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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi who is a successful businessman, and investor was aware that cryptocurrency were now a legal investment option. Here are his insights and lessons.

Arif Emendi explains what the differences are between shares and Crypto
If you're an investor, it's crucial to comprehend the differences between stock and cryptocurrency. While they have many similarities, stock and cryptocurrency are distinct.

Arif Efendi Cryptocurrency is the term used to describe the concept of a digital currency whose transactions are recorded in a decentralized way using cryptography instead of a central authority. Stocks, also known as securities or equity, signify ownership of a certain part of a business.

When the price of an asset increases, both stocks and crypto are bought with the intention of capital appreciation.

Why do people purchase stocks and cryptocurrencies
Stocks are also able to be bought to influence decisions of the company and votes. Additionally, they invest in order to earn dividends that the company distributes to its shareholders.

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

Although the process looks similar but there are some important distinctions. You can trade cryptocurrency anytime you'd like, even though the Securities and Exchange Commission regulates stocks.

Trade in crypto using fiats or other trading pairs of crypto.

Trading Crypto Vs. Swing Trading
It is possible to ask why trading crypto is more profitable despite fluctuations.

Market caps for crypto with large size can fluctuate from 5% to 10 percent, while smaller cryptos can reach 10x in one day.

This is extremely rare in stock.

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

It's not necessary to be a weak investor to invest in crypto. Arif Efendi Uninitiated investors may be curious about where the money comes from. There is no central authority that regulates cryptocurrency.

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

Understanding Demand and Supply in Cryptocurrency
We know from the textbooks on economics that if there's greater demand than supply of an asset, the price of it will increase.


If there's an earthquake at an area, the water price will rise if the demand for the water is not. The same economic principle is applicable to cryptocurrency.

We are in the phase of mass adoption, and we're seeing institutions investors like MicroStrategy and countries like Ecuador betting hugely on cryptocurrency. It's a thrilling moment in the world of cryptocurrency.

It is important to be aware of the risk of volatility
The cryptocurrency market is like market for stocks. Its value can fluctuate . https://kemenag.go.id/author/11/m-arif-efendi Many want to be part of the crypto market and earn a 100x profit.

There is no guarantee that the profitability of an asset will remain constant, but it is crucial to know the right time to sell an asset or earn profits.

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

A lot of people working in the crypto space are worried. A bear market is the most favorable moment to buy crypto. If the asset is falling. Panic-selling happens when every Harry, Dick, and Tom is falling.

People who are anxious and worried could end up losing their money. Make a list of the cryptocurrencies you want to invest and wait for the red candles to show up.

Arif Efendi A great investment time is during the weekend, when most institutional investors have closed their positions.

In the present, we are witnessing a major shift away from the old ways of investing, in which you require a broker to a modern way, that allows you to purchase crypto from the comfort of your room.

What Cryptocurrency Should I Buy?
Check coinmarketcap.com to see the list of cryptocurrency you can choose from.

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

It's even easier to track your favourite coins and keep an the eye on them. Tabtrader allows you to monitor each move so that you can decide when to profit or buy more.

If you've been storing your cryptocurrency for a long time it's possible to take it and get airdrops. You can also transfer them to wallets such Trustwallet or Imtoken and create secure passwords to keep them safe.

Also, keep your 12 words handy in case you need to locate your assets in the event of a host device getting lost or stolen.

Conclusion
All these details make you your bank. You can transact anytime, anywhere in the world, using all you have.

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