Whilst Bitcoin has been around for 10 years, and proven that it’s here to stay, many people are still unsure as to what it is, and how it works. Also, IF it works!
Fact is, there are two kinds of people..and over the five years that my colleague and I have been in the crypto space, we’ve met and had dealings with both of them ie the type of person who is either totally against cryptocurrencies, or fearful or distrusting of them, and the type of person who is either embracing of them, excited by them or at the very least, intrigued by them.
The first type of person is typically set in his or her ways, and doesn’t like to see – or embrace – change. (a generalisation I know, and apologies in advance). The second type of person is generally younger (not always, but generally), is familiar with technology and sees cryptocurrency as the future of money. (He or she looks at Uber and Air B & B as natural progressions of things and asks why digital money should not be a progression of physical money. In his or her mind, everything is going digital, so why not money?).
Truth be told, it’s likely that the first type of person will not even be reading this blog post – simply out of a lack of interest, or a negative or suspicious mindset. And to be frank, this type of person is not the type of person I would be interested in engaging with as I am not in the convincing game at all. (I wasn’t five years ago, and I sure as am not now). In fact, when I read articles on the internet claiming that Bitcoin is a fad, or a ponzi scheme, or a pyramid scheme, or a get-rich-quick scheme, or something that is going to crash and burn, my eyes glaze over. Truly.
Think Jamie Dimon, CEO JP Morgan, America’s largest bank, who famously decried Bitcoin with his comment in October 2017 “If you’re stupid enough to buy it, you’ll pay the price of it one day”…only to launch his bank’s own digital coin some time later! Think one of the world’s wealthiest men, Warren Buffet….who has called Bitcoin “Rat Poison Squared”! Now I’ve always had a healthy respect for Mr Buffet, but the man IS in his 80’s and when you are of this age (bear with me here), you will NEVER get the hang of a form of money that one can’t see, can’t hold and can’t smell. With all due respect, it’s just NOT going to happen!
Fact is, any internet search on the internet for “Bitcoin” or “cryptocurrency” or “cryptocurrencies” is going to bring up negativity. Expect to see comments like “scam”, “Ponzi scheme”, “pyramid scheme”, “Speculative at best” etc all over the place. As tiresome as it is, it’s to be expected as there will ALWAYS be people who cannot get their heads around digital currencies, and don’t WANT to get their heads around cryptocurrencies. (My brother in law was a perfect example of this when I first told him about Bitcoin 5 years back. Today, he tells me what the Bitcoin price is before I walk through his front door!)
Enough of the nay-sayers though, as they will NEVER be convinced – and that is absolutely fine. Their loss!
Talking about you, tough: you’ve heard of Bitcoin, and are likely, intrigued by it. You’ve heard of people – maybe family members or business colleagues – making money through Bitcoin, and more than likely, yes, losing money through Bitcoin too.
Bitcoin is the most well-known cryptocurrency, but by no means, the ONLY cryptocurrency. There are actually more than 2 000 digital coins, with the vast majority not deserving of the space they occupy.
There are perhaps a dozen coins, maybe fewer (in my opinion), worth keeping your eye on eg Ethereum, Litecoin, Ripple, Dash and KBC being amongst them. (I’m particularly partial to KBC as a coin as I have a good idea as to what will be happening with it…but more about that in a future article!)
Now, if you have only a vague understanding of cryptos, these names will mean little to you. To my colleague Derek and I, they are well-known we practically live and breathe them, as we do the whole cryptocurrency space.
Within the next week or so, we’ll be taking live our Captains In Crypto website – www.captainsincrypto.co.za
The aim of it is to help “newbies” – people who are either interested or intrigued in cryptocurrencies – and who would like to get into the crypto space, and hopefully benefit financially from doing so.
Now Derek and I are by NO means financial advisors, or indeed, experts in financial services, and neither do we purport to be. We are simply two South Africans who have been in the cryptocurrency space for nearly five years and who during this time, have gained a fair bit of knowledge and expertise. We are able to identify between scams and legitimate cryptocurrency offerings and have a good idea as to which cryptocurrencies have a future and are worth looking into. We are able to provide hands-on guidance and practical assistance to anyone wanting to venture into the cryptocurrency space. We do not charge commissions and there are no hidden costs. We charge only for our time.
Now as a blogger, I’m well aware that blog articles are not meant to be advertisements and are not meant to “sell”. So my apologies for “promoting” Captains in Crypto. It’s just that people in South Africa – people who genuinely want to get into Bitcoin and cryptocurrency offerings– are often taken advantage of and battle to find someone trustworthy who they can turn to for impartial and honest advice, and practical training.
For the last five years, Derek and I have been involved in the building of two cryptocurrency businesses: Bitclub Network, and more recently, Karatbars International. In our four years of building a sizeable Bitclub Network team, we have come across so many instances of people stealing people’s money by offering to “help” them, it is not funny. Honesty and ethics have gone out the window, and as a result, good, honest South Africans (typically the aged and IT-illiterate) have become unhealthily distrusting of others. Not good!
Bitcoin and cryptocurrencies are, in our opinion, the future of money and can financially empower many South Africans ie those who equipped with the right knowledge.
Whatever you do, don’t believe that everything crypto-related is a scam, or high-risk. And PLEASE PLEASE PLEASE…do yourself a favour and DON’T believe everything you read on the internet!! Bitcoin and other digital currencies are legitimate, here to stay and CAN help you supplement your income! In our view, they are ABSOLUTELY worth looking into, and getting involved in.
Gerard Kavonic resides in Johannesburg South Africa. He has been in the cryptocurrency space for a good 5 years, together with his business colleague Derek. As a team, they have built sizeable teams in both Bitclub Network and Karatbars International. Their new venture, Captains in Crypto, is an educational initiative, aimed at educating interested South Africans in cryptocurrencies and smoothing their way into the crypto space, by for example, explaining cryptocurrencies in general terms, helping with the opening of bitcoin and other cryptocurrency wallets, securing bitcoin and other cryptocurrency platforms, assisting in buying and selling cryptocurrencies and introducing training and education platforms. Gerard can be contacted on +27 83 444 9888 and on email@example.com whilst his colleague Derek is contactable on +27 83 503 3620 and firstname.lastname@example.org The website address is www.captainsincrypto.co.za