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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was a businessman and investor who saw that cryptocurrencies were an investment option that was viable. In this piece, he shares his learnings and insights.

Arifefendi explains how Crypto is different from Stocks
Investors such as myself need to be aware of the distinction between stocks and cryptocurrencies. While they have some similarities, they aren't the exact same as stocks.

Cryptocurrency, a type of digital asset which is used to store and verify transactions, uses cryptography as an alternative to an authority central to. Stocks, also called securities or equity, signify ownership of a particular portion of a company.

The majority of people purchase stocks as well as crypto with capital appreciation in mind, especially when the asset that is being held increases in price.

Why people Buy stocks and cryptocurrencies
Stocks are bought by investors who vote on company decision-making. Additionally, they invest in order to earn dividends, which the company distributes to their shareholders.

Arif Efendi It's easy now to invest digitally in shares and crypto through the next-generation marketplace.

It might appear to be similar, but there are some important distinctions. For instance, while the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any moment of the day via your smartphone or other smart device.

Trade crypto with fiats , or other crypto trading pairs.

Trading Crypto and. Swing Trading
Now you may wonder what the reason it's more profitable to trade cryptocurrency regardless of the volatility.

A high market cap can cause a shift of 5% to 10% for cryptocurrency, while smaller cryptos can see gains of 10x within a single day.

This is a rare situation in stocks.

Here's an example: If you had put $1000 on Solana, it would be worth $182,000 at the $182 trading price.

If you're not afraid, crypto investment can be very lucrative. The money may come from a stranger. Regulation of cryptocurrency isn't controlled by a central authority.

Thus, their value comes in the form of supply and production, as well as demand and adoption.

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

In the event of an earthquake for instance water prices can rise if demand is low. The same principle of economics applies also to cryptocurrencies.

We are in the mass adoption phase, and we're seeing institutions investors such as MicroStrategy as well as a country such as Ecuador betting big on cryptocurrencies. This is an exciting time to live!

It is essential to be aware of the dangers of volatility
The cryptocurrency market is just like the stock market. Its value can fluctuate . Many are keen to invest in crypto to make 100x profits.

It is impossible to predict the future of an asset. earning money. But, it is crucial to understand the best time to buy or sell an asset.

Warren Buffet once said, "Be afraid of being greedy and be greedy if others are afraid."

Many people in the cryptocurrency space are fearful. The best time to buy cryptocurrency is in the bear market. The asset is down. Arif Efendi When every Tom, Dick and Harry is panic-selling.

Fearful people can lose their investment if nervous and worried. Create a list to identify the cryptocurrencies you want to invest in and then wait for candles to light red.

Another good time to invest is on weekends, when the majority of institutional buyers are closing their trades.

There is a shift away from traditional methods of investing, where a broker is mandatory, to newer methods which allow you to purchase cryptocurrency from the comfort of your home.

Arif Efendi Should I Purchase a Cryptocurrency?
Arif Efendi If you visit Coinmarketcap.com, there are many cryptocurrencies available.

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


It's also easier to monitor and track your preferred coins. Arif Efendi Tabtrader makes it easy to monitor each movement, and when you should purchase more.

If you have held your crypto for a long time, you can either take it to receive airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure them.

Your 12-word phrase should also be saved to ensure that you can restore your asset in the event of your host device goes missing or stolen.

Conclusion
All of these details make you your bank. Arif Efendi You can transact anytime, anywhere in the world, using all the information you have.



Here's my website: https://www.researchgate.net/profile/Arif_Efendi