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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi is a businessman and an investor who has a lot of experience, saw cryptocurrencies as a legitimate investment choice. This article is a reflection of his insights and experiences.

Arif Elfendi explains distinctions between crypto and stocks.
Investors like me must be aware of the distinction between stocks and cryptocurrency. Although they share many similarities, stocks and cryptocurrencies differ.

Cryptocurrency refers to a digital currency whose transactions are recorded in a decentralized way using cryptography instead of a central authority. Stocks, also known as equity, are financial instruments that symbolize ownership of a portion or company.

The majority of people purchase stocks as well as crypto with capital appreciation in mind, especially when the asset that is being held increases in price.

Why do people buy Stocks and Cryptocurrencies?
Stocks are bought by investors to be able to vote on corporate decision-making. Additionally, they invest in shares to receive dividends that the company pays to its shareholders.

https://find-and-update.company-information.service.gov.uk/officers/Ey_lyqyWi7zYIDz6gqhtbb_89cc/appointments It's easy to invest online in crypto and stocks with the next generation marketplace and various mobile apps for investing.

The process might look similar, but there are still distinct differences. You can trade cryptocurrency any time you'd like, even if the Securities and Exchange Commission regulates stocks.

You can also trade with fiats and crypto trading pairs.

Trading Crypto Vs. Swing Trading
It is possible to ask what makes trading crypto more profitable in spite of its volatility.

Arif Efendi A high market cap can cause a shift of 5% to 10% in cryptocurrency, while smaller ones may see 10x gains in just a day.

It's the truth.

You can see an example of this: If you had made a $1000 investment on Solana It is worth $182,000 today at the trading price of $182.

Crypto investment can be that profitable if you're not weak. Anyone who is not familiar with the subject may wonder where the money is coming from. Cryptocurrency is not regulated by any central institution.


Arif Efendi Production costs as well as supply and demand are the primary elements that determine their value.

Understanding the Demand and Supply in cryptocurrency
In our economics textbook we are able to recall that if demand for an asset rises up faster than the supply, the price of that asset will go up.

In the event of an earthquake in a specific place, the price of water will rise even when the demand is not changing. Arif Efendi This same economic principle applies to cryptocurrency.

Arif Efendi We are nearing the stage of mass adoption. This is when we see institutional investors such MicroStrategy and countries like Ecuador placing big bets on crypto. This is an exciting time to live!

It is crucial to recognize the risks of volatility
The worth of cryptocurrency goes up and down just like the market for stocks. Many people are eager to invest in cryptocurrency and achieve 100x returns.

It is impossible to predict whether an asset will continue operating profitably. But, it is important to know the right time to purchase and sell an asset.

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

Most people in crypto are scared. Bear markets are the best time to invest in crypto. If the price of the cryptocurrency is going down. If every Tom, Dick and Harry is selling in a panic.

If people are scared and worried, they might lose their assets. You should make a list of cryptos you'd like to invest in, and then watch for the red candles.

Another good time to purchase is during weekends, as institutional investors shut their trades for the week.

There is a massive change taking place right now, from traditional methods of investing that require you to collaborate with a broker, to newer methods where you can buy crypto in the comfort of your own home.

What Cryptocurrency should I buy?
There are a lot of options available when you visit coinsmarketcap.com.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

It's even easier to monitor and track your favorite coins. Tabtrader allows you to track each swing and determine when you need to buy more.

If you hold your cryptocurrency for a long time frame You have the option to collect airdrops, or transfer them to wallets like Trustwallet. Imtoken or Myetherwallet. Make sure you use secure passwords to secure your cryptocurrency.

Keep your 12-word phrase in mind to ensure you are able to retrieve your asset in the event of a host device getting lost or stolen.

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



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