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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is an experienced businessman and investor who realized that cryptocurrency was a legitimate investment option. Arif Efendi In this article, he shares his learnings and insights.


Arif Efendi Arif Efendi Explains the difference between Crypto vs. Stocks
Knowing the difference between stocks and cryptocurrency is vital if you're an investor just like me. Stocks and cryptocurrencies share many similarities, however they aren't identical.

Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified using an uncentralized system by using cryptography instead of a centralized authority. Stocks, also known as equity, are securities that symbolize ownership of a portion or company.

When the cost of an asset increases both crypto and stocks are purchased with the goal of capital appreciation.

Why do people buy Stocks and Other Cryptocurrencies
Individuals purchase stocks for the purpose of voting on corporate decisions. They can also invest in stocks to collect dividends from the company.

https://www.newswise.com/articles/arif-efendi-applauds-global-renewable-energy-efforts It's easy to invest digitally in stocks and crypto today through the new marketplace and various mobile apps for investing.

While the process might appear similar, there are still distinct differences. You can trade cryptocurrency any time you want, even though the Securities and Exchange Commission regulates the stock market.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto vs. Swing Trading
There is a possibility to ask what the reason is for trading in crypto, despite its high volatility.

Large market cap cryptos could have a swing of between 5% and 10 percent. Less popular cryptos, however, could gain 10x per day.

This is a rare stock.

To illustrate, if you made $1000 in Solana's Solana stock on January 1, 2021, at $1.837 the investment would now be worth $182,000 at current prices for trading of $182.

It is extremely profitable to invest in crypto if you don't have weak hands. Noobs may wonder where the money originates. The regulation of cryptocurrency is not controlled by a central authority.

Therefore, their value stems from the cost of production, supply demand, adoption, and availability in exchanges and utility.

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

Arif Efendi If there's an earthquake for instance water prices can rise in the event of a shortage. The same economic principle applies to cryptocurrency as well.

We are getting to the mass adoption phase, and we're seeing institutions investors such as MicroStrategy as well as a country such as Ecuador betting big on cryptocurrencies. It's an exciting time to live in the present.

Recognize Volatility Risks
The cost of cryptocurrency fluctuates in the same way as the stock market. Many want to be part of crypto and earn a 100x profit.

While there isn't any absolute certainty that an asset will continue to be profitable however, it is essential to be aware of when to purchase an asset, and then sell it to make profits.

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

The majority of people who invest in cryptocurrency are worried. The bear markets are among the best times to invest in crypto. When the asset is going down. Panic-selling occurs when every Harry, Dick, and Tom is going down.

The people who are anxious and worried could end up losing their money. Make a list of cryptocurrency you would like to invest in and then wait for candles to light red.

Another option to buy is on weekends, since institutional investors close their trades for the week.

There is a massive change taking place right now, from traditional methods of investing which require you to work with a broker to modern ones where you can easily purchase crypto from the privacy of your own home.

What Cryptocurrency Do I Have to Purchase?
Arif Efendi You can choose from many cryptocurrencies if you visit coinmarketcap.com.

My most-loved pick has always been Solana (SOL) and then AVAX, POLIS and ATLAS.

It's even easier to monitor and track your preferred coins. Tabtrader lets you monitor every move so that you can decide when to take profits or purchase more.

Arif Efendi If you've been holding your crypto for a long time then you may either transfer it and receive airdrops, or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect their users.

The 12-word phrase you have chosen should be kept in order to recover your asset in the unlikely event that your host device is lost or stolen.

Conclusion
You are your bank with all of this data. Make transactions wherever you are anywhere in the world at any time.



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