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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was a businessman and an investor who saw that cryptocurrencies were an investment opportunity. This article outlines his experiences and insights.


Arif Efendi explains the difference between Crypto and. Stocks
Investors like me need to know the difference between stock and cryptocurrencies. The two have a few similarities, even though they're not the same.

The cryptocurrency is a digital asset and money whose transactions have been recorded and verified using decentralized cryptography. It doesn't depend on the authority of a central authority. Stocks, also known equity are securities that are ownership of a certain percentage of a company.

People buy both stocks and crypto with the intention of capital appreciation in particular when the currency held rises in prices.

Why People Buy Cryptocurrencies and Stocks
Stocks are purchased by shareholders to vote for company decisions. Arif Efendi Also, they invest to receive dividends which the company distributes to its shareholders.

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

Despite the fact that the process looks similar but there are some important distinctions. It is possible to trade cryptocurrency at any hour of the day, regardless of whether the Securities and Exchange Commission regulates the stocks.

Trade crypto with fiats or other trading pairs of crypto.

Trading Crypto is different from. Swing Trading
It is possible to ask why it is better to invest in trading in crypto regardless of the volatility.

Crypto with large market caps could fluctuate between 5% and 10 percent, while smaller cryptos could reach 10x within a day.

https://www.thelondoneconomic.com/lifestyle/my-business/rethinking-hospitality-navigating-the-post-covid-era-with-arif-efendi-351501/ This is a rare stock.

If you had $1000 invested in Solana at $1.837 on January 1, 2021, your stake would have been worth $182,000 at today's market price of $182.

It's not necessary to be a weak investor in crypto investing. Beginners may be wondering where the money comes from. There isn't a central authority to regulate cryptocurrency.

Arif Efendi Thus, their value comes from the costs of production and supply as in addition to demand and the rate of adoption.

Understanding Demand and Supply in Cryptocurrency
Our textbook on economics instructs us that if demand for an asset grows faster than supply, then the cost of the asset will go up.

In the case of earthquakes, for example, they could cause the price of water to increase in specific regions. The same economic concept applies for cryptocurrencies.

Arif Efendi We are in the middle of the mass adoption phase. We find institutional investors like MicroStrategy as well as nations such as Ecuador placing huge bets on crypto. It's a wonderful time to live in.

It is important to be aware of the dangers of volatility
The cryptocurrency market is similar to stock markets. Its value can fluctuate . Many people want to be crypto-savvy and make 100x profit.

While there isn't any absolute assurance that an investment will be profitable for a long time however, it is essential to know when you should buy an asset and when to sell it or profit.

Arif Efendi Warren Buffet stated, "Be fearful when others get greedy, and be greedy whenever you see others being afraid."

Most people in crypto are scared. Bear markets are the best period to buy cryptocurrency. When the asset is declining. If Harry, Dick, or Tom are panic-selling.

The most anxious people could lose their investment if concerned and nervous. Create a list of cryptos you'd like to invest in, and then wait for the red candles.

Another great time is on the weekends when most institutional buyers are closing their trades.

Traditional investment requires the services of a broker. Modern crypto buying is accessible from the comfort of your home.

Which Cryptocurrency should I buy?
You have many options to choose from when you go to coinsmarketcap.com.

My favorite always has been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It's also easier to keep track of your most loved coins and keep an in mind their movements. Tabtrader lets you track every move so that you can decide when to profit or buy more.

If you've been holding onto your cryptocurrency for a long time and you're able to take it and get airdrops. You can also move them to wallets such Trustwallet or Imtoken and set up secure passwords to ensure their security.

Also, keep your 12-word phrase handy to ensure you are able to retrieve your assets in the event of a host device becoming lost or taken.

Conclusion
All these details make you your bank. Arif Efendi You can make transactions at any time, anywhere around the globe, using all the information you have.



My Website: https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759