There is no doubt that Bitcoin is getting popular in South Africa by the minute. The crypto has always been at the top of the market and this is what made Bitcoin a huge hit in South Africa in the past few years.
July’s Bitcoin crash has opened up a lot of opportunities for people to make the most of their investments. The number of traders has grown, and investors are getting smarter as well. Bitcoin has been an avenue for many people to earn some profit no matter how small it is.
This makes a lot of sense. A lot of people have benefited from this trend such as punters who are on their preferred best bitcoin casino in South Africa. There are many ways to earn with Bitcoin in South Africa. Here are some of them:
Crypto arbitraging is one of the best ways to offer great returns with very low risks. In South Africa, it is very effective to make some profit due to the varied prices among many exchanges. There is also a difference in the price of Bitcoin in US dollar (USD) and South African rand (ZAR).
Buying BTC with US dollars is easier than you think. Crypto traders have used this flaw as a way to enter a market either to enter a bullish market or even a bearish one. Depending on the trader, the ones in South Africa see this move as a very viable option in the long run.
All you need to do is to buy BTC with USD on a foreign trading platform and then exchange it for ZAR. That is instant profit that can be done multiple times as long as Bitcoin’s value does not dip that much.
Swing trading is a move where you predict the price movement of an asset from a set period of time. It is usually within days or weeks, depending on the value that you are looking for. The market moves in a general flow, but there will always be a little movement in prices which are either highs or lows.
This technique needs a careful study of the market and reading the charts to make the right call in entering the right trade at the right time. Knowing when to get the best trading opportunities is a win here, so the process needs making some tough decisions where you either invest or not based on your analysis.
Buy coins with potentials
The bear market gives you a chance to make your crypto investment look good by buying some altcoins. Picking the right ones with strong growth potential at a cheap price is the smartest way to make a diverse wallet work. Instead of putting all eggs in one basket, you can opt to improve your chances by buying these coins.
Not all valued coins have potential. Even the lower ones have what it takes to rise and be a powerhouse for a set period of time. You can even try to play in the best bitcoin casino in South Africa using Bitcoin and other altcoins.