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ARIF EFENDI explains why CRYPTO INVESTMENTS are leading the MARKET

In the beginning of 2022 there was an significant drop in the value of the stock market as well as risk assets. Arif Elfendi argues that the reason for this was the rising rate of inflation, anticipations of an increase in interest rates and tensions between Russia, Ukraine, and other risk assets. It is important that investors diversify their portfolios in times when the economy is in turmoil. That's where crypto investments come in.

Is Cryptocurrency an investment or a currency? Investment?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi believes that digital wallets allow you to pay international transactions without physical cash.

Cryptography is a technique of security that safeguards cryptocurrency transactions. Arif Efendi It is impossible to duplicate-spend or create counterfeits as per Arif Efendi.

One of the most notable features of this digital currency is that it's not issued by any central body. Therefore, there is no interference from the government. You can mine the currency and buy through an exchange, broker or other intermediary.


Ripple, Ethereum and Litecoin are all popular cryptocurrencies. Each coin has its own uses.

It isn't just a currency for transactions however, it can also be a means to invest. A lot of people want in trading digital coins to earn profits. An investor can buy digital coins and keep them for a long or shorter time. Then, they sell to raise prices. While cryptocurrency is not a legal option in certain countries, El Salvador was to become the first country to have an official intention to utilize Bitcoin .

Arif Efendi on Printed Currencies versus Cryptocurrencies
Fiat or printed currencies as well as cryptocurrencies facilitate payments, but they're not the same. Arif Efendi explains below a few of the differences.

Regulation
Because fiat currencies are issued by government and the central bank, it is the central bank that regulates them. They also have legal tender. Arif Efendi Their value could be affected by government policies.

Cryptocurrencies are digital currencies which can be decentralized. They are, therefore, free from the oversight of government. Certain countries do not approve of the usage of crypto due to the fact that they assume that it is used for money laundering and other illegal operations.

Form of Exchange
Five currencies can be exchanged electronically or in physical forms. The currency can, however, be exchanged digitally. Because the currency is encased in a series of codes, that's the reason it's only possible to exchange digital currency.

https://eksisozluk.com/arif-efendi--4381274 Storage Method
Fiat currencies can be stored in safes, banks, home, or fiat wallets. Cryptocurrencies are stored in crypto wallets. Fiat wallets permit you to convert government-issued money into digital assets.

Benefits of cryptocurrencies over paper currency
There are many advantages of cryptocurrency over printed currency. Arif Efendi said that they provide the following:

Decentralized System
Crypto is a distributed system. It is impossible to control its circulation or value. Arif Efendi Each transaction is recorded on ledgers in the same way that banks monitor transactions. Arif Efendi The ledger does not contain personal data. This stops the loss of data and fraud.

Can be used as a hedge
Digital assets such as Bitcoin to protect yourself against the effects of inflation. In times of inflation the more money will be circulated, but items that are scarce will cost more.

Bitcoin is intended to remain scarce regardless of the economic situation. A lot of people will be able to purchase bitcoins with hundreds of dollars. It is possible that the coins may appreciate in price.

Payments across Borders
With cryptocurrency, you can send money to individuals in other countries within split seconds. The transaction fees are minimal and the procedure is simple.

Printing currency can take a few days to reach the recipient. Transactions like these can be costly because of the high fees. Your transaction may be denied in certain circumstances due to tension between nations, sanctions , or other regulations.

Arif Efendi Cryptocurrencies aren't always safe
Arif Elfendi warns about the potential for cryptocurrency to be a risk.

Extreme Volatility
The cryptocurrency market is extremely volatile. It is possible to accumulate a lot of wealth in just months, and you can lose everything quickly.

Arif Efendi Do not delay the process of achieving the investment's return
Investors who are older and more prominent appear to suggest that novice investors are able to earn high returns immediately. In reality the returns you earn from your investments may not be as good in the absence of steady trading habits and are able to manage risk effectively.

Account Monitoring
While cryptocurrency transactions are digitally encrypted, they leave digital tracks. The FBI is able to decipher and monitor accounts of regular people.

Conclusion
Arif Efendi talks about cryptocurrency as a digital currency which can be used to make secure transactions. Arif Efendi It is also a great way for diversification of your portfolio. This article will explore the differences between cryptocurrency and printed currencies. The article also discussed the advantages of crypto over paper money.

Arif Efendi warns that cryptocurrency has its own risks, like other investments. He suggests that investors seek advice from a professional financial advisor prior to investing.



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