This Year Is The Right Momentum For Crypto Investment, Here's The Explanation!

Crypto illustration (Photo: Doc. Antara)

JAKARTA - The year 2023 is considered the right momentum to invest in crypto assets such as Bitcoin. Moreover, Bitcoin will enter the halling day phase.

Indodax CEO Oscar Darmawan said, for novice crypto investors who want to invest in crypto, this year is the right momentum.

"Because soon Bitcoin will enter the 'haling day' phase, where this phase greatly affects the increase in Bitcoin prices," he said, quoted from an official statement quoting Antara.

After Bitcoin Halfing, the price increase in BTC will occur slowly and will eventually reach its peak.

Setelah mencapai puncaknya, harga akan turun dan membentuk posisi support baru yang biasanya lebih tinggi dari posisi support sebelum halving.

As an industry actor, Oscar suggested that investors need to choose a legal and registered crypto exchange from CoFTRA, one of which is Indodax.

In addition, he also suggested that investors use cold money to invest in Bitcoin.

"Cold money is money that is not used for daily interests and urgent interests," he said.

Beginner investors need to understand that investing in Bitcoin and other crypto assets poses a high risk.

"By using cold money to invest in Bitcoin, investors will not rush to sell if prices are down and can maximize the profits they get," explained Oscar.

Oscar also gave tips for investors to do independent research to understand the fundamental and technical conditions of Bitcoin so that they can determine when is the right time to buy or sell so that they can maximize profits.

"Sometimes I often encounter a lot of novice investors who FOMO and only come to buy without considering the trading plan that has been made," he said.

As additional information, Indodax has an offline counter that can be used by service users to consult at the DKI Jakarta and Seminyak Sudirman Business Centers and Canggu in Bali.

DonIndo dax, Bitcoin and other crypto assets can be owned by anyone easily and safely starting at a price of IDR 10,000.

Based on Indodax's monitoring, the price of Bitcoin on March 21, 2022 at 11.00 amounting to Rp428 million has increased by 65 percent when compared to the price on January 1, 2023, where the price of Bitcoin is still perched at Rp260 million.