JAKARTA – Recently, crypto assets such as Bitcoin have been considered as one of the most promising investments. The reason is, the price of Bitcoin can soar. Unfortunately, tempted by huge profits, novice investors overlook a number of important aspects of investing in Bitcoin. In the end, they lost. Please note, the most fundamental thing in investing in Bitcoin is choosing a service that has been supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA). In addition, there are three aspects that must also be studied before choosing a crypto asset investment instrument. Here’s the review.
1. Tailor to Investment Needs
Every investor has different needs, goals, ways of thinking, and investment styles. Each investment instrument also requires a different strategy. Therefore, before investing, first understand these things. For example, day trading is not the right model for those of you who don’t like to take high risks, want to invest for the long term, and don’t have deep technical knowledge of Bitcoin.
As is known, analytical skills are also one of the important factors that must be owned by investors. Because, you have to pay attention to a number of things when investing in Bitcoin, ranging from asset security, legality, adoption rates, number of users, to other aspects that can affect the price of Bitcoin.
2. Research Before Investing
At any given time, you can get Bitcoin for a low price. For example, when the beginning of the week or Bitcoin reaches the support line or the lowest price. In addition, the price of Bitcoin can also be affected by well-known figures or influencers. These conditions make you have to be observant to read market conditions and look for the latest information related to Bitcoin. This way, you can buy Bitcoin when the price is low and sell it again when the price is higher.
3. Investing Consistently
You can save Bitcoin in small amounts, but regularly. In the investment world, this strategy is known as dollar-cost averaging (DCA). If you are looking for long-term profits and don’t have much time to monitor market prices, you can apply the DCA strategy. This means that you can save Bitcoin regularly and consistently even in small amounts. That way, you will get an average price that is not affected by high or low prices.
To make it easier to invest in Bitcoin on a regular basis, you can use the Luno Indonesia digital application. With the Repeat Buy feature, you can set up Bitcoin purchases automatically. In addition, you can also monitor Bitcoin price movements and get the latest information through the application. Not only Bitcoin, you can also access other cryptocurrencies, such as Ethereum, Ripple, and Litecoin at Luno Indonesia. You can get crypto instantly with no hidden fees. To be able to access these services, you only need to pay a service fee of 0.75 percent. The capital required to start investing is also relatively small, which is IDR 25,000. Through Luno Indonesia, potential investors can invest safely, legally and easily. This is because this application has been monitored by CoFTRA. To get complete information about Luno Indonesia, you can visit the following link: https://www.luno.com/