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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is a businessman and an investor with a wealth of experience, recognized cryptocurrencies as a legitimate investment option. In this article Efendi shares his experiences and experiences.

Arif Efendi discusses why Crypto is different from stocks
Knowing the difference between cryptocurrency and stock is vital if you're an investor just like me. While there are some similarities between cryptocurrency and stocks but they're quite different.

Cryptocurrency is an electronic currency whose transactions are recorded through a decentralized system that uses cryptography rather than an authority central to. On the other hand stock, also known as equity are securities that represent ownership of a part of a firm.

If the value of an asset is rising both crypto and stocks are bought in the hope of capital appreciation.

What makes people purchase cryptocurrency and stocks?
Stocks can be purchased for voting or to influence the company's decision-making. They may also invest in stocks to collect dividends from companies.

It is very simple to digitally invest in stocks with the latest generation platform as well as other mobile investment apps.

The process may look the same, but there are still distinct variations. The Securities and Exchange Commission regulates stocks. However, crypto trading can be done from any smart device or phone anytime.

Arif Efendi Trade crypto with fiats or other trading pairs of crypto.

Trading Crypto is different from. Swing Trading
You may be asking yourself why trading in crypto is so profitable despite its volatility.

Crypto with large market caps could fluctuate between 5% and 10 percent, while smaller cryptos can go up to 10x in a single day.

Arif Efendi This is a rare stock.

If you had invested $1000 in Solana at $1.837 1st January 2021 the stake would have been worth $182,000 at today's trading price of $182.

https://seotot.edu.vn/personal-details If you've got a solid grasp of crypto, it can yield a lot of rewards. A novice may wonder where the money originated. The cryptocurrency market is not regulated by a central entity.

Arif Efendi Their value is therefore determined by the costs of production, supply and demand, the rate of adoption, as well as the availability of utility exchanges and utilities.

Understanding the Supply & Demand in Cryptocurrency
The textbook in our economics class shows us that if the demand for an asset increases more quickly than supply, the price of the asset will increase.

Arif Efendi If there's an earthquake at a place, the water price will increase if there is a demand for it is not. The same economic principle applies to cryptocurrency.

We are nearing the phase of mass adoption. We witness institutional investors like MicroStrategy and countries like Ecuador placing big bets on cryptocurrencies. This is a great time to live!

It's crucial to know the dangers of volatility
Like the stock exchange, cryptocurrency's value changes. Many want to be part of crypto and earn 100x profit.

While there isn't any absolute guarantee that an asset will be profitable for a long time however, it is essential to know when to buy an asset and sell or make profits.

Warren Buffet once said, "Be afraid of being greedy, and be greedy if you are afraid of others."

A lot of people working in the crypto space are concerned. The best time to buy cryptocurrency is in the bear market. When the asset goes down. Panic-selling happens when every Harry, Dick, and Tom is going down.

If investors are anxious or scared, they may lose their investments. Be aware of which cryptocurrency are most appealing to you and then wait for the candle in red to go out.

An ideal time to invest is during the weekend, when the majority of institutional investors have shut their trades.

There is significant change in the way we make investments. Instead of having to rely on a broker, you can now purchase crypto right from your bedroom.

Which Cryptocurrency Should I Buy?
Arif Efendi Go to coinmarketcap.com to see the various cryptocurrencies that you can select from.

My favorite always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.

Arif Efendi It's even easier to track your favourite coins and keep an an eye on them. Tabtrader is an application which lets you track every move and determine when it's time to profit or invest in more.

If you've been holding your cryptocurrency for a period of time, you can either take the cryptocurrency and get airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect their users.

Also, it is important to keep your 12-word phrase in a safe place for future reference in case your host device becomes stolen or lost.

Conclusion
You are your bank with all this information. Make transactions wherever you are anywhere in the world anytime.


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