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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi, an experienced investor, businessman and entrepreneur, realized that cryptocurrencies had become a legitimate investment asset. Here are his observations and lessons.

Arif Efendi explains the difference between Crypto vs. Stocks
If you're an investor it's important to know the distinctions between stocks and cryptocurrency. While they have some similarities, cryptocurrencies are not identical to stocks.

The cryptocurrency is a digital asset and currency whose transactions have been recorded and verified via a decentralized cryptography. It does not have a central authority. https://bugledigital.co.uk/arif-efendi-gives-his-thoughts-on-messi-winning-the-world-cup/ In contrast, stocks, also called equity are securities that show ownership of a part of a company.

Capital appreciation is the primary reason for people to invest in cryptocurrency and stocks. This is especially true when the asset is rising in value.

Why people Buy stocks and cryptocurrencies
Stocks can be bought to vote or influence company decisions. Also, they invest to receive dividends, which the company distributes among their shareholders.

It's easy today to invest in stocks and crypto with the next-generation marketplace.

Although it appears similar to the way things are done, there are some significant differences. For instance, while the Securities and Exchange Commission regulates stock, you can trade crypto at any time throughout the day via your smart phone or smartphone.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto is different from. Swing Trading
You may be wondering what makes trading crypto more profitable despite its volatility.

Large market cap cryptos can be able to fluctuate between 5 to 10%. Less popular cryptos, however, could increase 10 times daily.

This is a very scarce item.

Here's an example: If you had invested $1000 on Solana, it is worth $182,000 today at the price of $182.

It can be extremely rewarding to invest in crypto if you aren't a weak investor. An uninitiated person might wonder what the source of the money comes from. Arif Efendi No central institution regulates cryptocurrency.

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

Understanding Cryptocurrency Supply and Demand
We can remember from textbooks on economics that if there is greater demand than supply for an asset, its value will rise.

Arif Efendi In the case of earthquakes, for example, they can trigger prices for water to rise in specific regions. The same principle of economics is applicable for cryptocurrencies.

We are getting to the mass adoption phase, and we're witnessing institutional investors like MicroStrategy and countries like Ecuador investing heavily in cryptocurrency. This is a great moment to live in.

Be aware of the volatility risks
Like the stock market, cryptocurrency's value changes. Many investors want to earn 100x returns by investing in crypto.

It is difficult to know whether an asset will continue earning money. However, it is crucial to understand when you should buy and sell the asset.

Warren Buffet once said, "Be fearful of others being greedy and be greedy if others are afraid."

Many people in the cryptocurrency market are afraid. Arif Efendi The bear market is the most favorable time to invest in cryptocurrency. When the price of cryptocurrency falls. When every Tom, Dick and Harry is panic-selling.


Arif Efendi When people are fearful and worried, they might lose their investments. Create a list of cryptocurrencies that you want to invest in, and keep an eye out for candle to light up red.

Another excellent time is the weekends when most institutional buyers are closing their trades.

There is an important shift in the way we invest. Instead of requiring an intermediary, you can now buy crypto directly from your bedroom.

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

My favorite choice has always been Solana, followed closely by AVAX and POLIS.

It's now easier to monitor and track your most-loved currencies. Tabtrader lets you track every swing so that you can decide when to profit or buy more.

If you've been holding onto your cryptocurrency for a long time and you're able to get it back and enjoy airdrops. It is also possible to transfer the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

It is important to record your 12-word phrase in order to recover your valuable asset should your host device goes missing or stolen.

Conclusion
All this information will make you your bank and allow you to conduct transactions wherever and at any time you wish.



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