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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor, realized that cryptocurrencies could be an investment tool. In this article he shares his experiences and tips

Arif Emendi clarifies is the difference between stock and Crypto
An investor like myself needs to know the differences between cryptocurrency, stocks, and other investment options. Stocks and cryptocurrency have some similarities, but they aren't identical.

Cryptocurrency, a type of digital asset which can be used to keep track of transactions and to verify them, uses cryptography as an alternative to an authority central to. However the stocks, which are also referred to as equity, are securities that depict the ownership of a portion of a company.

When the cost of an asset rises both crypto and stocks are bought in the hope of capital appreciation.

Why do people buy Stocks and Other Cryptocurrencies
Stocks are purchased by shareholders to be able to vote on corporate decisions. Additionally, they invest in stocks for dividend payments that the company distributes to their shareholders.

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

While the process may appear like it does, there are a lot of differences. For instance, even though the Securities and Exchange Commission regulates the stock market, you are able to trade crypto anytime of the day from your smart phone or smartphone.

You can also trade using crypto trading pairs or fiats.

Arif Efendi Trading Crypto is different from. Swing Trading
You may be asking yourself why trading in crypto is so profitable, despite its volatile nature.

Large market cap cryptos could have a swing of between 5 and 10%. Arif Efendi The smaller cryptocurrencies, however, can grow 10 times daily.

This is a very scarce item.

Arif Efendi To illustrate, if, for instance, you invested $1000 in Solana's Solana stock on January 1, 2021 for $1.837 Your investment is now valued at $182,000 based on the current trading prices of $182.

If you've got a solid foot, investing in crypto is a great way to earn money. Anyone who is not familiar with the subject may wonder what the source of the money comes from. No central institution regulates cryptocurrency.

Their value is dependent on the cost of production and consumption, demand and supply acceptance, and the availability of utility exchanges and utilities.

Understanding the Supply of Cryptocurrency and Demand
From our textbook on economics, we can recall that if the demand for an asset goes higher than supply, the cost of that asset will go up.

In the event of an earthquake occurring in the area where water is available, the cost of the water will rise if the demand for the water is not. The same economic principle is applicable to cryptocurrency.

We are getting closer to the point of mass adoption, and institutional investors such as MicroStrategy or a nation such as Ecuador are placing huge bets on cryptocurrency. What a great time to be alive!

It's important to recognize the Risks of Volatility
The value of crypto currency fluctuates as does the market for stocks. Many people wish to join crypto and make 100x profits.

While it's not guaranteed that an investment will be profit-making for the rest of its life It is crucial to be aware of when assets should be bought and removed from profit or sold.

Warren Buffet said, "Be scared when you see others being greedy and greedy when other are afraid."

Many people in the cryptocurrency market are afraid. The bear market is the ideal spot to buy cryptocurrency. If the value of the currency drops. If every Tom, Dick and Harry is selling in a panic.

When people are fearful and worried, they may lose their holdings. Have a list of cryptocurrencies you would prefer to invest in and watch for the candles to start appearing.

Another great time to buy is on weekends as the majority of institutional investors have closed their trades for the week.

The traditional way of investing requires a broker. Arif Efendi Today, buying cryptocurrency is possible from the convenience of your living room.

What Cryptocurrency Should You Buy?
Check coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

My top choice was Solana. POLIS, AVAX as well as ATLAS were in close proximity.

It's now simpler to track and monitor your favorite currencies. Tabtrader lets you monitor every swing so that you can decide when to profits or purchase more.

If you've been storing your cryptocurrency for a long time and you're able to use it and receive airdrops. Arif Efendi You can also move your coins to wallets like Trustwallet or Imtoken and set up secure passwords to keep them safe.

It is important to save your 12-word password in order to recover your investment in the event that your host device goes missing or is stolen.

Conclusion
All this information is your bank. You can make transactions at anytime, anyplace in the world, using everything you own.


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