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Arif Efendi shares his insight on crypto investments together with businessman Arif Efendi

Arif Efendi is a businessman and an investor with extensive experience, saw crypto currencies as a viable investment opportunity. He shares his insights and experiences in this piece.

Arifefendi explains how Crypto is different from Stocks
Understanding the distinction between cryptocurrency and stock is essential if you're an investor just like me. Both stocks and cryptocurrency have many similarities but they are not exactly the same.

Cryptocurrency is a type of digital asset or currency that is recorded and verified by a decentralized system by using cryptography instead of a centralized authority. Stocks, also called equity, are securities that represent the ownership of a part of a company.

With the thought of capital appreciation in mind when purchasing stocks or crypto, particularly when the asset's price rises, people tend to buy both.

Why do people purchase cryptocurrency and stocks?
Individuals buy stocks to vote in company decisions. Investors also buy shares to earn dividends, which the company gives to shareholders.

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

It may seem like similar, but there are significant differences. Arif Efendi You can trade cryptocurrency anytime you'd like, even though the Securities and Exchange Commission regulates stocks.

You can also trade using fiats and crypto trading pairs.

Trading Crypto and. Swing Trading
It is possible to wonder why it's more profitable trading crypto, despite the volatility.

Arif Efendi A large market cap can result in a fluctuation between 5% and 10% on cryptocurrency, while smaller cryptos can see gains of 10x in just a day.

It's true that this is quite rare in stocks.


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

Crypto investment can be that rewarding , if you're not weak. Some novices might wonder where the money originates. The cryptocurrency market is not governed by any central entity.

The cost of production as well as supply and demand are the key factors that determine their value.

Understanding the Demand and Supply in cryptocurrency
We know from the economics textbook that if there's greater demand than supply for an asset the price of it will increase.

For example, an earthquake can cause the price of water to increase in some regions. This same principle of economics also applies to cryptocurrency.

We are nearing the mass adoption stage and investors from institutions like MicroStrategy or a country like Ecuador are betting big on cryptocurrencies. This is an exciting time to live in.

Arif Efendi It's important to recognize the risks of volatility
The cost of cryptocurrency fluctuates similarly as the stock market. Many want to be part of crypto and make 100x profits.

It is not guaranteed that the profitability of an asset will never decrease, but it is crucial to be able to identify when to sell an asset or make an income.

Arif Efendi Warren Buffet said, "Be scared when you see others being greedy and greedy when other are scared."

The majority of people working in the crypto market are nervous. The bear markets are among the best times to invest in crypto. If the price of the cryptocurrency is declining. If Harry, Dick and Tom panic-sell.

If individuals become stressed and scared, they could lose their investments. Keep a list of cryptos you would like to invest in and look for the candles to show up.

Another excellent time to buy is during weekends, when the majority of institutional investors are closing their trading for the week.

Traditional investment requires an intermediary. Today, buying cryptocurrency is possible from the convenience of your living room.

Which Cryptocurrency Do I Have to Buy?
You have many options to choose from when you go to coinsmarketcap.com.

My top pick was Solana. POLIS, AVAX as well as ATLAS were in close proximity.

It's simpler than ever to track and monitor your preferred coin. Tabtrader is an app that lets you monitor every swing and see when it's time for you to earn or invest in more.

If you've been holding your crypto for a long time it is possible to either withdraw the cryptocurrency and get airdrops or transfer them to wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect them.

Your 12-word phrase should also be saved to ensure that you can restore your valuable asset in the unlikely event that your host device is lost or taken.

Conclusion
Your bank has all this information. Arif Efendi https://belleten.gov.tr/tam-metin-pdf/1323/tur Transact wherever you're located around the globe anytime.



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