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Arif Efendi, Businessman, Shares His Insights On Crypto Investment

Arif Efendi who is a successful businessman, and investor recognized that cryptocurrencies were now a legal investment option. Arif Efendi In this piece, he explains his experience and knowledge

Arifefendi explains how Crypto is different from stocks
Investors like me need to be aware of the distinction between stocks and cryptocurrencies. Stocks and cryptocurrencies share many similarities, however they aren't the same.

Cryptocurrency can be described as a digital asset or currency that is recorded and verified by a decentralized system via cryptography instead of a central authority. Equity, also referred to as stock, are securities that represent ownership of a portion of a business.

When the price of an asset is rising the crypto and stocks are bought in the hope of capital appreciation.

Why do people buy Stocks and other Cryptocurrencies?
Individuals buy stocks to be able to vote on company decisions. They also invest to receive dividends, which the company distributes to its shareholders.

It's easy to invest digitally in crypto and stocks right now through the new marketplace and numerous mobile investment apps.

While the process is similar, there are some significant variations. Cryptocurrency trading can be done at any hour of the day regardless of whether or not the Securities and Exchange Commission regulates the stock market.

You are also able to trade crypto with other trading pairs in crypto, or fiats.

Trading Crypto is different from. Swing Trading
It is possible to ask why it's better to invest in trading in crypto regardless of the volatility.

With a large market capital that is a good indicator of a 5%-10% swing in the crypto. But, smaller cryptos might be able to achieve 10x or higher every day.

This is a very scarce item.

You can see an example of this: If you had made a $1000 investment on Solana the stock, it would be worth $182,000 at the price of $182.

It can be profitable if you're not in a position of weakness. Beginners may be wondering where the money originates. No central institution regulates cryptocurrency.

Therefore, their value comes down to the cost of supply and production, as in addition to demand and the rate of adoption.

https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ Understanding Supply and Demand in Cryptocurrency
According to the textbooks of economics according to textbooks, if demand is higher than the supply, then the price of the asset will rise.

If there's an earthquake that strikes a certain area, the price of water will rise , even in the event that demand stays the same. The same economic principle is applicable to crypto.

We are now in the stage of mass adoption and we are seeing institutional investors like MicroStrategy and countries like Ecuador betting big on cryptocurrencies. It's an exciting moment in the world of cryptocurrency.

It's important to understand the risks of volatility
The market for cryptocurrency is like stock market. Its value can fluctuate . https://www.kolnkutuphane.de/de/bir-defterin-isiginda-selanikli-mustafa-arif-efendi-1852-1941-ve-ailesi-34801 Many are keen to invest in cryptocurrency and achieve 100x returns.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ There is no guarantee that an asset's profitability will be constant, however it is important to know the right time to sell an asset or earn a profit.

Warren Buffet stated, "Be cautious when you see others being greedy and be greedy whenever you see others being afraid."

Most people in crypto are scared. The bear market is the most profitable period to buy cryptocurrency. If the price of the cryptocurrency is declining. Panic-selling occurs when there is none of Harry, Dick or Tom.

If investors are anxious or scared, they may lose their assets. Arif Efendi You should make a list of cryptocurrencies that you wish to invest in and then wait for candles to light red.

An ideal time to invest is during the weekend, as the majority of institutional investors have shut their positions.

Right now, we are experiencing a huge shift from the traditional ways of investing, in which you require a broker, to a more modern method, where you can purchase crypto from the comfort of your room.

Which Cryptocurrency Do I Have to Buy?
If you go to Coinmarketcap.com, there are numerous cryptocurrencies on offer.

My favorite is Solana. This was followed by VAX, POLIS, and ATLAS.

It's also easy to track your most loved coins and keep an in mind their movements. Tabtrader is an app that lets you monitor every move and determine when it's time to make a profit or buy more.

If you have held your cryptocurrency for an extended period of time, you could take it and collect airdrops, or transfer them to wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to protect the coins.

Keep your 12-word phrase in mind to ensure you are able to retrieve your asset in the event of a host device being lost or stolen.


Conclusion
By this, your bank is your bank. You can transact anywhere on the planet at any time.



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