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

Arif Efendi is a businessman and an investor with a wealth of experience, recognized cryptocurrency as an investment opportunity. Here are his observations and lessons.

Arif Emendi clarifies the difference is between stocks and Crypto
Knowing the difference between stocks and cryptocurrency is essential if you're an investor just like me. https://newshunt360.com/arif-efendi-says-cryptocurrency-is-the-new-stock-exchange/ Although they share many similarities, stocks and cryptocurrencies are different.

A cryptocurrency is a type of digital currency , or an asset whose transactions can be recorded and verified by a decentralized system through cryptography . It replaces a centralized authority. Stocks, also called equity are securities that are the ownership of a part of a company.

Arif Efendi Capital appreciation is the primary reason why people buy cryptocurrency and stocks. This is especially true when the asset is rising in value.

Why do people buy shares and cryptocurrencies
Stocks are purchased by shareholders to vote for company decision-making. Stockholders are also able to invest in stocks in order to receive dividends from the company.

It's simple to invest in stocks and crypto today using the market of the future and other mobile apps for investing.

While the process may appear similar, there are many variations. You can trade cryptocurrency anytime you want, even though the Securities and Exchange Commission regulates stocks.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ You are also able to trade crypto using crypto trading pairs, fiats, or crypto.

Trading Crypto vs. Swing Trading
It is possible to wonder why it's more profitable trading cryptocurrency, despite the high volatility.

Cryptos with huge market cap could fluctuate between 5% and 10 percent, while smaller ones could reach 10x within a day.

It's the truth.

For example, if, for instance, you made $1000 in Solana's Solana stock on January 1, 2021 for $1.837, your investment would now be valued at $182,000 based on the current price of trading at $182.

If you have a strong hand, crypto investment can yield a lot of rewards. The money can come from a person who is not your own. There is no central authority that regulates cryptocurrency.

The cost of production, supply, and demand are the primary variables that determine their worth.

Understanding the Supply & Demand in cryptocurrency
The textbook in our economics class teaches us that if demand for an asset increases more rapidly than supply, the asset's price will also rise.

In the event of an earthquake for instance, water prices will rise in the event of a shortage. Arif Efendi The same economic principle is applicable to cryptocurrencies.

We are getting closer to the point of mass adoption, and investors from institutions like MicroStrategy or even a country such as Ecuador are betting big on cryptocurrency. This is a fantastic moment to be alive!

It is crucial to be aware of the dangers of volatility
The market for cryptocurrency is like market for stocks. Its value can fluctuate . A lot of people want to get into crypto and make 100x profits.


Arif Efendi While it is unlikely that an investment will continue to be profitable, there are certain instances when it's worthwhile to invest in an asset, and then sell it or make a profit.

Warren Buffet says, "Be fearful if others become greedy. Don't be greedy if other people are afraid."

https://techbullion.com/arif-efendi-discusses-how-to-get-started-with-cryptocurrency-in-2022 The majority of people who invest in cryptocurrency are worried. Bear markets are the most favorable time to make investments in crypto. If the price of the cryptocurrency is falling. Panic-selling happens when every Harry, Dick, and Tom is falling.

People who are worried and scared could lose their assets. Make a list of cryptocurrencies that you wish to invest in and then wait for the red candles to show up.

Another good time to invest is on the weekends when most institutions are closing their trades.

At present, we're witnessing a major shift away from the traditional ways of investing, in which you require a broker, to a modern way, where you can purchase cryptocurrency from the comfort of your room.

What Cryptocurrency Should You Buy?
Visit coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

My first choice has always been Solana which is followed closely by AVAX and POLIS.

It's also easier to keep track of your favorite coins and keep an eye on them. With an application like Tabtrader you can track each time you swing and can determine when to purchase more coins or make profits.

If you have held your cryptocurrency for a while it is possible to either withdraw it and receive airdrops, or transfer it into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords can be used to safeguard the security of your crypto.

It is also important to keep your 12-word phrase so you can restore your asset in case your host device goes missing or is stolen.

Conclusion
By this, your bank is your bank. You can conduct transactions anywhere on the planet at any hour.



Website: https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/