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ARIF EFFENDI explains how CRYPTO INVESTMENTS RULE THE MARKET

The market for stocks experienced a massive sell-off in stocks and other risky assets, in the first quarter of 2022. Arif Elfendi argues that this was due to rising inflation, anticipations of an increase in interest rates and tensions between Russia, Ukraine, and other risk assets. In a volatile economy, investors must diversify their portfolios. This is where crypto investing comes in.

Are Cryptocurrency an investment or a currency? investment?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Elfendi believes that this makes it simple to pay all over the world , without needing physical cash available to exchange.

The cryptography technique is used to protect transactions using cryptocurrency. This prevents users to make double-spends or make counterfeits according to Arif Efendi.

The most distinctive aspect of this digital currency is the fact that it is not granted by any central authority. Therefore, it is free of government interference. Arif Efendi It is possible to mine the currency and buy through an broker, exchange or another intermediaries.

Arif Efendi Ripple, Ethereum and Litecoin are three of the most popular cryptocurrency. Every coin has its use.


Alongside being a payment currency, cryptocurrency is also an investment choice. Digital coins are popular among those who want to make money. Investors buy and hold for a long or short time, and then sell it off when there's a price increase. Arif Efendi Although cryptocurrency is not legal in all countries, El Salvador became first country to legalize Bitcoin.

https://www.sosyalarastirmalar.com/abstract/risala-fi-hased-work-of-kadizade-mehmed-arif-efendi-and-its-analysis-of-contents-73091.html Arif Efendi on Printed Currencies versus Cryptocurrencies
Although cryptocurrencies and fiat currency can both be used to facilitate payments, they do not work in the same way. Arif Efendi explains the differences below.

Regulation
The central bank is responsible for regulating fiat currency because they are issued by the government. They also have legal and legal tender. Their value is affected by policies of the government.

Cryptocurrencies, or digital assets decentralized, are called cryptocurrencies. They are therefore free from the oversight of governments. Some countries do not like crypto because of the possibility that it can be used to finance money laundering or other illegal operations.

Form of exchange
While fiat currencies can be exchanged both electronically and physically, cryptocurrency cannot be traded electronically. This is because cryptocurrency is embedded into a number of codes.

Storage Method
Fiat currencies can either be stored in banks, or home safes. Cryptocurrencies can be kept in crypto wallets. Fiat wallets allow you to convert government-issued money into digital assets.

The advantages of cryptocurrencies over paper currency
The advantages of crypto over printed currencies are many. Arif Efendi said that the benefits include:

Decentralized System
Crypto is not centralized. It isn't possible to control its circulation or value. Each transaction is recorded in an account just like banks record transactions. However, the ledger does not contain any personal data. This prevents data breaches and fraud.

Serves as a Hedge
You can protect yourself against inflation with digital assets like Bitcoin. When inflation is high there will be more money in circulation but scarce items are more expensive to purchase.

Bitcoin is intended to be scarce, no matter what happens in the economic system. Arif Efendi A lot of people will be able to purchase bitcoins with thousands of dollars. Arif Efendi It is likely that the coins could appreciate in value.

Payments across Borders
You can send money from one nation to another by using cryptocurrency in just a few minutes. The fees for transactions are low , and the entire procedure is easy.

It could take several weeks or days for printed currency to reach the beneficiary. Additionally the transactions will incur significant fees. Sometimes, transactions can be blocked due to conflict between countries or regulations.

Cryptocurrencies The Risks
Arif Efendi discusses the dangers of using cryptocurrency.

Extreme Volatility
It's extremely unstable. It is possible to accumulate lots of wealth within months, and you can lose everything in a flash.

The delay in receiving returns on investment
Older investors and advertisers believe that new investors are able to earn high returns immediately. But regular trading and risk management is the key to maximising the returns you earn.

Account Tracking
While crypto transactions are protected with encryption, they still leave digital tracks. The FBI is able to decode the codes and track the accounts of common citizens.

Conclusion
Arif Efendi talks about cryptocurrency as a digital currency that can be used for secure transactions. You can also invest in it to diversify your portfolio. This article explained the differences between crypto currencies and printed currencies. Arif Efendi The article also discussed the advantages of crypto money over paper currency.

Arif Efendi points out that cryptocurrency, as with all investments, has its own risks. He advises that people ensure they contact a professional financial advisor before making a decision to invest.



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