Bitcoin is an electronic currency (virtual currency) that was discovered and created in 2009 by Satoshi Nakamoto. Same as the dollar, If offroad bitcoin can be used in many places, most commonly usually bitcoin used as a means of payment to shop online and can be used to transact online.
Since its inception, bitcion continues to experience a surge, even abroad like US they prefer to invest their money in bitcoin form instead of buying gold, because its value is faster change and tend to always increase along with the increasing number of users..
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The Shadow of Crypto Currency Risk!!!!
In Indonesia, the number of enthusiasts alias crypto currency investors are also growing. According to Bitcoin Indonesia, the largest domestic exchanger company, there are about 550 thousand people who have joined to invest. Though only recorded about 50 thousands of people in 2015.
Bitcoin, introduced in 2009, as a global digital payment tool with no geographical boundaries, began to disrupt into commodity goods-used as an investment asset. Bitcoin is touted as "digital gold". However, different perspectives from the Indonesian government. Bank Indonesia (BI), as the regulator actually assess investing in crypto currency is very high risk.
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As a currency or a means of payment, Bitcoin and other crypto currencies are denied. Because in the law in Indonesia, he is not valid if used as a means of payment. However, its circulation is by no means forbidden, as long as it is considered a commodity, like gold.
But as is known, five years ago the price of BitCoin only 120ribu rupiah. In 2017 BitCoin set a record high of 2,000 US dollars (about 26.6 million rupiah). Currently, bitcoin.co.id sells a bitcoin worth 50.6 million rupiah.
In addition to BitCoin, the popularity of digital currencies such as Ethereum, Ripple, and Litecoin also began to undermine market share. BitCoin Transactions are getting bigger and slower transactions are referred to as the reason for the growing demand for other digital currencies.