Bitcoin is one of the most popular cryptocurrency investments among modern investors. The word bitcoin itself must be very familiar to hear and most people are quite familiar with bitcoin as electronic money that has a promising exchange rate and selling price.
Conceptually, the way bitcoin investment is widely circulated is almost the same as trading, namely buying bitcoin at a low price and then selling it at a higher price.
Conceptually, investing in bitcoin sounds easy. However, its direct application in the trading world will require good analysis and strategy to minimize losses that may be incurred and optimize profits.
The number of new enthusiasts in the world of bitcoin investment then opens opportunities for beginners to learn cryptocurrency trading which also opens up opportunities to increase the value of bitcoin assets.
As a beginner you will need various knowledge of fundamental analysis in the world of bitcoin investment and strategic steps to minimize losses and optimize profits from the amount of money invested.
The following will explain how to start investing in bitcoin to the strategic steps to earn more income through bitcoin investment.
Steps to Start a Bitcoin Business for Beginners
The first bitcoin investment method begins with opening a bitcoin account or bitcoin wallet. One of the trusted sites that is widely used for bitcoin wallets is the blockchain.com site.
By logging into the site and registering until the final verification stage, you already have a bitcoin wallet which can then be used for transactions in bitcoin investments.
With the bitcoin wallet platform, users can receive and send bitcoins to fellow users easily and quickly and control the current value of a number of bitcoin assets owned.
The next stage is the transaction, there are many service sites and services on the Internet that provide a bitcoin transaction platform.
This site is one of the Indonesian bitcoin transaction sites that can directly convert a number of bitcoin assets owned into Rupiah value. So that users can know the profit and loss margins obtained from the fluctuations in the value of bitcoin assets.
Before starting the transaction, of course, don’t forget to create an account and follow the registration stage until the final verification. The site will show the increase or decrease in the value of bitcoin owned in real time or at that time. Through this site you can also start buying the first bitcoin and determine the price of bitcoin to be sold later.
In determining this price is like trading, it is necessary to understand market conditions and sell at a price that other people will buy.
Bitcoin Investment Challenge
One of the challenges of investing in bitcoin investments is the privacy threat from hackers. Then account security and privacy measures are needed by verifying data on bitcoin wallets and bitcoin transaction sites.
After registering on these sites, don’t forget to check your email for verification to verify other data such as phone numbers. Because it is related to money and assets, you should never underestimate the safety factor. Especially personal data in the era of increasingly sophisticated networking like now.
Validate the data carefully and don’t forget to periodically check the transaction history that has been done.
Many assume that bitcoin investment is quite expensive. That’s because it looks at the value of the long-running bitcoin asset.
But actually, only IDR 100,000 can be used as initial capital or initial balance. To start a bitcoin transaction, it depends on the terms and conditions that apply on the bitcoin trading platform site.
So it is also important to look at the various specifications of the benefits and advantages of each bitcoin transaction site. To then compare which site suits your needs, and is profitable.
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