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Arif Efendi, a Businessman gives his insights on Crypto Investment

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

Arif Emendi clarifies what the differences are between shares and Crypto
Investors like me must know the difference between stock and cryptocurrencies. Although they share many similarities, stock and cryptocurrencies are different.

Cryptocurrency refers to a digital currency that records transactions through a decentralized system employing cryptography rather than an official central authority. On the other hand the stocks, which are also referred to as equity are securities that show ownership of a particular part of a company.


Capital appreciation is a key reason why people buy stocks and crypto. This is especially true when the asset is rising in price.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ Why Do People Buy stocks and other cryptocurrencies?
Stocks can be purchased to vote or influence the company's decisions. Investors also buy shares to earn the dividend payments that the company makes to shareholders.

It's very easy to invest your money digitally into stocks by using the next-generation platform and other mobile investment apps.

Although the process may look like it does, there are a lot of distinctions. The Securities and Exchange Commission regulates the trading of stocks. However, crypto trading is accessible from any smartphone or smart device anytime.

Trade in crypto using fiats or other crypto trading pairs.

Trading Crypto and. Swing Trading
You might wonder why trading crypto is more profitable despite its volatility.

It is possible to see the 5% to 10 percent change in the price of crypto when it has an enormous market cap and smaller cryptocurrencies could reach 10x per day.

It's the truth.

For example, if you earned $1000 from Solana's Solana stock on January 1, 2021, at $1.837 Your investment today would be worth $182,000 at the current prices for trading of $182.

It can be rewarding , if you're not a weak hand. Uninitiated investors may be curious about where the money comes from. It's impossible to regulate cryptocurrency from an authoritative central authority.

The cost of production as well as supply and demand are the primary variables that determine their worth.

Arif Efendi Understanding Cryptocurrency Supply and Demand
According to economics textbooks If the demand is greater than supply, then the price of the asset will increase.

If there's an earthquake in an area, the water price will rise if the demand for the water is not. The same economic principle applies to cryptocurrency.

Arif Efendi Arif Efendi We are currently in the phase of mass adoption. Investors from institutions like MicroStrategy are investing big in cryptocurrencies. It's a great time to live in the present.

It's Important to Recognize the potential risks associated with volatility
The worth of crypto goes up and down just like the stock market. A lot of people are hoping to make 100x returns by investing in cryptocurrency.

While there isn't any absolute certainty that an asset will always be profitable, it is always important to be aware of when to purchase an asset and sell or make profits.

Warren Buffet once said, "Be be wary of other people being greedy, and be greedy when others are scared."

The majority of people working in the cryptocurrency market are scared. Bear markets are the ideal period to buy cryptocurrency. If the price of the cryptocurrency is falling. Panic-selling occurs when every Harry, Dick, and Tom is going down.

If individuals become stressed and scared, they could lose their investments. Create a list to identify cryptocurrency you would like to invest in and watch for the red candles to show up.

Another excellent time to buy is during weekends, as the majority of institutional investors are closing their trading for the week.

There is a major shift in how we invest. Instead of requiring an intermediary, you can now buy crypto directly from your bedroom.

What Cryptocurrency Should You Purchase?
You have many options to choose from when you go to coinsmarketcap.com.

My favorite has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.

It's now easier than ever before to track and monitor your most loved currency. Tabtrader lets you track every swing so that you can decide when to take profits or purchase more.

If you've been holding your cryptocurrency for a lengthy time, you can keep it and use it to get airdrops or move your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and then use secure passwords to safeguard them.

It is also recommended to keep your 12-word word phrase in the event that your host device gets lost or stolen.

Conclusion
With this information, your bank is your bank. You can transact from anywhere in the globe at any hour.



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