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bitcoin age i think more than 10 years. As i remember that in the first time bitcoin launch (even after the third years) no body knows or even care about bitcoin (well known as cryptocurrency). We understand this situation because they don't believed about cryptocurrency and the impact is the bitcoin price was very cheap.
As time goes by people wonder to know about bitcoin (cryptocurrency) and the impact of it the value price increased and booming about 2015 to 2016, the bitcoin price more that 21,000 - 22,000 USD. But we realized all currency is unstable even cryptocurrency, the impact is bitcoin price nowadays is in the low price, but i keep optimist that the price will raise again.
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As you know today situation are all cryptocurrency price is in the low level price. in my opinion the right decision is we keep invest on cryptocurrency if possible we invest as much as possible. What we can do is we purchase cryptocurrency meanwhile so many people sell it in the low price (because some of them are worried of nowadays situation). We keep monitoring the cryptocurrency price in the marketplace or in the trading platform, waiting for the best time to sell.
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Well as you know that right now all cryptocurrency price is low and down. i think the best idea for now is to invest in cryptocurrency as much as possible. We purchase cryptocurrency in low price while so many people sell it. After that we keep monitoring the price in the marketplace, waiting for the right time to sell. So we will get a great income for it right? As you know that this situation already happened (maybe 4 to 5 years ago), so i think we have to keep optimist that cryptocurrency will raise again.
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Let me add the information about this great news, in my own experience i try to purchase some goods from amazon.com and alibaba.com and pay those goods using bitcoin and i surprised it works. in indonesia i can purchase a drink in starbucks and it works, because in teller they inform that "receipt payment by bitcoin". Another additional information, bitcoin also accepted as a payment methode in many hotel and restaurant in Bali Island.
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Well, in my opinion central banks and fiat currencies are needed. You know why ? Because one of the central bank function are tto achieve and maintain the stability of fiat currency values manifested in the stability of goods and services, as well as stability in the currencies of other countries, to regulate and maintain a smooth payment system, as a parameter to define interest rate and economy. The central bank also has the role of overseeing, evaluating and fostering banking activities as financial intermediary institutions.
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Actually i lived in indonesia, but if you don't mind i can suggest you to use Paypal to convert BTC to Fiat money. I suggest this since i know that BTC can convert to paypal, after you convert to paypal and than you can withdraw from paypal to local bank transfer. I just compare that in indonesia more easier to convert BTC to local bank through local trading market such as triv.com and indodax which automatically can transfer the amount to local bank.
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Actually in my opinion in this situation (which are BTC and other cryptocurrency rate are down or in the low price), the right one is invest on it. The best solution is purchase (invest) as much as possible on the cryptocurrency (since the price is on the cheap one), wait for the right time to sell it. Keep watch and monitoring the market value to find the right time. Grab information from many source (i usually find the information from some trading market such as idex, coinmarketcap and etc).
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Before you join in the trading market, i suggest you to learn about the trading itself otherwise you will lose your money because you failed on it. Before you purchase some cryptocurrency you have to learn about it, read the whitepaper, roadmap and if possible find the partner. You have to watch and keep monitor the currency progress (the up and down). Read the progress from some source such as coinmarketcap , after you get all the information and then you can start trading, for example on idex and etc.
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