Many people see the price of bitcoin as too high, making them think, 'ahh the price is already high, it's too late to enter now.' Did you know that this phrase is often said by many people when seeing the price of bitcoin at $1, $100, $1000, and eventually soaring to $100k+? I once witnessed the price of btc at $300, at that time I was very optimistic that btc could not rise high again, btc was too expensive. Then in 2020, BTC reached an ATH of $29k, I thought this was the last ATH, it was too expensive, no need to buy, at that time there were many rumors that BTC would go to $100k but I thought that was impossible. But now, the price of bitcoin has surpassed $126k. Nothing is impossible in the crypto world; anything can happen. Start gradually accumulating bitcoin now, little by little it becomes a hill. Maybe many of you always imagine wanting to have a time machine to go back to 2010 when the price of bitcoin was so cheap, even in 2010, 10,000 bitcoins could be exchanged for 2 large pizzas.
Pizza worth 10,000 BTC now valued at:
10,000 BTC × $75,900 = $759,000,000 (≈ Rp12 trillion!)
So beautiful! Living in abundance with that much money feels like living in paradise. Is it too late now? Certainly not. Here are some reasons you might consider:
Supply Bitcoin
Bitcoin has a maximum supply of 21 million coins. This is similar to gold but cannot be printed as freely as fiat money. Theoretically, supply remains constant, and an increase in demand will tend to drive prices up.
Effects of halving (reduction of new supply)
Every ±4 years there is a 'halving' → miner rewards are cut in half. The impact: the new Bitcoin entering the market becomes less, selling pressure decreases, and historically, it is often followed by price increases.
Institutional & country adoption
The community started small and eventually grew large, with big companies starting to hold BTC. Additionally, Bitcoin ETFs have been approved in several countries, and there are even countries like El Salvador that have made it legal tender.
Function as digital gold
Bitcoin is often considered an alternative to gold because it cannot be censored, can be sent anywhere, and most importantly, is not dependent on banks. This factor is especially supported during high inflation and economic instability.
Technology & network security
The Bitcoin network has been running since 2009, its security is also very difficult to hack, and the system is decentralized (not controlled by a single party).
Narrative & market psychology
The price of BTC always becomes a hype for both young and old, there is always a bear and bullish cycle, and you can take advantage of the conditions to trade accurately.
If you want to start buying Bitcoin, don't just buy on impulse. There are several important things you need to prepare so that it's safe and you won't regret it later. Check it out:
Mindset and Goals
Most importantly, determine your mindset and what your goals are for buying bitcoin. Do you want to buy for long-term investment or just for trading, and equally important, you must be prepared for the volatility of price fluctuations.
Funds Used
Many people make mistakes in using investment or trading capital. Some people still use hot money (money for needs), no no no! Use cold money so that when the price drops 30-50% (normal in crypto), you are not worried because the money you use is cold money (not daily needs). Be careful not to use borrowed money, emergency funds, especially wedding money, because if the price drops, it could jeopardize your wedding!
Choose platform (exchange)
Equally important, determine a trusted exchange platform for investment or trading. Using Binance has been trusted by hundreds of millions of users, in addition to Binance being a legal and trusted exchange with clear fees!
Account Security
Hey, this is often overlooked, many users are still lazy to strengthen their account security. Here are ways to strengthen your account security: 1) Enable 2FA (Google Authenticator); 2) Do not share passwords/OTP codes; and 3) Avoid clicking suspicious links.
Understand the basics of Bitcoin
Learn the basics of bitcoin such as: What is blockchain, why can prices go up and down, and what is a wallet (hot vs cold).
Buying Strategy
Determine a safe strategy by using DCA (dollar-cost averaging) and avoid FOMO when prices soar.
Be aware of risks
Be careful with the rampant scams and frauds that occur, avoid misleading influencers, and always be prepared for sudden price crashes that can happen.
If you know the trend of Pokémon cards where some cards can reach hundreds of millions, we can see that the concept of Pokémon cards is Limited + Demand generates high value, just like Bitcoin has the potential to remain relevant and rise because of this.
Scarcity + adoption + global trust
Let's just start! Instead of dreaming of going back to 2010, let's save your bitcoin starting from Rp.100,000! Gradually collect your bitcoins until they become a hill!
Always remember to DYOR (Do Your Own Research)!
Do your own research before making decisions, especially in the crypto world like Bitcoin.
#BuyBitcoin