Its Value Has Been More Than Rp 140 Million, Bitcoin Transactions in Indonesia Are Still Small
Based on the daily bitcoin discussion shows that BTC owners survive in the market to correct themselves after falling early in the month. According to CoinDesk contributor, Omkar Godbole, the bearish market is trading below December and January highs, but the outlook will increase. "Current trend line resistance reaches USD 12,300 and the 5-day and 10-day trends support more bullish market behavior," Godbole said, as reported by Express.
Meanwhile from within the country, the existence of Bitcoin in Indonesia still does not yet obtain legality from the government. According to the CEO of Bitcoin.co.id, Oscar Darmawan, Bitcoin transactions in Indonesia are still very small, far different from large transactions in Japan, South Korea and China.
"The transaction volume in Indonesia is not up to 10 percent of the volume of transactions worldwide. So it's still small in Indonesia, in fact only one to two percent, "Oscar said in Jakarta on Monday (19/2), as reported by Republika. However, he is still not willing to mention the exact number.
Therefore Oscar believes that with any news in Indonesia, including the ban of Bank Indonesia (BI) on all forms of transactions using Bitcoin, it still does not affect Bitcoin transactions globally. At present the news about the legality of Bitcoin is still a hot topic to discuss.
"So any news doesn't have an effect on international prices. That is because the transaction volume is not up to 10 percent of the volume of transactions worldwide, "Oscar explained. Oscar also added that news related to illegal currency for payment transactions is not only aimed at cryptocurrency, but also other currencies such as US dollars, Euros, and so on. "So it's not new," he said.
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