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Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi, a businessman and investor who has a lot of experience, saw cryptocurrencies as a legitimate investment option. In this piece, he explains his lessons and insights

Arif Efendi discusses how Crypto is different from the stock market.
It is essential to be able to distinguish between cryptocurrency and stock If you're like me, an investor. While they have some similarities, they aren't identical to stocks.

The term "cryptocurrency" refers to a type of digital currency , or an asset that can be verified and recorded through a decentralized system through cryptography . It replaces the central authority. Equity, also referred to as stock are securities that signify ownership of a portion of a company.

The majority of people purchase stocks as well as crypto with an eye on capital appreciation in particular when the currency held rises in prices.

Why Do People Buy stocks and cryptocurrencies?
In the case of stocks, investors purchase stocks to be able to vote and influence decisions of the company. Additionally, they invest in order to earn dividends which the company distributes to their shareholders.

It is very simple to invest digitally in stocks with the latest generation platform, as well as other investment applications.

Arif Efendi Although the process is similar but there are some important distinctions. For instance, even though the Securities and Exchange Commission regulates the trading of stocks, you can also trade cryptocurrency at any time of the day directly via your smartphone or other smart device.

You can also trade crypto with crypto trading pairs, fiats, or crypto.

Trading Crypto and. Swing Trading
It is possible to wonder what the reason is for trading in crypto, despite its fluctuation.

Crypto with large market caps can swing 5% to 10%, while smaller cryptos can reach 10x in one day.

It is not common in stock.

You can see an example: If you had invested $1000 on Solana It would be worth $182,000 at the price of $182.

If you're not weak cryptocurrency investment could be very lucrative. An uninitiated person might wonder what the source of the money comes from. There is no central authority to regulate cryptocurrency.

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

Arif Efendi Understanding the Demand and Supply in cryptocurrency
According to the textbooks of economics, if the demand is greater than supply, the cost of the asset will increase.

In the case of earthquakes, for example, they can trigger the price of water to increase in some regions. This economic principle also is applicable to crypto.

We are in the mass adoption phase, and we're witnessing institutional investors like MicroStrategy and countries like Ecuador betting hugely on cryptocurrency. It's a wonderful moment to live!

Recognize the Risks of Volatility
The value of crypto currency fluctuates just like the stock market. Arif Efendi A lot of people are hoping to make 100x profit by investing in cryptocurrency.

Although it's not certain that an asset will be profitable forever it is essential to be aware of when assets should be bought and removed from profit or sold.

Warren Buffet said, "Be afraid when others are greedy and greedy when other are afraid."

People in the crypto space are often afraid. Arif Efendi Bear markets are the most profitable place to buy cryptocurrency. The asset is down. When Harry, Dick and Tom panic-sell.

If investors become worried and afraid, they may lose their investments. https://classifieds.lt/index.php?page=user&action=pub_profile&id=2831629 Keep track of which cryptocurrencies appeal to you the most and watch for the candle in red to go out.

Another option to buy is during weekends, as institutional investors shut their trading for the week.

The traditional method of investing requires an intermediary. Arif Efendi The modern way of buying crypto can be done from the comfort of your living room.

What Cryptocurrency Should You Purchase?
If you go to Coinmarketcap.com, there are many cryptocurrencies available.

My favorite always has been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It's now easier than ever before to track and monitor your favorite currency. Tabtrader makes it easy to keep track of each move and also when it is time to purchase more.

If you have held your cryptocurrency for a while then you may either transfer it and receive airdrops, or move them into wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect the security of your crypto.

It is also recommended to keep your 12-word phrase in the event that your host device gets lost or stolen.

Conclusion
With all this information, you are your bank, and you can make transactions at any time and wherever you are anywhere in the world.


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