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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi was a businessman and investor who recognized that cryptocurrencies could be an investment opportunity. In this piece the author shares his experience and thoughts.

Arif Efendi discusses how Crypto is different from stocks.
Investors like me need to know the differences between stock, cryptocurrency, and other investment options. Although they share many similarities, stocks and cryptocurrencies differ.

The cryptocurrency is an electronic asset and money whose transactions have been documented and verified by decentralized cryptography. Arif Efendi It does not rely on an authority central to it. Stocks, also referred to as securities or equity, signify ownership of a certain part of a company.

With the thought of capital appreciation in mind when buying crypto or stocks, and especially when prices rise, people tend to buy both.

Arif Efendi What makes people invest in stocks and cryptocurrencies

For stocks, people buy stocks to be able to vote and influence company decisions. Arif Efendi Investors can also buy stocks to collect dividends from companies.

It's easy to invest your money digitally in stocks and crypto currently through the new marketplace and numerous mobile investment apps.

Arif Efendi Although the process might look like it does, there are a lot of variations. It is possible to trade cryptocurrency at any time you'd like, even though the Securities and Exchange Commission regulates the stock market.

You can also trade with fiats or crypto trading pairs.

Trading Crypto vs. Swing Trading
You may be wondering why it's more profitable for you to invest in crypto, despite the volatility.

A large market cap can result in a fluctuation of between 5 and 10% for crypto, while smaller cryptocurrencies could see gains of 10x within a single day.

It's not a common stock.

It is possible to see an example of this: If you had made a $1000 investment on Solana It would be worth $182,000 at the $182 trading price.

It's not necessary to be a weak investor to invest in crypto. Arif Efendi Noobs may wonder where the money comes from. The regulation of cryptocurrency isn't controlled by a central authority.

Their value is derived from the cost of production, supply, demand, adoption and the availability on exchanges and utility.

Arif Efendi Understanding Demand and Supply in Cryptocurrency
It is a common theme in the economics books that when there is greater demand than supply for an asset the price of it will increase.

For instance in the event of an earthquake that strikes a particular area that is prone to earthquakes, the cost of water will rise even if the demand for water is not changing. This same economic principle applies to cryptocurrencies.

We are nearing the stage of mass adoption. This is where we see institutional investors such MicroStrategy and countries such as Ecuador making big bets on cryptocurrencies. This is a fantastic time to be alive!

It's Important to Recognize the potential risks associated with volatility
Just like the stock market The value of cryptocurrency changes. A lot of people want to invest in crypto and achieve 100x returns.

Although there isn't a 100% certainty that an asset will always be profitable It is vital to know when you should buy an asset, and then sell it to take profit.

Warren Buffet stated, "Be cautious when you see others being greedy, and you should be greedy when you see others being afraid."

A majority of those working in the crypto market are nervous. Arif Efendi Bear markets are the best spot to buy cryptocurrency. When the price of cryptocurrency is declining. When Harry, Dick and Tom panic-sell.

If people are scared and anxious, they could lose their assets. It is possible to make your own list of cryptocurrencies that you're interested in investing in, and wait for them to show up.

Another great time is on weekends, when the majority of institutions are closing their trades.

There is an important shift in the way we invest. Arif Efendi Instead of needing a broker, you can now buy crypto directly from your bed.

Which Cryptocurrency should I invest in?
If you visit Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

My favorite always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.

It's even easier to keep track of and monitor your most loved coins. With an app such as Tabtrader you can track every swing to know when to buy more or take profits.

If you've been holding your cryptocurrency for a lengthy time, you can take it and collect airdrops or move your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and then use secure passwords to safeguard the coins.

Also, keep your 12-word phrase in mind to ensure you are able to retrieve your assets in the event of a host device becoming lost or stolen.

Conclusion
All this information makes you your own bank and permit you to conduct transactions wherever and at any time you wish.



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