Get to know Bitcoin, which costs IDR 700 million, and how to buy it
During the pandemic, the price of the cryptocurrency bitcoin has skyrocketed. Most recently, bitcoin has just recorded the highest price record in history, reaching 50,487 US dollars per chip or around Idr. 706.8 million (exchange rate of Rp. 14,000).
Many people think that investing in bitcoin is like investing in gold. Because, unlike other assets that were under pressure during the pandemic, the prices of bitcoin and gold actually increased.
The difference is, the increase in the price of bitcoin occurs so rapidly, while gold tends to crawl. Executive Director of the ICT Institute Heru Sutadi said bitcoin is a very volatile or volatile asset.
Therefore, people who want to enter and invest in bitcoin must really take into account the risks of investing in these crypto assets.
"As is known in 2019, bitcoin weakened to 3,867 US dollars. From this condition, the risk of bitcoin investment is quite high," Heru said some time ago.
On the other hand, this cryptocurrency is currently prohibited from being used as a means of payment in Indonesia.
Thus, the use of pure bitcoin is only for investment tools. "There are heavy sanctions such as the case of using the dinar or dirham in Depok if bitcoin is used as a medium of exchange," he said.
Commodity analyst Wahyu Laksono assessed that bitcoin is a very promising investment asset in the long term. This is because the digital currency is printed in limited quantities.
"But there are challenges, the amazing price hike has attracted the attention of global governments and regulators. As a result, the rules related to bitcoin could be tightened and reduce the price increases that are currently happening," he said.
First of all, you need to know, bitcoin is not an object that has a physical form. "The stuff is really just a number," said Carsten Sorensen, a professor at the London School of Economics, as quoted by Bloomberg, Wednesday (17/2/2021).
The amount of bitcoin purchases depends on how much money is prepared.
Currently, based on only 21 million bitcoins to be minted and the number of bitcoins currently mined, 18.5 million pieces.
Bitcoin itself can be purchased up to eight digits behind zero. For example, if a person buys a cryptocurrency worth 100 US dollars, with the cryptocurrency currently being traded in the range of US $ 50,000, he will get 0.002 pieces of bitcoin.
Indodax CEO Oscar Darmawan said the public could freely own these crypto assets. This is because bitcoin can be transacted in decimal fractions with the smallest value of IDR 10,000.
"So, bitcoin does not only belong to corporations or conglomerates. Even though it costs hundreds of millions, bitcoin can be owned by anyone with the smallest denomination of only Rp.10,000, "he said.
In order to buy bitcoin, one needs to access the website of a crypto asset trading company.
In Indonesia, there are several trading companies that have been registered with the Commodity Futures Trading Supervisory Agency (Bappepti).
Some of them are PT Crypto Indonesia Berkat, PT Indodax Nasional Indonesia, and PT Luno Indonesia Ltd.
On the pages of each of these companies, it is necessary to register an account and select a payment method. After carrying out several processes related to identity confirmation, the bitcoin purchase transaction can be done.
Bitcoin wallet Bitcoin purchases also require a bitcoin wallet or wallet. This wallet will later become a container for the currency purchased.
Like a normal wallet, a bitcoin wallet is also a place to store money. It's just that in the case of bitcoin, the container is virtual.
Some of the popular wallets are Blockhain.com, Exodus, Electrum, and Mycelium. These various wallets can be used by accessing them via a computer or cellphone.
