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Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi, an experienced businessman, and investor recognized that cryptocurrencies had become a legitimate investment option. Arif Efendi This article is a reflection of his experience and tips.

Arifefendi explains why Crypto differs from Stocks
Understanding the distinction between stock and cryptocurrency is vital if you're an investor just like me. https://www.kemenag.go.id/author/11/m-arif-efendi Cryptocurrencies and stocks share some similarities, even though they're not exactly the same.

Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified through an uncentralized system by using cryptography instead of a centralized authority. Stocks (also known as equity) are securities that show ownership of a certain portion of a business.

Capital appreciation is one of the main reason for people to invest in crypto and stocks. This is especially the case when the asset holds rises in price.

What makes people invest in shares and cryptocurrencies?
Stocks are bought to influence or vote on the company's decision-making. Investors also buy stocks for dividends, which the company gives to shareholders.

It's very easy to digitally invest in stocks by using the next-generation platform and other mobile investment applications.

While the process is similar, there are some significant variations. You can trade cryptocurrency anytime you'd like, even though the Securities and Exchange Commission regulates the stock market.

You can also trade crypto using other crypto trading pairs or fiats.

Trading Crypto vs. Swing Trading
It is possible to ask why it's better to invest in trading in crypto regardless of the volatility.

Arif Efendi Market caps for crypto with large size can swing 5% to 10 percent, while smaller ones could reach 10x within a day.

This is the truth.

For example, if you earned $1000 from Solana's Solana stock on January 1, 2021, for $1.837 the investment is now worth $182,000 at the current price of trading at $182.

If you've got a solid grasp of crypto, it can yield a lot of rewards. The money may come from a person who is not your own. There is no central authority that oversees cryptocurrency.

Therefore, their value stems from the price of production, supply demand, adoption and availability on exchanges and utilities.

Understanding Supply and Demand in Cryptocurrency
From our textbook on economics, we can recall that if demand for an asset rises higher than supply, the price of the asset will increase.

In the event of an earthquake in a specific place, the price of water will rise , even if the demand remains static. The same economic principle applies for cryptocurrencies.

We are now at the point of mass adoption. Institutional investors like MicroStrategy are investing big in cryptocurrency. This is an exciting time to be alive.

Recognize Volatility Risks
The value of crypto currency fluctuates like the stock market. A lot of people want to invest in cryptocurrency and make 100x profits.


Although it is not certain that an asset will be profitable forever, it is important to understand when an asset is best to be removed from profit or sold.

Warren Buffet said, "Be afraid when others are greedy , and be greedy when others are afraid."

A lot of people working in the crypto space are anxious. The ideal time to purchase cryptocurrency is during the bear market. When the value of the currency is declining. Panic-selling occurs when every Harry, Dick, and Tom is going down.

People who are anxious and worried could end up losing their assets. Make a list of the cryptocurrencies that you want to invest in, and keep an eye out for candle to light up red.

https://scholar.google.co.id/citations?user=49bmlCcAAAAJ Another great time is on the weekends when most institutions are closing their trades.

There is a transition away from traditional methods of investing in which a broker is mandatory, to newer methods that allow you to buy crypto at home.

What Cryptocurrency Do I need to Buy?
Check coinmarketcap.com to see a list of cryptocurrencies that you can select from.

My favorite is Solana. It was followed by VAX, POLIS, and ATLAS.

https://soundcloud.com/arif-efendi-189561043 It is even easier now to keep track of and monitor your preferred coins. Tabtrader lets you monitor every step so that you are able to decide when to profits or invest in more.

If you've been storing your cryptocurrency for a long time, you may be able to take it and get airdrops. It is also possible to transfer the coins into wallets like Trustwallet or Imtoken and create secure passwords to ensure their security.

Keep your 12-word phrase handy to ensure you are able to retrieve your asset in the case of a host device getting lost or taken.

Conclusion
Your bank has all this information. Transact wherever you're located around the globe at any time.



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