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Arif Efendi shares his insight on crypto investments together with businessman Arif Efendi

Arif Efendi, a successful businessman and investor, realized that cryptocurrency could be a legitimate investment tool. In this article , he shares his experience and knowledge

Arif Efendi Explains the difference between Crypto vs. Stocks
If you're an investor it's crucial to comprehend the differences between stock and cryptocurrency. Stocks and cryptocurrencies share many similarities, but they aren't identical.


Cryptocurrency refers to a digital currency which is backed through a decentralized system employing cryptography rather than a central authority. Stocks, also referred to as equity or securities, represent ownership of a specific portion of a firm.

With the idea of capital appreciation in mind when buying crypto or stocks, especially when prices rise individuals tend to purchase both.

Why people buy shares and cryptocurrencies
In the case of stocks, investors purchase shares to influence the company's decisions. Additionally, they invest in order to earn dividends which the company distributes to its shareholders.

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

In contrast, the procedure may appear similar however, there are distinct distinctions. For example, while the Securities and Exchange Commission regulates the trading of stocks, you can also trade crypto at any time of the day directly through your mobile or smart device.

Trade in crypto using fiats or other crypto trading pairs.

Trading Crypto is different from. Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable in spite of its volatile nature.

The largest market cap cryptocurrency can have a swing of between 5% to 10 percent. The smaller cryptocurrency, however, may increase 10 times per day.

This is the truth.

Arif Efendi Arif Efendi As an example for an example, if $1000 was invested in Solana on January 1, 2021, for $1.837 the investment would be worth $182,000 at the time of writing. It is now $182.

The investment in crypto can be profitable if you're not weak. The money may come from a person who is not your own. There isn't a central authority that regulates cryptocurrency.

Therefore, their value stems from the costs of production, supply demand, adoption and availability on exchanges and utility.

Understanding Cryptocurrency Supply and Demand
From our textbook on economics, we know that if the demand for an asset rises up faster than the supply, the price of the asset will increase.

In the event of an earthquake in a specific area, the price of water will increase even when the demand is not changing. Arif Efendi The same economic concept is applicable to cryptocurrency.

We are now in the mass adoption phase, and we're seeing institutions investors such as MicroStrategy and countries like Ecuador betting hugely on cryptocurrency. It's a wonderful time to live in.

It is important to understand the risks associated with volatility
Like the stock exchange, cryptocurrency's value changes. Many are keen to invest in crypto and achieve 100x returns.

Although it's not certain that an asset will remain profitable forever, it is important to know when an asset should be bought and traded or sold to make profit.

According to Warren Buffet, "Be fearful when you see greedy people around you and be greedy when others are fearful."

Cryptocurrency enthusiasts are often afraid. The best time to invest in cryptocurrency is in the bear market. When the asset is going down. Panic-selling happens when every Harry, Dick, and Tom is falling.

If investors feel nervous or fearful, they could lose their investments. Make a list of the cryptocurrencies you want to invest in and then wait for candles to light red.

Arif Efendi A great time to invest is during the weekend, as most institutional investors have closed their trades.

The traditional way of investing requires the services of a broker. The modern way of buying crypto is accessible from the comfort in your living room.

What Cryptocurrency Should You Buy?
There are a myriad of different cryptocurrencies when you visit coinmarketcap.com.

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

Arif Efendi It's also easier to track and monitor your favorite coins. Tabtrader makes it simple to keep track of each move and also when it is time to purchase more.

If you've held your cryptocurrency for a while, you can either take it to receive airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect the security of your crypto.

Also, it is important to keep your 12-word phrase in a safe place to refer to in the event that your host device becomes lost or stolen.

Conclusion
With all this details, you're your bank, and are able to transact anytime and wherever you are in the world.



Read More: https://www.mozbot.co.uk/2022/05/19/arif-efendi-explains-why-crypto-investments-are-leading-the-market/