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Arif Efendi, Businessman, Shares His Insights On Crypto Investment

Arif Efendi, a successful entrepreneur and investor realized that cryptocurrencies could be an investment tool. This article shares his experiences and insights.

Arif Elfendi explains the differences between stocks and crypto
It is essential to be able to distinguish between cryptocurrencies and stocks If you're like me who is an investor. https://twitter.com/arifouo Stocks and cryptocurrency have some similarities, but they aren't identical.

Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified using a decentralized system by using cryptography instead of a centralized authority. Equity, also referred to as stock are securities that signify the ownership of a part of a company.

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

Why Do People Buy stocks and other cryptocurrencies?
Stocks are bought by people to be able to vote on corporate decision-making. Investors also buy shares to earn dividends that the company gives to shareholders.

It's simple to invest in crypto and stocks online right now with the latest market technology and apps for mobile investments.

It might appear to be identical, however there are important differences. For instance, even though the Securities and Exchange Commission regulates the stock market, you are able to trade crypto anytime of the day from your mobile phone or your smart phone.

You can also trade crypto using other trading pairs of crypto or fiats.

Trading Crypto is different from. Swing Trading
You might be wondering why it is better to invest in trading in crypto despite the volatility.

With a huge market capitalization that is a good indicator of to see a swing of 5-10% in the crypto. However, smaller cryptocurrencies might be able to achieve 10x or higher daily.

This is actually a very uncommon situation in stock.

Arif Efendi If you had $1000 invested in Solana at $1.837 on January 1, 2021 Your investment would be worth $182,000 at the current price of $182.

It can be rewarding , if you're not weak. The money can come from a stranger. The cryptocurrency market is not governed by any central entity.

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

Understanding Demand and Supply in Cryptocurrency
The textbook of economics tells us that the cost of an asset will increase when demand for it grows more rapidly than its supply.

In the case of an earthquake, for instance when there is an earthquake that strikes a particular area where water is needed, the cost will rise even if the demand for water is not changing. This same principle of economics also is applicable to crypto.

We are getting closer to the mass adoption phase. https://find-and-update.company-information.service.gov.uk/officers/Ey_lyqyWi7zYIDz6gqhtbb_89cc/appointments This is when we find institutional investors like MicroStrategy as well as nations such as Ecuador placing big bets on crypto. This is a great time to be alive!

https://thehollynews.com/arif-efendi-answers-all-your-cryptocurrency-questions/ It's crucial to know the risk of volatility
The market for cryptocurrency is just like the market for stocks. Its value can fluctuate . A lot of people are hoping to make 100x profits by investing in cryptocurrency.

While there isn't any absolute guarantee that an investment will always be profitable however, it is essential to know when you should buy an asset and sell or make profits.

Warren Buffet said, "Be scared when you see others being greedy and greedy when other are afraid."

Many people in the cryptocurrency space are fearful. Arif Efendi The bear markets are the best time to invest in crypto. If the price of the cryptocurrency is going down. When every Tom, Dick and Harry is selling in a panic.

If investors are anxious or fearful, they could lose their holdings. Arif Efendi Make a list of the cryptocurrencies that are the most appealing to you and watch for the candle in red to start to burn.

The best investment time is during the weekend, because the majority of institutional investors have closed their trading.

There is an important shift in the way we invest. Instead of requiring a broker, you can now buy crypto directly in your home.

What Cryptocurrency Should I Buy?

If you go to Coinmarketcap.com, there are numerous cryptocurrencies on offer.

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

It's even easier to monitor and track your most-loved currencies. With an app like Tabtrader You can monitor each swing and know when to purchase more coins or make profits.

If you have held your cryptocurrency for a lengthy time, you may be able to use it to collect airdrops, or transfer the coins into wallets like Trustwallet, Imtoken or Myetherwallet and then use secure passwords to secure them.

Also, it is important to save your 12-word phrases to be able to refer to it in the future in case your host device gets stolen or lost.

Conclusion
All this information makes you your bank account and enable you to transact anywhere and whenever you'd like.



Here's my website: https://twitter.com/arifouo