#Club100 || The development of cryptocurrencies in Indonesia and tips for safe investment

May we all always be healthy in carrying out all daily activities, amen.

Today, I want to write a little about tips for investing in the crypto world, especially for beginners, because I am also not an expert, this article is based on a little personal experience and also reading news about crypto events or developments, especially in Indonesia.

Indonesia as one of the world's people who cannot turn a blind eye to the development of cryptocurrencies, where its existence has been recognized in many countries, and its existence cannot be doubted. There may be hundreds or thousands of cryptocurrencies currently circulating or traded in various world markets. However, for now, Indonesia only knows as many as 229 types of cryptocurrencies.

In Indonesia, there is an organization called the Community Futures Trading Supervisory Agency (Bapepti) which is tasked with overseeing cryptocurrency trading in Indonesia through various markets. They recently released 229 recognized cryptocurrencies. This is very important, especially for beginners.

With the rapid development of cryptocurrencies today, it requires carefulness in choosing the right place of investment, as well as adequate technological capabilities, because tokens and cryptocurrencies are completely dependent on a decentralized blockchain, you cannot cancel transactions that are already running.

Some basic things that must be understood in my opinion are. :

1. Good mastery of technology, because all blockchains use digitization, must be able to operate this so that fatal errors do not occur, computer technology skills are absolutely necessary.
2. You must have a wallet, a well-protected digital asset storage
3. Store key-passwords properly, because losing key-passwords means letting someone else steal your assets, and you have nowhere to complain about the loss.
4. You can study the portfolio of coin type price fluctuations for the token you are going to buy
5. It is better to choose a type of crypto that has been tested several times by price fluctuations, but does not rule out the possibility to benefit from tokens that are not yet popular.
6. Recognize scammers or fraudsters, usually they offer certain prizes to attract their victims, or also use fake accounts to deceive their victims, by copying other people's photos from social media, maybe people we know, please be aware of this mode.
7. Get to know the website that you open correctly, don't be fooled by fake websites that guarantee you will lose assets.
8. you should choose a type of crypto or token that has been recognized in your country.

This is a little note from me to share, hopefully it will be useful,