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The Season for Cryptocurrency

Monday, May 24, 2021

Millions of Indonesians are betting trillions of rupiah on cryptocurrency. Unpredictable fluctuations do not seem to deter those hoping to make quick profit.

arsip tempo : 171362079574.

A crypto investor is pictured monitoring the movement of Bitcoin on his computer screen and mobile phone at a café in Jakarta, May 20. The Indonesian Blockchain Association (ABI) revealed that, according to Indodax’s record, there are currently 1.7 million bitcoin players in Indonesia. Tempo/Tony Hartawan . tempo : 171362079574.

IN the capital market, when stock prices plummet, novice investors will usually sell their stock to avoid greater losses. But seasoned investors tend to use the opportunity to buy stock in large quantities.

The same phenomenon can currently be observed in the cryptocurrency market, where the values of top assets are dropping. Some crypto coins owners—5.6 million people in Indonesia—are choosing to sell. But others, with deep pockets,

...

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