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Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi who is a successful investor, businessman and entrepreneur, realized that cryptocurrencies had become a legitimate investment asset. He shares his insights and experiences in this piece.

Arif Elfendi explains the distinctions between crypto and stocks.
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor like me. The two have a lot of similarities, but they aren't identical.

A cryptocurrency is a form of digital currency , or an asset whose transactions can be recorded and verified by an independent system through cryptography . It replaces a centralized authority. Stocks (also called equity) are securities that prove ownership of a certain portion of a business.

If the value of an asset is rising both crypto and stocks are purchased with the goal of capital appreciation.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ Why Do People Buy stocks and other cryptocurrencies?
Individuals buy stocks to vote in the company's decision-making. Additionally, they invest in shares to receive dividends that the company pays to its shareholders.

It's very easy to invest now in shares and crypto using the new-generation market.

However, the process might look similar however, there are some notable distinctions. The Securities and Exchange Commission regulates the trading of stocks. However, trading in crypto can be conducted on any smartphone or smart device at any time.

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

Trading Crypto vs. Swing Trading
It is possible to wonder why it is more profitable trading in crypto, despite its fluctuation.


Large market cap cryptos may vary between 5% to 10%. Arif Efendi The smaller cryptocurrencies, however, can grow 10 times per day.

It's not commonplace in the stock.

Arif Efendi For instance, if $1000 had been put into Solana 1st January 2021, for $1.837 The investment would have been valued at $182,000 today at $182.

If you have a strong foot, investing in crypto can be very rewarding. A novice may wonder where the money came from. The cryptocurrency market is not governed by any central institution.

Thus, their value comes from the price of production, supply demand, adoption and the availability on exchanges and utilities.

Understanding the Supply of Cryptocurrency and Demand
Our economics textbook shows us that if the the demand for an asset increases more quickly than supply, the price of the asset will go up.

Arif Efendi For instance, a natural disaster can cause prices for water to rise in certain regions. The same economic principle applies to cryptocurrency as well.

We are in the phase of mass adoption and companies such as MicroStrategy and MicroStrategy, as well as Ecuadorean investors are betting big on cryptocurrency. It's an exciting moment to be alive.

It's crucial to be aware of the risks of volatility
Cryptocurrency's value fluctuates just like the stock market. A lot of people want to join the crypto market and reap 100x profit.

There is no guarantee that the profitability of an asset will never decrease, but it is crucial to be able to identify when to sell an asset or make profits.

According to Warren Buffet, "Be fearful when others are greedy and be greedy when others are fearful."

Arif Efendi Most people in the crypto market are afraid. https://priceofbusiness.com/businessman-arif-efendi-on-crypto-investment/ A bear market is the best moment to buy cryptocurrency. If the price of the cryptocurrency is going down. When Harry, Dick, or Tom are panic-selling.

If investors are anxious or scared, they might lose their holdings. Make a list of the cryptocurrencies you would like to invest in , and look for the red candles to show up.

Another good time to purchase is during weekends, as the majority of institutional investors have closed their trades for the week.

Right now, we are seeing a massive shift from traditional methods of investing, which requires you to need a broker, to a more modern method, which allows you to buy crypto from the comfort of your room.

What Cryptocurrency Should You Purchase?
There are a lot of options available when you visit coinsmarketcap.com.

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

It's simpler than ever to keep track of and monitor your preferred coin. Tabtrader is an app that allows you to check every swing and see when it's time for you to earn or invest in more.

If you are holding your cryptocurrency for a long 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 make sure you use secure passwords to protect your coins.

Keep your 12-word phrase handy in case you need to locate your asset in the scenario of the host device getting lost or stolen.

Conclusion
All this information makes you your own bank and permit you to make transactions anywhere and whenever you'd like.



Read More: https://techbullion.com/arif-efendi-discusses-how-to-get-started-with-cryptocurrency-in-2022