Notes

ARIF EFENDI DISCUSSES Why CRYPTO Investments are Leading The Market

In the early months of 2022, there was an significant drop in the value of stocks and risk assets. Arif Efendi Arif Eidi says this was caused by the rise in inflation, concerns about an increasing interest rate, as well as tensions between Russia-Ukraine. A volatile economy means that investors need to diversify their portfolios. This is where crypto investment comes in.

Is Cryptocurrency an investment or a currency? investment?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi is of the opinion that it helps to make international payments without having to exchange or carry cash in physical form.

The cryptography technique is employed to ensure the security of transactions made using cryptocurrency. According to Arif Efendi, this makes it difficult for users not to double-spend and even make counterfeit.

The most distinctive aspect of this digital currency, is that it cannot be granted by any central authority. The currency is not subject to government interference. You can mine the currency yourself, or buy it from an exchange or broker.

Ripple, Ethereum and Litecoin are three of the most popular cryptocurrency. https://books.google.com/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFG2RfM5Fg&sig=ACfU3U3dWNsZa2mVaNUwu334cLVK22tClg&sa=X&ved=2ahUKEwjSj7Tzjav8AhXrBTQIHQ20CukQ6AF6BAgeEAM Each coin has its unique applications.

Bitcoin is much more than just a digital currency. It is also utilized to invest. Digital coins are well-liked by investors who wish to earn profits. Investors buy and hold for a short or long time, and then sell it off in the event of a price rise. Although crypto can be restricted in some countries, El Salvador was to become the first country with the legal right to use Bitcoin .

Arif Efendi on Printed Currencies versus Cryptocurrencies
While both fiat and cryptocurrency facilitate payments, they are not exactly the same. Arif Elfendi clarifies the distinctions.

Regulation
The central bank regulates fiat currencies because they are issued by governments. They are legal to use as tender. But, they can decrease in value over time due to government policies.

The digital assets that are decentralized and are referred to as cryptocurrencies. http://www.checkcompany.co.uk/director/10391833/MR-ARIF-EFENDI As a result, they are used without the influence of government. Certain countries are against crypto due to the belief that they are being used to money laundering or other criminal activity.

Exchange type
Although fiat currency is available in physical and electronic formats, cryptocurrency can only be used in digital format. This is because cryptocurrency is embedded in several codes.

Storage Method
Fiat currency can be kept at home safes, banks, and fiat wallets. They should be kept in digital wallets. Fiat wallets can be used to convert the currency of the government into digital assets.

Benefits of cryptocurrencies over printed currencies
Cryptocurrency is a great alternative to printing currency. Arif Efendi outlined that these benefits include:

Decentralized System
Crypto is a decentralized. It is distributed in a decentralized manner to ensure that no one can regulate its currency or circulation. Every transaction is recorded on the ledger, as banks keep track of transactions. The ledger, however, is not a repository of personal details. This safeguards against data fraud and security breaches.

Arif Efendi Can be used as a hedge
You can hedge against inflation by investing in digital assets such as Bitcoin. Inflation can lead to more money being circulated, however it will result in more affordable things.

Bitcoin is designed to remain in high demand regardless of changes in the world economy. Many people will be able purchase bitcoins with thousands of dollars. And there is a high likelihood that the coins will appreciate in value.

Payments across Borders
With cryptocurrency, it's possible to transfer money in moments to countries that are not in the cryptocurrency network. The fees for transactions are minimal and the whole procedure is easy.

Printing currency can take a few days before it reaches the recipient. In addition the transactions will incur high fees. Your transaction might be refused in certain circumstances due to tension between countries, sanctions or other regulations.

Cryptocurrencies could be risky
Arif Elfendi warns that cryptocurrency could pose risks.

Extreme Volatility
It is extremely unpredictable. Within a short period of time it is possible to accumulate substantial fortune, only to lose it all.

You could delay receiving your returns
Advertisers and investors who are older make beginners believe that they can start getting high returns immediately. However, regular trading and risk management are key to maximizing your profits.

Account Monitoring
While crypto transactions are protected by codes, they leave digital tracks. The FBI can break the codes and monitor normal accounts of citizens.

Conclusion
Arif Efendi speaks about cryptocurrency as a digital asset that you can use to make secure transactions. Arif Efendi It's also possible to consider investing in it to diversify your portfolio. This article will explain the distinctions between digital currencies and printed ones. It also explained the advantages of cryptocurrencies over paper currency.

As with other investments, Arif Efendi stresses that cryptocurrency is not without risk. He recommends that people seek advice from a professional financial advisor before investing.




Read More: https://books.google.com/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFG2RfM5Fg&sig=ACfU3U3dWNsZa2mVaNUwu334cLVK22tClg&sa=X&ved=2ahUKEwjSj7Tzjav8AhXrBTQIHQ20CukQ6AF6BAgeEAM