bitcoin investment

Is Bitcoin a Smart Investment?

bitcoin investment

Is Bitcoin a Smart Investment?

The highest security concern in Bitcoin investment is the fraud and hacking risk. As the price and value of Bitcoin rise, the number of publicized hacking has also increased. For instance, the Federal Trade Commission reported a median loss of about $1,900 between October 2020 to March 2021.

However, does the security concerns and price volatility mean that Bitcoin in Indonesia isn’t a smart investment? Read on to know if bitcoin is a smart investment.

Should You Invest in Bitcoin or Buy Bitcoin in Indonesia?

Bitcoin is the most popular held Crypto, and it has the highest crime reports in the Crypto world.

Bitcoin is volatile, but if you want to take the risk and buy Bitcoin, ensure you know what you’re investing in.

You have to ask yourself some pertinent questions like: Do I know what I am investing in? Is the level of risk okay for me? Should I invest during the price dip? Can the prices rise higher?

It isn’t a nice idea to invest or buy Bitcoin if you can’t answer the above questions.

What to Consider Before Investing in Bitcoin

Bitcoin, like any digital investment, has potential rewards and risks. It can be a risky and smart venture. Thus, you have to consider certain things before you venture so you’ll maximize profits and make a fortune like some. 

The things to note are:

  • The funds you invest in Bitcoin aren’t safe from value fluctuations. It’s a volatile investment. So if you want a safe business with guaranteed returns, don’t invest in Bitcoin.
  • Don’t invest all your life savings on Bitcoin investment. Only invest a small amount of your income. Like the golden rule in investment, buy bitcoin with caution; invest the funds you can afford to lose and don’t forget to keep in your Crypto Wallet.
  • Diversify your funds. Don’t place all your hopes on Bitcoin; try other Cryptos.

You can try eToro. eToro is a trading and multi-asset firm that concentrates on offering copy trading and financial services. eToro can be profitable, but you can lose funds too.

Often, it can be hard to analyze what a digital token’s market capitalization could be. Thus, trade and tread carefully.

Consider the Pros and Cons:

Pro- Bitcoin has gone global, its price and value have increased since 2020. And it has the same value in all countries with no exchange rates. 

Con- Bitcoin is a risky investment, and it’s volatile. Also, its technical issues can make you lose your funds.

Why You Can Lose Your Funds In Bitcoin

You can lose your money on Bitcoin when its value plummets. Bitcoin is volatile, and its price is determined by mostly sentiment. You lose money if you sell an investment for less than you purchase it. 

BITOCIN SMART CHART

You can also lose your Bitcoin money or Bitcoin Indonesia login to Cybercriminals. Scammers and hackers are increasing and are now attempting ingenious means of stealing funds. Atlas VPN reported that hackers steal $10million Cryptos daily.

Is Bitcoin a Smart Investment? Final Analysis

Bitcoin is extremely volatile; however, the high liquidity with bitcoin makes it a good investment, especially if you want a short-term profit. 

Bitcoin might be a long-term investment because of its high market demand. It may reach $100,000 by the end of 2021. Thus, it can be a good ride!

Conclusion

Bitcoin Indonesia login isn’t regulated. However, to become successful in Bitcoin investment, you have to do your due diligence and diversify your investment portfolios; don’t place all your hopes on Bitcoin, and try other Cryptos.

Bitcoin is volatile; thus, you shouldn’t panic. You can crystallize losses by selling your Bitcoin when the value falls.

As stated, Bitcoin may reach $100,000 by the end of 2021. You can buy bitcoin Indonesia, enter your Bitcoin login, tread carefully, and enjoy the ride!

CRYPTOCURRENCY WALLET – How to Choose the Right One for Your Cryptocurrency By Bitcoinlogin

CRYPTOCURRENCY WALLET - How to Choose the Right One for Your Cryptocurrency By Bitcoinlogin

A cryptocurrency wallet is a device or program that stores public and private keys for cryptocurrency transactions and enables users to send and receive digital currencies like Bitcoin and Ethereum. Also, crypto wallets allow users to monitor their balance. 

Like with conventional wallets, you don’t need a wallet to spend your cash, but it can help keep your cash in one place. Anytime you want to acquire any cryptocurrency, whether by purchasing it from a cryptocurrency exchange, receiving it as a gift from family or friends, or revenue. You can always direct the sender to a unique cryptographic address issued by the wallet.

HOW CRYPTO WALLETS WORK

When someone sends you bitcoins or any other digital currency, they are basically signing off on the coins’ ownership to your wallet’s address. The private key stored in your wallet must match the public address the currency is linked to it in order to spend those coins and access the funds. The balance in your digital wallet will increase if the public and private keys match, and the senders will balance drop accordingly. There is no physical exchange of the coin.

Users can request a certain amount of bitcoin or other crypto-assets to another person, and the system will generate a unique address that can be given to a third party or converted into a QR code. 

Each time you a do a bitcoin login and makes a request; a unique address is produced. When someone gives you a unique address, you can always send crypto-assets to their wallets.

HOW TO CHOOSE THE BEST CRYPTOCURRENCY WALLET?

There is a long and growing list of crypto wallets to choose from. However, before you choose a wallet, think about how you plan to use it. Therefore, taking some time to consider your needs before deciding on the best crypto wallet for you and asking yourself the following questions will guide you.

  • Do you need a wallet for regular purchases, or do you want to invest in digital currency and keep it in your wallet?
  • Is the wallet a web-based application? If you love using apps and mobile, you’ll want to consider these features.
  • Do you want to use many currencies or just one?
  • Do you want to be able to access your digital wallet from everywhere or just at home?

After conducting proper research, we came up with a list of the five best crypto wallet platforms easily accessible to Indonesians:

HOW TO CREATE A FREE CRYPTO WALLET ACCOUNT IN INDONESIA

Creating a cryptocurrency wallet is very simple and straightforward. The process to set up an online free crypto wallet is as follows:

  • Install a wallet app on your phone. Coinbase Wallet, Blockchain Wallet, and Trustwallet are popular choices.
  • Make an account for yourself. Crypto wallets like this do not require you to submit any personal information. 
  • Make a mental note of your private key or write them down in a secret diary. It’s given as a 12-word phrase at random. The phrase and your bitcoin login should be kept in a safe place. You won’t be able to access your crypto if you lose or forget this 12-word phrase. 



Ethereum chart

The Future Of Ethereum (ETH)

WHAT IS THE ETHEREUM?

Ethereum is an open-source, decentralized blockchain platform with smart contract functionality that has its cryptocurrency, Ether (ETH) or Ethereum, and its programming language, Solidity.

 Programmer Vitalik Buterin designed Ethereum in 2015 to let developers create and publish smart contracts and distributed apps (dApps) without the risk of downtime, fraud, or third-party interference. Ethereum has two main functions: For starters, it functions as money and can be used as a store of value.

After Bitcoin, Ethereum is often referred to be the second most popular cryptocurrency. However, unlike Bitcoin and most other cryptocurrencies, Ethereum is created to be far more than just a store of value or medium of exchange. Ethereum, on the other hand, is referred to by its creator as a decentralized computing network based on blockchain technology. 

ETHEREUM MINING – HOW TO MINE ETHEREUM?

By solving cryptographic problems, computers worldwide compete for processing power and thus energy to mine Ethereum. Any miner who solves the problem first is rewarded with ether (ETH). With these pay-outs, miners are rewarded with free Ethereum for safeguarding the network, confirming transactions, and adding blocks to the blockchain.

Ethereum mining rewards are currently two ether every block, plus all transaction and gas expenses. A new block is added to the blockchain every 15 seconds.

HOW TO MINE FREE ETHEREUM?

  • Create an Ethereum wallet: You’ll need to build an Ethereum wallet if you don’t already have one. MetaMask and myetherwallet are two of the many choices available. You can register for your bitcoin login here.
  • Make sure your GPU drivers are up to date.
  • Install the latest available updates supplied by your GPU manufacturer AMD or NVidia to ensure that your GPUs perform as efficiently as possible.
  • Install and run Ethereum mining software on your computer.

WHAT IS AN ETHEREUM WALLET?

An Ethereum wallet is comparable to an online bank account; you may transfer, receive, and manage your Ethereum from your wallet. Ethereum wallets come in different forms and types, each with its unique set of characteristics. Mobile wallets, software wallets, and hardware wallets are all available. Your coins are stored in your smartphone if you are using a mobile wallet. A software wallet is a computer program that must be downloaded, whereas a hardware wallet is a physical device. 

HOW TO CREATE A MOBILE ETHER WALLET?

A mobile wallet is quick, simple, and user-friendly, especially if you have very little knowledge about cryptocurrency. Trust Wallet, Blockchain, Metamask are one of the most popular mobile wallets for handling ethers and bitcoin logins. You may learn how to create a wallet like this by reading the steps below:

  • Go to the App Store (for iOS) or Google Play (for Android).
  • Search and download any of the recommended wallet apps.
  • Launch the app and write down your 24-word recovery phrase. That is your wallet’s backup, and it’s essential.
  • Create a secure password.
  • Add Ethereum to your wallet. To receive ether, use your receiving address.

WHAT IS THE CURRENT ETHEREUM PRICE IN INDONESIA?

Since May 21, the price of Ethereum has fallen by over 60% from the all-time high of $4400(62,527,740.00 Indonesian Rupiah). However, it has regained about 50% of its losses in the past few months. The current Ethereum price is $3150 (44764177.50 Indonesian Rupiah) per ETH.

Currently, there are over 117,639,111 ETH in circulations.

Ethereum chart
solana chart

The Future Of SOLANA (SOL)

WHAT IS SOLANA (SOL)

Solana is an open-sourced and decentralized public blockchain platform that was developed by Anatoly Yakovenko, Alevtina Yakovenko. Solana was officially released in April to carry out transactions at a very high speed without compromising decentralization. Solana achieves consensus using “proof of stake” and “proof of history” and carries out peer-to-peer transactions with its native cryptocurrency, SOL.

The SOL is used for payment of transaction fees and staking. Solana is capable of processing 50,000 transactions per second. Solana, like Ethereum, is both a cryptocurrency and a versatile platform for operating crypto programs, including Degenerate Apes and the Serum decentralized exchange (or DEX). Additionally, its most significant innovation is its ability to process transactions fast with low congestion and transaction fees.

WHAT IS THE CURRENT SOLANA PRICE IN INDONESIA

Since September 8, the price of Solana has fallen by over 48% from the all-time high of $215(3060202.50 Indonesian Rupiah).  It has regained about 20% of its losses in the past few days. The current Solana price is $151 (2,149,258.50 Indonesian Rupiah) per SOL.

Currently, there are over 297,144,874.615 SOL in circulations.

solana chart

HOW TO CHOOSE SOLANA WALLET

Solana supports different types of wallets, the Solana native command-line app, and wallets from third parties. Depending on your experience and comfort level with commands (for advanced users) or app-based options. You can choose from a variety of crypto wallets. App-based Solana wallets like Trust Wallet, Coin 98, or Exodus Wallets allow most users to install an app for easy interaction instead of learning complex codes or commands that more experienced or tech-savvy users may prefer. You can use visit Blockchain for Bitcoin login.

Solana Supported Web Wallets:

Solana Supported App Wallets:

PAPER AND HARDWARE WALLETS

Generally, for keeping cryptocurrency, both hardware and paper wallets are typically secure. Both are regarded as secure due to their capacity to keep records offline, preventing hackers and malware from gaining access to crypto accounts. Because of the private keys and their security, hardware wallets keep your crypto accounts safe when your computer is offline and connected. In other words, you don’t need Ethereum and Bitcoin login details for this types of wallets

Security is one of the essential features of a Solana-compatible wallet, which is greatly improved with a hardware wallet. These devices are built to last, with features such as resistance to water, fire, and high voltage levels.

SOLANA MINING – HOW TO GET FREE SOLANA REWARDS

Many people believe that Solana, like Bitcoin, can be mined for coins. That is not possible with a Proof of Stake coin.

However, Solana provides two key opportunities for users to help the network in exchange for free Solana rewards:

  • Staking: Staking is a method of earning free Solana rewards by staking Solana you already own with a validator. A Validator on the Solana network will give you rewards of around 8% for allowing your Solana coins to be staked to help confirm transactions on the network. Similar to how a bank pays interest on your deposits in exchange for using your funds to support mortgages and other investments.
  • Validation: Validation is a service that allows you to run a powerful server in a data center to confirm transactions on the Solana network. You can earn a commission as a validator on all rewards generated by people who ‘stake’ their coins with you. However, the costs of starting up can be expensive for many.
cardano graph

The Future Of Cardano (ADA)

THE FUTURE OF CARDANO (ADA)

WHAT IS CARDANO?

Cardano is a decentralized and open-source, public blockchain platform founded by Ethereum co-founder Charles Hoskison in 2015. Its internal coin, ADA, can be used to carry out peer-to-peer transactions on the platform.

The Cardano platform achieves consensus with a proof-of-stake protocol called Ouroboros. Unlike some other cryptocurrencies like Bitcoin and Ethereum, which are based on proof-of-work protocols. The proof-of-stake protocol is created to mine block transactions, such that the more coins you have, the more mining power you have.

The Cardano platform uses far less electricity to mine coins than proof-of-work protocols, making it a more sustainable coin, especially given that investors are looking for “green investments.” Cardano uses very little energy, consuming only 6 GWh, and the proof-of-stake mechanism is said to be 20000 times more energy-efficient than Bitcoin mining.

CARDANO MINING – CAN CARDANO BE MINED?

Because ADA is a pre-mined coin that does not use proof-of-work consensus, mining it isn’t easy. It can only be staked as a stakeholder representative on exchanges. Therefore, NO is the short answer to that question.

WHAT EXACTLY DOES STAKING MEAN?

 You keep your Cardano wallet online (the most popular is called Daedalus) and receive a proportion of your previously acquired ADA tokens as payment. The “Proof of Stake” approach, which confirms transactions using previously existing ADA tokens rather than utilizing hardware (as would be the case with Cardano mining), employs this method.

CARDANO PRICE PREDICTION FOR 2021

From a technical analysis perspective, ADA is currently trading above the $1.8 support level. We might get a 61.8 Fibonacci retracement to the $1.7 before the bullish trend continues.  We are expecting ADA to trade around the $4 level before the end of the year.

cardano graph

CARDO WALLET - HOW TO CREATE A FREE CARDANO WALLET IN INDONESIA?

Daedalus is one of the most widely used Cardano wallets in the community, similar to Blockchain for Bitcoin login. It’s one of the most reliable wallets to retain and manage your ADA because it’s open-source and sponsored by Input Output HK.

To begin transferring your ADA to a Stake Pool, follow these simple steps.

  • For your operating system, download and install Daedalus. The official wallet can be downloaded from the Daedalus website here

Also, make sure you’re on the right website and not downloading a fake version.

  • Select “Create a wallet” from the “ADD Wallet” menu at the bottom of the program. 
  • Create a sending password for your wallet and give it a descriptive name. This password is needed to verify that you are the one sending ADA from this wallet or using the wallet to participate in the network.
  • Create your personal 24-word recovery phrase. This phrase is used to retrieve your wallet on a new device or in a different wallet program, such as the Yoroi web version or the Yoroi mobile app. Also, multiple wallet programs can share the same wallet. Make sure you don’t lose track of your recovery phrase.
  • Click continue and complete the creation of your wallet.
  • After that, you’ll need to connect your wallet to the Cardano network. The Daedalus app will download a local copy of the network so you can interact with it quickly and see all of your wallet’s activity. You want to view any transaction history as it’s a new wallet.
  • You’ve now completed setting up your wallet, which will allow you to send, receive, delegate, and vote with your ADA.
bitcoin chart

The Future Of Bitcoin

FUTURE EXPECTATIONS OF BITCOIN -2022

The year 2021 has been a big year for Bitcoin and cryptocurrency at large. But what’s should we be expecting next?

This year we witnessed Bitcoin reach a new all-time high price.  Regulatory conversations are being held to significantly impact the sector and increase institutional buy-in from major corporations. Meanwhile, interest in cryptocurrency has soared this year, making it a popular topic among investors and in popular culture, owing to long-term investors like Mike Saylor, Elon Musk, and high school kids with small Bitcoin wallets. More Bitcoin logins and signups are experienced across various bitcoin exchanges.

In recent months, Bitcoin has experienced a lot of struggles from different angles. Sanctions, bans, and unfriendly cryptocurrency policies have been issued by governments of different countries to target the cryptocurrency market. News of Bitcoin wallets and exchanges being hacked also affected the price of Bitcoin.

Several countries now prohibit the use of cryptocurrencies as a form of payment but permit the possession of Bitcoin in your Bitcoin wallet. This comes when governments and central banks increasingly focus on central bank digital currencies (CBDCs) to retain legal tender sovereignty.

Like other countries, the Indonesian government warns that cryptocurrencies are a highly volatile asset class. On June 15, in a virtual meeting – according to Governor Perry Warjiyo. The Bank of Indonesia will prohibit the use of cryptocurrencies as a payment tool.

WHAT SHOULD WE EXPECT IN THE COMING YEAR

Due to fear of losing money, government regulations, and bans. Bitcoin experienced a free fall from its all-time high of $65,000 in April to around $28,000 in the last part of June. Many traders emptied their Bitcoin wallets and closed open positions due to the fear of losing more money. Some traders still hold on to their positions but are uncertain about what Bitcoin has for them in the coming year.

bitcoin chart

Therefore, this article is written to present to our readers what we think the future expectation of Bitcoin, from the research, carried out by our team in terms of price and acceptance by institutions, governments, and the general populace. In order words, the article will be divided into two parts: The fundamental analysis and the Technical analysis.

MAINSTREAM ADOPTION OF BITCOIN

In 2021, mainstream companies from various industries have expressed interest in cryptocurrency and blockchain and have even invested in them. AMC, for example, just announced that before the end of the year, it would be able to take Bitcoin payments. PayPal and Square, for example, are banking on cryptocurrency by allowing consumers to buy Bitcoin into their bitcoin wallets on their platforms. Tesla continues to waver on whether or not it will accept Bitcoin payments, although the firm owns billions of dollars worth of bitcoin in its bitcoin wallets. Experts expect that this type of buy-in will become more common.

According to research carried out by Blockchain.com in July 2021. They noticed an increase in the fraction of bitcoin logins and blockchain wallets transactions, with the most significant increase in Blockchain transactions and Bitcoin login coming from Peru, Indonesia, and India.

WHAT THE MAINSTREAM ADOPTION OF BITCOIN MEAN TO INVESTORS

While most individuals don’t see the value in paying for products with Bitcoin right now, more merchants and companies taking payments could change the scene in the future. It will likely be long before spending Bitcoin on products or services is a wise financial decision. Still, more institutional acceptance could open up more use-cases for everyday people, affecting Bitcoin pricing. Though nothing is sure, if you acquire bitcoin into your bitcoin wallets as a long-term store of wealth and value, the more “real world” applications it has, the higher the demand and value. Tesla continues to waver on whether or not it will take Bitcoin payments, despite having billions of dollars in the bank.

Companies like ESO Trans Digital, Nobi, and BCS Technology accept Bitcoin and other cryptocurrencies as payment in Indonesia. We expect more companies, small businesses, and merchants to embrace the opportunities Bitcoin offers: business growth and profit maximization.

However, some are expecting the government to change the classification of Bitcoin to a digital asset from a commodity. This change will increase the acceptance of Bitcoin as a method of payment by merchants and small businesses. Therefore, leading to an increase in the number of bitcoin logins to exchanges, which will increase the demand for Bitcoin and drive the price higher.

MORE BITCOIN REGULATION

In the future, we expect to hear more about Bitcoin regulations. Lawmakers and financial experts in Indonesia and around the world are trying to find out how to make cryptocurrency safer for investors and less appealing to bitcoin wallet hackers by establishing regulations and guidelines.

Meanwhile, US Senators are considering new legislation to strengthen Bitcoin tax reporting standards. Anti-money laundering programs can now track and catch them. Criminals will face more significant challenges in the future as regulators and law enforcement become more sophisticated in their approaches.” 

Ultimately, we believe regulation will be a good thing for the cryptocurrency industry. It will give people more confidence in cryptocurrency and encouraging more bitcoin signups from the general public. Though regulation will have costs, we believe it will accelerate cryptocurrency adoption, which is essential. Increased adoption leads to increased demand, which in turn leads to increased prices.

TECHNICAL ANALYSIS OF BITCOIN 2022

From a technical perspective, we are expecting Bitcoin to rally to around $90000 before March 2022. Currently, we can see that optimism is beginning to find its way into the Bitcoin market. The market has resumed its uptrend after breaking the $41,000 resistance. On September 6, we noticed the market breaking out of an ascending channel, trying to retest the $41,000 zone and hopefully continue in the upward direction.

For the short term, we expect the market to test the $60,000 region before the end of the year 2021. We might see a little reaction around the $60 000 resistance region. Suppose the market can successfully break through this region of resistance. In that case, we should be headed towards the $65,000 all-time high level.

From a long-term standpoint, we are taking a Fibonacci extension from the $10,000 region to the most recent low of $30,000. We get our 1.00 Fibonacci extension to be around the $90,000 region.

bitcoin login chart 2022 1

HOW TO BUY BITCOIN IN INDONESIA

Purchasing bitcoin and owning a bitcoin wallet in Indonesia is legal and straightforward. First, you must register and complete the bitcoin signup and Know Your Customer (KYC) process with a brokerage, app, or cryptocurrency exchange.

What Are the Requirements for Purchasing Bitcoin in Indonesia?

  • For the KYC (Know Your Customer) process, you’ll need a national identity card (KTP) or another recognized form of identification.
  • Because public WiFi may offer security risks, you’ll need a private and secure internet connection.
  • Open an account with a cryptocurrency exchange like Binance, Indodax, or Upbit that can operate in Indonesia. Always keep your bitcoin login details in a safe place.
  • Two-factor authentication requires a cell phone to validate your identity (2FA).
  • You can use a bank account to deposit fiat currency (Indonesian rupiah) to buy bitcoin into your bitcoin wallet.
  • To store Bitcoin, you’ll need a bitcoin wallet. Although most exchanges provide built-in wallets, using a cold bitcoin wallet or added security is preferable.

Steps to Buy Bitcoin in Indonesia

  • You will need to register and signup with an exchange. Never share your bitcoin login details with anybody.
  • Complete the KYC verification phase.
  • Following verification, you’ll need to make a fiat deposit, which you may then use to purchase Bitcoin. The local fiat currency, the rupiah, is accepted by all registered exchanges in Indonesia (IDR). You will fill in your bitcoin login details and make Rupiah deposits to the exchange fiat wallet, which is subsequently used to purchase Bitcoin (BTC) that will be later stored in your bitcoin wallet.
  • Buy Bitcoin: Once the deposit is confirmed, you can now place an order on the exchange to purchase bitcoin into your bitcoin wallet.

THE FUTURE OF BITCOIN

In conclusion, based on our analysis, we can speculate what value Bitcoin will have for investors in the future months and years. However, the reality is that it is still a new and speculative investment with a bit of history on which to make predictions. No one knows what the future holds. Still, we can make speculations with our experience in investing, analytical tools, and data available to us. That’s why, for long-term wealth accumulation, you should only invest what you’re willing to lose. Keep your crypto investments minimal and safe in your Bitcoin wallet. Don’t share your bitcoin login detail with people. Never prioritize them over other financial goals such as retirement savings and debt repayment.