You Are Planning to Invest in Crypto Assets Here’s What You Need to Pay Attention to – 2024-07-19 11:42:54

Illustration (AFP/Ozan KOSE)

CRYPTOCURRENCY or crypto assets are a type of digital asset that is popular in various countries, including Indonesia. However, investing in crypto assets requires careful preparation to avoid major losses.

The Pintu Academy team summarizes several important things to consider before investing in crypto assets.

1. Know crypto terms

Understanding basic terms like blockchain, bitcoin, altcoin, bearish, bullish, HODL, and whale is essential to understanding the crypto world.

2. The crypto asset market is very volatile

Crypto prices can go up and down quickly. Investors need to be prepared for this volatility and not make impulsive decisions.

Also read: Bappebti: Comprehensive Understanding is Needed for Crypto Asset Transactions

3. Don’t believe all the information on social media

Be careful with information from social media. Look for neutral sources of information and do your own research.

4. Beware of fraud

Also read: These are the Basic Principles of Crypto Investment for Beginners

The crypto industry is prone to scams like phishing. Make sure to always do your research and not rely on others in crypto investment.

5. Do your own research (DYOR)

Always do your own research before investing. Read, ask questions, and discuss with others to get accurate information.

Also read: 2024 Crypto Literacy Month Series Supports Increasing Crypto Asset Education and Literacy

6. Understand the momentum

Timing in crypto investment is very important. The principle of buy low sell high must be adhered to to maximize profits.

7. Start slowly

Start with small amounts and use cold money. Increase investment as your understanding and experience increases.

8. Invest in applications registered with BAPPEBTI

You can start investing in various crypto assets through applications that are registered with BAPPEBTI that are safe and easy to use, one of which is Pintu. (Z-1)