Notes

ARIF EFFENDI explains why CRYPTO INVESTMENTS LEAD THE MARKET

In the first quarter of 2022, the stock market saw a huge sell-off in stocks and other risk assets. Arif Elfendi argues that the reason for this was increasing inflation, anticipations of an increase in interest rates and tension between Russia, Ukraine, and other risk assets. Arif Efendi The investment in crypto is a great option to diversify your portfolios in an unstable economy.

Is Cryptocurrency an investment or a Currency?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi is of the opinion that this allows the payment of money around the world, without the need to carry and exchange cash.

A technique known as cryptography safeguards transactions that are made using cryptocurrencies. This makes it difficult for users to double-spend or even create counterfeits, according to Arif Efendi.

One of the most striking aspects of digital currency is that it does not have a central issuer. There isn't any government intervention. You can mine the currency yourself, or buy it at an exchange or a broker.

Ripple is one of the most famous cryptocurrency. Each cryptocurrency has distinct benefits.

Bitcoin is much more than just a digital currency. It can also be used to invest. A lot of people are looking to trade digital coins to earn a profit. Investors can purchase digital coins and then hold them for a long or shorter period. They then sell them at a time when prices increase. Though some countries have restrictions on the use of cryptocurrency El Salvador became the first country to adopt bitcoin as a legally-enforceable tendency.

Arif Efendi on Printed Currencies versus Cryptocurrencies
While fiat currencies and cryptocurrencies allow for payments, they are not exactly the same. Arif Efendi has a look at some of their differences.

Regulation
The central bank regulates fiat currencies because they are issued by governments. They are also legal tender. Their value can be affected by government policies.


Arif Efendi They are decentralized digital assets. https://www.researchgate.net/publication/294641812_Mesrebzade_Arif_Efendi_a_Seyhulislam_of_the_Tanzimat_Period_and_the_Problem_of_Unemployment_in_the_Institution_of_the_Qadi They are available to anyone without government interference. Some countries do not support the use of crypto because they assume that it is employed for money laundering and other illegal operations.

Arif Efendi Exchange type
Although fiat currency is able to be exchanged both electronically and physically, cryptocurrency can't be exchanged digitally. Since the currency is embedded in a variety of codes, that's why it is only possible to exchange digital currency.

Storage Method
Fiat currency can be stored in banks and home safes or in fiat wallets. Cryptocurrencies may be kept in digital wallets. Fiat wallets are also utilized to convert government issued currencies into digital assets.

The advantages of cryptocurrencies over paper currency
The cryptocurrency market has many advantages over printed currencies. Arif Elfendi said that these benefits include:

Decentralized System
Crypto is built on an uncentralized system. It is decentralized, which means that no one is able to control its value or circulate. Arif Efendi Every transaction is recorded on the ledger, as banks do. However, it does not reveal private information. This prevents the theft of personal data and fraud.

As an hedge
Digital assets like Bitcoin are a great option to hedge against inflation. Inflation will lead to more money being circulated, but it will also mean more affordable items.

Bitcoin is designed to remain in high demand regardless of changes in the economic system. It is therefore possible to buy a few coins for hundreds of dollars. Arif Efendi There's also a high chance that the coins will appreciate.

Payments across Borders
With cryptocurrency, you can send money to people in other countries within split seconds. It's easy to transfer money and there are no fees for transactions.

Print currency may take a few days to reach the person who needs it. The fees associated with such transactions can be very high. In some cases your transaction could be declined because of the tension between nations as well as sanctions, regulations, and other.

Cryptocurrencies could be risky
Here are some risks associated when using cryptocurrency, as per Arif Efendi.

Extreme Volatility
Cryptocurrency can be volatile. You can make a lot quickly and lose everything within a matter of seconds.

Delay in Getting Returns on Investment
Older investors and advertisers make it seem that beginners can get high returns immediately. In reality, you will not earn so much in your investment until you have completed a period of consistent trading and the proper management of risk.

Tracking of accounts
Even though cryptocurrency transactions are protected with codes, they leave digital trails. The FBI can read the codes and trace the accounts of ordinary citizens.

Conclusion
Arif Elfendi discusses cryptocurrency, a digital asset that is utilized to conduct secure transactions. You can also use it to diversify portfolio. This article outlined the distinctions between currencies printed and digital. The article also discussed the advantages of crypto-money over traditional paper money.

Arif Efendi warns that cryptocurrency has its own risks, just as other investments. He recommends that investors contact an experienced financial professional prior to making a decision about investing.



Homepage: https://www.researchgate.net/publication/294641812_Mesrebzade_Arif_Efendi_a_Seyhulislam_of_the_Tanzimat_Period_and_the_Problem_of_Unemployment_in_the_Institution_of_the_Qadi