Hello EBO Viewers , Maybe you are confused, how to invest in bitcoin and how much profit you get and how the risks are, before deciding to invest in bitcoin there are some things that you must know, I divide into 4 things that you must know before investing in bitcoin.

When it was first launched, only a handful of people believed in bitcoin. After Nakamoto mined his first bitcoin (referred to as the genesis block ), the official bitcoin network operated. The first person to download the bitcoin application was Hal Finney, a computer scientist who is also a cypherpunk (the name for people who fight for cryptography). He then received 10 pieces of bitcoin from Nakamoto.

But Nakamoto disappeared after successfully mining a lot of bitcoin, estimated to reach one million pieces in 2010. In the same year, a commercial transaction using the first bitcoin occurred. Computer scientist Laszlo Hanyecz bought two Pizza pans from the Papa John's Pizza shop for 10,000 bitcoin.

Get to know your investment products

Of course in this case it is to recognize what bitcoin is , investment experts say "do not invest in instruments that you do not understand" so before deciding to invest, you must know very well, What is Bitcoin, How Does it Work, Get to Know Blockchain Technology , and everything related with bitcoin.

Choosing a Bitcoin Investment Platform

Do not let the wrong choice, because you will trust this platform to protect your digital assets, actually for bitcoin itself, you can store it in your own wallet where only you can open it, by using the Private Key. But most lay people are certainly not familiar with private keys. fear that when the private key is lost, no one can save your assets.

For beginners it's better to find a trusted Bitcoin Wallet provider . so that the funds you invest in are safe. now there are many bitcoin wallet providers and you can sell it directly in rupiah, such as Luno , or a wallet that is also able to trade like indodax . the two wallets are already official and legal entities. so no need to hesitate to save your digital assets in the two wallets.

Differentiate Between Investors and Bitcoin Traders

Many people misunderstand these two professions, you have to be able to distinguish between Bitcoin Investors and Bitcoin Traders , investors generally set aside the money they have and keep it in the form of assets like bitcoin, and store it in a certain period of time. there is within 1 year 3 years there are even up to 5 years or 10 years, while traders, they generally do not save too long, traders take advantage in a shorter time by selling and buying assets they have.

Invest with cold money

Bitcoin investments do not have to spend all your assets to buy bitcoin. use only a small part of the assets that you have. where when the assets do not work the way you want, you will not feel disappointed. Just imagine, when the price of bitcoin was only $ 1 in 2010, if you bought just 1 million rupiah at that time, now it is worth 7.5 billion. BTC = $ 7,500. so it doesn't matter how much nominal you invest, but how strong you can protect the assets.

Keep in mind, the price of Bitcoin will definitely not continue to rise, of course there will be a price decline because of adhering to supply and demand. like in 2018 then the price of bitcoin dropped dramatically, but who would have thought, the price of bitcoin 2019 is recovering even up more than 100% from the beginning of 2019.

well, here are tips on investing in bitcoin . 4 tips above, is my personal experience when I started to know bitcoin, hopefully these tips are useful for loyal readers of this blog. greetings profit!