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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi was a businessman and investor who recognized that cryptocurrencies could be an investment opportunity. He shares his thoughts and experiences in this article.

Arif Emendi explains what is the difference between stock and Crypto
Knowing the difference between cryptocurrency and stock is crucial if you are an investor just like me. Although they share a few similarities, they aren't exactly the same as stocks.

Cryptocurrency is the term used to describe the concept of a digital currency which is backed by a decentralized system employing cryptography instead of a central authority. Equity, also referred to as stock are securities that signify ownership of a certain percentage of a business.

When the cost of an asset increases, both stocks and crypto are bought with the intention of capital appreciation.

Why do people buy Stocks and other Cryptocurrencies?
Stocks are also able to be bought to influence company decisions and vote. Additionally, they invest in order to earn dividends which the company distributes among their shareholders.

It's easy to invest digitally in crypto and stocks with the next technology marketplace as well as a myriad of mobile investment apps.

Arif Efendi While the process may appear similar, there are many variations. The Securities and Exchange Commission regulates stocks. However, crypto trading can be conducted on any smartphone or smart device at any time.

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

Trading Crypto vs. Swing Trading
You can ask why it is more profitable trading cryptocurrency, despite the fluctuation.

With a huge market capitalization that is a good indicator of to see a swing of 5-10% in crypto. But, smaller cryptos can reach 10x or more per day.

This is the truth.

Here's an example of this: If you had put $1000 on Solana, it would be worth $182,000 today at the trading price of $182.

It's not necessary to be a poor investor to invest in crypto. The money could be from a foreign source. No central institution regulates cryptocurrency.


Arif Efendi Arif Efendi They are therefore worth their cost in terms of supply, demand and production.

Understanding the Supply and Demand in Cryptocurrency
The textbook on economics explains that the price of an asset will increase if its demand grows faster than its supply.

If there's an earthquake in a specific place, the price of water will increase even in the event that demand stays the same. The same principle of economics applies also to cryptocurrencies.

We are now in the mass adoption phase. Investors from institutions like MicroStrategy are investing big in cryptocurrency. It is an exciting moment to be alive.

Recognize the Volatility Risks
Similar to the stock market the value of cryptocurrency fluctuates. Arif Efendi Many people want to be adept with crypto and make a hundred times profit.

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

https://www.amazon.com/Mübadele-Sürecinde-Selanikli-Mustafa-Efendi/dp/6257900778 Warren Buffet once said, "Be fearful of others being greedy and being greedy if others are afraid."

A majority of those working in the crypto market are scared. A bear market is the ideal moment to buy crypto. If the price of the cryptocurrency is falling. If Harry, Dick and Tom panic-sell.

If investors are anxious or scared, they might lose their holdings. Be aware of which cryptocurrency are most appealing to you and then wait for the candle in red to go out.

Another great time to buy is during the weekend when the majority of institutional investors are closing their trades for the week.

In the present, we are experiencing a huge shift from the old ways of investing, in which you need a broker, to a more modern method, where you can purchase crypto from the comfort of your own home.

Should I Purchase an Cryptocurrency?
There are many cryptocurrencies available to pick from when you go to coinmarketcap.com.

My top choice has always been Solana which is closely followed by AVAX and POLIS.

It's simpler than ever to track and monitor your favorite currency. Tabtrader allows you to monitor each move so that you can decide when to take profit or buy more.

If you've been holding onto your cryptocurrency for a long time and you're able to use it and receive airdrops. You can also move them to wallets such Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

Also, it is important to keep your 12-word phrase in a safe place to refer to in the event that your host device is stolen or lost.

Conclusion
All this information will make you your bank and allow you to conduct transactions wherever and anytime you want.



Homepage: https://twitter.com/ArifOUO/status/1733449376251380102