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Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi is a businessman and an investor with a wealth of experience, recognized cryptocurrency as an investment option. In this article he shares his lessons and insights

Arifefendi explains why Crypto is different from stocks
It is crucial to be able to distinguish between cryptocurrency and stock if you are like me, an investor. Both stocks and cryptocurrency have many similarities, but they aren't the same.

A cryptocurrency is a form of digital currency or asset whose transactions can be verified and recorded through an independent system by means of cryptography . It replaces an authority that is centralized. Equity, also referred to as equity, are financial instruments that symbolize ownership of a portion or company.

If the value of an asset increases the crypto and stocks are bought with the intention of capital appreciation.

Why do people buy shares and cryptocurrencies
In the case of stocks, investors purchase shares to influence company decisions. Investors also buy shares to earn dividends, which the company makes to shareholders.

It's very easy to invest digitally in stocks using the next-generation platform, as well as other investment apps.

Although the procedure may appear the same however, there are some distinct differences. You can trade cryptocurrency anytime you want, even though the Securities and Exchange Commission regulates stocks.

You are also able to trade crypto using fiats, crypto trading pairs, or crypto.

Trading Crypto vs. Swing Trading
Now you may wonder why it's more profitable to trade crypto regardless of the volatility.

With a huge market capitalization that is a good indicator of an increase of 5% to 10% in crypto. However, smaller cryptocurrency can reach 10x or more every day.

It's the truth.

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

It's not necessary to be a weak investor in crypto investing. Arif Efendi A noob may ask what the source of the money comes from. There is no central authority that oversees cryptocurrency.

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

http://elita-hotel.ru/user/Arif-Efendirrln837/ Understanding Cryptocurrency Supply and Demand
From our economics textbook, we can recall that if the demand for an asset goes higher than supply, the cost of that asset will increase.

If there is an earthquake, as in, water prices will rise when demand is low. The same economic concept applies to cryptocurrencies.

We are currently in the phase of mass adoption. Institutional investors such as MicroStrategy are investing heavily in cryptocurrency. https://autosalgerie.com/author/arif-efendijosw120/ This is an exciting time to live in.

It's important to understand the dangers of volatility
The value of crypto goes up and down similar to the market for stocks. Many investors want to earn 100x profit by investing in crypto.

While there isn't any absolute guarantee that an investment will be profitable for a long time, it is always important to know when to buy an asset and sell or profit.

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

People in the crypto space tend to be scared. Arif Efendi Bear markets are among the best times to make investments in crypto. The price of cryptocurrency is dropping. If Harry, Dick and Tom panic-sell.

If people feel anxious or scared, they may lose their assets. You should make a list of cryptocurrency you would like to invest and wait for candles to light red.

Another time to buy is during weekends, as institutional investors end their trading for the week.

Today, there is significant change in the way we make investments. Arif Efendi Instead of needing a broker, you can buy crypto from your bed.

Which Cryptocurrency Do I Need to Purchase?
If you visit Coinmarketcap.com, there are numerous cryptocurrencies on offer.

My favorite is Solana. This was followed by VAX, POLIS, and ATLAS.

It's also easier to monitor and track your preferred coins. Tabtrader makes it easy to monitor each movement, and when you should buy more.

Arif Efendi If you've been holding your cryptocurrency for a lengthy period of time, you could keep it and use it to get airdrops, or transfer the coins into wallets like Trustwallet, Imtoken or Myetherwallet and then use secure passwords to protect them.

It is important to keep your 12-word phrase to be able to restore your asset in case the host device is lost or stolen.

Conclusion
All of these details make you your bank. You are able to transact at anytime, anyplace in the world, using everything you own.


My Website: https://www.metooo.io/u/6302d1dfb6dc11115ba51355