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Arif Efendi shares his insight on crypto investments with businessman Arif Efendi

Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrency as an investment option. He shares his insights and experiences in this piece.

Arif Efendi Arifefendi explains why Crypto is different from Stocks
Investors such as myself need to be aware of the distinction between stocks and cryptocurrencies. Cryptocurrencies and stocks share some similarities, even though they're not identical.

Cryptocurrency, a digital asset which is used to store and verify transactions utilizes cryptography as an alternative to a central authority. Equity, also referred to as stock are securities that signify the ownership of a part of a corporation.

Arif Efendi With capital appreciation in mind when buying crypto or stocks, and especially when the price of the asset rises, people tend to buy them both.

Why people buy Stocks and Cryptocurrencies
Stocks can be bought for voting or to influence company decision-making. They also invest in shares to receive dividends that the company distributes to its shareholders.

It is very simple to invest digitally in stocks by using the next-generation platform as well as other mobile investment applications.

While the process might appear identical but there are significant distinctions. Arif Efendi It is possible to trade cryptocurrency at any time of the day regardless of whether you are regulated by the Securities and Exchange Commission regulates the stocks.

You can also trade using crypto trading pairs or fiats.

Trading Crypto is different from. Swing Trading
You might wonder why trading crypto is more profitable, despite the fluctuations.

A huge market cap could cause a shift of between 5 and 10% on cryptocurrency, while smaller cryptos can see gains of 10x within a single day.

This is a very scarce item.

As an example If $1000 had been put into Solana on January 1, 2021, at $1.837, the investment would be valued at $182,000 today at $182.

There is no need to be a poor investor in crypto investing. A noob may ask what the source of the money comes from. The cryptocurrency market is not regulated by a central entity.

Arif Efendi Their value is dependent on the cost of production as well as demand and supply the rate of adoption, as well as the availability on exchanges for utilities as well as utilities.

Understanding Demand and Supply in Cryptocurrency
Our textbook on economics teaches us that if the demand for an asset increases more rapidly than supply, the cost of the asset will rise.

For instance, a natural disaster can cause prices for water to rise in certain regions. The same principle of economics applies to cryptocurrency as well.

We are now in the mass adoption phase. Institutional investors like MicroStrategy are investing heavily in cryptocurrency. It's an exciting time to be alive.

It is essential to recognize the risks of volatility
The cryptocurrency market is like market for stocks. Its value can fluctuate . Many are keen to invest in crypto to achieve 100x returns.

Although it is unlikely the asset will earn a profit, there are certain instances when it's worth the effort to buy an asset and later sell it or make a profits.

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

Many people who work in the crypto space are concerned. The bear market is the most favorable moment to buy cryptocurrency. The price of cryptocurrency is declining. Panic-selling is when the value of Harry, Dick, and Tom is going down.

People who are anxious and worried could end up losing their wealth. You can make an inventory of the cryptocurrencies you are looking to invest in and wait for them to come up.

A weekend is an excellent time to buy, as the majority of institutional investors will have closed their trades for that week.

At present, we're witnessing a major shift away from traditional methods of investing, in which you require a broker to a more modern method, which allows you to buy crypto from the comfort of your own home.

What Cryptocurrency Should I Purchase?
If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

My first choice was Solana. POLIS followed by AVAX and ATLAS.

https://poigrala.ru/user/Arif.Efendiafbb007/ It's now easier to keep track of your most-loved currencies. With an app such as Tabtrader you can track each swing and know when to purchase more coins or take profits.

If you've held onto your cryptocurrency for some time and you're able to get it back and enjoy airdrops. You can also transfer them to wallets such Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

Arif Efendi Keep your 12 words handy to ensure you are able to retrieve your assets in the case of a host device getting lost or stolen.

Conclusion
By this, your bank is your bank. You can transact anywhere around the world at any hour.


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