:18:19 +0000

For me, BitCoin would be a great opportunity to invest in but it is just so dam expensive to invest in at the moment.

By: Yusuf

Yusuf — Fri, 15 Sep 2017 07:28:19 +0000

I Dnt think its lucrative for the south African as a whole bcos 500 dollars tu start is in our terms high n that’s equal tu 7500 rands plus a 1500 registration fee who has 10000 rand laying around n it sound so NYC on Mr Steve’s advert how u can make 13000 dollars in 24hrs it is or sound great Mr Steve u give me 500 dollars n let the south African public see 13000 dollars in 24hrs tu believe its true what’s 500 dollars tu u I guess nothing as the proof is u amassed 100m dollars in 2years then in all honesty Mr Steve plz prove it n put your money where u mouth is or is it only for those that have n not for the have nots so Mr Steve this is a open challenge tu prove it works