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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrency as an investment option. In this piece, he explains his experiences and tips

Arif Emendi explains the difference is between stocks and Crypto
Investors such as myself need to know the difference between stocks and cryptocurrencies. While there are some commonalities between cryptocurrencies and stocks, they are very different.

Cryptocurrency is a digital asset or currency whose transactions are documented and verified using a decentralized system using cryptography instead of a central authority. Stocks, also known as securities or equity, are the ownership of a particular portion of a firm.

Capital appreciation is a key motive for investors to buy stocks and crypto. Arif Efendi This is especially the case when the asset is rising in price.

Why Do People Purchase Stocks and Cryptocurrencies?
Stocks are bought by investors who vote on company decision-making. Stockholders are also able to invest in stocks to earn dividends from the company.

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

The process may look the same, but there are still certain variations. For instance, while the Securities and Exchange Commission regulates securities, you are able to trade crypto at any day of the week from your phone or smart device.

You are also able to trade crypto with other trading pairs in crypto, or fiats.

Trading Crypto and. Swing Trading
You might be wondering why it's more profitable to trade crypto despite the volatility.

With a substantial market capitalization is expected to see to see a swing of 5-10% in crypto. However, smaller cryptocurrency could achieve 10x or more per day.

This is the truth.

Here's an example: If you had invested $1000 on Solana the stock, it would be worth $182,000 today at the price of $182.

Arif Efendi Crypto investment can be that rewarding , if you're not in a position of weakness. An unexperienced investor might be wondering where the money came from. The cryptocurrency market is not governed by any central entity.

Arif Efendi Production costs as well as supply and demand are the key factors that determine their value.


Understanding Cryptocurrency Supply and Demand
From our textbook on economics, we know that if demand for an asset rises up faster than the supply, the price of that asset will go up.

If there's an earthquake in a specific place, the price of water will rise even if the demand remains static. The same economic principle applies for cryptocurrencies.

We are nearing the point of mass adoption, and institutions such as MicroStrategy or a country such as Ecuador are betting big about crypto. What a great moment to be alive!

It's important to recognize the risks of volatility
The market for cryptocurrency is similar to stock market. Its value can fluctuate . A lot of people are hoping to make 100x profits by investing in cryptocurrency.

Arif Efendi Although it's not certain that an asset will be profitable for a long time It is crucial to know when an asset should be purchased and traded or sold to make profit.

Arif Efendi According to Warren Buffet, "Be fearful when you see greedy people around you and be greedy when other are afraid."

The majority of people who invest in cryptocurrency are worried. The bear markets are the best time to make investments in crypto. If the asset is falling. If every Tom, Dick and Harry is panic-selling.

People who are worried and worried could end up losing their money. Make a list of the cryptocurrencies that are most appealing to you and then wait for the candle in red to go out.

Arif Efendi A weekend is a great time to buy, as the majority of institutional investors will have closed their positions for the week.

There is a shift from traditional methods of investing that require a broker to be required, to modern ways that allow you to buy crypto at home.

What Cryptocurrency should I purchase?
There are many cryptocurrencies available to pick from when you check coinmarketcap.com.

My favorite has been Solana. This was followed by VAX, POLIS, and ATLAS.

It's even easier to track your most loved coins and keep an an eye on them. With an app such as Tabtrader you can track each time you swing and can determine when it is time to purchase more or to take profit.

If you've been storing your cryptocurrency for a long time and you're able to take it and get airdrops. You can also transfer them to wallets such Trustwallet or Imtoken and then create passwords that are secure to protect them.

You should also keep your 12-word phrase in case your host device is stolen or lost.

Conclusion
With all this details, you're your bank, and you can transact at any time and from any location in the world.



Read More: https://find-and-update.company-information.service.gov.uk/officers/Ey_lyqyWi7zYIDz6gqhtbb_89cc/appointments