Is it True That The Minimum Investment For Bitcoin Trading Is Only IDR 5 Thousand?

Ngopisantuy.com Is it true that the minimum investment for Bitcoin trading is only IDR 5 thousand?, People have become more financially savvy as the global economy has remained shaky since the Covid-19 epidemic. One of them is to begin investing systematically.

Not only are traditional investment products in high demand, but so are queries concerning how much is the minimum investment for Bitcoin trading.

Yes, Bitcoin appears to be a new prima donna in the financial world due to its enticing worth. Even though it has dropped dramatically this month, Bitcoin remains the most powerful cryptocurrency, nicknamed crypto money. Bitcoin is undoubtedly the most powerful magnet for investment in crypto assets.

Why Is There So Much Interest In Bitcoin?

Previously, many believed that investing could only be in gold, savings, real estate, equities, mutual funds, or FX (foreign exchange), Bitcoin is an investment asset that arose as a result of technical advancement.

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Although it cannot be stored in the same way that gold or equities can, Bitcoin may have a spectacular and extremely significant exchange rate.

On Tuesday (18/5) morning, Bitcoin (BTC) fell 5.60% to US $ 43,002 (roughly Rp. 616.8 million) per chip. According to Bitcoin, the value of Bitcoin is even lower than that of other cryptocurrencies such as Ethereum (ETH) at US$3,265 (about Rp46.8 million) and Litecoin (LTC) at US$278 (approximately Rp3.9 million).

It’s only that, with the exchange rate approaching $500 million per chip, many individuals are hesitant to invest in Bitcoin.

Even if it is only information, a very little investment in Bitcoin trading may be made with less than IDR 10,000!

The popularity of this cryptocurrency is driving an increase in the number of individuals discovering the minimum investment amount for Bitcoin trading.

Furthermore, Bitcoin has been granted trading authority in Indonesia, however it is still forbidden as a form of payment. Bitcoin mining has also been taking place in the nation for quite some time.

Yerry According to Niko Borang, a cybersecurity observer and Engagement and Learning Specialist at Engage Media, Bitcoin mining operations in Indonesia began in 2011-2012.

It’s only that at the time, Bitcoin miners were already selling the cryptocurrency’s “chips” because they were enticed by the price, which had reached hundreds of thousands of Rupiah, according to Kompas.

Jordan Simanjuntak, Triv’s Business Development Manager, also stated that Bitcoin is a good investment for industrious young people like millennials and generation Z. Where these inexperienced investors are enticed by the high returns that Bitcoin can provide with little cash, despite the tremendous danger.

However, if you’re seeking for reasons why so many individuals are interested in investing in Bitcoin, examine the following reviews:

1. Supply – Demand Control

This is the first reason why many individuals are interested in investing in Bitcoin. Yes, despite the fact that it is greatly sought after by many people, the amount of Bitcoin circulating in the globe has been capped at 21 million coins since its introduction in 2009.

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There are now 16.6 million Bitcoin coins dispersed over the network as of 2020. With that quantity, only four to five million Bitcoins can be’mined’ over the course of a hundred years.

2. Why is this taking so long?

Yerry claims that the infrastructure and resources required to mine Bitcoin chips on a computer are becoming increasingly complex, intricate, heavy, and expensive.

Bitcoin mining was once achievable with computer equipment with sophisticated GPU (Graphics Processing Unit) or equal to PC gaming specs; however, this is no longer the case.

Bitcoin miners today must employ a specialized machine known as an ASIC (Application-Specific Integrated Circuit) manufactured in China.

This ASIC system may no longer be used for mining in a few years, forcing humans to create super-sophisticated gadgets with massive cash to mine the remaining pieces of Bitcoin. As a result, the demand and supply of Bitcoin are tightly controlled.

3. Not governed by the government

The fact that Bitcoin is a decentralized crypto asset is another factor that contributes to its popularity. This implies that blockchain is not centralized in the.

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Same way that traditional cash currencies such as the Rupiah, Dollar, Yen, Pound sterling, or Euro are. The euro is governed by a country’s central bank. As a result, Bitcoin’s inherent value rises.

Bitcoin appears to’stand alone,’ with an exchange rate that the government cannot control. In contrast to cash currency, which is heavily backed by the government and is affected by the economic health of the issuing country, its value fluctuates depending on market conditions.

Author: Irdansyah
I'm a regular contributor to IRDANSYAH commander, and in my business blog, my team and I share tales on the experience of starting a business from zero, how it feels to build a startup, and how to scale-up.