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Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi is an experienced businessman and investor who realized that cryptocurrency could be a legitimate investment asset. Here are his insights and lessons.

Arif Efendi Explains the difference between Crypto and. Stocks
If you're an investor, it's important to know the distinction between stocks and cryptocurrency. Although they share some similarities, they aren't exactly the same as stocks.

Cryptocurrency is a digital asset or currency whose transactions are recorded and verified through an uncentralized system via cryptography instead of a centralized authority. Stocks (also called equity) are securities that show ownership of a specific part of a company.

Arif Efendi People buy both stocks and crypto with an eye on capital appreciation in particular when the currency held rises in prices.

Why people buy stocks and cryptocurrencies
Individuals purchase stocks to be able to vote on company decisions. Investors also buy stocks for dividends that the company gives to shareholders.

It's simple to invest in crypto and stocks today using the next-generation market and other mobile investment apps.

While the process may appear similar, there are many distinctions. For instance, even though the Securities and Exchange Commission regulates stocks, you can trade crypto at any time of the day using your mobile phone or your smart phone.

You can also trade using fiats or crypto trading pairs.

Trading Crypto is different from. Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable in spite of its high volatility.

A huge market cap could cause a shift of between 5 and 10% for cryptocurrency, while smaller ones can see gains of 10x in just a day.

This is a rare item in the market.

To illustrate, if, for instance, you earned $1000 from Solana's Solana stock on January 1, 2021, for $1.837 the investment would now be valued at $182,000 based on the current price of trading at $182.

If you're not weak, crypto investment can be very profitable. The money could come from a stranger. The regulation of cryptocurrency is not controlled by a central authority.

Thus, their value comes from the costs of production and supply as in addition to demand and the rate of adoption.

Understanding Demand and Supply in Cryptocurrency
Our textbook on economics shows us that if the the demand for an asset increases more quickly than supply, the cost of the asset will rise.

In the event of an earthquake, for example water prices can rise when demand is low. Arif Efendi The same economic principle applies to cryptocurrency.

We are getting to the stage of mass adoption and we're seeing institutions investors like MicroStrategy and countries like Ecuador betting hugely on cryptocurrency. It's a wonderful moment to be alive.

It's important to understand the risk of volatility
The value of crypto fluctuates in the same way as the market for stocks. A lot of people want to invest in crypto and reap 100x profit.

It is difficult to know how long an investment will last operating profitably. However, it is essential to be aware of when you should buy or sell an asset.

Warren Buffet says, "Be afraid if other people become greedy. Be greedy when others are scared."

The majority of people who invest in cryptocurrency are scared. Bear markets are the best time to invest in crypto. If the currency is in decline. If Harry, Dick, or Tom are in panic selling.

https://islamansiklopedisi.org.tr/abdulbaki-arif-efendi The most anxious people could lose their investment if concerned and nervous. Have a list of cryptocurrencies you would prefer to invest in and watch for the candles to show up.

Another option to buy is on weekends, when institutional investors end their trades for the week.

Arif Efendi We are witnessing a shift from traditional investing methods, where a broker is mandatory, to newer methods, where you can buy crypto from your home.

What Cryptocurrency Should I Purchase?
Go to coinmarketcap.com to see a list of cryptocurrencies you can choose from.

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

It is now easier to track and monitor your favorite coins. Tabtrader makes it easy to monitor each movement, and when you should buy more.


If you have your cryptocurrency for a prolonged time frame You have the option to collect airdrops, or transfer them to wallets such as Trustwallet. Arif Efendi Imtoken or Myetherwallet. https://archives.saltresearch.org/handle/123456789/19194 Make sure you use secure passwords in order to protect the security of your crypto.

Keep a copy of your 12-word word phrase in case your host device is lost or stolen.

Conclusion
Your bank has all this information. Transact wherever you're located around the globe at any time.



Website: https://archives.saltresearch.org/handle/123456789/19194