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Arif Efendi, Businessman, Shares His Insights On Crypto Investment

Arif Efendi is a businessman and an investor with extensive experience, saw crypto currencies as a viable investment option. Here are his observations and lessons.

Arifefendi discusses how Crypto differs from Stocks
If you're an investor, it's important to know the distinctions between stocks and cryptocurrency. While there are some similarities between stocks and cryptocurrencies, they are very different.

The cryptocurrency is a digital asset and currency whose transactions have been documented and verified by decentralized cryptography. It does not have a central authority. Arif Efendi Arif Efendi Stocks, also called securities or equity, are the ownership of a certain part of a business.

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

Arif Efendi Arif Efendi Why Do People Purchase Stocks and Cryptocurrencies
Stocks can be purchased to vote or influence company decisions. Investors also purchase stocks to receive dividends, which the company gives to shareholders.

It's simple to invest digitally in stocks and crypto through the new technology marketplace as well as a myriad of mobile apps for investing.

It might appear to be the same but there are significant differences. You can trade cryptocurrency anytime you want, even though the Securities and Exchange Commission regulates stocks.

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

Trading Crypto is different from. Swing Trading
It is possible to ask what makes trading crypto more profitable despite its volatility.

The largest market cap cryptocurrency can have a swing of between 5% and 10%. Smaller cryptos, however, could gain 10x every day.

It's true that this is quite rare in stocks.

For instance, if you were to have invested $1000 in Solana 1st January 2021, at $1.837 the investment would be worth $182,000 right now at the current trading price of $182.

It is extremely rewarding to invest in crypto as long as you aren't a weak investor. Uninitiated investors might be wondering how the money is made. Cryptocurrency is not regulated by any central authority.

Their value is therefore dependent on the cost of production and consumption, demand and supply the rate of adoption, as well as availability on utility exchanges as well as utilities.

Understanding the Demand and Supply in Cryptocurrency
In our economics textbook we can recall that if the demand for an asset goes up faster than the supply, the price of that asset will increase.

If there is an earthquake that strikes a certain area, the price of water will rise , even when the demand is not changing. This economic principle also applies to cryptocurrency.

Arif Efendi We are moving into the stage of mass adoption, and organizations such as MicroStrategy, and Ecuadorean investors are betting big on cryptocurrency. It's a wonderful moment to live!

It's important to recognize the Risks of Volatility
The price of cryptocurrency fluctuates exactly the same way as the market for stocks. Many want to be part of crypto and earn 100x profit.

Although it's not certain that an investment will be profitable for a long time, it is important to understand when an asset 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."

A lot of people working in the field of cryptocurrency are worried. The best time to invest in cryptocurrency is during the bear market. When the price of cryptocurrency falls. When Harry, Dick and Tom panic-sell.

If people feel anxious or scared, they might lose their investments. Keep a list of cryptos you would like to invest in and wait for the red candles to show up.

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

The traditional way of investing requires an intermediary. The modern way of buying crypto can be done from the comfort of your home.

Which Cryptocurrency Do I Need to Purchase?
If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

My number one pick was Solana. POLIS followed by AVAX and ATLAS.

It's now even simpler to track and monitor your preferred currencies. With an app like Tabtrader, you check every swing to know when to buy more or make profits.

If you have your cryptocurrency for a prolonged time frame, you have the option to collect airdrops, or transfer them into wallets like Trustwallet. Arif Efendi Imtoken or Myetherwallet. Use secure passwords to safeguard the security of your crypto.

Also, keep your 12-word phrase handy so that you can retrieve your asset in the case of a host device becoming lost or taken.

Conclusion
With this information, your bank is your bank. You can transact anywhere on the planet anytime.


Here's my website: http://vne-dorog-chita.ru/user/Arif-Efendigiqv675/