Notes

Crypto Enthusiast Arif Efendi - The Reason I Prefer Cryptocurrency Over Stocks
Cryptocurrencies like Bitcoin are growing in popularity throughout the world and are being accepted as a means of payment by major companies such as Microsoft and Starbucks. Arif Efendi , who is an avid Bitcoin user and humanitarian, believes that this is just the beginning.

The Beginning of Cryptocurrency
Since I was a kid my interest in cryptocurrency has grown. This is something that I've thought about for some time, but never did anything about. Now, I find cryptocurrency more intriguing than ever before.

What attracted me to this particular topic? The technology that underpins cryptocurrency's popularity is known as blockchain. This is particularly true for Bitcoin and other cryptocurrencies that are based on blockchain technology.

Naturally, my initial fascination was with the blockchain technology itself. What is the best way to store data in an an immutable format over time? This led to more research on encryption and storage of data (which cryptocurrency also uses).

This is where the real fun begins. Blockchain's unalterability is a crucial characteristic that makes it perfect to use for voting online. Elections online are expensive and risky to run however, cryptocurrency may change that.

Quick Google searches about cryptocurrency led me to an article on the ICO of Kik which is a messaging platform. I was astonished to learn that cryptocurrency can be used in all kinds of businesses, not just financial ones.

Differences between Stocks And Cryptocurrency
Many people have asked me over the years what the main differences between cryptocurrency and stocks are. Although there are some similarities, investing cryptocurrency is quite different from investing in stocks. Here's a brief overview of the two:

The cryptocurrency is intangible and virtual money created and exchanged online.
You can convert cryptocurrency to real money for a small fee.
Cryptocurrency has no physical form.
Bitcoin transactions cannot be reversed.
Stocks are the shares owned by shareholders in companies that trade on public markets.
A person who buys shares buys equity (ownership) in the company.
Why I prefer cryptocurrency over stocks
Cryptocurrency has become a really popular issue in the realm of investment and finance. A lot of people believe that it is a good investment that will yield significant returns over time. When it comes to long-term investments, I believe that crypto is a better choice than stocks.

Stocks are volatile over very short periods. The cryptocurrency market is more stable, predictable and risk-free that makes it an excellent investment choice according to my view. The cryptocurrency eliminates all middlemen involved with international transactions.

This makes it simpler for those who can't access financial institutions due to factors like incomprehensible fees or high minimum deposit requirements. Even if they only deal using cryptocurrency, they could achieve their potential earnings and earn more money faster.

The stocks, on the other hand, are more unstable than cryptocurrency because of the excessive regulations that increase when there is a crisis or recession. The risk of investing is higher with stocks than crypto.

It will open up new opportunities when cryptocurrency is mainstream. Businesses like Starbucks as well as Microsoft have already started to accept cryptocurrency and this makes it viable even for everyday transactions. This makes cryptocurrency a straightforward choice when it comes down to trading one currency over the other, according to me.

Cryptocurrency Is Here To Stay
Satoshi Nakamoto created Bitcoin in 2009, the first cryptocurrency. Over 700 types of cryptocurrency are available now. Each has its own value depending on the perception of its reliability and usefulness. It is referred to as their credibility.

Certain companies have left business, but others have emerged quickly because they have innovative business models and have commoditized an important resource. Many cryptocurrency enthusiasts believe cryptocurrency is the future of money. It is due to the fact that it can facilitate near-instantaneous transactions. This is beneficial for ecommerce.

But, it is way from achieving the goal. According to certain estimates, the adoption of cryptocurrency is as low as 0.01 percent. However, the cryptocurrency market is growing at a rapid rate over the past couple of years. This is why a lot of people who are interested in cryptocurrency, like myself, believe that cryptocurrency will be a major currency in the near future.

A lot of people initially responded with skepticism to the notion of cryptocurrency being introduced via a mysterious entity. But, the growth in the value of Bitcoin since its initial introduction has led to the fact that more people are now interested in cryptocurrency.

This is the reason the reason there are over 700 cryptocurrency. This number is likely to increase. The fact that cryptocurrency will be around for the long haul is not disputed. It's everywhere, even in the novelty vending machines that offer cryptocurrency. But, cryptocurrency isn't restricted to novelty machines.

The cryptocurrency industry is expanding, which means that there are more jobs in the cryptocurrency industry than ever before. This is that cryptocurrency is here to stay, thanks to growing interest and increased availability of jobs in the cryptocurrency industry. So, be ready crypto enthusiasts for things are about to go wild.
My Website: https://foursquare.com/v/arif-efendi/528bca16498ec64f87dca04e