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Esther Muwombi is a content marketing expert with 11 years’ experience. Esther loves to work with start-ups and medium sized companies to help them get up, spre
How Africa Got Bitcoin all Wrong
Will Africa embrace this new “digital money,” tell that to Bitcoin Magazine. Its recent study found out that Africa is the next frontier in adopting cryptocurrency. Nigeria and South Africa are at the forefront as they record the highest searches in Google.
But amidst all these, it seems that Africa hasn’t got the real meaning of Bitcoin. What is it? Who makes them? Is it run by people you can trust? And will it help my business?
These are a few of the questions people ask themselves. In this post, we’ll try to shed light on some light to avoid getting swayed by the many myths circulating in the media.
The bitcoin value maybe $755 in the morning only to crash to $378 in the evening. Unfortunately, this is what happened on 19 Nov 2013, and it caused quite a stir in the cryptocurrency community. As a novice, this may be demeaning and look like a potential scam.
Bitcoin’s graph is uncertain, and that’s its nature. Sometimes the value may shoot higher than expected and vice versa.
The real scam is not there but underlies in the numerous bitcoin exchanges. These companies present themselves as large trading platforms only to run away with your hard-earned cash. But most of the trades are legit. It means that you have to be careful when choosing a company for your bitcoin transactions.
It's no doubt that Bitcoin is growing significantly. The graph below shows how Bitcoin transactions increased in 2017 alone.
Studies say that Bitcoin has achieved over 100GB history data, and more transactions happen daily. And as more people get introduced to the platform, the faster the size grows.
Apart from the large chunks of data that need to be stored, you need to download the data too. The entire process of receiving or making a payment from a local crypto wallet may be intricate than you think. With this rate, the blockchain is on a limit if things don’t change soon.
The Governments in Africa are a bit autocratic, unlike those in the western world. If they don’t see the value of something, they shut it down even if the real plan was to help the public.
Unfortunately, a few African governments have not yet come into terms with digital platforms. Therefore, Bitcoin is still something strange, and they only give a dime of their time and resources to invest in it. But does this mean they will do away with it?
Not necessarily. Most Governments have shown an interest in Bitcoin. According to studies, Africa may be the next hub for crypto preneurs. A few of the African countries have embraced the shift, and others have followed suit.
Cryptocurrency is one of the most misunderstood topics online today. There's so much information, and you may never know what is true and what is not. However, with online platforms like Blockchain in Africa, you’ll get the information that will help you separate the wheat from the chaff.
Here's Why The Holidays are the Best Time to Sell a House
Guess what? Conventional wisdom will tell you that selling a home during the holiday season is a wrong financial decision. That's because we believe that people are too busy and rarely will they think about buying a new home.
But one thing we fail to notice is that during the holiday season people are always on a shopping spree. That said, it won't surprise you to find someone looking to settle in a new home before a new school year begins.
When you put your house on sale during the holiday, you reap lucrative opportunities that you would never have found within a year. And maybe get a decent profit.
Whether you are a real estate business person or a homeowner, here are the reasons why you need to put your house on sale during the holiday season.
Spring and Summer are indeed ideal seasons for home buying. It is a belief people have had for years because when you put a house outside, you'll get many buyers. One thing you need to keep in mind is, during those seasons, you are not the only fisherman out there.
More and more people are listing their homes; this gives buyers a chance to be picky and buy the house at a later date. During the holiday seasons, few homeowners and real estate investors will put up a home.
This will give you a chance to be the best person out there. With less competition, the buyers will have a few options on their hands. Professionals advice to always hire a real estate agent and not try to sell your home on your own especially if you’ve never done it before. A good agent will help you set a fair and competitive selling price for your home that will increase your odds of a quick sale.
A recent study from Redfin states that selling a home in winter is much easier than any other season of the year. Homes sold starting from December 21st to March 21st were sold close to their original price and spent less time on the market.
That's enough proof for you to sell a home during the holiday. One thing you need to remember is selling a home in those periods may not guarantee boon for you. What we are sharing with you is the opportunity available because of the fear and uncertainty that many people have.
People who shop for a new home during Thanksgiving, Christmas, or New Year are serious buyers. One thing you'll note is that no one wants to spend their favorite time just looking. The best they want is to spend time with their family.
So what they will do is to buy a house they think is best for them without passing the time. Chances are, when you present them with an excellent package, they will take it without thinking twice.
Ever heard the saying: " people buy on emotion and justify with logic." The holiday comes with emotional feelings attached to impulse buying. In other words, holidays influence us, that's why we always want to buy our favorite things during the holiday.
If you have sold properties in the past, you will understand that emotion plays a big part in the transaction process. That said, if you align your house with the holiday seasons and make a first good impression, you will increase your chances of closing the deal.
Great opportunities are found where others see a challenge. And the holidays are one of those missed opportunities people never take advantage of selling their homes. Success in selling is seeing an opportunity where others see challenges.
December 13, 2019
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