As the cryptocurrency market continues to evolve, Daniel Kibel, Co-Founder of CMTrading, discusses its potential performance in years to come. 

“The cryptocurrency market has experienced huge rallies recently. And while there's not a lot you can count on in online trading, cryptocurrency being volatile is one thing that has been pretty constant over the last two years. Bitcoin (BTC) has experienced its biggest rally in the past few months, as the ‘premium’ cryptocurrency breached the psychological milestone of hitting the $50,000 level in August. Just shy of three months later (at the time of writing), Bitcoin is now sitting at over 66 000. Similarly, rival cryptos like Ethereum and Ripple have also seen huge price increases to around $4,700 and $1.25 respectively. 

“It’s worth mentioning that the crypto market, especially Bitcoin, saw record highs and disastrous lows earlier in 2021. Despite its tumultuous performance, though, there remains a tremendous amount of wealth to made with the total crypto market valued at more than $2 trillion. 

Trading crypto in South Africa 

“South Africa has seen a rapid increase in the number of crypto assets traded locally. In June 2021, the South African treasury revealed that there are at least two million local retail investors in crypto, amounting to $2 billion in transaction volumes. 

Given crypto’s history of volatility, the current increase doesn’t guarantee a long-term reversal. As a spike in prices ripples through the crypto market, many traders are asking – ‘Is now a good time to invest in crypto?’  

What’s driving the recent crypto rally? 

“Bitcoin, and in fact the entire crypto market, has proven to be an asset that’s prone to huge price movements based on rumours and events. PayPal recently announced it would allow customers in Britain to use Bitcoin and other cryptocurrencies. This provides more legitimacy for the entire crypto market and ultimately begins a chain reaction of buying, driving up the price of all digital coins. 

Is Bitcoin worth investing in? What does it take to make a profit?  

“Bitcoin is like any asset. If you buy it and it goes up, you make a profit, and if it drops you lose money. The issue is the huge price movements seen in Bitcoin – often thousands of dollars. If the low is about $47,000 and the upside high is $68,000, that's a really big move for the majority of traders. It does, however, mean you need a lot of capital. That said, we’ve seen daily movements from $5000 to even $10,000. This makes crypto a huge risk, though there are many people making money.  

“Sadly, a lot of people are still losing large sums of money, because even though they've correctly judged the price direction, they lose out due to funding. For instance, if you were to buy Bitcoin earlier in August, you would’ve bought it at $48,000 and it went up to a high of around $68,000. That’s good news, right? But if it falls all the way back down to $47,000 (which is not impossible), that’s an obvious loss. There are always big moves in the crypto market and it's something that people need to be aware of.  

Just how risky is crypto trading? 

“Personally, I much prefer trading currencies or indices because they're more stable. They don't move in the huge amounts that crypto does. But it's super high risk and sees extremely high returns. Due to the size of a single Bitcoin, with the value of it currently nearing $67,000, you need a lot of money just to be able to hold a position in the crypto market.“ 

Will we see widespread adoption of crypto?  

“I believe it's already happening. The future is without any question crypto. What remains to be seen is whether it’s through Bitcoin or some other crypto asset. I don't think there's any question that crypto is the future.  “We’re seeing the adoption of crypto by some of the largest financial companies in the world. It's clear that when one starts, people believe in a snowball effect; if one starts then, every other company will start accepting crypto. 

Anything to note when trading crypto 

“Be very careful and come to terms with the huge volatility in the market. You must be patient and understand that you might not have enough money to hold a position if the trend goes against you. It's a good market and traders are making a lot of money. You need to have enough capital so that even when the market goes against you, you can still hold your position.”  

Follow CMTrading on Facebook, LinkedIn, Twitter, and YouTube. 

For more information on CMTrading, visit their official website at www.cmtrading.com or call +27105008026, and one of their friendly staff will assist you. 

CMTrading is the brand name of Global Capital Markets Trading Ltd (A Seychelles company, company no. 104785)

NEWS PROVIDED BYNEWS PROVIDED BYshokoCAST.ioApr 26, 2018JOHANNESBURG, South Africa, April 26, 2018/ - shokoCAST, a global social music innovation platform, launches its social music platform that is set to be the most disruptive and innovative social music platform globally despite it having an African focus and especially in areas that have the most basic of technology infrastructure. The platform will seek to revolutionise the music, telecommunications and advertising value chains whilst benefiting musicians and music lovers everywhere.shokoCAST is a social music platform that brings about the rebirth of sound and evolution of music by converging the entire music value chain whilst bringing the artist directly to the fans. It’s a place where musicians build careers, fans find inspiration and managers discover talent! shokoCAST is a global decentralized free social music network built using Technology Innovations that are based on Multiple Interdependent Disruptions to the music industry on a hybrid quadruple layered blockchain called SHOkolah. The platform will enable the creation of music by artists and beatmakers and DJs, collaboration amongst users and sharing including the creation of 'communities with similar tastes', publishing and royalty administration; digital distribution; and consumption and monetization avenues that include downloads and streams and many new forms of revenue creation.

"We are very proud to be creating such an innovative solution that is second to none and which puts shokoCAST on track to be a global player. We have undertaken a crowdfunding campaign that is open to everyone and brings tremendous benefits to the musical industry, artists in particular, and also to those who invest in convertible notes and digital assets. We invite everyone from across the continent to join us as we build a social music platform that is relevant not just to Africa, but the world," says Therry Martins, CEO and Founder of shokoCAST. 

In emerging economies, higher are the hurdles you would need to jump to even consider releasing a track worse a career. Trying to invest time promoting your solo career is even more daunting as you would need to keep sync of all the different social platforms and conversations whilst keeping relevant. This is assuming you have the resources to create and publish music. Digital and online distribution has added to the evolution of the industry to a point where streaming accounts for over 60% of revenue. Blockchain technologies and the use of cryptocurrencies holds great prospects for Africa especially when considering their construct with benefits that include  decentralisation,  consensus and cryptography and the fact that it simply provides trust within a system of unknown users [1]. It is worth noting that even the World Economic Forum is cognizant of its potential in the banking industry with its report on the future of the financial infrastructure [2]. The SWIFT Institute also expects “substantial reductions in both cost and risk” within certain business areas of financial services [3]. Blockchain has the potential of economic evolution based on its impact to baseline industries, for example, blockchain could affect, among other business models, clearinghouses, exchanges, brokers, or remittances in capital markets, real-time money transfer, cryptocurrencies, and settlement markets, insurance also holds potential for blockchain technology applications. Blockchain capabilities are also instrumental in improving business processes like easier fraud detention and reduced administration costs through the use of smart contracts [4].  

“To create an effective social music ecosystem centred on innovation, shokoCAST is the best platform that offers an integrated solution that converges the value chains whilst encouraging changing digital lifestyles and music needs through the use of disruptive technologies that promote industry convergence, all for the benefit of society,” says Therry Martins, CEO and Founder of shokoCAST. “We are committed to completing our crowdfunding campaign and launching our platform as soon as possible.” 

More about shokoCAST

shokoCAST will offer a simple UI/UX for users that include 3 key user groups: music makers (artist, songwriters, vocalists, beatmakers, and DJs), music movers (fans, distributors, producers, our dRadio, other streaming platforms, everything digital) and music managers (record labels, collection societies, governmental departments in some countries, advertising companies, support service providers e.g. photography and recording studios). Key features include:

1. shokoCAST the platform that enables the user creation of music, collaboration amongst users and sharing including the creation of 'communities with similar tastes'; publishing and royalty administration; digital distribution; and consumption and monetization avenues that include downloads and streams and many new forms of revenue creation;)
2. suPERFORMER for monetization in addition to shokoCAST through live video, 360 video and augmented reality streaming, live concerts and events, ticketing, etc.;
3. Audio curated music playlists on digital radio or dRadio for those would prefer to listen to great sounds during their busy day;
4. A fully fledged transactional wallet called shokollet that hard-wires the solution to the blockchain providing full transactional capabilities on the network and with other cryptocurrencies and services
5. Socialing that unites users and groups; and
6. The secure and anonymous messenger called SHUSH! that is also the backbone to an uncensored news feed and user engagement.
7. All on a quadruple layered hybrid blockchain called SHOkolah. 

All actions and activities by users is rewarded by SHK tokens which is exciting as it’s the fuel by which music is built, traded and even promoted. Aspiring artists now have the means of exploiting these social incentives to build their careers! All this is possible thanks to the many technology innovations developed by the shokoCAST specialists and ties to the decentralized super-network. Having adopted a differential niche strategy that is very attractive to emerging economies as we will be building on partnerships in these countries.

For more information visit https://www.shokocast.io  or contact This email address is being protected from spambots. You need JavaScript enabled to view it.

 [1]  Deloitte, Blockchain: Democratized trust - Distributed ledgers and the future of value, Tech Trends 2016: Innovation in the digital era, Deloitte University Press, 2016.

[2] WEF, The future of financial infrastructure, World Economic Forum, 2016.

[3] M. Mainelli and A. Milne, The Impact and Potential of Blockchain on the Securities Transaction Lifecycle, SWIFT Institute Working Paper, SWIFT Institute, 2016

[4] McKinsey, Blockchain in insurance – opportunity or threat?, Insurance, McKinsey, 2016..