Indonesia's largest bitcoin market southeast asia

Jakarta - bitcoin market share in Indonesia is less than 1 percent, however, the weakening of the rupiah and the prospect of bitcoin as an investment instrument can foster the development of the digital currency.
This was conveyed by Oscar Darmawan, co-founder www.bitcoin.co.id bitcoin trading site, to beritasatu.com.
"China is the largest market with 50 percent bitcoin bitcoin circulation, followed by the US with 35 percent. Indonesia and other countries, only 1 percent or less, "said Oscar.
Values ​​bitcoin circulation in Indonesia, according to Oscar, only around Rp 2 billion per month. A very small number in comparison with China, which reached about 230 million yuan per day (Rp 460 billion). Even at its peak, bitcoin transactions in China could reach $ 1 trillion per day.
"If the US and China has been the trend, India and Indonesia could be the next big market. But all of it back to the 'merchant' and the investors themselves, "said the 28-year-old man." While the number of investors and 'merchant' who accept bitcoin is still a bit ".
Investment in bitcoin does look tempting. At the end of 2012, 1 BTC sold for US $ 13.5, but in early December this year, the price goes up to US $ 1,200 per 1 bitcoin. 1 BTC current price is US $ 742, compared to two days ago in the range of US $ 500-US $ 600.
"Yesterday bitcoin prices had fallen by 50 percent as a result of China's central bank banned the Chinese banks do 'clearing' of bitcoin transactions. Bitcoin itself is not illegal, but investors panicked causing a sell-off that makes bitcoin prices fall, "said Oscar.
"It now is a good time to invest in bitcoin because the price again dropped," he added.
In www.bitcoin.co.id, per December 20, 1 BTC traded with buying rate of USD 9.3 million and USD 7.7 million sales.
"The advantage compared to conventional currency bitcoin is no inflation. The condition of a country sometimes makes the central bank to print more currency to inflation. In bitcoin, inflation is unlikely because of the amount fixed, "he said.
He added that investors bitcoin in Indonesia is still small. The number is estimated about 100 people.
"To raise awareness of the bitcoin, we plan to hold seminars and book launches," he said. "My goal is to raise the value of bitcoin transactions in Indonesia of Rp 2 billion per month to Rp 2 billion per day".
Oscar reminded, for those who want to try bitcoin in order to prepare a minimum investment of USD 100 million and should be ready to lose the investment, because bitcoin exchange rate fluctuates widely.
"Set aside money experiment. Do not saving money withdrawn. The risk is, if suddenly demand was dropped once the price drops, "he said.
However, according to beritasatu.com search, not easy to find sites that accept bitcoin. Www.shopify.com sites and WordPress is an example.
However, sites like Amazon, iTunes, and Google Store does not accept bitcoin. Neither is the case with e-commerce sites such as klikbca local and bhinneka.com.
"In Indonesia it is not much to accept bitcoin. Among these are www.republikhost.com and www.ads-id.com. In China, www.taobao.com also had to accept bitcoin, "said Oscar.
Faisal Maliki Baskoro / FMB