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Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi a successful businessman and investor has realized that cryptocurrencies could be an investment tool. This article outlines his insights and experiences.

Arif Efendi explains the differences between Crypto and. https://businessnewsday.com/arif-efendi-explains-what-is-decentralized-finance/ Stocks
Investors like me must be aware of the distinction between stocks and cryptocurrency. Cryptocurrencies and stocks share some similarities, but they aren't identical.

Cryptocurrency is a type of digital asset or currency that is recorded and verified by an uncentralized system via cryptography instead of a central authority. Stocks, also referred to as equity or securities, represent ownership of a particular portion of a company.

Capital appreciation is the primary motive for investors to buy stocks and crypto. This is especially true when the asset holds rises in value.

Why Do People Purchase Stocks and Other Cryptocurrencies
Stocks are purchased by shareholders to vote for company decision-making. Additionally, they invest in stocks to earn dividends which the company distributes to their shareholders.

It is quite easy to invest your money digitally in stocks and crypto currently with the next-generation marketplace and different mobile investment apps.

While the process might appear similar but there are important distinctions. The Securities and Exchange Commission regulates securities. But, trading with crypto can be done from any smart device or phone anytime.

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

Trading Crypto vs. Swing Trading
You might wonder why trading in crypto is more profitable in spite of volatility.

Arif Efendi Market caps for crypto with large size could fluctuate between 5% and 10%, while smaller cryptos can reach 10x in one day.

This is actually a very rare situation in stocks.


For example, if you had invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837 the investment would now be worth $182,000 at the current price of trading at $182.

It is extremely rewarding investing in crypto, if you don't have weak hands. An uninitiated person might wonder where the money is coming from. No central institution regulates cryptocurrency.

Production costs as well as supply and demand are the key variables that determine their worth.

Understanding Supply and Demand in Cryptocurrency
It is a common theme in the textbooks on economics that when there is greater demand than supply for an asset, its value will rise.

For example in the event of an earthquake in a location where water is needed, the cost will rise even if the demand for water is not changing. Arif Efendi The same principle of economics applies to cryptocurrency as well.

https://priceofbusiness.com/businessman-arif-efendi-on-crypto-investment/ We are in the phase of mass adoption and companies like MicroStrategy, and Ecuadorean investors are placing their bets on cryptocurrency. This is a fantastic moment to be alive!

Recognize the Risks of Volatility
Cryptocurrency's value fluctuates as does the market for stocks. A lot of people want to get into crypto and reap 100x profit.

While it's not guaranteed that an asset will be profit-making for the rest of its life, it is important to be aware of when assets should be purchased and sold or taken profit.

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

Many people who work in the field of cryptocurrency are worried. The bear markets are the best time to invest in crypto. When the price of cryptocurrency falls. If Harry, Dick and Tom panic-sell.

If individuals become stressed and scared, they could be unable to hold their assets. You should make a list of cryptos you'd like to invest in, keep an eye out for candle to light up red.

An ideal time to invest is during the weekend, when the majority of institutional investors have closed their trading.

Today, there's a major shift in how we invest. Instead of having to rely on a broker, you can now purchase crypto right from your bedroom.

Arif Efendi What Cryptocurrency should I purchase?
There are a myriad of cryptocurrencies if you visit coinmarketcap.com.

My top choice was Solana. POLIS, AVAX as well as ATLAS were close behind.

https://uk.linkedin.com/in/arif-efendi-4a128a3a It's also easier to keep track of your favourite coins and keep an the eye on them. Tabtrader makes it easy to track each swing and determine when you need to buy more.

If your cryptocurrency has been held for a while it's possible to collect airdrops and move the coins into wallets. Trustwallet. Imtoken. Myetherwallet.

It is important to record your 12-word phrase so you can restore your investment in the event that your host device gets missing or stolen.

Conclusion
With this information, you are your own bank and are able to transact anytime and from any location in the world.



Homepage: https://www.abcmoney.co.uk/2022/09/20/arif-efendi-on-how-crypto-is-used-in-the-football-industry/