Hello i was wondering why is there a huge price difference between bitcoin in south africa and usa for example on local bitcoin south africa average price is 3380 zar which is 246 usd while on coinbase it is 230 usd for 1 bitcoin. Maybe this could be a business opportunity buying and reselling bitcoin?
We live in a small town of Hermanus in South Africa. Its only claim to fame is that it is known as the Whale Watching Capital of the World. Nice, except the locals do not eat whale. In our small town of less than 95 000 people, more than 35% are unemployed, 75% of households /r/bitcoin_uncensored
Shipping Starting at $5.5 with tracking but free if you buy enough. Should take 7-14 working days if it takes longer contact me and I will initiate an investigation. If they conclude the package is lost I will do a full refund but it will take up to a month so you'll need patience. Faster courier services are available with starting ranges of $40-85 increasing by weight, and DHL can access some areas my local post administration cannot. SEE HERE for where I am allowed to ship to by airmail. For instance, I can ship to all of the US now but I still can't ship to Russia, South Africa or South America. Please check first before purchasing to avoid disappointment. Payment
Paypal FF no notes Paypal will charge an additional $5 for international payments.
Paypal G&S +4.4%
Bitcoin - I can offer better prices due to the fair exchange rate and no fees, more willing to negotiate too.
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
I read this article, was just wondering if there were any informed sots takes on this. https://news.bitcoin.com/6-billion-akon-city-akoin-cryptocurrency-empower-africans/ https://www.youtube.com/watch?v=BH1nCVG4tSQ https://www.youtube.com/watch?v=pnEoX5GsXSQ So Akon, the prolific Senegalese- American RnB rapper of early aughts fame (hit song "Locked Up")... I guess he got super rich off of signing Lady Gaga early on so he gets a big chunk of her royalties and invested this into other businesses like music labels and wow ok he is "the number-one selling artist for master ringtones in the world." So he got super rich off the music biz,,,but I guess still not a billioniare? i dont remember seeing him on the lists of black american billioniares, iirc there are only 5 or 6 in America with Jay-z and Kanye being two of them? Yeah i checked , akon never made the list. Any way so he started doing philanthropy in africa , good for him, providing electricity and a charity for underprivileged kids. whoa hold up he also owns a diamond mine
Akon owns a diamond mine in South Africa and denies the existence of blood diamonds (also known as "conflict diamonds") saying, "I don't believe in conflict diamonds. That's just a movie. Think about it. Nobody thought or cared about conflict diamonds until Blood Diamond was released." However, he has since stated that he does accept that blood diamonds exist, and that he is partial-owner of an African mine that is dedicated to avoiding use of blood diamonds while also donating profits to local communities.
But the interesting SOTSy part is supposedly he was inspired by Black Panther, a marvel product hollywood film created by white execs that sold the dream of a futuristic dream city nation existing in Africa, Wakanda....he was inspired by the fictional Wakanda to create his own city , Akon City, a proposed tourist city with its own crypto:
In 2018, Akon announced he was working with the Senegalese government to build a tourist-city with a cryptocurrency-based economy named Akon City. At the time, it was said that three square miles of land minutes from the Blaise Diagne International Airport and around 50 kilometres from the capital of Dakar was given to Akon by Senegal president Macky Sall. It is said to be currently under development, and will be the first 100% crypto-based city with Akon's own cryptocurrency, Akoin, at the transactional center. On January 13, 2020, Akon shared on Twitter that the agreements for his city in Senegal have been finalized and the project is underway. He captioned a photo of himself with Senegal president Macky Sall "Looking forward to hosting you there in the future."  Akon had been planning the crypto-city since 2018. The city plans on trading exclusively in Akon's digital cash, known as Akoin. The city is five minutes away from the Senegal International Airport. In June 2020 it was announced that the engineering and consulting firm KE International (the same firm responsible for building MMTC) had been awarded a $6 billion contract to build the city. Phase 1 of construction, which is to be completed in 2023, is to include roads, a hospital, residences, hotels, a police station, a waste facility, a school, and a solar power plant.
so..., some cheesily hyperstitional elements to this construction plan of a dream city, but also the racial aspects to the equation are bizarre - Hollywood using their own propaganda to sell an idpol dream, which inspires a rags to riches neo-capitalist to create a tourist city with crypto as a main selling point, funded by ring tones, blood diamonds, lady gaga. I wonder if there are weird shenanigans behind all the money funding the city, or any occult elements.
Buying Bitcoin Internationally and Selling it locally is a great way to make money!
A lot of South African's don't know this but the price of Bitcoin in South Africa is higher than in other parts of the western world. Usually by about 5%. You can take advantage of this and make money by buying overseas at the cheaper price and selling locally at the higher price. As long as your costs are less than the opportunity you are in the money. I have recently launched a website SABitcoinArbitrage.com which details the process in Multiple videos and an in depth guide PDF. Please sign up for my mailing list and message me here if you need any information about the process. Have a great day SA
FF News: Bollywood Mafia 'linked,' to SSR Murder...??
“Captain Covid,’ investigates “Sudden death,’ of Sushant Singh Rajput…?? by Fehmeda Thokan (13 September 2020) Captain Covid, Mr. Omar Abdulla South Africa’s leading Covid warrior arrived in Mumbai last week on investigations of the ‘sudden death,’ of Bollywood Superstar, Sushant Singh Rajput. Rajput who was found ‘hanged to the ceiling fan,’ of his Bollywood apartment Is said to have been murdered by his girlfriend Rhea Chakraborty. Chakraborty who spoke to Footprints in Mumbai, says that she loved Sushant and never meant to harm him by feeding him drugs that could lead to his death. “It was suicide, he could not take the pressure, he was heart-broken, and he was not making money in Bollywood. He was planning a career in farming.’ Abdulla who met with Sushant earlier in 2016, says that Sushant was becoming The King of Bollywood after previous hero’s Shar Rukh Khan, Salman Khan, Aamir Khan and Saif Ali Khan was falling. “Perhaps it was the Bollywood Mafia who killed Sushant or his devious fiancé, Rhea.’ Speaking to The Bollywood Times, local businessman Mr. Iqbal Sookal, noted that It’s been f o u r months of investigations by The Mumbai Police and CBI, and yet India cannot ‘come to terms,’ with the death of Sushant Singh Rajput. “Everyday I shed a tear because of the murder that took place. We pray for justice for Sushant and bring their murderer killers to justice.’ The Omar Abdulla Group which owns shares into Bitcoin SA, Forex SA, Instagram SA, TikTok SA, Jobs SA, Footprints SA and other shareholding is said to be one of South Africa’s leading and fastest growing companies. “With Covid cases throughout the world coming down, markets are starting to boom, and we could see an even bigger jump in growth December 2020.’ the company read on their website. Another resident Ms. Farah Ramlall who spoke to India Today leaped that the death of Sushant will be mourned by millions of his fans throughout the world. “India has lost an iconic hero during these tough Covid Times.’ Whilst markets start to open up and boom, The Omar Abdulla Group continues to bring future news and investments today, with ongoing interest into the Asian and European markets. “One has to learn from the story of Sushant that one day one can have everything and the next nothing. Lets invest wisely into our futures, so that we protect the ones we love.’ Poked The Saturday Star. Captain Covid, Mr. Omar Abdulla ended by saying that he was ‘happy,’ that world cases were coming down, amid a vaccine being found soon. “Whilst thousands have died from Covid, we should remember the story of Sushant Singh Rajput to honour our heroes during these tough times…’
Buy and sell Bitcoin & Ether in South Africa. Buy Bitcoin (BTC) Bitcoins are held in Escrow to protect you as a buyer as only the buyer can cancel the trade. Bitcoins are released upon confirmation of payment being received. Bitcoins are delivered immediately to your chosen Bitcoin address upon release from Escrow. Transactions handled by Localbitcoins.com, trusted world-wide. Buy Now. Buy ... Bitcoin South Africa. Welcome to the Bitcoin ZAR website, a place for people living in South Africa who are interested in Bitcoin.Before you start, please Join our bitcoin community for South Africa on Facebook and twitter, to keep up to date with our daily bitcoin news and information.. We also have a Telegram chat group where we discuss and help each other with bitcoin and cryptocurrency. South Africa leads the pack by a huge margin, as it currently has 7 bitcoin ATMs. The seven bitcoin ATMs in South Africa are spread across 5 cities. Cape Town is first with 3 ATMs, Pretoria is second with 2 ATMs, Johannesburg and Nelspruit have a single Bitcoin ATM each. Most bitcoin ATMs in South Africa operate as bitcoin withdrawal channels ... Buy Bitcoin with South African Rand (ZAR) Sign up for free Browse Offers: Bank Transfers, Online Wallets, Remittance, Other Payments . Showing results 1 - 44 of 44 ← 1 → Seller Payment method Price / BTC Limits; Athi25 (30+; 100%) National bank transfer: South Africa 204,600.00 ZAR 3,000 - 70,497 ZAR Buy abaasi (1000+; 99%) Transfers with specific bank: ️FNB ️STD ️NEDBANK EFT / ATM ... National bank transfer: South Africa 214,000.20 ZAR 5,000 - 2,000,000 ZAR Sell sodiqabayomiA1 (3000+; 100%) Transfers with specific bank: FNB EFT AND INSTANT PAYMENT /NO E-WALLET ...
Luno Tutorial. How to trade or buy Bitcoin in South Africa ...
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