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Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi, an experienced investor, businessman and entrepreneur was aware that cryptocurrency have become an investment option. He shares his thoughts and experiences in this article.

Arif Emendi explains the difference is between stocks and Crypto
Understanding the difference between stock and cryptocurrency is essential if you're an investor, like me. While they have many similarities, stocks and cryptocurrencies are different.

Cryptocurrency is the term used to describe a digital currency that records transactions by a decentralized system employing cryptography rather than an authority central to. Stocks, also referred to as securities or equity, are the ownership of a specific portion of a firm.


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

Why people Buy stocks and cryptocurrencies
Stocks are also able to be bought to influence the company's decisions and votes. Investors also purchase stocks to receive dividends, which the company pays to shareholders.

It's quite simple to invest your money digitally in stocks and crypto right now with the next-generation marketplace and numerous mobile investment apps.

It may seem like the same but there are some important distinctions. For example, while the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any time of the day directly through your mobile or smart device.

You are also able to trade crypto using crypto trading pairs, fiats or crypto.

Trading Crypto vs. Swing Trading
You might be wondering why trading crypto is so profitable in spite of its volatility.

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

It's the truth.

For instance If $1000 had been placed in Solana on January 1, 2021, at $1.837 The investment would be worth $182,000 now at $182.

If you have a strong grasp of crypto, it is a great way to earn money. The money can come from a person who is not your own. There isn't a central authority that regulates cryptocurrency.

Their value is therefore from the costs of production and supply as well as the demand and acceptance.

Understanding the Supply of Cryptocurrency and Demand
Our textbook on economics teaches us that if the demand for an asset rises faster than supply, then the price of the asset will rise.

For instance when there is an earthquake that strikes a particular area where water is needed, the cost will increase if the demand is static. The same economic principle applies also to cryptocurrencies.

We are getting to the phase of mass adoption, and we're seeing institutions investors like MicroStrategy and a country like Ecuador investing heavily in cryptocurrency. It is an exciting moment in the world of cryptocurrency.

Recognize the Risks of Volatility
The cryptocurrency market is just like the stock markets. Its value can fluctuate . Many are keen to invest in cryptocurrency and make 100x profits.

Although there isn't a 100% guarantee that an investment will always be profitable, it is always important to be aware of when to purchase an asset and when to sell it or profit.

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

Arif Efendi A majority of those working in the crypto market are scared. The best time to buy cryptocurrency is in the bear market. When the value of cryptocurrency is dropping. https://www.youtube.com/watch?v=pLQYtsxmBBE Arif Efendi Panic-selling is when there are no Harry, Dick or Tom.

Arif Efendi If people become anxious and afraid, they may lose their holdings. Keep track of which cryptocurrencies are the most appealing to you and watch for the candle in red to go out.

Arif Efendi A weekend is a great time to invest in a new car, since the majority of institutional investors will be closing their trades for that week.

There is a massive shift happening right now from traditional investment strategies where you need to work with a broker. These are modern ones where you can buy crypto in the privacy of your own home.

What Cryptocurrency Should You Buy?
There are a lot of options available when you check coinsmarketcap.com.

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

It's easier than ever to track and monitor your favorite cryptocurrency. Tabtrader makes it simple to monitor each movement, and when you should purchase more.

If you have held your cryptocurrency for a period of time, you can either take the cryptocurrency and get airdrops or transfer it into wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect them.

Additionally, it is essential to save your 12-word phrases to refer to in the event that your host device becomes lost or stolen.

Conclusion
With this details, you're your own bank and are able to transact anytime and wherever you are anywhere in the world.



Homepage: https://www.youtube.com/watch?v=pLQYtsxmBBE