Notes

ARIF EFFENDI explains why CRYPTO INVESTMENTS LEADER THE MARKET

The stock market witnessed an massive drop in the value of stocks and other risk assets in the beginning of 2022. Arif Elfendi claims that the reason for this was increasing inflation, anticipations of an rise in interest rates, and tension between Russia, Ukraine, and other risk assets. It is essential for investors to diversify their portfolios when the economy is in turmoil. That's the reason why crypto investments are a good idea.

Is Cryptocurrency an investment or Currency?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Elfendi believes that this allows you to make payments all over the world , without needing physical cash available to exchange.

The transactions made with cryptocurrencies are protected by a technique known as cryptography. Arif Efendi This prevents users to double-spend or even make counterfeits as per Arif Efendi.

An outstanding feature of the digital currency is that it is not issued by any central entity. The currency is not subject to government interference. It is possible to earn the currency, and then buy it from an exchange, broker or any other intermediaries.

Ripple is one of the most popular cryptocurrency. Arif Efendi Each coin has its unique uses.

Bitcoin is much more than just a digital currency. Arif Efendi It is also utilized to invest. Many are keen on trading digital currencies to earn a profits. An investor may buy digital coins and keep them for a greater or shorter time. Then, they sell off when prices rise. Arif Efendi Though some countries have restrictions on the use of cryptocurrency El Salvador became the first country to adopt Bitcoin as a legally-enforceable option.

Arif Efendi on Printed Currencies versus Cryptocurrencies
Fiat and printed currencies, along with cryptocurrency facilitate payment. However , they differ. Arif Efendi explains some of the distinctions.

Regulation
Because fiat currencies are issued by government, the central bank regulates them. They are also regarded as legal tender. They are subject to the policies of government as time passes.

Cryptocurrencies are digital assets that are decentralized. They can be used by anyone without government interference. Certain countries have a stance against crypto, citing fears that it could be used to facilitate money laundering and other criminal activities.

Form of Exchange
It is possible to trade fiat currency in physical and electronic formats However, cryptocurrency can only be exchanged in digital format. This is because the currency is embedded into a series of codes.

Storage Method
Fiat currency is stored in banks, home safes or in fiat wallets. Cryptocurrencies are stored in crypto wallets. Fiat wallets can also be used as the means to convert the currency of the government into digital assets.

Advantages Cryptocurrencies have over printed Currencies
The cryptocurrency market has many advantages over printed currencies. Arif Efendi mentioned that they contain the following advantages:

Decentralized System
Crypto is based on an uncentralized system. It is not possible to control its circulation or value. Because banks keep track of transactions, each transaction is also documented in a ledger. However, it isn't able to reveal personal information. This stops the loss of data and fraud.

It serves as a hedge
Digital assets like Bitcoin are a great option to hedge against the effects of inflation. Inflation will lead to more money being in circulation, but more affordable products.

Bitcoin is created to be a rare coin regardless of what happens in the economic system. The coins will always be scarce even though thousands of dollars can be spent on them. There's also a high chance that the coins will appreciate.

Payments across Borders
You can instantly transfer money to any country using cryptocurrency. It's simple to transfer money and there are no charges for transactions.

It will take several weeks or days for the printed currency to be delivered to the person who needs it. The fees associated with such transactions are exorbitant. In certain situations your transaction could be refused due to tensions between nations, sanctions or rules.

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

Extreme Volatility
The volatility of cryptocurrency can be very high. It is possible to accumulate a large amount of wealth within one month or less, and then lose everything in the twinkle of an eye.

Refusal to Get Returns on an investment
Older investors and advertisers make beginners believe that they can get high returns in a matter of minutes. But regular trading and risk management are key to maximizing your profits.

Tracking of accounts
While cryptocurrency transactions are secured with codes, they leave digital footprints. https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759 The FBI is able to decode the codes and monitor the accounts of common citizens.

Conclusion
Arif Efendi talks about cryptocurrency as a digital currency that you can use for secure transactions. It is also a great way for diversification of your portfolio. This article will explain the distinctions between cryptocurrencies and printed currencies. The article also discussed the advantages of crypto-money over paper currency.

Arif Efendi warns that cryptocurrency is not without risk, like other investments. https://www.youtube.com/channel/UC88wbcqStE-yuh9ZGXgwTcw/videos It is recommended that investors speak with an experienced financial professional prior to making a decision about investing.




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