Buy Theta (THETA) - how to invest in Theta in South Africa

Cryptocurrency is digital money protected by cryptographic data encryption. All transaction information is collected in a blockchain. Blockchain is an endless digital log of information stored on the devices of all participants in the system. Because the data is encrypted and held simultaneously by all participants in the system, cryptocurrency cannot be tampered with.

What is Theta? 

The Theta cryptocurrency is a decentralised video delivery network with its own blockchain, designed to encourage channel sharing.

Currently, video delivery networks suffer from low penetration in less developed countries, expensive installation, and a centralised device. In addition, Theta considers its existing infrastructure unprepared for the increasing demands it will face due to the growing adoption of 4K, 8K, virtual reality and other advanced developments. Theta is creating a peer-to-peer (P2P) mesh network that aims to address these challenges using blockchain, which serves as an incentive layer to maintain continuously high delivery network performance.

Theta cryptocurrency
Theta cryptocurrency

Theta's team, advisers and list of partners is impressive. The team consists of 14 people as well as a host of blockchain and media consultants. The Theta team has created several important partnerships, including one with Twitch, which will allow viewers to earn Theta by sharing their bandwidth for broadcast streams. Theta is also partnering with Steam, a video game provider, and the decentralised cloud computing blockchain Aelf. Another key partnership is the Play Labs programme. 

The Theta team is focused on attracting new content partners and expanding the network overall to ensure it remains as attractive as possible for investment. 

Company partners
Company partners

How does Theta work? 

The Theta cryptocurrency consists of two parts. First, it is a video delivery network. It is formed from nodes that join the network and provide their bandwidth. This network forms the actual decentralised video delivery. The second part is the Theta blockchain. It exists to provide incentives for participants to join the delivery network.

Open source platform
Open source platform

Features of Theta in South Africa 

Content Delivery Networks (CDNs) consist of very large centralised data centres scattered around the world. The main problem is that geographically they are not close enough to many viewers, resulting in poor quality streaming. Theta aims to create a P2P mesh network of users who share their bandwidth. 

Users can provide their devices as caching nodes that stream video to any viewer in the world. A caching node is a node that stores video data. As a result, the Theta network will have many more cache points and stream quality will improve. This is because video data packets will not have to travel as far. Caching nodes will be rewarded with Theta tokens. 

Video streaming problems
Video streaming problems

Theta can improve streaming quality, which will improve infrastructure resilience. 

Right now, the entire streaming industry depends on a small number of data centres. If a few of them fail or are shut down, global streaming will be severely degraded. By distributing caching and relaying to thousands, Theta's network could become more reliable than the current system.

The Theta team is building a server that will help nodes identify the nearest nodes in terms of network hops. Nodes will then be able to connect to the nearest peer-to-peer nodes, as opposed to randomly connecting to any node in the world. Theta hopes that this will allow nodes to handle flows much more consistently and thus compete with the consistency of existing CDNs.

Solutions offered by Theta
Solutions offered by Theta

Where to buy Theta in South Africa? 

Traders can buy Theta in South Africa through exchanges, which have become a popular tool for making money online. Trading, buying and selling Theta on exchanges requires a certain skill, so the novice trader needs to choose convenient platforms with loyal trading conditions. Most brokers will provide you with an online trading platform with a demo account, which you can use for practice before you open a live account. You trade with virtual money, so you will not be able to withdraw your profit!

Being properly prepared is a big part of getting started. Take control of your financial future now!

How do I start investing in Theta in South Africa? 

Invest in Theta is directly linked to its advantages of use, which include the following:

  • Decentralisation - cryptocurrencies are not controlled by the government;
  • Ease of use - to buy or sell cryptocurrency, you don't need to make any unnecessary movements. All you need is the Internet and the necessary application;
  • Accessibility - anyone can mine virtual coins, for example, using mining or pharming;
  • Independence - no one except the user has control over the movement of funds in the account. 

The increased interest in crypto-assets, as well as their clear benefits, gives us the opportunity to call Theta cryptocurrency the investment of the year in 2021. 

Having made the decision to start investing in Theta in South Africa, one should determine the most appropriate investment strategy. It can usually be difficult for a newcomer to immediately work out their own strategy of how to properly invest in Theta. A good alternative is to use Contracts for Difference - CFDs.

A CFD is a derivative whereby the broker agrees to pay the trader the difference in the value of the underlying security between two dates: the opening date and the closing date of the contract. In doing so, you can either hold a long position (assuming the price rises) or a short position (assuming the price falls). You have greater flexibility when trading CFDs because you are not linked to an asset; you simply buy or sell a derivative contract. You can also make money when the price falls, as you can take a short position. In this case, you will lose money if the price rises.

To start investing in Theta in South Africa, you need to identify good times to buy and sell the cryptocurrency to get the most out of it. The right timing will determine how much profit or loss is made. As a novice trader, we recommend the following tips to make trading Theta more effective.

Benefits of investing in Theta cryptocurrency
Benefits of investing in Theta cryptocurrency

Distribute assets, don't keep everything in one place 

Often, traders have about a dozen selected currency pairs in which most trades are made. However, almost all investors keep half of their savings in USD and cryptocurrency for maximum safety. This method allows you to buy some coins at a minimum price when the market suddenly corrects and then resell them at a higher price tag, making additional profit.

Keep an eye on the numbers at the coin 

When analysing the market and cryptocurrency, traders rely primarily on fundamental and technical analysis. 

Fundamental analysis. The easiest and most straightforward tool to assess when coins are likely to be bought. It involves evaluating the aggregate sentiment of the crypto market, monitoring news and some other basic factors. For example, arithmetic or exponential averages over a six-month period. For example, the prospects of the project launching the tokens, the support from major organisations, the goals the developers have set for themselves. All of this could affect the value of the coin in one way or another.

Technical Analysis. Understanding the price charts of digital assets plays an important role in trading. This type of analysis allows predicting the future direction of the market and emerging trends. If at one moment the market is in a bearish trend with a gradual depreciation of the asset, it is not wise to buy - it is better to wait for a reversal signal.

In a bullish trend, you must buy the coins with caution, choosing the right moment to buy during a correction or pullback. Also, if the bull market continues long enough, or if the cryptocurrency has significantly increased in value, then investing in it now is not worthwhile because of the high probability of a significant rate correction.

Using indicators for technical analysis
Using indicators for technical analysis

Is it safe to invest in Theta online? 

The Theta cryptocurrency is created using blockchain technology, which describes the way transactions are recorded in 'blocks' and timestamps. It's a fairly complex technical process, but the result is a digital register of cryptocurrency transactions that is difficult for hackers to crack. In addition, the transactions require two-factor authentication. 

Is Theta a good investment? 

According to Theta's trading history, after a token sale in January 2018, Theta cryptocurrency started trading actively on 27 January 2018. On 27 January, the token reached its all-time high of $0.314425. It is worth expecting Theta to start rising as soon as the mainnet is launched and users start joining it. At that point, the token will move from a speculative tool to a mechanism to encourage participation in the network. According to its market capitalization, Theta is a liquid token, which makes it easy to buy.

Buying Theta can be a good portfolio diversification tool. Just do it!

How do I buy Theta now? 

Buying a Theta in South Africa on your own from scratch is easy. The main thing to do is to decide on a broker and allocate a small amount for a down payment. If you wish, you can make a larger deposit.

The first thing you need to do is register on the platform. You will need to provide your personal details (phone number and email) and confirm the registration process. Please note that CFD trading is a leveraged product, i.e. you do not need to have the full amount to open a position, but can use the borrowed funds provided by your broker. This can be particularly useful for buying Theta, given their huge volatility as an asset class, but it also entails higher risks.

Register on the platform
Register on the platform

Demo account 

The online platform allows you to try trading with a demo account, which allows beginners to learn how the system works and to understand the market's trading strategies. Demo account will help a beginner to understand how operations are executed, what orders are and how they are placed, what advisors and indicators work. 

You can start with a demo account or go straight to a live account
You can start with a demo account or go straight to a live account

Real account 

To start buying Theta in South Africa for real, you need to fund your account. It is very simple. To do this, choose one of the funding options offered by the system: by bank card or via one of the electronic payment systems online. Depending on the deposit method you choose, the money will take several days to arrive.

Choose a convenient way to fund your account
Choose a convenient way to fund your account

The Theta cryptocurrency CFD allows the novice trader to earn, even without owning the assets themselves. The minimum entry threshold provides an opportunity to diversify your trading strategy and portfolio with instruments that give you access to one of the most dynamic financial markets in the world. 

We wish you success in trading!

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