Bitcoin 10th Anniversary, the price on the bottom

On the anniversary of this one decade, unfortunately, bitcoin is still experiencing a decline compared to its glory last year. According to Reuters, the value of bitcoin was 3 percent lower than last October 31 last year.

At that time, bitcoin closed at a price of USD 6,443 on the bitcoin market (Bitstamp). However, the price is rising until finally it reaches the price of USD 19,343 on December 17, 2017.

Bitcoin rose to 1,300 percent in 2017 due to massive purchases from retail investors from South Korea to the United States. Bitcoin's huge popularity is inseparable from its owners who show off the luxury items they buy with bitcoin.

Not everyone is enthusiastic about bitcoin. The loudest are Jack Ma and Warren Buffett who openly dislike bitcoin. According to Buffett, home investment is still clearer than bitcoin.

After entering the peak period in December 2017, the price of bitcoin began to decline. On its 10th birthday it was valued at USD 6,443 or lost about 70 percent of its peak value last year.

At present, crypto money market players imply that the value of bitcoin is now different from last year's bitcoin increase which was driven by a momentary trend and the behavior of investors who are afraid of being left behind.

"Today's mechanism for crypto and bitcoin values is based more on technology than on the hype and FOMO attitude," explained Josh Bramley, head of the Blockstars crypto management wealth trader.

Five alternative cryptocurrency to invest other than bitcoin

Bitcoin is indeed still the most fantastic value crypto currency. However, besides that there are still various other alternatives that you can use to invest.

Here are five digital currencies with the highest market capitalization besides Bitcoin which can be an option. (All data on price and market capitalization are taken from CoinMarketCap on 11-12 June 2018).

1. Ethereum

Ethereum is the most popular digital currency after Bitcoin. It first appeared in 2015, the exchange rate for the first 18 months was only around USD 10. However, the value of ETH at the beginning of 2018 managed to jump to touch the figure of USD 1,389 or around Rp. 19.4 million. At present, ETH is priced at around USD 531 with a market capitalization reaching USD 53 billion.

2. Ripple

Initially, this one digital currency was used closed for internal transactions on the Ripple Network. However, Ripple finally went public in 2013 to be used as a medium of exchange and payment widely.At the time of writing, RXP's market capitalization touched USD 59 billion or around Rp 823.8 trillion. Buying this crypto currency is not as easy as Bitcoin and others, because Ripple is not available in the Coinbase trade exchange. Ripple prices are currently at the rate of USD 0.5, still cheap if you want to buy. 

3. Litecoin

Litecoin was developed by Charles Lee, a former Google employee, and began flooring on the cryptocurrency exchange since 2011. Compared to Bitcoin, Litecoin has a faster transfer time and is the first digital currency to use the Scrypt security system.Beginning in 2018, Litecoin's market capitalization touched USD 14 billion (Rp 182 trillion), while in May it was at USD 6 billion. Meanwhile, 1 LTC is currently worth around USD 107.

4. Iota

Besides the price is still cheap, IOTA also has a trend that tends to be positive. Therefore, this digital currency is recommended as an alternative if you want to invest in cryptocurrency. At present, the price of 1 MIOTA is only around USD 1.41 with a market capitalization reaching USD 3.9 billion (equivalent to IDR 54.4 trillion).

5. DASH

DASH is a development of Bitcoin itself. However, this cryptocurrency is claimed to be better in terms of transaction speed and anonymity.By Evan Duffield, the creator, DASH is expected to become the most user-friendly and on-chain-scalable currency compared to other cryptocurrency. At present, the price of 1 DASH is at USD 271 with a market capitalization of up to USD 2.2 billion (equivalent to Rp. 30 trillion).In Indonesia alone, crypto currency has not been recognized as a legal medium of exchange. However, you can still use it as an investment instrument.