A Prestigeous Award for startups and startuppers

  • #ADMP NEWS & BLOG OF THE WEEK
    • #ADMP NEWS & BLOG OF THE WEEK
    • #CRYPTONEWS
    • INTERVIEW OF THE WEEK
      • ANALYSIS/OPINION OF THE WEEK
    • PRESS RELEASES
  • STARTUPS & FINTECH
    • #CRYPTOANALYSIS
      • LADIES OF THE #BLOCKCHAIN
      • #IRON MEN OF THE BLOCKCHAIN
      • #CRYPTOWARS
    • FINTECH
    • STARTUPS
  • ADMPers COMMUNITY
    • ABOUT US
    • A PROPOS (FR.)
    • OUR TEAM
    • E+BOOK POUR LE WEEK_END ??
    • PRODUCTS & EVENTS
  • SOCIAL MEDIA
    • #CRYPTOARTS
    • #ADMP PODCASTING (#STARCAST)
    • SOCIAL MEDIA
#Pretoria, South Africa

TEAM SOUTH-AFRICA: RISE OF THE CRYPTO-BAFANA??

Posted by admin on February 2, 2019 3:03 am / 4 Comments


#Bafana Tech :))What Drives Bitcoin Popularity in SOUTH-AFRICA?

THIS WEEK ON ADMP: We carry on our world tour, by stopping in Africa! South-Africa that is – Pretoria, to be precised !!

History and technology will always cross path in that part of the continent, and should always open up new ways to further dialogue and exchanges, as it was reminded to us, lately at the Satoshi roundtable (The ‘Bitcoin Maximalist Roundtable‘) in Mexico. 

Then…the internet ‘broke’ when Social media ‘Giant’, Jack Dorsey, the #Twitter CEO, whilst launching his new crypto payment API, #SQuare, revealed last week, that his favourite twitter handle ‘Of All Time’ was that of NBA ‘Super-Mom’, Barber Green! 

 

Yes!  The mother of Draymond Green, the basket-ball ‘power-forward’, who plays for the defending NBA Champions in the  USA, the Golden States Warriors!! –> https://twitter.com/BabersGreen

We checked it, then saw that Jack Dorsey was carrying the #LightningTorch, hashtag via his ‘Crypto-Twitter‘ feed…and guess what? ….

We agreed! :)) – #CT – #WoKe 

#BAFANA-TecH !

We also agreed this time, to open up #ADMP AWARDS, your beloved Award-winning Blog, to our Guest-Blogger Eric Furstenberg! A Bitcoin ‘Maximalist‘  with a strong  Forex trading expertise in South-Africa, the Afro-continent and globally, should bring a new insight into Bitcoin, blockchain, Trading, Bitcoin Trading, ForeX Trading, etc…

 

GUEST-BLOG by Eric Furstenberg Tradex Expert.

Editor: #HMD

 

In 2018, South African (SA) residents were more inquisitive about bitcoin than any other country in the world.

 

Why is SA more interested in this volatile cryptocurrency?

And what is the most important factor that dictates bitcoin popularity?

#LightningTorch

1. #GOOGLE TRENDS ? 

South Africa topped the ‘AfrotecH’  Google Trends list of searches for bitcoin in 2018, with the North West province in …first place ! 

Western Province ElephantsIn South Africa, you could often see infrastructure falling apart, destructive protests, sometimes sewage in rivers, strange or scandalous behaviour in parliament, even illegal occupation of land, and government officials indulged in large-scale corruption.

 

#Bitcoin & silver/Commodity Trading

Political volatility, Crime, Violence, and Land Reform?

Crime and violence rob the country of billions of rands each year and in numerous cases, racial discrimination sometimes dictates whether you’re fit for a particular job or contract.

(Rand: South-African FIAT Currency – 1 ZAR=$0.0751 ) 

ALIYA #3

Pic: #ALIYA, courtesy of #ZeBraComiCS

 

Politically and socially, South Africa is clearly in a fix, or at a crossroad.

Besides this, the South African economy recently experienced a technical recession and is struggling with a severe drought in many areas.

A greater concern than the drought, however, is that the African National Congress (ANC), the ruling political party,  might make an amendment to the SA constitution to allow land expropriation without compensation.

 

 

#LNTrustChaiN 

2. IT’s ALL ABOUT THE #RAND, BABY!!

→ Could South Africa be the next Zimbabwe?

 

Where will the value of the rand be 2, 5, and 10 years from now?” (EF.)

 

Are all these headwinds the cause of South Africa’s comparatively high interest in bitcoin?

Or, did South Africans just have a bigger appetite for crypto speculation in 2018, than say… ‘The rest of the world? ‘You have little power over what’s not yours.‘ says a Zimbabwean idiom… 

–> Let’s take a look…

 

Pic: Logo #Tradex

 

Erm… it’s Not... the Recent recession! 

Although some online resources state that the recent economic recession played a big role in South Africa’s comparatively high interest in bitcoin, it is really not the case.

As a matter of fact, since bitcoin’s invention, South Africa has mostly been in either first or second place when it comes to searching for ‘bitcoin’ online. So, for South Africa to have taken first place in 2018 is actually not unusual.

Especially now, as we enter the longest ‘Bear market‘ for #Bitcoin trading, since its inception, in 2009, as per the Satoshi protocole. 

 

Goedkoop is duurkoop !! 

(‘Cheap is expensive’ – Afrikaan idiom) 

3. #VOLATILITY?

Infogrqphic evolution of #Bitcoin

The evolution of #Bitcoin

 

 

 

However, we should keep in mind that bitcoin isn’t guaranteed to increase in value!

 

Neither is it guaranteed to have any value in the future.

Besides that, there are better ways to hedge yourself against adverse situations like these without exposing yourself to the extreme volatility of bitcoin.

TIME FOR #ZIPCOIN, or ABRA ? 

–> Remittance cryptocurrencies like Zipcoin, for exemple,  could be a good hedge against that volatility;

Zipcoin offers you remittance and money transfers service across continents like Moneygram or Western Union, using crypto-technology and utility tokens. 

So does ‘smart crypto network’ like  abra.com, which can provide all-in one appp that enables you to invest in ‘classic Wall street’ stock

–> Think ‘Apple’, ‘Google’ shares available to you, ANYWHERE IN THE WORLD, as long as you download the App, for as low as $10 in FIAT currency or via #Bitcoin !! 

–> Thus ‘threatening’ the entire 20th century #Fintech Ecosystem, which is still limited by geopgraphic borders.

(Volatility: When #Bitcoin’s value goes through extreme ‘swings‘ up and down)  

 

 

CRYPTO VIRTUE-SIGNALING ? 

It doesn’t make sense that a multitude of South Africans would flock to bitcoin for safety: 

Although at some stage, its sharp increase in price, coupled with talks that it would hit $1,000,000 in the near future, made it the ultimate safe-haven asset and hedge against potential serious trouble in the country, in the minds of uninformed and naive individuals.

 

Moreover, there were also reports of some South Africans putting their trust in bitcoin as a backup against surging troubles:

 

 it is NOT  the most important reason for SA being more interested in bitcoin than the rest of the world in 2018 ! 

 

 

4. TAX OPTIMIZATION? 

Yeah…What About Tax Evasion?

South Africa’s onerous tax process and high tax rates discourage people from paying tax in South Africa, especially because large amounts of collected tax  often ‘disappear’ and/or ‘are mishandled’ by officials. :)) 

 

 

 

Bitcoin appeals to many people who try to evade tax, especially because it can be sent basically anywhere in the world and because many people believe bitcoin transactions cannot be traced.

–> We can confirm that they can! : Just try our Bitcoin tracker here !!

While tax evasion has drawn some people to bitcoin, it surely isn’t the most important reason for interest in bitcoin.

 

Whether it is ‘Tax evasion’, or ‘Tax Optimisation‘, when ‘legal’ or ‘Tax Avoidance‘/’Tax evasion‘, when ‘illegal’ … –> Let’s not forget that bitcoin is not the only tool, and definitely NOT the most COMMONLY USED tool, available to tax evaders (#ADMP).

 –> Tax evasion and fraud, existed way before #Bitcoin was created (2009)!

( Courtesy of Alexandru Zdrobău)

 

5. SPECULATION? 

Without any doubt, bitcoin’s massive price increase is the single most important factor that has caught the world’s (and SA’s) attention.

This becomes crystal clear when we look at Google Trends data and the historical price of bitcoin.

Here are some really interesting charts…

Bitcoin price chart, 2017/01/01 to 2018/12/31. (By Coinmarketcap.com)

 

END of Part 1/2

 

Electronic counter-punch by GUEST-BLOGGER Eric Furstenberg Tradex Expert.
Editor: #HMD

 

 

 

FOLLOW  FOREX TRADING IN SA :

 Website:    http://www.tradeforexinsa.co.za/ 

 


  

Hermann Djoumessi
Hermann Djoumessi, MA-Fintech social Media Consultant #ADMP
Mireille KOOH,ADMP Senior Social media analyst
Nassim Belouar, ADMP Senior Crypto-analyst
Nassym Louradi, entrepreneur, Crypto-analyst
ADMP Webmaster, Founder Vocalang

—————————————————————————————————————————————————————————————————

ADMP is SELF-FUNDED, PLEASE TIP US:

If you like what we do and want to support ADMP and the crypto ecosystem we are trying to build with many startups, then support our effort by tipping us below:  

Bitcoin:    

1Je3KDzjccEf1XiQmezTiBPsSGfjPF98ev   

Ethereum:    

0x54Da36497331a2f467947422C19b97ED286fA9A8


FOLLOW #ADM ON SOCIAL MEDIA:

#ADMP on Twitter: #ADMP Awards

#ADMP on Facebook: #AFRIK+DIGITAL MARKETPLACE

#ADMP on Telegram: https://tchannels.me/c/admpawards

#ADMP on Medium: https://medium.com/@admpawards

#ADMP on Reddit : https://www.reddit.com/user/admpawards

#ADMP on GooGle+: Team ADMP

#ADMP on Whatsapp: #ADMP Projects

#ADMP on Linkeldin : AWARDS ADMP

#ADMP: www.admpawards.biz

Related posts:

  1. CRYPTO WARS EP6 S1: THE RISE OF CRYPTOJAPAN ? 1. THE ELEGANCE OF THE PROTOCOL – プロトコルの寛大さ – Oleg...
  2. #ADMP PRESENT: TALES OF THE CRYPTOWARS – S1E1 0. ZIMBABWEAN 2017 CRYPTO-BINGE? Let’s take a DRONE-VIEW from history,...
  3. CRYPTOWARS EP8S1: BEYOND THE GREAT ELECTRONIC WALL OF CHINA! … PREVIOUSLY on CRYPTO WARS: In the latest episodes (From Episode...
  4. BLOCKCHAIN & MUSIC INDUSTRY: CONNECTING ART & TECHNOLOGY ? BREAKING NEWS (UPDATED VERSION) : Today, we are glad to...
TAGS #Addo-line, #ADMP-tout-puisant, #Afrotrap, #AlgonomicS, #Black Friday, #Google Trends, #ICDEC, #Kaizer Chiefs, #Konnichiwa, #Springbok, #Tradex, #Wallabies, All mighty #ADMP, Bafana-Tech, bitcoin, Bitcoin volatility, Business, Cape town, crypto, Data, Durban, EFF, electronic counter-punch, Eric #Furtensberg, Ethereum, Expert, Facebook Gather, Guest-Blogger, Hermann Djoumessi, Jo'Burg, Land reform, Mandela, Pretoria, Rand, south-Africa, tech, Tokenomics, Zimbabwe, Zimbabwe Black #FridaY
SHARE

Related posts:

  1. CRYPTO WARS EP6 S1: THE RISE OF CRYPTOJAPAN ? 1. THE ELEGANCE OF THE PROTOCOL – プロトコルの寛大さ – Oleg...
  2. #ADMP PRESENT: TALES OF THE CRYPTOWARS – S1E1 0. ZIMBABWEAN 2017 CRYPTO-BINGE? Let’s take a DRONE-VIEW from history,...
  3. CRYPTOWARS EP8S1: BEYOND THE GREAT ELECTRONIC WALL OF CHINA! … PREVIOUSLY on CRYPTO WARS: In the latest episodes (From Episode...
  4. BLOCKCHAIN & MUSIC INDUSTRY: CONNECTING ART & TECHNOLOGY ? BREAKING NEWS (UPDATED VERSION) : Today, we are glad to...

#ADMP CONTENT SEARCH

CRYPTO JACKSON#5 INDEX

Bitcoin, Dashcoin, Ethereum, Litecoin, Monero, Ripple

#ADMP LATEST POPULAR POSTS

The 4 most visited posts in last 42 days:
  • HOME 2155
  • #BUZIGO:BUSTING THE INTERWEB!! 1029
  • #NLC2: THE 1ST SPORT-BASED CRYPTO COIN? 330
  • #FACEBOOK2.0: ENTERING THE #BLOCKWEB SOCIAL MEDIA? 264

CRYPTO JACKSON#5 INDEX

Bitcoin, Dashcoin, Ethereum, Litecoin, Monero, Ripple

AFRIK DIGITAL MARKET+PLACE: Accelerate your startUp globally to more than 40,000 tech professionals worldwide !

#ADMP ENGAGEMENT COUNT

  • 1984This post:
  • 919969Total reads:
  • 6029Reads per month:

RSS #BDB1: BLOCKED-DOWN BLOCKCHAIN POD’

  • #BDB8: Stanislas #MAKO = #KALART and the RISE of #TOKENARTS !! November 23, 2021
  • #BDB7: Fata HASSANI = LAEKA, #Blockchain et #CHATFLUENCE !! June 27, 2021
  • #BDB6A: Nicolas CANTU ! #Supply chain and Blockchain technology September 8, 2020
  • #BDB0: JORDAN, co-founder #AAVE September 4, 2020

#ADMP CONTENT VAULT

#ADMP Latest Comments

  • Adult Chat Rooms And Cams on THE ‘MAGIC SYSTEM’ OF UKAOMA MICHAEL
  • MBBS Admission in Russia on RANTING WANG (#NEOPLACE): BLOCKCHAIN IRON LADY#1 – PART ½ –
  • Dettifoss IT Solutions on CRYPTO: COULD YOU CROWDFUND WITH #WESUCCEED ?

# ADMP FB Widget

Facebook

4 Comments

  • sirglio frei October 10, 2019 at 3:06 AM Reply

    Thanks for every other informative blog. Where else could I am getting that kind of info written in such an ideal method? I have a challenge that I am simply now working on, and I have been at the look out for such info.

    • borderlinetv2013@gmail.com October 10, 2019 at 3:25 PM Reply

      ** Many Many Thanks!
      Please get in touch, here:
      teamadmp@gmail.com

      #TeaMADMP

  • humayoun August 9, 2021 at 10:57 AM Reply

    Nice article i really like this

  • Alexa October 8, 2021 at 7:35 AM Reply

    Nice one thanks for sharing it

Leave a Comment Cancel reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post
Next Post

#ADMP ALL TIME USERS COUNT

  • 919969Total reads:

© 2019 All rights reserved.ADMP

About us

ADMP Awards is the first site to promote the top African startups and entrepreneur! Context: Ecosystems startups and incubators in Africa. Purpose: Celebrate the best of African start-ups and pride themselves! Objective: To offer maximum visibility to start-ups and entrepreneurs in Africa - All of Africa (East-West-North-South-White-Black, Diaspora, ..)

Contact us

teamadmp@gmail.com

#ADMP awarded TOP100 STARTUP BLOG by #FEEDSPOT (San Fransisco, USA)!! 🌐🎬🕸️🤔🤣📺--> - Check here

Tweets by TwitterDev