« Ubud High « Buying Bitcoin on Bali ~ Boom, Bust, Boom [Current: 2021]
BUYING BITCOIN in Bali? Or from home in the comfort of your armchair?
Market tips and warnings from the highly volatile alternative galaxy of cryptocurrency and Bitcoin.
Today's Cryptocurrency market at a glance
The Old Gangster coins ~ Bitcoin, Ethereum & Litecoin
Bitcoin's current trajectory
Today's Bitcoin and cryptocurrency news
The New Kids on the block & DeFi ('Decentralized Finance')
Cryptocurrency tokens to look out for in 2021/2022
Buying and trading Bitcoin & cryptocurrency in Indonesia
Is buying and selling Bitcoin and crypto legal on Bali?
It's legal to buy and trade cryptocurrencies on an online exchange – Indonesia has its very own Indodax.com, formerly Bitcoin.co.id – but it's illegal in Indonesia to ask for or accept payments in anything but Indonesian rupiah, so you won't be paying for a smoothie or your hotel bill with Dot or Dash while you're here.
Can I buy Bitcoin in Bali?
Grab your passport and cash, go down to your local Indodax Bitcoin office in Denpasar or Ubud, and sign up. That's all there is to it.
The staff will take your details and take your photograph for their records as a KYC – an anti-money-laundering Know-Your-Customer precaution – and you're good to go.
Are there alternatives to the Indodax Exchange? Can I buy Bitcoin online from home?
Online exchanges like FTX, Kucoin and Binance make it easy to sign up and deposit funds with a credit or debit card – so you don't even need to leave your armchair.
Sign up here to buy and trade Bitcoin & other cryptocurrencies at FTX Cryptocurrency Derivatives Exchange.
If you'd like to use my referrer code when you sign up, please do.
FTX referrer code: UbudHigh
Sign up here to buy and trade Bitcoin & other cryptocurrencies at Kucoin.
If you'd like to use my referrer code when you sign up, please do.
Kucoin referrer code: bfh5Q
If you're in Indonesia and would like to trade on Binance, download the Binance App from Google Play, register and you're ready to go. The Binance website is currently blocked by Indonesia's internet censor; the app is accessible.
If you're outside Indonesia or the USA, use this link to sign up at Binance.com.
Binance referrer code: 36106608
Up, down, sideways ~ Trading Crypto, and traders to follow on Twitter
The CryptoDude @cryptodude999
If you're only going to follow one trader on Twitter for the most solid and rational market-takes, make it
The CryptoDude @cryptodude999.
That's it. That's the tweet.
Nika Deshimaru @Nikadesh
Most newcomers see crypto as a get-rich-quick scheme. It can be. But 90% of day-traders fail. If you don't have the time or mindset to trade (LTF) lower time frames, think weekly-to-monthly (HTF) higher time frames instead.
Your man? Japan's Nika Deshimaru @Nikadesh.
Take it easy. Buy, hold, step back, sell, repeat.Tweets by Nikadesh
A hot, red warning
The crypto world can be cruel as well as kind. Coin360's bloody visualisation of the cryptocurrency market from January to March 2018 when Bitcoin was trading at $5,987.
But I thought criminals used Bitcoin?
The Nixon Shock, gold and the US dollar – The greatest pyramid scheme of all time
The story of the US dollar's divorce from gold under 'Tricky Dicky' Nixon in 1971, and how the US greenback became
the biggest, and most-manipulated con of all time.
(Spoiler: the dollar is inflationary by design.)
All The Old Bali Blog Posts ~ 2016-2018
- Street Justice: Thief Beaten by Mob in Legian, Kuta
- Sea Accidents ~ Bali-to-Lombok Gili Cat 2 'Fast-Boat' Ferry Explodes, Killing and Injuring Tourists
- Bali ATM Scams, Skimming and Credit Card Fraud in Ubud: Be Worried...
- Bali Vaping: Smoking's For Chimps [Updated 2021]
- Island of D'Gods...
- Hubud Tech-Start-Up Co-working Space in Ubud, Bali
- Swat That Mozzie: Dengue Fever and Chikungunya on the Rise in the Rainy Season
- Today's Rain, Wind, Waves and Weather Forecast for Bali, Indonesia [Live/Current]
- The Ganesha Bookshop in Ubud ~ A Reader's and Writer's Delight [Updated 2021]
- Today's Earthquakes and Erupting Volcanos in Indonesia ~ Latest Updates on Bali's Mount (Gunung) Agung [Current: 2021]
- Buying Bitcoin on Bali ~ Boom, Bust, Boom [Current: 2021]
2020 ~ Bali in the time of Covid-19
'Covid-19 vs. Hunger' (August 2020).
Street art by the urban artist 'Wild Drawing' of a Balinese boy going hungry due to unemployment and the collapse of the tourist industry following the catastrophic effect of the Covid-19 pandemic on Bali's economy.
Street Art by © 2020 Wild Drawing.
Photograph by © 2020 Ubud High.
Public poster outside Ubud Market shaming Western tourists and foreigners for not wearing face-masks and
disobeying Indonesia's Covid-19 health protocols. Masks have been mandated in Indonesia
since March 2020. Foreigners' adoption of masks is embarrassingly weak on the resort island.
Ubud, Bali, Indonesia on Feb 13, 2021.
Photograph by © 2021 Ubud High.
© 2021 John Storey. All Rights Reserved.
The Last Pic
Portrait of the Day
Pre-Covid-19 Times ~ Portraits from Bali by Ubud High
© 2021 John Storey. All rights reserved.
Search Ubud High
Popular search terms ~
ganesha bali / covid / scorpions / scooter rental / bali street art / trance / hornets / arma art gallery ubud / nyepi / traditional balinese paintings / rainy season / snakes / 2022 bali spirit festival / dengue fever / ecstatic dance
THE UBUD HANDBOOK ~ Your free guide to living in Ubud and Bali in an online nutshell.
‘First stop on Shree Ganesha's round-Asia tour was a spell in Buddhist Tibet with its strong tantric leanings – a convenient spot to re-invent himself as Vinãyaka, and then as the dancing red Nritta Ganapati – before a full-blown alter-ego revamp as the scarlet, twelve-armed Maharakta Ganapati. Now, Maharakta Ganapati was unusually fond of skullcaps filled with human flesh and blood – and this we might charitably put down to a bad trip.
After all, what happens in Tibet stays in Tibet...’
‘To cut an all-night story short, the mask was donned by a dancer who fell into a deep trance. But instead of staying in the temple, he began to run. And run. He became violent and uncontrollable. He ran for four kilometers down the road – the crowd scrambled after him. He ended up in a cemetery just past my house, and in the dead of night began to do frenzied battle with unseen foes...’
∞ 'Nyepi' ~ Bali's Hindu New Year, and the Day of Silence ~ Melasti, Ngerupuk, Ogoh-Ogoh & Manis Nyepi
‘If previous New Years' Days have seen you waking up with a crippling hangover trying to remember what you did the night before, maybe it's time you headed to Bali in March. Nyepi – the Balinese Day of Silence, and the start of the Hindu Saka New Year – is a day, a night and a day you'll never forget....’
‘Kajeng Kliwon is the kind of day when anything that can happen will happen. It invariably does.
You have been seriously warned...’
“When I had my sixth and seventh babies at the hospital – my twin girls – the doctor ordered me to have a Caesarian. And without asking me, he tied my tubes off as well.
I think he thought I'd had enough babies...”
“On the third bite,” says one hater, “it was as though I'd just eaten a diseased, parasite-infested animal with a bad case of rabies. I prayed I wouldn't be sick because I really didn't want to taste it again on the way back up...”
‘Boobs and political censorship have never been far from the Silver Screen – in Indonesia, they're its bedrock. The silent flicks of Thirties' Bali sucked hungrily on the island's bare-breasted cabinet-postcard image that encouraged so many gilded tourists – and dodgy film-stars like Charlie Chaplin – to visit its sultry, forbidden shores...’
Getting Around ~ Bali 'Biking
“For me, some of the most dangerous people on the road are white people. I avoid them like the plague. You can tell the ones who are going to hurt others – the fixed grins, the hunched over the handle-bars, the wobbling around corners and shouts of indignation when they finally hit someone – because they have absolutely no idea how life and the road works around here...”
‘She tears into the traffic. She can't stop. She narrowly misses hitting a car head-on, swerves past a mum on a 'bike and slaloms across the road. Before she hits anyone – it's a miracle she doesn't – she falls in a bad-sounding heap of bent metal and smashing plastic. A group of Balinese rush to pick her up before the cops see her...’
‘She starts sweeping and I notice that she's limping. There's a spreading bruise and an angry graze running past her knee and down her calf. She wants to carry on cleaning – I sit her down and ask her what happened.
She's shy; I press...’
‘Rule number one on a monsoon day? Don't get wet.
You may not realise that getting caught in a cloudburst or shower on Bali – particularly if you're on a motorbike – is the tropical equivalent of walking naked outside during a Prague Winter after a lukewarm bath.
It'll really slow you down. The shivers, hot-and-cold flushes, a chesty cough, diarrhoea, sneezing, stomach pains, a belting headache and aching bones are all at the top of the list...’
‘Nowhere is free from the tax of life. We all have to pay for our slice of Bali paradise – and this often comes in the shape of our biting, stinging, crawling, flying insect-cousins.
It's the downside of environment-sharing...’
Holidays from the Jungle
‘Agricultural, and unpractised in the dark art of handling international tourists, the aristocratic farmer-people of Trunyan have acquired a damaging reputation for aggression. Their unique tourist draw – a jungle-cemetery where bodies are left in the open to disintegrate underneath a magical banyan tree – is regularly shunned by travellers on the time-sensitive tourist circuit...’
‘Ten meters away and the young man finally looks up – an inane, animal-like grin taped across his face as his girlfriend grips his porcelain butt and grimaces towards the empty blue sky. They disengage like street dogs, utter an invective in Russian, and stare...’
Tourism & Self-Enrichment
‘My concentration's shot to pieces. The spaghetti keeps falling off my fork. She's on her third large beer now. She starts to say 'facking' even more, and is speaking so loudly that people passing on the street have begun to look her way, and she's spitting bits of ciabatta bread and tomato and fish into her friend's dinner...’
‘I'm staying at a cute, family-run bed-and-breakfast – a homestay – on Ubud's trendy Jalan Goutama. A young member of the homestay's family tours her compound, blessing it with incense and rice and flower-petal offerings in little hand-made palm-leaf boxes.
All is well in Bali's spiritual capital...’
‘A Dutch boy in Holland goes to a gypsy fortune-teller who tells him that he is, in fact, Balinese. Afterwards, his uncle visits the Island of the Gods and brings him back a wooden carving of a bare-breasted lady.
Lucky for him it wasn't one of those funny-shaped wooden bottle-openers that looks like a cock...’
‘Shake out those Kundalini Awakenings with some HoopYogini™ and Bhakti Boogie® at the Yoga Barn. Celebrate The Divine Feminine with a splash of Shakti Dance. Puff up your lungs in a Sacred Breathwork Immersion Workshop®, insert a Jade Egg for luck at The Womb Temple™ and polish it off with some tantalising Manifesting And Abundance.
You know you're worth it...’
Search Ubud High
Popular search terms:
ganesha bali / covid / scorpions / scooter rental / street art / trance / hornets / arma gallery / nyepi / traditional balinese paintings / rainy season / snakes / 2022 bali spirit festival / dengue fever / ecstatic dance
And finally, the weather