The Essentials of Crypto as a Digital Asset
Further exploration on the use of crypto assets in a #SelasaStartup session with Nobi's Founder & CEO, Lawrence Samantha
Before the Bitcoin price went public, Lawrence Samantha, who currently serves as Founder & CEO of a cryptocurrency investment platform called "Nobi", was already interested in studying this digital asset based on blockchain technology. With a programming background, he began to explore the various types of digital currencies until he finally believed that crypto was the most perfect digital asset.
However, behind the perfection of crypto assets, there are many things one must learned in order to understand the whole process. Although crypto assets in Indonesia are currently limited to commodities, there are already several platforms that offer easy ways to profit from various types of crypto assets, one of which is Nobi.
In addition, Lawrence also said some other reasons to encourage people to invest in crypto assets. The decentralized technology on top of the blockchain platform allows users to monitor movements and carry out transactions without intermediaries, in other words, this technology offers a more transparent system. In terms of price, one of crypto's many variants, Bitcoin, is referred to as the asset with the highest increase over the last 10 years.
Several facts mentioned above will sound tempting to some people. However, with all the advantages it has to offer, it is important to learn the whole practice of crypto as a digital asset.
Risk profile and high volatility
With the high level of security offered, crypto assets are also known to be highly volatile, meaning the price can go up rather quickly and then suddenly drop as well. Then, the question arises, are crypto assets suitable for the market in Indonesia?
Quoting from Coindesk, "Crypto markets are volatile because there’s no central authority to stop them from being so. Crypto asset prices, therefore, can be assumed to represent investor sentiment more fairly. This hints at what a “pure” market could look like."
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