If you invested in a single Bitcoin in 2017, heres how much youd have this Black Friday

Date:
Mon, 22 Nov 2021 19:51:17 +0000

Description:
Revix explains how a smart crypto investment will easily outclass any savings you might enjoy on Black Friday.

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In just a few years, Black Friday has gone from being a gimmick that American retailers used to drive pre-Christmas season sales, to become a global shopping event that many people wait all year for. With the heavy financial impact that the global pandemic has had, many people are more in need of a good deal than ever. Theyll be looking to upgrade to a newer TV that can display a few more pixels, or the latest iPhone - even though it may be near impossible to tell apart from the outgoing model.

In this article, wed like to propose a hard truth. Lets just get down to
brass tacks: No matter how good a deal you find this Black Friday, investing that money is always a smarter move. Sure, theres nothing like the quick hit that a bout of irresponsible retail therapy gives, but lets take a look at some figures that may put Black Friday spending in perspective. The truth about must-haves

These days, we connect with the world via our phones, right? Spending on something you use so frequently is a no brainer, right? Having the latest smartphone is a status symbol. It shows people you mean business, right?

Marketers have done a fantastic job of convincing us that we need the newest and best of everything, or were somehow falling behind. That its worth going into debt to avoid missing a great discount. The graphic below shows how the value of one of the most popular Black Friday items, a new iPhone, compares
to the equivalent value invested in Bitcoin over time. (Image credit: .)

Maybe youre the type of person who prefers reading a book to watching movies on your new 4k TV. Maybe your 90s Nokia has all the features you need from a cell phone. Perhaps you have no desire to spend on such luxuries and instead choose to lock your money into time-tested, responsible investments, like a house for example?.

If you manage not to break, drown or otherwise damage the iPhone 8 that you purchased in 2017 for R19 999, youll be lucky to get R6 499 for it on the second-hand market in 2021. Thats a loss of -67.5% over 3 years.

No one can be blamed for feeling a little dizzy when you learn that if you bought a Bitcoin, worth only R12 000 at the time you bought that iPhone, that investment would now be worth nearly a million Rand. A staggering +7 733% increase in the value of your initial investment. Put another way, if you bought Bitcoin with the R19 999 that you would have spent on an iPhone 8 in 2017, youd be able to buy 92 new iPhone 13s today.

See how even the most compelling Black Friday special cant hold a candle to the impact that an investment in Bitcoin could have on your net worth and
your lifestyle? Meh, I prefer Android anyway

Maybe youre the type of person who prefers reading a book to watching movies on your new 4k TV. Maybe your 90s Nokia has all the features you need from a cell phone. Perhaps you have no desire to spend on such luxuries and instead choose to lock your money into time-tested, responsible investments, like a house for example?.

While that mentality is certainly more financially astute, the world of
crypto has raised the bar far beyond anything that traditional investments
can compete with. (Image credit: .)

While real estate is still touted to be the safest investment that anyone who isnt an investment banker can make, its returns vs Bitcoin say otherwise. Based on the average appreciation of the South African Housing index, a house purchased in 2010 for R1 million would now be worth R1.5million. Not bad!

Until you learn that the equivalent investment in Bitcoin would be worth
1,011 times the initial investment now. In other words, had you rather chosen to invest your R1 million in Bitcoin, youd now have the capital to kickstart
a real estate empire by buying 1011 houses worth R1.5 million. Buy assets,
not objects

We all need somewhere to live and getting by in todays world without a smartphone is unnecessarily difficult. So while were not trying to suggest that you never buy these things, this Black Friday, ask yourself how much
more your money could do for you before you let retailers convince you that 50% off a new kitchen blender will literally change your life.

The great news is, Revix, a Cape Town-based crypto investment platform, is running a promotion specifically designed to kickstart your crypto investment journey this Black November. (Image credit: .)

Between the 19th and the 30th of November , Revix users get 100% off all buy-in fees on all assets available on the platform. You can invest in heavyweights like Bitcoin , Ethereum and Solana , but Revix also offers innovative Crypto Bundles .

These are essentially instant diversified crypto portfolios, specifically designed for investors who dont have time to keep up with the crypto market, but still want exposure to it.

Theres still time to be an early investor in the blockchain technologies that are redefining the world as we know it. This is your chance to remember Black Friday 2021 as the year you changed your financial future for the better.

Sign up at www.revix.com and put your money to work this Black Friday.

Revix is backed by JSE listed Sabvest and offers access to all of the individual cryptocurrencies and bundles mentioned in this article.



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Link to news story:
https://www.techradar.com/news/revix-07/


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