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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was an investor and businessman who saw that cryptocurrencies were an investment opportunity. Here are his thoughts and lessons.

Arif Efendi explains the difference between Crypto vs. Stocks
If you're an investor it is important to understand the differences between stock and cryptocurrency. Although they share some similarities, cryptocurrencies are not identical to stocks.

Cryptocurrency is a type of digital asset or currency that is recorded and verified using an uncentralized system via cryptography instead of a centralized authority. Arif Efendi In contrast, stocks, also called equity, are securities that depict ownership of a part of a business.

Arif Efendi The majority of people purchase stocks as well as crypto with capital appreciation in mind, especially when the asset held rises in prices.

Why Do People Purchase Stocks and Other Cryptocurrencies
Stocks are purchased by shareholders to be able to vote on corporate decisions. Investors also purchase stocks to receive dividends that the company gives to shareholders.

It's simple to invest in crypto and stocks digitally right now using the latest market technology and mobile investment apps.

The process might look similar, but there are still some notable variations. http://www.drugoffice.gov.hk/gb/unigb/9.academy/members/arif-efendixqvz649/activity/33384/ You can trade cryptocurrency any time you'd like, even though the Securities and Exchange Commission regulates stocks.

It is also possible to trade cryptocurrency in conjunction with other crypto trading pairs as well as fiats.

Trading Crypto is different from. https://lexsrv3.nlm.nih.gov/fdse/search/search.pl?match=0&realm=all&terms=https://penzu.com/p/fee29b47 Swing Trading
It is possible to ask why trading crypto is more profitable in spite of its volatility.

A huge market cap could lead to a swing of 5% to 10% for cryptocurrency, while smaller cryptos may see 10x gains within a single day.

This is the truth.

In this case, for example for an example, if $1000 was placed in Solana on January 1, 2021, at $1.837 the investment would be worth $182,000 now at $182.

If you have a strong grasp of crypto, it can yield a lot of rewards. The money could come from a person who is not your own. It is not controlled by any central institution.

Thus, their value comes from the cost of production, supply, demand, adoption and availability on exchanges and utilities.

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

For instance in the event of an earthquake that strikes a particular area where water is needed, the cost will rise even if the demand remains constant. The same economic principle is applicable to cryptocurrencies.

We are nearing the stage of mass adoption and institutions such as MicroStrategy or a country such as Ecuador are betting big about cryptocurrency. It's an exciting time to live in the present.

Arif Efendi Recognize Volatility Risks
The cryptocurrency market is like stock market. Its value can fluctuate . Many are keen to invest in crypto to make 100x profits.

Although it's not certain that an asset will be profit-making for the rest of its life it is essential to understand when an asset is best to be traded or sold to make profit.

In the words of Warren Buffet, "Be fearful when other people are greedy, and be greedy when other are fearful."

Arif Efendi A majority of those working in the cryptocurrency market are nervous. Bear markets are the best location to purchase cryptocurrency. When the asset goes down. If Harry, Dick, or Tom are panic-selling.

People who are worried and fearful could lose their money. You should make a list of cryptocurrencies that you want to invest in, and keep an eye out for red candles.

Another good time to purchase is on weekends, when institutional investors end their trades for the week.

There is a shift away from traditional investing methods, where a broker is mandatory, to newer methods, where you can buy crypto from your home.

What Cryptocurrency Should You Purchase?
You have many options when you visit coinsmarketcap.com.

Arif Efendi http://marneuli.net/index.php?subaction=userinfo&user=Arif-Efendiamrm044 My number one pick was Solana. POLIS followed by AVAX and ATLAS.

It's also easier to keep track of your favorite coins and keep in mind their movements. Tabtrader allows you to monitor each swing and determine whether to invest more earn more.

If you have held your cryptocurrency for a period of time then you may either transfer it to receive airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords can be used to safeguard the security of your crypto.

You should also keep your 12-word phrase in the event that your host device is stolen or lost.

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


Homepage: http://marneuli.net/index.php?subaction=userinfo&user=Arif-Efendiamrm044