Due to my online presence and the fact that I blog regularly on Bitclub Network, I receive calls, emails or whatsapp messages daily.
Most of them go along the lines of “I want to join Bitcoin” or “I’m interested in joining Bitcoin club” or “Tell me about Bitcoin Network”.
So, just to be clear and upfront: there is a huge difference between “BITCOIN” and “BITCLUB NETWORK”.
In essence, Bitcoin is a free-standing cryptocurrency, and the world’s most well-known cryptocurrency. (There are more than 2000 cryptocurrencies). It works off its own Blockchain, and is a currency, a store of value and a means of payment. (Much in the same way as the Rand, dollar, yen, pound and euro are means of payment).
It’s simple to buy Bitcoin, and you certainly don’t need an outsider to help you to do so. Just go to (for example) www.luno.com, register a free account, upload your KYC documents for verification purposes, and fund your account with rands. (It can be as little as R10, although truth be told, R10 won’t buy you much bitcoin..)
On opening an account, you’ll be given a Bitcoin wallet (BTC wallet). After funding your account, you can proceed to buy Bitcoin (also known as BTC). The Bitcoin you buy will appear in your Bitcoin wallet. It’s a process that could take you just a few minutes.
What does buying bitcoin have to do with Bitclub Network?
Nothing. Because Bitcoin is bitcoin, and Bitclub Network is a Bitcoin mining operation, with bitcoin mining pools: an operation in which people buy shares in its mining pools.
Yes, you might need Bitcoin to buy these shares, but it’s important to understand that Bitcoin and Bitclub Network are two separate entities. Unrelated.
As it turns out, the vast majority of people contacting me are looking for help on Bitclub Network, or are needing my advice on Bitclub Network – and NOT Bitcoin. They just get the name confused, thinking the name BITCLUB NETWORK is BITCOIN NETWORK, or just BITCOIN.
It’s not, but it’s no biggie..and I quickly correct them.
Mostly what they want are answers to questions like: What does Bitclub Network do? Is Bitclub Network legit? Is Bitclub Network worth joining? How much does it cost to join Bitclub Network? How much can one expect per day from buying a share in a Bitclub Network mining pool?
My answers to these questions are typically:
Bitclub Network mines Bitcoin on behalf of its members around the world.
Bitclub Network is legitimate, yes.
Bitclub Network is only worth joining if your intention is to introduce others and build a team.
The minimum cost to join Bitclub Network is $599.
It’s impossible to even guesstimate earnings per day.
Explaining things further, I explain that Bitclub Network is a legitimate Bitcoin mining operation due to the fact that its mining activities are visible on the Blockchain – see the hashrate distribution piechart on www.blockchain.com Aside from the recent past (and I have written recent blogs on this issue), Bitclub Network has always appeared in the top 10 bitcoin mining pools in the world. So its legitimacy is unquestioned.
With regards Bitclub Network being worth joining…well, I believe that this is open to question. I am one of those people who believe that until its mining earnings improve significantly, Bitclub is NOT worth joining. Unless your intention is to introduce others and build a team. Why so? Because Bitclub Network’s compensation plan is excellent. It’s just that its mining earnings are sub-par. I have been a member of Bitclub Network since 2015. When I joined, the mining earnings were exceptional. For the last year or 18 months, they have been more than disappointing. So much so that buying a share in one of the mining pools just does not make sense to me currently.
This of course does not mean that Bitclub Network is a terrible organisation, or some sort of scam. It just means that its mining earnings are at the present time not exciting, and that AT THIS TIME, there may be better places to put your money should you be interested in investing in the cryptocurrency space.
We provide this type of advice through our new venture, Captains in Crypto. See our work-in-progress website www.captainsincrypto.co.za Through Captains in Crypto, we introduce “newbies” to cryptocurrencies, explain what cryptocurrency is, help with the opening of accounts, assist with the buying of, for example, Bitcoin, help secure accounts with Google Authenticator to protect against hackers, and give guidance pertaining to what to do with one’s Bitcoin once it has been bought and is in a Bitcoin wallet. We meet with interested persons and “hold their hands” so to speak. This to engender TRUST, which is hugely important in the cryptocurrency space. (There are far too many dubious operators around!).
In my opinion, Bitcoin is well worth getting into. It’s been around for more than 10 years and has proven its resilience over the years. Many a time has it “crashed” only to bounce back to reach even higher highs….
It’s volatile for sure, but as the saying goes: High risk, high reward…
For me, more important than just holding Bitcoin though is WHAT TO DO WITH IT once you have it? Put it into Bitcoin mining? Put it into Bitcoin trading? Or use it to buy into a cryptocurrency that’s backed by something tangible ie something like gold?
Once we have Captains In Crypto up and running, we’ll be able to advise as to a best way forward….
Gerard Kavonic was one of the first people to join Bitclub Network South Africa in 2015. He has the rank of Master Builder. He has two websites: www.bitclub.co.za and www.bitclubblog.com Anyone wanting to join BitClub Network as a paid member must register as a free member first. If you’ve already been introduced to BitClub Network, you should register under that person. If you don’t have anyone to register under, you’re welcome to join under username GERARD or on the following link: https://bitclubnetwork.com/gerard/signup.html Gerard and his business partner Derek are also in the process of launching their CAPTAINS IN CRYPTO business. See www.captainsincrypto.co.za Gerard can be reached on +27 83 444 9888 and on email@example.com and firstname.lastname@example.org