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Arif Efendi, a Businessman, shares insights about Crypto Investment

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

Arif Elfendi explains the difference between crypto and stocks.
If you're an investor it's important to know the differences between stock and cryptocurrency. Both stocks and cryptocurrency have many similarities, but they aren't identical.

Cryptocurrency is the concept of a digital currency which is backed by a decentralized system employing cryptography rather than a central authority. Stocks, also referred to as equity or securities, represent ownership of a specific portion of a company.

If the value of an asset rises the crypto and stocks are bought with the intention of capital appreciation.

The reason people invest in cryptocurrency and stocks
Stocks are bought by investors who purchase stocks to be able to vote and influence the company's decisions. Investors also buy shares to earn the dividend payments that the company pays to shareholders.

It's simple to invest online in stocks and crypto with the next generation marketplace and various mobile investment apps.

While the process may appear similar, there are many distinctions. For instance, while the Securities and Exchange Commission regulates the stock market, you are able to trade crypto at any time throughout the day via your smart phone or smartphone.

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

Trading Crypto Vs. Swing Trading
You may be wondering why it is more profitable to invest in crypto, despite volatility.

Large market cap cryptos can vary between 5 to 10 percent. Smaller cryptocurrencies, however, can increase 10 times daily.


This is a rare stock.

For example, if you had put $1000 into Solana 1st January 2021, at $1.837 the investment would have been worth $182,000 at the current trading price of $182.

It's not necessary to be a bad investor in investing in crypto. Beginners may be wondering where the money originates. There is no central authority to regulate cryptocurrency.

https://www.norwich.edu/record/3343-staying-at-the-forefront Their value is determined by the costs of production and consumption, demand and supply adoption, and the availability on exchanges for utilities as well as utilities.

Understanding the Supply & Demand in cryptocurrency
According to textbooks on economics, if the demand is greater than supply, then the value of the asset will increase.

In the event of an earthquake, as in water prices can rise if demand is low. The same economic principle is applicable to cryptocurrency.

We are nearing the point of mass adoption, and institutions such as MicroStrategy or a country like Ecuador are betting big about cryptocurrencies. It's a wonderful time to live!

Recognize Risks of Volatility
The cryptocurrency market is like stock markets. Its value can fluctuate . Many people are eager to invest in cryptocurrency and make 100x profits.

Arif Efendi While there isn't any absolute assurance that an asset will always be profitable, it is always important to be aware of when to purchase an asset and sell or make profits.

According to Warren Buffet, "Be fearful when you see greedy people around you and be greedy when other are afraid."

People in the crypto space are usually scared. The bear market is the most profitable location to purchase cryptocurrency. Arif Efendi When the asset is going down. https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ When every Tom, Dick and Harry is panic-selling.

Arif Efendi If people feel anxious or fearful, they could lose their investments. Make a list of the cryptocurrencies you would prefer to invest in and look for the red candles to start appearing.

The best investment time is during the weekend, because most institutional investors have closed their trading.

We are witnessing a shift from traditional investment methods in which a broker is required, to modern ways, where you can buy crypto at home.

Which Cryptocurrency should I invest in?
You have many options to choose from when you go to coinsmarketcap.com.

My top choice was Solana. POLIS, AVAX as well as ATLAS were right behind.

It's easier than ever to keep track of and monitor your most loved coin. Tabtrader lets you monitor every step so that you are able to determine when you should take a profits or invest in more.

If you've been holding your cryptocurrency for a period of time then you may either transfer the cryptocurrency and get airdrops or transfer it into wallets such as Trustwallet, Imtoken, or Myetherwallet. Arif Efendi Secure passwords are used to secure them.

Arif Efendi It is important to record your 12-word phrase so you can restore your valuable asset should your host device goes missing or stolen.

Conclusion
All of these details make you your bank. You can transact any time, anywhere around the globe, using everything you own.



Website: https://books.google.co.uk/books?id=xri9e8h7zIUC&pg=PA134&lpg=PA134&dq=arif+efendi&source=bl&ots=qjDRK3p4dR&sig=ACfU3U3E2q0tnUnfeuuXOjqhYyv7ECqTPg&sa=X&ved=2ahUKEwjuwaWO8Lb6AhX1rokEHaU1AcMQ6AF6BAgcEAM