.Author Kiki Safitri | Sakina Rakhma Editor Diah Setiawan JAKARTA, KOMPAS.com - The unfinished condition of the corona virus or Covid-19 pandemic has made various investment sectors volatile. However, what about the profit of bitcoin cryptocurrency (BTC) during the Covid-19 pandemic? To what extent has Bitcoin been able to withstand this epidemic? Triv's Business Development Manager Jordan Simanjuntak said, during the Covid-19 pandemic situation, there were many investment instruments that fell out.
In fact, some assets require a bailout from the government. However, he assessed that bitcoin investment still has the potential to gain profit amid the current uncertain conditions. "But bitcoin here is proven to be a safe haven asset from global uncertainty. So I think bitcoin will continue to be favored by investors in a situation like this, "Jordan told Kompas.com, Tuesday (12/5/2020). Meanwhile, Jordan assessed that bitcoin price movements amid difficult economic conditions are still attractive. Since January 2020, bitcoin has increased even though on February 13 to March 16, 2020, it fell 56.37 percent. "But I think this is actually the (right) time to buy, because after (16/3/2020 until today) bitcoin has risen by 44.14 percent," he added.
On Friday (8/5/2020), the price of bitcoin touched IDR 150 million and was the highest price since last August 2019. Jordan assessed that there were many factors that influenced the increase, one of which was the halving or cutting value. "Of course there are a lot of things that influence the increase. But what is certain and the main thing is thanks to the halving, "he added. Jordan also said that the success of the halving in previous years was certainly a strong reason for the increase in bitcoin prices this time. On the other hand, market confidence in bitcoin investment is also the driving force for the increase in bitcoin prices.
Meanwhile, Jordan concluded some tips that traders could do to survive bitcoin investing in today's uncertain economic conditions, including the following.
1. Market analysis If you are a trader, it is very important to have the knowledge of technical analysis. Because technical analysis will minimize potential losses and increase potential profits.
2. Using DCA If you plan to invest in bitcoin, with just barely enough funds, you can take advantage of Dollar-Cost-Averaging (DCA) or routine savings to ease your investment and minimize losses.
3. Allocation of funds When making an investment, make sure you do not use funds for daily needs or even emergency funds. Use investment capital that is prepared for investment.
4. Choose a trusted crypto exchange. If the investment will be used for emergency funds, then choose a crypto exchange that is liquid with the 24 hour deposit withdrawal method. This is important, because a situation like this forces you to be ready in any condition, including your investment funds whenever you need.