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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful businessman and investor realized that cryptocurrency could be an investment tool. In this article the author shares his experience and insights.

Arif Efendi Explains the difference between Crypto vs. Arif Efendi Stocks
Knowing the difference between stock and cryptocurrency is essential if you're an investor just like me. Arif Efendi Although they share many similarities, stocks and cryptocurrency are distinct.

A cryptocurrency is a type of digital currency or asset which can be verified and recorded through a decentralized system using cryptography . It replaces the central authority. http://mkdvostok.ru/user/Arif.Efendiotav731/ Stocks, also known as equity or securities, represent ownership of a certain part of a firm.

Cryptocurrencies and stocks are purchased with the intention of capital appreciation, particularly when an asset is increasing in price.

Why people Buy Cryptocurrencies and Stocks
Stocks are bought to vote or influence company decisions. Additionally, they invest in order to earn dividends that the company distributes to its shareholders.

It's simple to invest in stocks and crypto online right now with the latest market technology and apps for mobile investments.

Arif Efendi In contrast, the process may look the same however, there are distinct differences. For example, although the Securities and Exchange Commission regulates the stock market, you are able to trade cryptocurrency at any time of the day from your smartphone or smart phone.

You are also able to trade crypto with other trading pairs of crypto or fiats.

Trading Crypto vs. Swing Trading
You might wonder what makes trading crypto more profitable, despite the its volatility.

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

It's true that this is extremely rare in stock.

For example, if you were to have invested $1000 in Solana on January 1, 2021, at $1.837 your investment would be valued at $182,000 today at the current trading price of $182.

It can be very rewarding investing in crypto if you don't have weak hands. A noob may ask what the source of the money comes from. It's impossible to regulate cryptocurrency via an agency central to.

They therefore are worth the price in terms of supply, demand , and production.

Understanding the Supply & Demand in Cryptocurrency
From our economics textbook, we are able to recall that if demand for an asset goes up faster than the supply, the cost of the asset will rise.

If there's an earthquake in a place that is affected by water, the price of water will rise if the demand for it isn't. This same principle of economics also applies to cryptocurrency.

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

It's important to understand the risks of volatility
Just like the stock exchange, cryptocurrency's value changes. Many people want to join crypto and earn 100x profit.

Although it is highly unlikely that an asset would continue to be profitable, there are certain times when it is worth the effort to buy an asset and then either sell it or profits.

Warren Buffet stated, "Be be cautious when other people are greedy, and you should be greedy when you see others being afraid."

The majority of people who invest in cryptocurrency are scared. Bear markets are the best time to invest in crypto. Arif Efendi Arif Efendi The asset is down. Every Tom, Dick and Harry is panic-selling.

The most anxious people could lose their investment if they're nervous and worried. You should make a list of the cryptocurrencies you want to invest in and then wait for candles to light red.

A weekend is an excellent opportunity to purchase, since most institutional investors will have closed their positions for the week.

There is a major shift taking place in the present from traditional methods of investing that require you to collaborate with a broker. Arif Efendi These are modern ones where you can easily buy crypto from the privacy of your home.

What Cryptocurrency Should You Buy?
Check coinmarketcap.com to see the list of cryptocurrency that you can select from.

My first choice was Solana. POLIS followed by AVAX and ATLAS.

It's even easier to keep track of your most-loved currencies. Arif Efendi With an application like Tabtrader You can monitor each swing and know when to buy more or to take profit.

If you hold your crypto for a lengthy time frame, you have the option to either collect airdrops or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Use secure passwords to secure the security of your crypto.

Your 12-word phrase should also be kept to ensure that you can restore your asset in the unlikely event the host device you are using is lost or stolen.

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


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