Investing In Bitcoin Is Getting More And More Popular, Big Investors Have Been Buying Bitcoin Since The End Of October

Illustration. (Photo: Pixabay)

JAKARTA - Bitcoin is one of the crypto assets whose price is in an uptrend. However, investors need to learn how big investors can buy Bitcoin with big money.

The price of Bitcoin rose to IDR 932 million in the second week of November 2021. This was indeed due to high demand, such as giant purchases.

Because the Bitcoin bull run will continue, large investors or so-called whale investors have already taken steps to buy Bitcoin.

"Most of the volume of Bitcoin, lately happened because of large transactions. As happened in late October and early November 2021," said Ki Young Ju, CEO of CryptoQuant, in his analysis, recently.

According to him, this is a clear increase from mid-October 2021. These transactions can occur every week with up to hundreds of millions of dollars in one transaction.

Now, it is true that investing in Bitcoin is an investment that is currently being loved, especially since it has obtained legality from the Ministry of Trade or under BAPPEBTI. Novice investors or traders, need to learn about Bitcoin, before buying this crypto asset.

How to learn bitcoin trading

Traders can actually learn from the internet. Because there are lots of tips and tricks as well as learning tutorials that can be obtained for free about learning Bitcoin and crypto.

Not only on Google and on Youtube, novice traders or investors can learn from social media because there are already many Bitcoin influencers. No need to worry, there are already many influencers and articles in Indonesian.

There are many seminars on Bitcoin that novice traders or investors can attend. As with other seminars, seminars are usually conducted for a fee and usually guarantee that traders or investors can understand.

Learning can be obtained from books. There are many books on Bitcoin and crypto that can be a reference and reading material. Currently, there are many books about learning Bitcoin in Indonesian.

How to buy bitcoin

1. Create an Account

Traders or investors before buying Bitcoin, must register or create an account on exchanges or market places. This is so that novice investors or traders can exchange their money into bitcoin and other crypto assets.

Registration can be done online, through the application or through the website. It can be found on Google Playstore and Apple Store. Beginner traders must register by entering their name, identity number, mobile number and email.

2. Get KYC Verification

After the account is successfully created, the novice investor or trader will get KYC verification. This must be done, otherwise the transaction will not be possible, even though you already have an account.

The KYC verification process is an important process as a security and anti-money laundering process. Some of the KYC verification processes in the form of uploading photos, real names, and others. This process usually takes one business day.

3. Deposit and Buy Bitcoin

Deposit is placing Rupiah money into the account. Later, the money will be exchanged in the form of crypto assets. Furthermore, it will be invested or the money will rotate according to the ups and downs of the Bitcoin or altcoin purchased.

4. Withdrawals

After making a profit, the investor or trader makes a withdrawal. Withdrawal by exchanging Bitcoin or altcoins. After that, the money that has been exchanged is withdrawn to the account.