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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi, a successful entrepreneur and investor, realized that cryptocurrencies could be a legitimate investment tool. Here are his insights and lessons.

Arif Elfendi explains the distinctions between crypto and stocks.
Arif Efendi Understanding the difference between stocks and cryptocurrency is vital if you're an investor just like me. Although they share many similarities, stock and cryptocurrencies are different.

The term "cryptocurrency" refers to a type of digital currency , or an asset whose transactions can be verified and recorded through an independent system through cryptography . It replaces an authority that is centralized. Stocks, also called equity are securities that are ownership of a portion of a company.

Capital appreciation is one of the main reason why people buy crypto and stocks. This is especially true when the assets they hold rise in price.

Why Do People Buy stocks and other cryptocurrencies?
Arif Efendi https://rentry.co/pvx28 Stocks are bought for voting or to influence the company's decision-making. Additionally, they invest in order to earn dividends which the company distributes to their shareholders.

It's simple now to invest digitally in stocks and crypto using the latest-generation marketplace.

It might appear to be identical, however there are some important distinctions. It is possible to trade cryptocurrency at any hour of the day regardless of whether or not the Securities and Exchange Commission regulates the stock market.

It is also possible to trade cryptocurrency with other trading pairs of crypto and fiats.

Trading Crypto is different from. Swing Trading
You might be asking yourself why it's more profitable for you to trade cryptocurrency, regardless of the risk of volatility.

Large market cap cryptos may vary between 5 and 10%. Smaller cryptocurrency, however, may gain 10x per day.

This is extremely rare in stock.

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

If you have a strong grasp of crypto, it can be very rewarding. A novice may wonder where the money came from. The regulation of cryptocurrency is not controlled by a central authority.

They are , therefore, worth their cost in terms of supply, demand , and production.

Understanding the Supply & Demand in cryptocurrency
According to textbooks on economics according to textbooks, if demand is higher than the supply, then the price of the asset will rise.

If there's an earthquake at a place, the water price will increase if there is a demand for the water is not. The same economic concept applies to cryptocurrency as well.

Arif Efendi We are moving into the phase of mass adoption and organizations like MicroStrategy, as well as Ecuadorean investors, are betting big on cryptocurrency. Arif Efendi It's an exciting moment to be alive.

It's important to recognize the Risks of Volatility
Similar to the stock market, cryptocurrency's value changes. Many people want to be part of crypto and earn 100x profit.

Arif Efendi While there is no utmost guarantee that an asset will always be profitable however, it is essential to know when to buy an asset and when to sell it or profit.

Warren Buffet stated, "Be fearful when others get greedy and be greedy whenever people are scared."

People in the crypto space tend to be scared. Bear markets are the best time to invest in crypto. If the price of the cryptocurrency is falling. Panic-selling occurs when there is none of Harry, Dick or Tom.

Arif Efendi If investors are anxious or fearful, they could lose their investments. Keep track of which cryptocurrencies appeal to you the most and watch for the candle in red to light up.

https://telegra.ph/Arif-Efendi-explains-the-use-of-crypto-in-the-football-world-05-07-2 Another excellent time to buy is during weekends, when the majority of institutional investors have closed their trades for the week.

Right now, we are witnessing a major shift away from the traditional ways of investing, where you require a broker to a more modern method, which allows you to buy cryptocurrency from the comfort of your home.

What Cryptocurrency Do I Need to Buy?
You have many options to choose from when you go to coinsmarketcap.com.

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

It's also easier to keep track of your favorite coins and keep in mind their movements. With an app such as Tabtrader, you check each time you swing and can determine when to buy more or make profits.

If you've been storing your cryptocurrency for a long time and you're able to get it back and enjoy airdrops. It is also possible to transfer them to wallets such Trustwallet or Imtoken and then create passwords that are secure to keep them safe.

You should also keep your 12-word phrase in case your host device is lost or stolen.

Conclusion
You are your bank with all of this data. You can transact anywhere around the globe anytime.


Read More: https://arif.efendinqnq865.bravejournal.net/post/2023/05/07/Arif-Efendi-explains-Blockchain-and-Cryptocurrency-Relationships