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Crypto Enthusiast Arif Efendi - Why I Like Cryptocurrency Over Stocks
Bitcoin and other cryptocurrencies are rapidly becoming accepted by major corporations such as Microsoft and Starbucks. Arif Efendi who is an avid Bitcoin user and humanist, believes this is only the beginning.

The Beginning of Cryptocurrency
Since years ago my fascination with cryptocurrency has increased. This is something that I've been thinking about for a while , but never did anything about. Now I find cryptocurrency to be more fascinating than ever.

What attracted me? Blockchain technology is one major reason why cryptocurrency is now so well-known. This is especially true of Bitcoin and other cryptocurrencies that are based on blockchain technology.

Therefore, it was only normal that my first concern in blockchain technology was. How can data remain immutable over time? This led to further research regarding encryption and data storage (which cryptocurrency uses as well).

The fun really begins. https://mobile.twitter.com/arifouo , centralization as well as other attributes make it an ideal tool to conduct online elections. Online elections can be expensive and can be dangerous, but cryptocurrency may change that.

A few Google searches about cryptocurrency led me to a story about the ICO or Initial Coin Offering, of Kik. The realization of this made me realize that cryptocurrency is not limited to business models that are based on financials.

Differences between stocks and cryptocurrency
Over the years, many people have asked me about the differences are between stocks and cryptocurrency. Although there are many similarities between the two, investing cryptocurrency is not as effective as the stock market. Let's take a closer look at these two options:

Cryptocurrency is a form of virtual, intangible money that can be made online and exchanged.
The cryptocurrency is able to be converted into real money however it usually comes at a cost.
It isn't a tangible thing.
Transactions involving cryptocurrency transactions are irreversible.
Stocks are the shares owned by shareholders in corporations traded on the market for trading on the public.
Investors buy stocks to acquire equity (ownership of a company).
Why I Choose Cryptocurrency Over Stocks
The world of investment, finance and cryptocurrency is becoming increasingly popular. Many believe that it is a good investment that will yield significant return over time. In terms of long-term investments, I believe cryptocurrency is better than stocks.

Stocks can be very volatile over brief periods. Cryptocurrency is more stable, predictable, safer and more risky, making it a much better option for investment. It allows you to eliminate all middlemen involved in international transactions.

This makes it simpler for those who can't get financial institutions to accept their clients due to reasons such as incomprehensible fees or high minimum deposits. Even if they only deal using cryptocurrency, they could earn more money and increase their earnings faster.

However, they are more volatile than cryptocurrency because of the regulations that increase in times of economic turmoil or recession. It is more risky than investing in cryptocurrency.

The growing acceptance of cryptocurrency will bring new opportunities. Today, it is possible to conduct daily transactions using cryptocurrency through companies such as Microsoft and Starbucks. This makes cryptocurrency a breeze to trade, my opinion.

Cryptocurrency will not go away anytime soon.
Satoshi Nakamoto, a pseudonymous developer, created the first cryptocurrency Bitcoin in 2009. https://books.google.com/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFD8QfM2yj&sig=ACfU3U3GdZ-31XWMjGcZONdV05WAWggoSQ&sa=X&ved=2ahUKEwil37-E2e32AhVqxzgGHWVUDYs4FBDoAXoECBIQAw , there are more than 700 different types of cryptocurrencies. They all have various values, based on the perception of people about their value and reliability, also known as their 'believability.'

Some have lost their way however, others have made rapid growth due to a novel business model and the commoditization or selling of a valuable resource. Many crypto enthusiasts believe that cryptocurrency will be the dominant currency worldwide because it allows immediate transactions, which is ideal for e-commerce.

However, it's not yet reached this. According to estimates, the adoption of cryptocurrency is at 0.01%. But cryptocurrency has grown rapidly in the past couple of years. So, crypto enthusiasts, like me, believe that cryptocurrency will eventually be a major currency sooner rather than later.

The concept of cryptocurrency being introduced by an unidentified entity initially sparked doubt from a lot of people who could not understand the mechanism behind it. But, cryptocurrency has gained more interest since its introduction.

This is the reason the reason why there are more than 700 cryptocurrency available. The number is predicted to increase. There's no doubt that cryptocurrency will be around for the long haul. It is becoming more popular than ever, with unusual vending machines selling cryptocurrency. However, cryptocurrency isn't limited to machines that are novelty.

The market for cryptocurrency is growing and that means there are more jobs for cryptocurrency than ever before. In addition to the increasing interest, and the increasing number of cryptocurrency-related job opportunities, it's clear why the cryptocurrency is here to stay. Don't be shocked if crypto enthusiasts get exuberant.
Here's my website: https://mobile.twitter.com/arifouo