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Arif Efendi shares his insights on Crypto Investment with a businessman

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

Arif Elfendi discusses the difference between crypto and stocks.
An investor like myself needs to be aware of the distinctions between cryptocurrency, stocks, and other investments. Stocks and cryptocurrency have some similarities, but they aren't exactly 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 signify the ownership of a part of a corporation.

With capital appreciation in mind, when buying crypto or stocks, and especially when the asset's price rises the majority of people will buy both.

Why People Buy Stocks and Cryptocurrencies
Stocks are also able to be bought to influence company decisions and vote. Stockholders are also able to invest in stocks in order to receive dividends from companies.

It is easy to invest digitally in stocks and crypto using the latest technology marketplace as well as a myriad of mobile apps for investing.

Despite the fact that the process is similar, there are some significant variations. The Securities and Exchange Commission regulates stocks. However, crypto trading can be done from any smartphone or smart device anytime.

You are also able to trade crypto using crypto trading pairs, fiats or crypto.

https://kwafoo.coe.neu.edu:7788/git/arif-efendiovpg746 Trading Crypto is different from. Swing Trading
You may be wondering why it's more profitable for you to trade cryptocurrency, regardless of volatility.

Cryptos with huge market cap could fluctuate between 5% and 10 percent, while smaller cryptos can reach 10x in one day.

The truth is that this is extremely rare in stock.

For instance, if were to have invested $1000 in Solana on January 1, 2021, at $1.837, your investment would be worth $182,000 right now at the price of trading of $182.

If you're a skilled grasp of crypto, it can be very rewarding. Some novices might wonder where the money originates. Cryptocurrency is not regulated by any central authority.

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

Understanding the Supply & Demand in Cryptocurrency
The textbook in our economics class shows us that if the the demand for an asset grows faster than supply, then the asset's price will also increase.

If there's an earthquake, for example, water prices will rise if demand is low. The same economic concept applies to cryptocurrency.

Arif Efendi We are now in the phase of mass adoption and companies like MicroStrategy and MicroStrategy, as well as Ecuadorean investors are betting big on cryptocurrency. This is an exciting moment to live!

It's important to recognize the Risks of Volatility
The value of crypto fluctuates in the same way as the market for stocks. Many people would like to become adept with crypto and make a hundred times profit.

While there is no utmost certainty that an investment will continue to be profitable It is vital to know when you should buy an asset and when to sell it or profit.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Don't be greedy if other people are afraid."

Most people in crypto are worried. Bear markets are the best place to buy cryptocurrency. The asset is down. Arif Efendi Panic-selling happens when every Harry, Dick, and Tom is going down.

If investors feel nervous or scared, they might lose their assets. Keep track of which cryptocurrencies appeal to you the most and then wait for the candle in red to start to burn.

A weekend is a great opportunity to purchase, since the majority of institutional investors will have closed their trades for that week.

At present, we're 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 cryptocurrency from the comfort of your home.

What Cryptocurrency Should You Purchase?
You can choose from many cryptocurrency options when you go to coinmarketcap.com.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

Arif Efendi Arif Efendi It's now easier to monitor and track your preferred currencies. Tabtrader makes it easy to keep track of each move and also when it is time to purchase more.

If your cryptocurrency was stored for a long time it's possible to collect airdrops and move the coins to wallets. Trustwallet. Imtoken. Myetherwallet.

Additionally, it is essential to keep your 12-word phrase in a safe place for future reference in case your host device is lost or stolen.

Conclusion
All of these details make you your bank. You are able to transact at anytime, anywhere in the world, using everything you own.


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