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Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi, a successful businessman and investor, realized that cryptocurrencies could be an investment tool. He shares his thoughts and experiences in this piece.

Arifefendi explains why Crypto differs from Stocks
Investors like me must be aware of the distinction between stocks and cryptocurrencies. While they have many similarities, stock and cryptocurrency are distinct.

Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified by an uncentralized system via cryptography instead of a centralized authority. Stocks (also known as equity) are securities that demonstrate the ownership of a particular part of a company.

Stocks and crypto are bought in the hope of capital appreciation, especially when an asset is increasing in value.

Why do people buy Stocks and Cryptocurrencies?
Arif Efendi Arif Efendi For stocks, people buy stocks to vote and influence company decisions. They may also invest in stocks in order to receive dividends from companies.

It's easy to invest digitally in crypto and stocks with the next technology marketplace as well as a myriad of mobile investment apps.

While the process might appear identical but there are important differences. For instance, even though the Securities and Exchange Commission regulates stock, you can trade cryptocurrency at any time of the day using your smartphone or smart phone.

You are also able to trade crypto with other trading pairs of crypto or fiats.

Arif Efendi Trading Crypto is different from. Swing Trading
It is possible to ask why trading in crypto is more profitable, despite the volatility.

There is a 5% to 10% swing on crypto with the largest market cap even smaller cryptos can reach 10x per day.

This is a scarce stock.

As an example for an example, if $1000 was put into Solana on January 1, 2021, at $1.837, the investment would have been worth $182,000 at the time of writing. It is now $182.

It can be very rewarding investing in crypto, if you don't have weak hands. An uninitiated person might wonder where the money is coming from. The regulation of cryptocurrency is not controlled by a central authority.


Thus, their value comes from the price of production, supply, demand, adoption, and availability in exchanges and utility.

Understanding Cryptocurrency Supply and Demand
From our textbook on economics, we are able to recall that if demand for an asset goes higher than supply, the price of the asset will increase.

In the case of earthquakes, for example, they could cause water prices to rise in some areas. The same economic principle applies to cryptocurrencies.

We are getting to the stage of mass adoption and we are seeing institutional investors like MicroStrategy and countries like Ecuador betting big on cryptocurrencies. It's an exciting moment in the world of cryptocurrency.

Recognize the Risks of Volatility
The worth of cryptocurrency fluctuates and down just like the stock market. A lot of people want to invest in cryptocurrency and achieve 100x returns.

It is difficult to know the future of an asset. being profitable. However, it is crucial to understand the best time to buy or sell an asset.

https://books.google.com/books?id=xri9e8h7zIUC&pg=PA134&lpg=PA134&dq=arif+efendi&source=bl&ots=qjFSN2i7kX&sig=ACfU3U0Z2xrP5iMIzfw3QVn8VpYSNlai7g&sa=X Warren Buffet said, "Be afraid when others are greedy and greedy when other are scared."

The majority of people working in the cryptocurrency market are nervous. Bear markets are the most favorable times to invest in crypto. If the price of the cryptocurrency is falling. Panic-selling happens when every Harry, Dick, and Tom is going down.

The most anxious people could lose their investments if they are worried and anxious. Make a list of the cryptocurrencies that appeal to you the most and then wait for the red candle to start to burn.

Arif Efendi Another great time to buy is during the weekend as the majority of institutional investors have closed their trades for the week.

At present, we're witnessing a major shift away from traditional methods of investing, which requires you to need a broker, to a modern way, that allows you to purchase cryptocurrency from the comfort of your room.

Should I Purchase a Cryptocurrency?
If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

My personal favorite was Solana. This was followed by VAX, POLIS, and ATLAS.

It is now simpler to track and monitor your preferred coins. Tabtrader allows you to monitor each movement and determine when you need to buy more.

If your cryptocurrency has been held for a while you can get airdrops, and then transfer the coins into accounts. Trustwallet. Imtoken. Myetherwallet.

Keep a copy of your 12-word phrase just in the event that your host device gets stolen or lost.

Conclusion
This means that your bank is your bank. You can conduct transactions anywhere around the world at any time.

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