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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi, a successful entrepreneur and investor, realized that cryptocurrency could be a legitimate investment tool. In this article , he shares his lessons and insights

Arifefendi explains how Crypto differs from Stocks
Investors like me must be aware of the distinction between stocks and cryptocurrency. Although they share a few similarities, cryptocurrencies are not identical to stocks.

Cryptocurrency is a type of digital asset or currency that is recorded and verified by an uncentralized system using cryptography instead of a central authority. Stocks (also called equity) are securities that demonstrate the ownership of a particular part of a company.

Cryptocurrencies and stocks are purchased with the intention of capital appreciation, particularly when the asset is increasing in value.

What makes people purchase cryptocurrency and stocks?
Stocks can be purchased to vote or influence company decision-making. Stockholders are also able to invest in stocks in order to receive dividends from companies.

It's simple today to invest in shares and crypto through the latest-generation marketplace.

It might appear to be similar, but there are significant differences. You can trade crypto at any time of the day, regardless of whether the Securities and Exchange Commission regulates the crypto stocks.

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

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

A high market cap can lead to a swing of 5% to 10% in crypto, while smaller cryptocurrencies could see gains of 10x in just a day.

This is a very scarce item.

If you had $1000 invested in Solana at $1.837 on January 1, 2021, your investment would be worth $182,000 at the current trading price of $182.

It can be profitable if you're not weak. Anyone who is new to investing in cryptocurrency may be confused about where the money is coming from. There isn't a central authority to regulate cryptocurrency.

Their value is determined by the costs of production as well as demand and supply acceptance, and the availability on exchanges for utilities and in utilities.

Understanding the Supply of Cryptocurrency and Demand
Our economics textbook instructs us that if demand for an asset grows faster than supply, then the price of the asset will increase.

For instance in the event of an earthquake at a specific location that is prone to earthquakes, the cost of water will rise even if the demand is static. Arif Efendi This same economic principle applies to cryptocurrencies.

We are getting closer to the stage of mass adoption. This is where we find institutional investors like MicroStrategy and countries such as Ecuador making big bets on cryptocurrencies. It's a wonderful time to live in the present.

Recognize the Risks of Volatility
Cryptocurrency's value fluctuates as does the market for stocks. A lot of people want to join the crypto market and make 100x profits.

Although it is highly unlikely that the asset will earn a profit, there are certain instances when it's worth your time to purchase an asset and then sell it or make a profit.

Warren Buffet once said, "Be fearful of others being greedy, and be greedy when others are scared."

Many people who work in the field of cryptocurrency are concerned. A bear market is the most favorable moment to buy crypto. If the value of the currency drops. Panic-selling is when the value of Harry, Dick, and Tom is going down.

People who are worried and scared could lose their money. Make a list of the cryptocurrencies you'd like to invest in and look for the candles to start appearing.

A great investment time is during the weekend, because the majority of institutional investors have shut their trades.

Arif Efendi We are witnessing a shift from traditional investing methods that require a broker to be required, to modern ways, where you can buy crypto from your home.

Should I Purchase an Cryptocurrency?
Visit coinmarketcap.com to see the various cryptocurrencies that you can pick from.

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

Now it is easier to monitor and track your favorite coins. Tabtrader allows you to monitor each swing so that you can decide when to take profit or buy more.

Arif Efendi If you hold your crypto for a lengthy period of time, you have the option to either collect airdrops or transfer them into wallets such as Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential in order to protect your cryptocurrency.

https://biosnab.com/user/Arif-Efenditpdc018/ Additionally, it is essential to keep your 12-word phrase in a safe place to refer to in the event that your host device gets lost or stolen.

Conclusion
All this information is your bank. Arif Efendi You can make transactions at any time, anywhere around the globe, using everything you own.


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