JAKARTA - People who invest in cryptocurrencies are certainly not just anyone. Given the high level of cryptocurrency volatility, not just investors can enter this trending crypto exchange.
This was disclosed by Sidharta Utama as Head of the Commodity Futures Trading Supervisory Agency (Bappebti). According to him, there are several criteria for investors who are suitable for entering crypto exchanges. One of them is the courage to take a high risk or high risk.
Sidharta explained that those who want to become crypto investors must be able to understand the very fast changes in cryptocurrency prices. Therefore, potential investors who do not dare to take high risks should invest in assets that have low or low risk. Because they will not conform to crypto patterns.
"It's better to avoid and give up crypto assets. As bitcoin is on the rise tremendously. But some time ago Bitcoin had fallen by 70 percent. It needs to be understood, ”he added as quoted by CNBC Indonesia, Tuesday, April 27.
Sidharta also added that each crypto asset has its own type. Therefore, investors must be able to ensure that the crypto assets they choose have high liquidity.
"Then from the security side, because this means you have to choose which one is safe. Lastly, never believe the promise of a definite profit. That is impossible, "he explained, who is also a lecturer at FEB University of Indonesia.
The Head of CoFTRA revealed that during this global pandemic, crypto money such as Bitcoin, Ethereum, Dogecoin and so on had an increasing price.
"Prospective investors must understand what crypto characteristics are," said Sidharta.
Based on a report from CoinDesk, the price of Bitcoin fell to a price of 52,148 US dollars (around Rp.756 million) last Sunday. Whereas previously, Bitcoin managed to touch an all-time high or an all-time high at a price of 64 thousand US dollars (equivalent to Rp 940 million) on Wednesday mid-April.
Even so, crypto investors are advised to be careful because of the many scams, ponzi, and scams that are rampant and lurking crypto owners.
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