Bitcoin, Blockchain, and Cryptocurrencies can be hard to understand at the best of times.
The news says it’s a bubble, Twitter is full of noise, and you’ve got that friend that thinks they know everything.
It may seem impossible.
But there are ways to understand it, right here in Indonesia. Without repeating what’s been said in other articles, we’ve got a list of things that will be helpful to beginners and experts alike.
Here are 10 things to know about the Blockchain space in Indonesia.
1) Meet, Greet And Learn At Co-working Spaces
Indonesia is rife with Co-Working spaces and these can be the perfect place to become introduced to the Bitcoin and Blockchain space.
Indonesia, and Bali in particular, seems to be attracting people that live, eat, sleep and breathe Bitcoin. And their arena of choice is the coworking space.
Many Co-working spaces offer blockchain and cryptocurrency seminars where you can ask well-versed people on the subject any question. And when it comes to Bitcoin, there’s no such thing as a dumb question.
2) Blockchain Zoo
With spaces in Ubud and Jakarta, the Blockchain Zoo is great for companies interested in integrating Blockchain into their industry. It’s also great for working individuals to get amongst people at the forefront of Blockchain in Indonesia.
3) Blockchain Conferences
Enthusiastic about learning more and have $250 to spare? The Southeast AsiaBlockchain Summit is happening in Jakarta this November.
For those interested in the industry as a career, networking and rubbing shoulders with those at the forefront of the technology is probably the best way to get noticed.
These are usually technical and industry-specific. If you are new to the space, $250 could probably be better spent elsewhere.
4) Put Yourself Out There!
Finding likeminded people has become much easier since the advent of the Internet. For Bitcoin or Cryptocurrency gatherings, meetup.com provides their users with the various possible meetups that members can attend.
If you are interested in the space these can be great introductions and advanced places to meet like-minded fellows from beginners to experts. Both Jakarta and Bali have various Cryptocurrency meetups spread throughout the year.
5) Only Use Trusted Exchanges
This is often the biggest fear for people entering the crypto world: “Can I trust the exchanges with my money”?
For buying in Rupiah, IndoDax (formerly bitcoin.co.id), is considered the most trusted, with almost 1.5million users.
6) Store Your Coins Offline
Once you’ve purchased your coins, leaving them on an exchange can make them susceptible to hackers.
Storing them in “Offline Wallets” is the most responsible way to keep them safe.
A Nano Ledger or Trezor is are the most recognized Offline Wallets on the market.
But before you do any of this, it’s prudent to get informed about Bitcoin before putting hard earned cash towards it.
Here’s some recommended reading from the best of the best on Bitcoin
7) Mastering Bitcoin By Andreas Antonopolous
For the coders.
8) The Bitcoin Standard By Safeidean Ammous
For the economic philosophers.
9) This Machine Kills Secrets By Alan Greenberg
For a history of cryptography.
Remember, in the Bitcoin world, DYOR (Do Your Own Research) is an essential tool if you wish to be safe.
Don’t be a sucker for FOMO. Double check sources, don’t believe everything you read (including this!) and only take risks you can afford to lose.
Learning about Bitcoin can be difficult, but as has been previously stated, one thing is for sure:
So it’s worth investing some time understanding the phenomenon.