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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor realized that cryptocurrencies could be a legitimate investment tool. In this article he shares his lessons and insights

Arifefendi explains how Crypto is different from Stocks
Understanding the distinction between stocks and cryptocurrency is essential if you're an investor, like me. Arif Efendi Although they have many similarities, stocks and cryptocurrency are distinct.

Cryptocurrency is a type of digital asset or currency that is recorded and verified by a decentralized system using cryptography instead of a centralized authority. Arif Efendi Equity, also referred to as stock are securities that signify the ownership of a part of a company.

The purchase of crypto and stocks is with the intention of capital appreciation, especially when the asset is rising in value.

Why Do People Buy Stocks and Cryptocurrencies
Stocks can also be purchased to influence company decisions and votes. They may also invest in stocks in order to receive dividends from the company.

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

It might appear to be the same but there are significant differences. For instance, while the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any time of the day directly from your phone or smart device.

It is also possible to trade with fiats and crypto trading pairs.

Trading Crypto vs. Swing Trading
You might be wondering why it is better to invest in trading in crypto despite the risk of.

The largest market cap cryptocurrency could have a swing of between 5% to 10%. Less popular cryptos, however, could gain 10x every day.

This is actually a very uncommon situation in stock.

It is possible to see an example: If you had invested $1000 on Solana, it would be worth $182,000 at the $182 trading price.

If you're not weak cryptocurrency investment could be extremely lucrative. An uninitiated person might wonder where the money is coming from. It is not possible to regulate cryptocurrency from an agency central to.

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

Understanding the Supply of Cryptocurrency and Demand
The textbook on economics explains that the cost of an asset can rise when demand for it grows more quickly than the supply.

If there is an earthquake at a particular location, the cost of water will rise even in the event that demand stays the same. This economic principle also applies to cryptocurrency.


We are approaching the point of mass adoption, and institutions such as MicroStrategy or a nation like Ecuador are betting big about cryptocurrencies. It's an exciting moment to be alive.

It's crucial to know the risks of volatility
The worth of cryptocurrency goes up and down just like the market for stocks. Many want to be part of crypto and earn 100x profit.

Although it is highly unlikely that an investment will continue to be profitable There are instances when it's 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 others are afraid."

The majority of people who invest in cryptocurrency are scared. The bear market is the most profitable time to invest in cryptocurrency. When the price of cryptocurrency falls. When Harry, Dick, or Tom are in panic selling.

Arif Efendi If people are scared and worried, they might lose their holdings. You should make a list of cryptocurrencies that you wish to invest and wait for candles to light red.

Arif Efendi Another option to buy is on weekends, when institutional investors end their trades for the week.

Right now, we are experiencing a huge shift from the old ways of investing, where you require a broker, to a more modern method, where you can purchase cryptocurrency right from your home.

Which Cryptocurrency should I purchase?
Arif Efendi You can choose from many cryptocurrency options when you go to coinmarketcap.com.

My favorite has been Solana. It was followed by VAX, POLIS, and ATLAS.

Now , it's easier to monitor and track your favorite coins. Tabtrader is an application which lets you track every move and determine when it's time for you to earn or invest in more.

If you've been holding your cryptocurrency for an extended period of time, you could use it to collect airdrops or move your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and make sure you use secure passwords to protect them.

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

Conclusion
All of this information will make you your bank account and enable you to transact anywhere and anytime you want.



Read More: https://techbullion.com/arif-efendi-discusses-how-to-get-started-with-cryptocurrency-in-2022