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Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrencies as a legitimate investment choice. In this piece, he shares his experience and knowledge

Arif Efendi explains why Crypto is different from stocks
Knowing the difference between stock and cryptocurrency is essential if you're an investor like me. Although they share many similarities, stock and cryptocurrency are distinct.

The term "cryptocurrency" refers to a type of digital currency or asset , whose transactions can be tracked and verified by a decentralized platform through cryptography. It is a substitute for a central authority. However, stocks, also called equity, are securities that depict the ownership of a portion of a company.

If the value of an asset increases, both stocks and crypto are purchased with capital appreciation.

Why do people choose to invest in cryptocurrencies and stocks?
Stocks are purchased by shareholders who vote on company decision-making. They may also invest in stocks to receive dividends.

It's easy to invest your money digitally into crypto or stocks using the next-generation Marketplace as well as other investment apps for mobile devices.

While the process may appear like it does, there are a lot of variations. It is possible to trade cryptocurrency at any time you'd like, even although the Securities and Exchange Commission regulates the stock market.

Trade in crypto using fiats or any other crypto trading pair.

Trading Crypto Vs. Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable, despite its volatile nature.

A large market cap can lead to a swing between 5% and 10% for cryptocurrency, while smaller cryptos may see 10x gains within just a few hours.

This is a scarce stock.

For example, if had invested $1000 in Solana on January 1, 2021 at $1.837, your investment would have been valued at $182,000 today at the price of trading of $182.

The investment in crypto can be rewarding , if you're not in a position of weakness. Noobs may wonder where the money comes from. It is not possible to regulate cryptocurrency via central authorities.

Production costs are affected by supply and demand. Adoption and availability on exchanges and utilities are also important.

Understanding the Demand and Supply in Cryptocurrency
According to textbooks on economics according to the textbook, if demand is greater than supply, the asset's value will rise.

If there is an earthquake, for example the price of water will increase when demand is low. The same economic principle applies for cryptocurrencies.

We are in the mass adoption phase. https://bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/ from institutions like MicroStrategy are investing massively in cryptocurrencies. What a fantastic moment to be alive!

It's Important to Recognize the Risks of Volatility
Like the stock exchange The value of cryptocurrency changes. A lot of people want to invest in crypto to earn 100 times the profits.

Although it is not certain that an asset will remain profitable forever, it is important to be aware of when assets is best to be sold or taken profit.

Warren Buffet says, "Be scared of greed when other people have reason to be afraid of you."

People in the crypto space tend to be scared. The best time to buy cryptocurrency is during the bear market. If the asset is falling. When Harry, Dick, or Tom are panic-selling.

If investors are anxious and anxious, they could lose their assets. Keep track of which cryptocurrencies are most appealing to you and then wait for them to show up.

Another excellent time is the weekend, when most institutional investors have closed their trades.

There is a huge shift happening right now from traditional investment strategies that require you to work with a broker. https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ is now a modern method where you can buy cryptocurrency right from the comfort of your home.

What Cryptocurrency should I buy?
Check coinmarketcap.com to see a list of cryptocurrencies you can select from.

My top pick was always Solana. It was followed by the AVX , POS and AtLAS.

It's even easier to monitor and track your favorite coins. Tabtrader lets you track every move and decide when you should buy more or earn a profit.

If you are holding your cryptocurrency for a long time, you can keep it and use it to get airdrops or move the coins into wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to safeguard the coins.

Your 12-word phrase should also be kept in order to recover your investment in the unlikely event that your host device is lost or taken.

Conclusion
You are your bank's customer with all of this information. You can transact anywhere anywhere in the world anytime.

You never know. Maybe you'll even be capable make a donation to your favorite charity.

You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo


My Website: https://mobile.twitter.com/arifouo