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Arif Efendi shares his insight on Crypto Investments with businessman Arif Efendi

Arif Efendi was an investor and businessman who saw that cryptocurrencies were an investment option that was viable. In this article Efendi shares his experiences and thoughts.

Arif Emendi clarifies the difference is between stocks and Crypto
Understanding the difference between stocks and cryptocurrency is crucial if you are an investor like me. Although they share a few similarities, cryptocurrencies are not the exact same as stocks.

Cryptocurrency is a digital asset or currency that is recorded and verified through a decentralized system via cryptography instead of a central authority. https://www.openstreetmap.org/edit Stocks, also known as equity or securities, represent ownership of a specific portion of a business.

People buy both stocks and crypto with an eye on capital appreciation particularly when the asset is valued increases in value.

Why people buy Stocks and Cryptocurrencies
Stocks can be bought to vote or influence the company's decisions. Investors can also buy stocks to collect dividends from companies.

It's very easy today to invest in shares and crypto through the latest-generation marketplace.

Although the procedure may appear identical however, there are some important distinctions. Arif Efendi Arif Efendi For example, although the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any time of the day using your smart phone or smartphone.

You can also trade using crypto trading pairs or fiats.

Trading Crypto Vs. Swing Trading
It is possible to ask why it's better to invest in trading crypto despite the volatility.

A high market cap can lead to a swing between 5% and 10% for cryptocurrency, while smaller ones can see gains of 10x in a single day.

This is a rare stock.

Arif Efendi As an example for an example, if $1000 was put into Solana on January 1, 2021, at $1.837, the investment would be worth $182,000 now at $182.

It's not necessary to be a poor investor in investing in crypto. An uninitiated person might wonder what the source of the money comes from. It's impossible to regulate cryptocurrency through an agency central to.

Production costs supply, demand, and cost are the main factors that determine their value.

Understanding the Supply and Demand of Cryptocurrency
In our economics textbook we can recall that if the demand for an asset goes up faster than the supply, the price of that asset will increase.

For example, if there is an earthquake in a location, the price of water will rise if demand for water is not changing. The same economic principle is applicable to crypto.

Arif Efendi We are in the middle of the phase of mass adoption. This is where we find institutional investors like MicroStrategy as well as nations such as Ecuador making big bets on crypto. It's a thrilling moment to be alive.

It is crucial to recognize the risks of volatility
Just like the stock market The value of cryptocurrency changes. Many people want to be cryptocurrency-savvy and earn a 100x profit.

Although it is highly unlikely that the asset will earn a profit There are instances when it's worth the effort to buy an asset, and then sell it or make a profits.

https://www.fcc.gov/fcc-bin/bye?https://www.imdb.com/title/tt0254001/characters/nm0022342 Warren Buffet says, "Be fearful if others become greedy. Be greedy when other people are afraid."

Arif Efendi A majority of those working in the cryptocurrency market are scared. Bear markets are the most profitable place to buy cryptocurrency. If the price of the cryptocurrency is declining. Arif Efendi If Harry, Dick and Tom panic-sell.

When people are fearful and worried, they may lose their assets. Create a list to identify cryptocurrency you would like to invest and wait for red candles to appear.

Another good time to purchase is during the weekend when most institutional investors are closing their trades for the week.

The traditional method of investing requires the services of a broker. The modern way of buying crypto is possible from the convenience of your home.

Arif Efendi What Cryptocurrency Should I Purchase?
Check coinmarketcap.com to see the various cryptocurrencies you can choose from.

My most-loved pick always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.

It's simpler than ever to keep track of and monitor your most loved cryptocurrency. Tabtrader allows you to monitor each swing and determine whether to invest more earn more.

If you hold your cryptocurrency for a prolonged time frame then you can choose to collect airdrops, or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to safeguard the security of your crypto.

Also, keep your 12-word phrase handy so that you can retrieve your asset in the event of a host device getting lost or stolen.

Conclusion
With all of this information, you are your bank, and you can transact at any time and wherever you are in the world.


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