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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi an investor and businessman who has a lot of experience, saw cryptocurrencies as a legitimate investment opportunity. In this article , he shares his lessons and insights

Arif Efendi explains how Crypto is distinct from stocks.
If you're an investor, it is important to understand the distinctions between stocks and cryptocurrency. Although they share a few similarities, cryptocurrencies are not identical to stocks.

Cryptocurrency, a digital asset that can be used to keep track of transactions and to verify them employs cryptography as an alternative to the central authority. Stocks, also known equity, are securities that represent ownership of a certain percentage of a corporation.

With the thought of capital appreciation in mind when purchasing crypto or stocks, especially when the price of the asset rises individuals tend to purchase them both.

Why people buy shares and cryptocurrencies
Stocks can be purchased to influence or vote on company decisions. Investors also purchase stocks to receive dividends that the company pays to shareholders.

It's quite simple to invest in digital crypto and stocks today with the next-generation marketplace and various mobile apps for investing.

The process may look the same however, there are certain distinctions. It is possible to trade cryptocurrency at any time you'd like, even though the Securities and Exchange Commission regulates the stock market.

Trade in crypto using fiats or other trading pairs for crypto.


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

A large market cap can lead to a swing of 5% to 10% on crypto, while smaller cryptocurrencies can see gains of 10x within a single day.

The truth is that this is a rare item in the market.

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

If you're not a weak person, crypto investment can be very profitable. A noob may ask what the source of the money comes from. It's impossible to regulate cryptocurrency through an authoritative central authority.

https://find-and-update.company-information.service.gov.uk/officers/Ey_lyqyWi7zYIDz6gqhtbb_89cc/appointments Thus, their value comes in the form of production and supply as well as the demand and acceptance.

Arif Efendi Understanding the Demand and Supply in Cryptocurrency
According to textbooks on economics, if the demand is greater than the supply, then the value of the asset will increase.

In the case of an earthquake, for instance when there is an earthquake in a location that is prone to earthquakes, the cost of water will increase if the demand for water is not changing. https://thehollynews.com/arif-efendi-answers-all-your-cryptocurrency-questions/ The same principle of economics is applicable to cryptocurrencies.

We are currently in the phase of mass adoption. Institutional investors like MicroStrategy are investing heavily in cryptocurrencies. Arif Efendi This is an exciting time to be alive!

Recognize the Risks of Volatility
The market for cryptocurrency is similar to stock market. Its value can fluctuate . Many want to join crypto and earn 100x profit.

Although it is highly unlikely that an asset would continue to be profitable however, there are instances when it's worthwhile to invest in an asset, and then sell it or make a profit.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Be greedy if others are scared."

http://Businessman Arif Efendi Shares Insights on Crypto Investment – Reporter Byte Many people who are in cryptocurrency are scared. The ideal time to purchase cryptocurrency is during the bear market. When the value of the currency is declining. When Harry, Dick, or Tom are selling in a panic.

https://techbullion.com/arif-efendi-discusses-how-to-get-started-with-cryptocurrency-in-2022 Arif Efendi The people who are anxious and fearful could lose their money. Be aware of which cryptocurrency appeal to you the most and then wait for the red candle to start to burn.

A weekend is a great time to buy, as most institutional investors will close their positions for the week.

Today, there's significant change in the way we make investments. Instead of having to rely on a broker, you can now purchase crypto right from your bed.

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

My favorite has been Solana. It was followed by VAX, POLIS, and ATLAS.

It's also easier to keep track of your most loved coins and keep an an eye on them. Tabtrader lets you track every move and decide whether to invest more gain.

If you've been holding your cryptocurrency for a period of time, you can either take the cryptocurrency and get airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure the security of your crypto.

Your 12-word word phrase should be stored to ensure that you can restore your investment in the unlikely event that your host device is lost or stolen.

Conclusion
With this details, you're your own bank and are able to transact anytime and from any location in the world.



Read More: https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/