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Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor has realized that cryptocurrencies could be a legitimate investment tool. Here are his insights and lessons.

Arif Elfendi explains the differences between stocks and crypto
Knowing the difference between stock and cryptocurrency is crucial if you are an investor like me. Both stocks and cryptocurrency have many similarities, but they aren't the same.

Cryptocurrency is a type of digital asset or currency whose transactions are recorded and verified through an uncentralized system via cryptography instead of a centralized authority. Stocks, also known as equity or securities, represent ownership of a certain part of a business.

People buy both stocks and crypto with an eye on capital appreciation in particular when the currency is valued increases in value.

Why Do People Purchase Stocks and Other Cryptocurrencies
Stocks are also able to be bought to influence decisions of the company and votes. Arif Efendi They also purchase shares to receive dividends that the company distributes to their shareholders.

It's easy to invest in stocks and crypto online right now with the market of the future and other apps for mobile investments.

However, the process might look similar, but there are still certain distinctions. Arif Efendi For instance, while the Securities and Exchange Commission regulates the stock market, you are able to trade crypto anytime throughout the day via your smartphone or smart phone.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto vs. Swing Trading
You might be wondering why trading crypto is so profitable in spite of its volatility.

https://www.news-review.co.uk/business/04/2023/post-covid-hospitality-industry-arif-efendi/5223/ Cryptos with huge market cap could fluctuate between 5% and 10%, while smaller cryptos can reach 10x in one day.


It is not common in stock.

For instance, if had invested $1000 in Solana on January 1, 2021 at $1.837, your investment would be worth $182,000 right now at the price of trading of $182.

The investment in crypto can be rewarding , if you're not a weak hand. A noob may ask what the source of the money comes from. There isn't a central authority to regulate cryptocurrency.

They therefore are worth the price in terms of supply, demand , and production.

Understanding Demand and Supply in Cryptocurrency
We know from the economics books that when there is more demand than supply of an asset, its value will rise.

For instance in the event of an earthquake that strikes a particular area, the price of water will rise if demand remains constant. Arif Efendi The same economic principle is applicable to cryptocurrencies as well.

We are getting to the phase of mass adoption, and we're witnessing institutional investors like MicroStrategy as well as a country such as Ecuador investing heavily in cryptocurrency. It's an exciting moment to be alive.

Recognize Volatility Risks
The value of crypto goes up and down similar to the market for stocks. Many people would like to become cryptocurrency-savvy and earn a 100x profit.

While there is no utmost guarantee that an investment will be profitable for a long time, it is always important to know when you should buy an asset and when to sell it or take profit.

Arif Efendi In the words of Warren Buffet, "Be fearful when other people are greedy, and be greedy when other are afraid."

Many people in the cryptocurrency sector are scared. Bear markets are the most favorable times to make investments in crypto. If the price of the cryptocurrency is declining. When Harry, Dick and Tom panic-sell.

People who are worried and worried could end up losing their assets. Keep a list of cryptos you would prefer to invest in and wait for the candles to appear.

Another option to buy is during weekends, as institutional investors close their trading for the week.

Arif Efendi The traditional method of investing requires a broker. The modern way of buying crypto is possible from the convenience of your home.

https://london-post.co.uk/arif-efendi-suspects-theres-plenty-more-to-come-from-lionel-messi-at-psg/ Which Cryptocurrency should I invest in?
If you go to Coinmarketcap.com, there are many cryptocurrencies available.

https://postvines.com/arif-efendi-2022-fifa-world-cup-football/ My top pick was Solana. POLIS, AVAX and ATLAS were right behind.

It's easier than ever to keep track of and monitor your preferred currency. Tabtrader is an application that lets you monitor every move and determine when it's time to make a profit or purchase more.

If you have held your cryptocurrency for a period of time then you may either transfer the cryptocurrency and get airdrops or transfer them to wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure their users.

https://techbullion.com/crypto-enthusiast-arif-efendi-on-the-football-fans-tokens/ Your 12-word word phrase should be stored in order to recover your investment in the event of the host device you are using is lost or taken.

Conclusion
You are your bank with all this information. You can transact anywhere in the world anytime.



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