According to Australian publication SBS News, a pole dancing instructor found success after investing in bitcoin, as she bought the cryptocurrency back in July and has tripled her initial investment since them.
Dee Heath owns a pole-dancing fitness business in western Sydney, and earlier this year decided to invest in bitcoin. Speaking to SBS News, she admitted that despite loving pole dancing, the cryptocurrency has been her passion. Last month, The Sydney Morning Herald reported that she was even considering becoming a full-time investor, despite the potential risks.
Thanks to her success, the businesswoman decided to create a website in which she explains bitcoin to newcomers, so they can get started with the cryptocurrency as well. The website, StartingOutWithBitcoin.com, essentially gives new users a brief on what bitcoin is, and on how they can buy it and create a wallet.
Explaining her investment, she revealed that it’s important not to let emotions run the way people deal with cryptocurrencies in order to stay safe. She stated:
“It comes with any investing, it’s volatile at times, especially cryptocurrencies. The good thing is when it goes down, you can buy some more, and you know it’s going to go up at some point. As long as you’re calm and you don’t let emotions run you when you’re dealing with any sort of cryptocurrency, particularly Bitcoin, then you’re safe.”
Dee Heath had in the past revealed that she only invests what she’s willing to lose and that it’s important not to stress out if there’s a big dip in the cryptocurrency’s value. She further revealed to have invested in ICOs, but only a very limited amount, as she considers them high-risk investments.
Torncar Australia, a Melbourne-based business making off-road vehicles, also revealed to have been accepting bitcoin for the past four years. A company spokesperson revealed that one customer bought a car with the cryptocurrency, while “about four or five other customers” purchase parts and accessories with it on a regular basis.
However, SBS News also noted that professor David Glance, from the Centre for Software Practice at the University of Western Australia, stated that bitcoin has been used to buy and sell drugs on the dark web, and that some, including JP Morgan’s Jamie Dimon, have compared the cryptocurrency to the tulip mania that hit the Netherlands in the 17th century.
In Australia, a bitcoin regulation bill was recently greenlighted, a move that upped efforts on anti-money laundering and counter-terrorism financing. Despite the move, the country’s central bank recently warned that cryptocurrencies raise “significant issues” for authorities.
Featured image from Shutterstock.
Last modified: May 20, 2020 9:25 PM