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Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi is an experienced investor and businessman who realised that cryptocurrency was an acceptable investment asset. In this piece, he shares his learnings and insights.

Arif Elfendi discusses the distinctions between crypto and stocks.
If you're an investor, it's important to know the differences between stock and cryptocurrency. While they have many similarities, stock and cryptocurrencies differ.

A cryptocurrency is a type of digital currency , or an asset whose transactions can be recorded and verified by a decentralized system through cryptography . This replaces a centralized authority. Stocks, also known as equity or securities, represent ownership of a certain part of a business.

Capital appreciation is a key reason for people to invest in cryptocurrency and stocks. This is especially true when the asset holds rises in price.

Why do people buy stocks and cryptocurrencies
Stocks are purchased by shareholders to be able to vote on corporate decision-making. Investors also buy shares to earn dividends, which the company gives to shareholders.

It's simple now to invest digitally in stocks and crypto with the new-generation market.

The process may appear identical, however there are important differences. The Securities and Exchange Commission regulates securities. However, trading in crypto is accessible from any smart device or phone anytime.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto and. Swing Trading
It is possible to wonder what the reason is for trading crypto, despite the high volatility.

https://berger-gibson.hubstack.net/arif-efendi-a-businessman-shares-insights-about-crypto-investment-1689178361 It is possible to see an 5%-10 percent change in the price of crypto when it has an enormous market cap and smaller cryptocurrencies could reach 10x on a given day.

This is the truth.

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

It can be very profitable investing in crypto if you don't have weak hands. The money can be from a foreign source. Cryptocurrency is not regulated by any central entity.

Thus, their value comes from the cost of production, supply demand, adoption and availability on exchanges and utilities.

Understanding the Supply and Demand in cryptocurrency
From our textbook on economics, we can recall that if demand for an asset goes higher than supply, the cost of that asset will go up.

If there's an earthquake for instance, water prices will rise when demand is low. The same economic principle applies also to cryptocurrencies.

We are getting to the phase of mass adoption, and we are seeing institutional investors like MicroStrategy as well as a country such as Ecuador betting hugely on cryptocurrency. It's a wonderful moment to be alive!

It's Important to Recognize the risks of volatility
Like the stock market The value of cryptocurrency changes. Many people are eager to invest in crypto to make 100x profits.

Arif Efendi There's no guarantee that the profitability of an asset will be constant, however it is crucial to be able to identify the right time to sell an asset, or to make profits.

Warren Buffet once said, "Be fearful of others being greedy, and be greedy if others are afraid."

Many people who work in the cryptocurrency space are anxious. The bear market is the most favorable moment to buy crypto. When the price of cryptocurrency is dropping. If Harry, Dick and Tom panic-sell.

If investors become worried and afraid, they may lose their holdings. You should make a list of cryptocurrencies that you want to invest in, and keep an eye out for red candles.

A weekend is a great time to invest in a new car, since the majority of institutional investors will have closed their trades for the week.

Today, there is a major shift in how we invest. Arif Efendi Instead of needing a broker, you can now buy crypto directly from your bed.

Which Cryptocurrency Should I Buy?
Check coinmarketcap.com to see the various cryptocurrencies you can choose from.

My most-loved pick has always been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It's simpler than ever to keep track of and monitor your favorite currency. Tabtrader allows you to monitor each swing so that you can decide when to profits or purchase more.

If you keep your cryptocurrency for a long time frame, you have the option to either collect airdrops or transfer them to wallets like Trustwallet. Imtoken or Myetherwallet. Use secure passwords to secure your cryptocurrency.

Arif Efendi Arif Efendi It is also essential to record your 12-word phrase to be able to restore your asset in case your host device gets missing or is stolen.

Conclusion
All these details make you your bank. You can transact any time, anywhere around the globe, using everything you own.


Here's my website: https://greve-ludvigsen.technetbloggers.de/businessman-arif-efendi-on-crypto-investment-1689178205