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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi is a businessman and an investor who has a lot of experience, saw crypto currencies as a viable investment opportunity. He shares his experiences and lessons learned in this article.

Arif Efendi discusses why Crypto is distinct from stocks
Investors like me need to know the differences between cryptocurrency, stocks, and other investment options. Both stocks and cryptocurrency have many similarities but they are not the same.

Cryptocurrency is a type of digital asset or currency whose transactions are documented and verified using a decentralized system using cryptography instead of a centralized authority. Arif Efendi Equity, also referred to as stock, are securities that represent ownership of a certain percentage of a corporation.

Capital appreciation is one of the main motive for investors to buy stocks and crypto. This is especially the case when the asset is rising in price.

Why do people buy stocks and cryptocurrencies
In the case of stocks, investors purchase stocks to vote and influence company decisions. Additionally, they invest in stocks to earn dividends which the company distributes to their shareholders.

It is very simple to invest digitally in stocks by using the next-generation platform and other mobile investment applications.

While the process may appear like it does, there are a lot of distinctions. It is possible to trade cryptocurrency at any time of the day, regardless of whether the Securities and Exchange Commission regulates the stock market.

You can also trade crypto using other trading pairs in crypto, or fiats.

Arif Efendi Trading Crypto and. Swing Trading
There is a possibility to ask why it's more profitable trading in crypto, despite its high volatility.

With a large market capital, you can expect an increase of 5% to 10% in crypto. However, smaller cryptocurrency could achieve 10x or more every day.

Arif Efendi This is a rare situation in stocks.

To illustrate, if, for instance, you invested $1000 in Solana's Solana stock on January 1, 2021, for $1.837, your investment today would be valued at $182,000 based on the current trading prices of $182.

It can be extremely rewarding investing in crypto if you're not a weak player. Anyone who is not familiar with the subject may wonder where the money is coming from. It's impossible to regulate cryptocurrency from an authoritative central authority.

They are therefore worth the price in terms of supply, demand , and production.

Understanding Supply and Demand in Cryptocurrency
We know from the textbooks on economics that if there's greater demand than supply for an asset its value will rise.

Arif Efendi For example, an earthquake can cause prices for water to rise in certain areas. This same economic principle applies to cryptocurrencies.

We are getting closer to the stage of mass adoption and institutional investors such as MicroStrategy or even a country like Ecuador are betting big about cryptocurrency. This is an exciting time to live in.

Recognize Risks of Volatility
The cryptocurrency market is just like the stock markets. Its value can fluctuate . Many people want to be cryptocurrency-savvy and earn a 100x profit.

There's no guarantee that the profitability of an asset will be constant, however it is important to be able to identify when to sell an asset or make a profit.

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

Many people who work in the cryptocurrency space are concerned. Arif Efendi The bear markets are among the best times to make investments in crypto. Arif Efendi If the currency is in decline. If Harry, Dick, or Tom are selling in a panic.

If people become anxious and afraid, they may lose their holdings. It is possible to make a list with cryptocurrencies you're interested in investing in and then wait for them to come up.

A weekend is a great time to buy, as the majority of institutional investors will have closed their trades for the week.

Traditional investment requires the services of a broker. Today, buying cryptocurrency is accessible from the comfort of your home.

What Cryptocurrency Should You Purchase?
If you visit Coinmarketcap.com, there are many cryptocurrencies available.

My personal favorite was Solana. It was followed by VAX, POLIS, and ATLAS.

It's even simpler to track and monitor your most-loved currencies. Tabtrader allows you to track each swing, and when you should buy more.

If your cryptocurrency has been stored for a long time you can take airdrops and transfer them to accounts. Arif Efendi Trustwallet. Imtoken. Myetherwallet.

It is also important to save your 12-word phrase to be able to refer to it in the future in case your host device is stolen or lost.

Conclusion
You are your bank with all of this data. You can transact anywhere around the globe anytime.


Here's my website: https://earthloveandmagic.com/activity/p/938253/