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Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi an investor and businessman who has a lot of experience, saw crypto currencies as a viable investment choice. This article is a reflection of his insights and experiences.

Arifefendi discusses how Crypto is different from stocks
Understanding the distinction between stocks and cryptocurrency is vital if you're an investor like me. While they have many similarities, stock and cryptocurrencies differ.

Arif Efendi Cryptocurrency, a digital asset which can be used to keep track of transactions and to verify them utilizes cryptography as an alternative to the central authority. Stocks (also known as equity) are securities that demonstrate ownership of a certain portion of a company.

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

Why Do People Buy Stocks and Cryptocurrencies
Stocks can be purchased to influence or vote on the company's decision-making. Additionally, they invest in shares to receive dividends that the company pays to its shareholders.

Arif Efendi It is very simple to invest your money digitally into stocks using the next-generation platform as well as other mobile investment apps.

However, the procedure may appear similar, but there are still certain variations. The Securities and Exchange Commission regulates stocks. However, trading in crypto can be done from any smart device or phone at any time.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto Vs. Swing Trading
You might be wondering what the reason it's better to invest in trading in crypto despite the risk of.

You can see the 5% to 10 percent change in the price of crypto when it has an enormous market cap while smaller cryptocurrencies can achieve 10x in a particular day.

This is a rare stock.

To illustrate, if you had invested $1000 in Solana's Solana stock on January 1, 2021 for $1.837 the investment is now valued at $182,000 based on the current prices for trading of $182.

If you're not a weak person investing in cryptos can be very lucrative. Arif Efendi A novice may wonder where the money came from. Regulation of cryptocurrency is not performed by a central organization.

Arif Efendi Therefore, their value comes down to the cost of production and supply as well as the demand and acceptance.

Understanding the Supply & Demand in Cryptocurrency
The economics textbook tells us that the cost of an asset will rise when demand for it grows faster than its supply.

If there's an earthquake in an area, the water price will increase if there is a demand for it isn't. The same economic principle applies to cryptocurrency as well.

We are nearing the point of mass adoption, and institutions such as MicroStrategy or a country like Ecuador are placing huge bets on cryptocurrency. https://lemming-frandsen.mdwrite.net/arif-elfendi-why-cryptocurrency-is-here-to-remain This is an exciting time to live!

It's crucial to know the dangers of volatility
Like the stock exchange, cryptocurrency's value changes. A lot of people want to invest in crypto and reap 100x profit.

Although there isn't a 100% guarantee that an investment will be profitable for a long time however, it is essential to know when you should buy an asset, and then sell it to profit.

In the words of Warren Buffet, "Be fearful when you see greedy people around you and be greedy when others are afraid."

Many people who work in the cryptocurrency space are concerned. A bear market is the ideal time to invest in cryptocurrency. If the currency is in decline. Panic-selling is when the value of Harry, Dick, and Tom is falling.

Arif Efendi Arif Efendi People who are worried and scared could lose their money. Make a list of the cryptocurrencies that are most appealing to you and then wait for the candle in red to start to burn.

Another time to buy is on weekends, when institutional investors close their trades for the week.

There is an important shift in the way we invest. Instead of having to rely on a broker, you can now purchase crypto right from your bedroom.

Which Cryptocurrency should I buy?
There are many cryptocurrencies available to choose from if you visit coinmarketcap.com.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

It's even easier to track your favourite coins and keep an the eye on them. Tabtrader makes it simple to keep track of each move, and when you should buy more.

If you've been holding onto your cryptocurrency for a long time it's possible to use it and receive airdrops. Arif Efendi It is also possible to transfer them to wallets such Trustwallet or Imtoken and set up secure passwords to ensure their security.

Additionally, it is essential to keep your 12-word phrase in a safe place to refer to in the event that your host device gets stolen or lost.

Conclusion
Your bank is yours with all this information. You can transact anywhere in the world anytime.


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