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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi an investor and businessman who has a lot of experience, saw crypto currencies as a viable investment choice. He shares his insights and lessons learned in this piece.

Arif Efendi Arifefendi explains how Crypto is different from stocks
Investors like me must be aware of the distinction between stocks and cryptocurrencies. Although they have several similarities, stocks and cryptocurrencies differ.

Cryptocurrency refers to the concept of a digital currency that records transactions through a decentralized system that uses cryptography instead of an official central authority. In contrast, stocks, also called equity are securities that show ownership of a part of a company.


Cryptocurrencies and stocks are purchased to gain capital appreciation, particularly when the asset is rising in price.

Arif Efendi Why do people purchase shares and cryptocurrencies?
Stocks can be bought to influence or vote on the company's decision-making. They also purchase stocks for dividend payments that the company distributes to their shareholders.

It's simple to invest in stocks and crypto online right now with the latest market technology and apps for mobile investments.

The process may look the same, but there are still some notable differences. The Securities and Exchange Commission regulates the trading of stocks. But, trading with crypto can be done from any smart device or phone anytime.

It is also possible to trade cryptocurrency in conjunction with other trading pairs of crypto and fiats.

Trading Crypto and. Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable despite its high volatility.

With a huge market capitalization, you can expect an increase of 5% to 10% in the crypto. Arif Efendi However, smaller cryptocurrencies could achieve 10x or more per day.

It's not commonplace in the stock.

If you invested $1000 in Solana at $1.837 on January 1, 2021 the investment would be worth $182,000 at the current price of $182.

If you're not weak investing in cryptos can be extremely lucrative. Uninitiated investors might be interested in knowing where the money is coming. Regulation of cryptocurrency is not controlled by a central authority.

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

Understanding the Supply & Demand in Cryptocurrency
The textbook on economics explains that the price of an asset can rise when demand for it grows more quickly than the supply.

https://priceofbusiness.com/businessman-arif-efendi-on-crypto-investment/ For instance, a natural disaster could cause the price of water to increase in some areas. The same economic principle applies to cryptocurrency.

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 betting hugely on cryptocurrency. It is an exciting moment in the world of cryptocurrency.

It is crucial to be aware of the dangers of volatility
The market for cryptocurrency is like stock market. https://bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/ Its value can fluctuate . Many people would like to become cryptocurrency-savvy and earn a 100x profit.

It is not possible to determine whether an asset will continue earning money. However, it is important to know when you should buy or sell an asset.

Warren Buffet said, "Be fearful when people are greedy , and be greedy when others are afraid."

Many people in the cryptocurrency market are afraid. Bear markets are the most profitable place to buy cryptocurrency. If the price of the cryptocurrency is declining. If Harry, Dick, or Tom are in panic selling.

If investors are anxious or fearful, they could lose their investments. Create a list of cryptocurrencies that you want to invest in, then watch for the candles to turn red.

An ideal investment time is during the weekend, when the majority of institutional investors have shut their trading.

There is a huge shift happening right now from traditional investment strategies where you need to work with a broker, to modern ones where you can easily purchase crypto from the comfort of your own home.

What Cryptocurrency Should You Purchase?
There are a variety of cryptocurrencies to choose from if you check coinmarketcap.com.

My number one pick was Solana. POLIS followed by AVAX and ATLAS.

It's easier than ever to monitor and track your most loved coin. Tabtrader lets you track every move so that you can determine when you should take a profits or purchase more.

If you have held your cryptocurrency for a while it is possible to either withdraw it to receive airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect the security of your crypto.

Your 12-word word phrase should be stored to ensure that you can restore your valuable asset in the event of your host device goes missing or taken.

Conclusion
All of this information is your bank. You are able to transact at anytime, anyplace around the globe, using all you have.



Website: https://bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/