Rancakmedia.com – If you are a beginner who wants to trade Bitcoin but doesn't want to spend a lot of money, you can bitcoin trading You only need capital of 10.000 rupiah, read this article.
For newcomers, to join the world of Bitcoin, you need to have a lot of money. However, it turns out that Bitcoin, or BTC, can be purchased for satoshis, or fractions of a cent.
After the comma, the value of one bitcoin is expressed as an eight-digit decimal fraction, or “satoshi.” This means that 1 satoshi is equivalent to 0,00000001 BTC. If converted, then 1 satoshi is approximately 4,534 rupiah.
Analyst Wahyu Tribowo Laksono from Central Capital Futures said the lowest possible transaction size is 0,00000001 BTC, which is 8 digits behind 400 million rupiah.
Trading Bitcoin with Capital of 10.000 Rupiah
Indodax CEO Oscar Darmawan, a long-time Bitcoin user, said newcomers might get a foot in the door with just 10.000 rupiah to get their feet wet in the world of Bitcoin.
“Beginners can try trading with just 10.000 rupiah. "Because Bitcoin on Indodax can be traded in decimal fractions down to the lowest denomination of 10.000 rupiah," explained Oscar.
Beginners, on the other hand, should familiarize themselves with cryptocurrencies in general before jumping in headfirst.
“First of all is knowledge about crypto assets. Both technologically and in terms of commercial activities, among other things. Considering how fast blockchain assets are and crypto developing, it will likely continue to change," he said.
He highlighted that Bitcoin or cryptocurrencies are not subject to central bank restrictions. A country or government does not control the value of Bitcoin or other cryptocurrencies. However, according to him, this is one of the reasons why he is interested in Bitcoin.
Blockchain technology has been used by Bitcoin, allowing this and other crypto assets to be decentralized. This means it is not centralized. "As a result, the government and other parties have no control over the price of bitcoin," stressed Oscar
To understand Sutopo, he added that before entering the world of cryptocurrency, one must be aware of the significant dangers that await. At certain points in time, cryptocurrencies can bring huge profits. Profits may, at times, plummet.
"Cryptocurrency movements are more volatile, the dangers are greater, but if the trend is positive, the profits are greater, therefore high risk, high return," said Sutopo.
He reminded the audience that investing in cryptocurrency should be approached in the same world as other forms of investment, such as with cold, hard cash.
Then, identify businesses that function as crypto asset traders registered with the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade (Kemendag).
“The money used should not be hot funds, but cold funds, funds that are not daily needs because movements in crypto are quite high, the ups and downs are quite volatile compared to trading in other assets.
Since this cryptocurrency exchange company is legal in Indonesia, newcomers can verify that it is one of the 13 registered by Bappebti currently operating legally in the country. "That could be a reference for them too," added Sutopo.
Conclusion
In the article above we have explained that you can start trading bitcoin by only investing capital of 10.000 rupiah.
That's the article about Bitcoin Trading, you only need capital of 10.000 Rupiah, hopefully the article above can be helpful and useful for all of you. Read other articles about CTSI Coi price predictionn here. That's the article that we can convey, hopefully it's useful.
