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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, an experienced businessman, and investor, realized that cryptocurrencies had become a legitimate investment asset. This article shares his experience and knowledge.

Arif Elfendi explains distinctions between crypto and stocks.
Investors such as myself need to know the difference between stock and cryptocurrency. Stocks and cryptocurrencies share some similarities, but they're not one in the same.

Cryptocurrency is a digital asset which can be used to store and verify transactions employs cryptography as an alternative to a central authority. Equity, also referred to as stock are securities that signify the ownership of a part of a company.

Arif Efendi Stocks and crypto with capital appreciation in mind in particular when the currency that is being held increases in price.

https://www.slideshare.net/praja1/presentations Why Do People Buy Cryptocurrencies and Stocks?
Stocks are bought to vote or influence the decisions of the company. They can also invest in stocks to receive dividends.

It's easy to invest digitally in crypto and stocks through the new technology marketplace as well as a myriad of investment apps that are mobile-friendly.

Although the process might look similar, there are many distinctions. The Securities and Exchange Commission regulates the trading of stocks. However, trading in crypto can be conducted on any smart device or phone anytime.

You can also trade cryptocurrency using other crypto trading pairs and fiats.

Trading Crypto vs. Swing Trading
Now, you may be wondering why trading cryptocurrency is more profitable, despite its high volatility.

Cryptos with huge market cap could fluctuate between 5% and 10 percent, while smaller ones can go up to 10x in a single day.

It's not commonplace in stock.

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

If you've got a solid grasp of crypto, it can be very rewarding. For those who are new, it is possible to be unclear what the source of the cash was. It's impossible to regulate cryptocurrency via a central agency.

The price of production is affected by demand and supply. The availability and adoption on the exchanges and utility are equally important.

Understanding Demand and Supply in Cryptocurrency
According to economics textbook according to the textbook, if demand is higher than the supply, the asset's value will increase.

For instance, water prices are likely to rise in the event of an earthquake. This economic principle also applies to cryptocurrency.

We are in the phase of mass adoption, and we are seeing institutional investors like MicroStrategy as well as a country such as Ecuador betting hugely on cryptocurrency. This is a fantastic time to be alive!

It is important to understand the risks associated with volatility
The cost of crypto fluctuates exactly the same way as the market for stocks. Many want to be part of crypto and earn a 100x profit.

Although there's no way to be certain that an investment will remain profitable It is important to be aware of when and where to invest.

Warren Buffet once said, "Be be wary of other people who are greedy, and be greedy for others who are afraid."

The majority of people who work in the crypto space are fearful. Bear markets are the most profitable place to buy cryptocurrency. When the value of the currency is declining. When Harry, Dick, or Tom are panic-selling.

People who are worried and fearful could lose their money. Arif Efendi Make a list of cryptocurrency that you would like to invest and just wait for the flames of red to light up.

A weekend is a great time to invest in a new car, as the majority of institutional investors will be closing their trades for that week.

Today, there is a major shift in how we invest. Instead of needing an intermediary, you can buy crypto from your bed.

What Cryptocurrency Do I Need to Buy?
You can choose from many cryptocurrencies if you visit coinmarketcap.com.

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

It's also easier to monitor and track your favorite coins. Tabtrader allows you to monitor each swing so that you can decide when to invest more , or when you should take a profit.

Arif Efendi If you have held your cryptocurrency for an extended time, you may be able to take it and collect airdrops or transfer the coins into wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to protect the coins.

It is essential to keep your 12-word phrase, to be able to recover your asset in case it is stolen or lost.

https://books.google.com/books?id=xri9e8h7zIUC&pg=PA134&lpg=PA134&dq=arif+efendi&source=bl&ots=qjCOM5q9gQ&sig=ACfU3U3DpRCI1_eRQ2yEi-fLozZwn2_Wtg&sa=X&ved=2ahUKEwj5gObM_ML3AhW3jIkEHSGACxg4FBDoAXoECAIQAw Conclusion
With this information, you could be your own bank.

Perhaps you'll even be in a position make a donation to your preferred charity.

You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo


Read More: https://www.youtube.com/watch?v=dnAWM0BIt3A