Bitcoin live investment claimed to be increasingly in demand by investors. In fact, experts say the growth of cryptocurrency investors exceeds the growth of investors in the capital market.
This development is very rapid when we compare it with investors on the IDX stock exchange which only had 1.3 million users in June 2021.
Then, what are the advantages of investing in bitcoin over other assets?
1. Limited Supply Quantity
Bitcoin is often confused with gold, both of which are in limited supply. The supply of Bitcoin cannot be manipulated, the supply of Bitcoin is only 21 million units.
2. Anti-Inflation Asset
The potential for an increase in its price in the future makes Bitcoin an attractive investment asset for investors to keep. Bitcoin can be useful for protecting the value of assets owned by someone, compared to being stored in the form of cash which is easily eroded in value due to inflation. Bitcoin has the potential to be an anti-inflation asset whose value can increase over time.
3. Safe (Not Easy to Hack)
Bitcoins are issued through a mining process, miners use sophisticated computers to solve complex mathematical problems. This method is called Proof of Works and is a security mechanism for the bitcoin network. To maintain its security, bitcoins are protected by complex cryptographic passwords.
4.Low Transaction Fee for Bitcoin live investment
Transactions using crypto do not have a middleman, as a result crypto transactions are much faster and the fees are much cheaper. There is no limit to the amount traded.
For beginners, Jeth suggests choosing an exchange that has been registered with CoFTRA. Because, security in investing is one of the things that often makes you worry when investing.
"If you choose to buy Bitcoin on a legal cryptocurrency exchange, it's not only safe, but the transaction fees charged to investors are also transparent, so there are no hidden costs that investors don't know about," he said.
Then, he continued, start with small amounts of money. Bitcoin is volatile, so it's a good idea to understand the risks and start with enough money.
How to invest in cryptocurrency? You do this by conducting asset transactions on a marketplace called an exchange. This marketplace brings together sellers with customers who are members until there is a transfer of crypto assets.
If stock investment must use the services of a stockbroker, in crypto this is not the case. Transactions take place directly between investors. There is no broker to act as an intermediary.
The digital currency is stored in the wallet feature. The concept is like having a wallet or safe to store physical money. But the difference is the storage in digital form.
In making transactions, investors will determine the coin pair. Exchange usually provides a variety of pairs. For example Bitcoin/Dollar (BTC/USD).
Given that Bitcoin trading takes place between member exchanges, the price on each exchange is not the same. To find out the most competitive prices, investors must monitor them all the time via the internet.