Bitcoin prices skyrocketed, this is what you need to pay attention to investing in cryptocurrency page all

JAKARTA, KOMPAS.com – Cryptocurrency or cryptocurrency increasingly popular along with the increasing price trend.

One of the popular ones is the Bitcoin crypto asset.

In trading Wednesday (11/18/2020), Bitcoin managed to be at its highest level in the last three years, by touching the figure of 20,000 US dollars or equivalent to Rp 282 million (assuming an exchange rate of Rp 14,100 per US dollar).

Also read: Once dim, now the price of Bitcoin has reached Rp. 282 million, how come?

Since the beginning of this year Bitcoin has continued to strengthen.

Until 18 November 2020, it was recorded that it had increased by more than 150 percent. Even though the digital currency has been dim since 2017.

Despite investing in cryptocurrency currently quite tempting, but there are things that need to be considered so that you don’t just follow trends.

Because, it is important to know the investment instrument to choose from.

VP of Business Development Pluang, Humprey said, crypto currencies can certainly be an option for investment.

But keep in mind that the risk of investing in this instrument is very high.

Humprey stated, crypto can indeed provide very high profits, but it can also provide very deep losses.

The principle is high risk, high return.

“Indeed, this crypto algorithm is quite unique, so it might be a bit difficult to predict. So that it can go up quickly, it can go down quickly,” said Humprey in a virtual discussion about investing and saving behavior, Thursday (19/11/2020).

Therefore, Humprey emphasized, when you want to invest, pay attention to your own profile as an investor, whether you are high risk enthusiasts or not.

If not, it’s better to buy another investment instrument.

“If you are one of those who like risk, take crypto. But if you prefer something safe, you can go to gold or state bonds,” suggested Humprey.

According to him, there is no one investment instrument that is better than other instruments.

Also read: Salip Mark Zuckerberg, Elon Musk Becomes the 4th Richest Person in the World

Because, each investment instrument has its own advantages.

There are those who are at high risk but have the potential to provide huge profits, but there are those with very low risk but small profits.

So, in investing what needs to be careful is the investor when determining the instrument.

Don’t take high risks even though you are used to being at low risks.

“So it depends which one you prefer, as a high, medium, or low risk investor profile,” concluded Humprey.

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