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US Lottery Winner Invests USD 250 000 in Bitcoin

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US Lottery Winner Invests in Bitcoin

A resident of Illinois, United States, won US$500,000 (approx. R 7,5 million) with a scratch ticket in April 2019. When this Illinois millennial won, he posted a picture on Reddit, stating he has won the lottery and will invest half of his winnings into BTC in May. With Illinois being one of the highest-taxed states in the US, he only invested more or less $178,500 (approx. R2,7 million), after-tax deductions.

His plan for at least a year, is to HODL the investment, as he has enough money set aside for himself and any emergencies. With his winnings, he also bought a new car for himself and paid a deposit for a new house. Comments on his posted picture, was that he should have invested all of his winnings, not just half of it and that he is taking a huge risk for sharing his winnings on the internet, making himself a target for crime. 

A comment that one of the crypto community members brought to light, was that some people might associate bitcoin with lottery. Which is obviously not the case. However, Bitcoin Lotto does exist, it is a cryptocurrency lottery, launched for the first time in 2017. You have to match 6 numbers out of 49 balls, based on the six numbers drawn on Bonolotto, an official Spanish Lottery. The draw takes place 6 times a week (Monday – Saturday).

Before you invest in bitcoin, do the following:

bitcoin adoption Get all the information: It is important to have all the necessary information about the cryptocurrency market before you enter it. Make sure you understand how to buy bitcoin, where to buy it and how to sell it.

Where to invest: There are so many cryptocurrencies to invest in, in August 2018 there were 1800 cryptocurrencies. There is no guarantee that all of them will grow over the years to come. Maybe you want to start with the well-known currencies, like bitcoin, or maybe you want to test the water and start with the less known, that has potential in the future. Wherever you decide to invest, do your homework and have a good reason why you want to invest in the specific currency.

The best time to buy: bitcoin is a global cryptocurrency and is not affected by the financial situation, or stability, of a single country. Here you can do research and analyse bitcoin’s price history. Like any investment market, there is no right time to buy.

Guard your assets: This should be your top priority. Cryptocurrencies are exposed to theft just like any other asset. In order to access your investment, you will have a private key. Make this key impossible to hack and keep it locked up in your cold storage wallet.

The risk will always be there when it comes to investing your money. It can either skyrocket and you can smile all the way, or it can drop and you lose everything. Follow these guidelines when you are planning to invest in bitcoin.

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30% Club – A Trading Club for Nigerian Millennials

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30% Club

30% Club – a crypto trading club created for millennials – has launched its platform after six months in stealth mode. The investment club aims to be the go-to for educational and advisory resources for digital assets. By breaking the barrier to crypto investing we serve as a bridge for Nigerians looking to profit from crypto. 

The club is non-custodial which means members handle & manage their capital personally. 30%Club does not invest nor trade on behalf of the public. We simply provide educational and advisory services to our members. Users who sign-up have access to a dashboard with educational resources, market insights, instructional videos & trade signals. 

30% ClubCrypto is a next-generation asset class, the club helps you navigate profitably in this wild, volatile but lucrative market. We simplify crypto trading, breaking down the skill barriers while bridging the knowledge gap. The club provides a seamless educational experience & on-boarding into crypto trading. Our trade signals target 30% accumulated returns within 6-12 months.

Davidson Atere-Roberts, founder of the club, adds we are extremely bullish about the long term prospects of Bitcoin as an asset class. As the digital asset industry matures there are still regulatory & adoption challenges also quite a lot of scams tbh. The problem the club is trying to solve is clear, Crypto is complex so most folks who want to dabble are confused and scared not forgetting the trauma from the last crypto bubble burst. Our value proposition is precise: simplifying crypto investing while employing disciplined trading strategies.

Join us at the trading club that helps African millennials profit from crypto! 

You can access the 30%Club on www.30percent.club and interact on Twitter @30clubng.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Blockchain Africa Conference 2020 Announces Investec as Premier Sponsor

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Blockchain Africa Conference 2020

Bitcoin Events is elated to announce that Investec Private Banking is the Premier Sponsor to the Blockchain Africa Conference 2020!

Investec provides specialist banking, wealth and investment, and asset management services. It started as a small finance company in South Africa in 1974, and today it is an international organisation trusted to manage clients’ assets worth more than £150 billion.

As sponsors of Blockchain Africa Conference 2020, we believe in the potential of cryptocurrencies and blockchain technology and how it will possibly shape currency, banking, and investments in the future. As such, we support innovation and forward-thinking in this space. We’re excited that Blockchain Africa will be a platform for networking opportunities, global thinking, and thought leaders. We are also proud that Investec will host the event and that our own thought leaders will be part of the forum and will hopefully lend a unique perspective to the event,” said the Investec Private Banking representative.

We all understand that technology brings change. But how we experience, interpret and respond to that change is as important as the change itself. We need to understand where we are headed and why, and the impact of progressive technology on individuals, institutions, and society. 

Here is a company which stands head and shoulders above its peers, not merely because of its phenomenal growth or its sound management of assets, but because it is a trendsetter,” said Nelson Mandela at the opening of the Investec building in Johannesburg on 21 October 1998.

We look forward to partnering with Investec in this year’s Blockchain Africa Conference and hearing the Private Bank’s unique perspectives on blockchain technologies.

Introducing Keynote Speaker Chris Becker

xxChris Becker is Investec’s blockchain technologies specialist and focuses on product development and strategy for the private bank. Before moving into this role, his career spanned more than a decade as macro-economic strategist to institutional asset managers, hedge funds and commercial bank FICC desks. Chris co-founded Mises Institute South Africa in 2011 and holds an undergraduate degree in Politics, Philosophy and Economics from Stellenbosch University. 

Chris will be addressing the conference delegates on ‘Banking on Blockchain’.

 

Cut through the hype and join us for great networking opportunities and thought-provoking discussions.

Secure your seat at the Blockchain Africa Conference 2020.<< REGISTER NOW BUTTON here. >>

New Featured Speakers and Conference Programme is Now LIVE

Derivatives trader Tone Vays is also a keynote speaker and will be joined by other exciting speakers such as Simon Dingle, Carmelle Cadet, Akhona Damane, Prof. Sope Williams-Elegbe, Bronwyn Williams, Jonathan Galea, Obi Ejimofo, Michael Glaros, Jean-Paul Fabri, Michelle Chivunga Nsanzumuco, Clark Thompson, Dr. Nthuthuku Bhengu and more who you can view here.

The event includes an exciting and thought-provoking programme, ranging from talks on Self-Sovereign Identity (SSI), the role of blockchain and AI in a country’s digital transformation, blockchain-based food tracking systems, how blockchain is disrupting traditional business processes in supply chains and trade finance, central bank-backed digital currencies for regional payment systems, South Africa’s plan for dealing with blockchain technology and more.

Don’t miss out on Africa’s leading blockchain conference taking place on 11-12 March 2020 in Johannesburg, South Africa!

About Bitcoin Events

Since inception, Bitcoin Events have cut through the hype and challenged the critics to educate, upskill and drive long-term thinking on the strategic benefits of cryptocurrencies and blockchain technology for businesses, governments, citizens, and society. View photos and videos of the past conferences.

For more information on the Blockchain Africa Conference 2020 visit our website www.blockchainafrica.co or email us at info@blockchainafrica.co

See You at the Blockchain Africa Conference 2020 in Johannesburg!

<< REGISTER NOW for the Blockchain Africa Conference 2020 >>

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Announcing the Whive Protocol Launch Happening on February 2, 2020

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Whive Protocol

NAIROBI, JAN 02 2020/BITHUB AFRICA/ — BitHub Africa, the leading Pan-African blockchain Accelerator, is announcing a launch for the Whive blockchain protocol happening on February 2, 2020.

Whive IO is a peer-to-peer blockchain protocol that is incentivizing the building of sustainable energy solutions through Trustless Rewards.

WhiveThe protocol achieves this through a hybrid Proof-of-Work (POW) and Proof-Of-Stake (POS) consensus algorithm that favors devices with CPU(small) processors and are located in regions with a higher Solar capture reliability index. The protocol enables the adoption of solar energy use especially in under-served regions of the world like Africa.

BitHub Africa has previously open-sourced its curriculum for blockchain engineering which is based on classes curated from the two-year experience of researching and developing the protocol.

This engineering course will ensure our community of African developers, entrepreneurs, and key institutions will be able to understand and adopt blockchain technology sustainably.

There shall be no Initial Coin Offering (ICO) or Pre-mine for the Whive protocol, which is now available on public test-net. If you would like to contribute to the adoption of blockchain technology across Africa, download the latest software release by following the links below:

Whive Protocol Website: https://whive.io and Telegram Chat: https://www.t.me/whiveio

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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