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Arif Efendi shares his insight on the subject of Crypto Investments with businessman Arif Efendi

Arif Efendi, a businessman and investor who has a lot of experience, saw cryptocurrency as an investment option. In this piece, he shares his learnings and experiences.

Arifefendi explains why Crypto is different from stocks
Investors like me need to know the differences between cryptocurrency, stocks, and other investment options. While they have many similarities, stocks and cryptocurrencies are different.

Cryptocurrency is a digital asset which is used to record and verify transactions, uses cryptography as an alternative to the central authority. Equity, also referred to as stock are securities that are ownership of a certain percentage of a business.

With the idea of capital appreciation in mind when buying stocks or crypto, particularly when the price of the asset rises individuals tend to purchase both.

Why do people invest in stocks and cryptocurrencies
Stocks are purchased by individuals to be able to vote on the company's decisions. They also invest to receive dividends that the company distributes to their shareholders.

It's easy to invest in digital crypto and stocks currently using the next-generation marketplace as well as different mobile investment apps.

Despite the fact that the process looks similar but there are some important variations. The Securities and Exchange Commission regulates the trading of stocks. https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759 However, crypto trading can be conducted on any smartphone or smart device anytime.

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

Trading Crypto and. Swing Trading
You might be asking yourself why it's more profitable to invest in crypto, despite volatility.

The largest market cap cryptocurrency could have a swing of between 5% and 10%. The smaller cryptocurrencies, however, can increase 10 times daily.

It's not a common the stock.

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

If you're a skilled grasp of crypto, it can yield a lot of rewards. An uninitiated person might wonder where the money is coming from. There is no central authority that regulates cryptocurrency.


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

Understanding the Supply and Demand of cryptocurrency
In our economics textbook we are able to recall that if demand for an asset rises higher than supply, the cost of that asset will increase.

Arif Efendi For instance, if there is an earthquake at a specific location, the price of water will rise if demand remains constant. The same economic concept applies for cryptocurrencies.

We are nearing the mass adoption phase. This is where we find institutional investors like MicroStrategy as well as countries such as Ecuador placing big bets on cryptocurrency. https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ What a great time to be alive!

It's important to understand the risks of volatility
The worth of cryptocurrency fluctuates and down just like the market for stocks. Arif Efendi Many people want to make 100x returns by investing in crypto.

While it is unlikely that an investment will continue to earn a profit There are instances when it's worth your time to purchase an asset and then sell it or take profit.

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

The majority of people who invest in cryptocurrency are worried. Bear markets are the most profitable location to purchase cryptocurrency. When the value of cryptocurrency is dropping. Every Tom, Dick and Harry is panic-selling.

Fearful people can lose their investments if they are nervous and worried. Make a list of the cryptocurrencies that you want to invest in, and then watch for the candles to turn red.

Another good time to invest is on weekends when the majority of institutions are closing their trades.

Arif Efendi There is a massive shift taking place in the present from traditional investment methods which require you to work with a broker to modern ones where you can easily buy crypto from the privacy of your own home.

Should I Buy a Cryptocurrency?
You have many options when you visit coinsmarketcap.com.

My first option has been Solana, followed closely by AVAX and POLIS.

It's also easier to keep track of and monitor your most loved coins. Tabtrader makes it easy to keep track of each move and determine when you need to purchase more.

If you have your cryptocurrency for a prolonged time frame You have the option to either collect airdrops or transfer them to wallets like Trustwallet. Arif Efendi https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/ Imtoken or Myetherwallet. Secure passwords are essential to safeguard your cryptocurrency.

Keep a copy of your 12-word word phrase in the event that your host device gets stolen or lost.

Conclusion
All this information will make you your bank and allow you to transact anywhere and at any time you wish.



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