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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a businessman and investor with a wealth of experience, recognized cryptocurrency as an investment opportunity. Arif Efendi In this article he shares his experiences and tips

Arif Elfendi explains the differences between stocks and crypto
Investors like me need to know the difference between stock and cryptocurrencies. Although they have many similarities, stock and cryptocurrency are distinct.

Cryptocurrency, a digital asset that can be used to keep track of transactions and to verify them employs cryptography as an alternative to the central authority. Stocks, also known as equity, are financial instruments which are a representation of ownership in a particular part or company.

Capital appreciation is one of the main reason for people to invest in cryptocurrency and stocks. This is especially true when the assets they hold rise in price.

What makes people invest in stocks and cryptocurrencies
Stocks are bought by investors who purchase shares to influence decisions of the company. They also invest in shares to receive dividends that the company distributes to its shareholders.

It's easy to invest online in stocks and crypto using the latest generation of marketplaces and a variety of mobile apps for investing.

https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=441&Itemid=105 The process may appear the same but there are important differences. You can trade cryptocurrency anytime you'd like, even if the Securities and Exchange Commission regulates the stock market.

You can also trade cryptocurrency in conjunction with other crypto trading pairs as well as fiats.

Trading Crypto vs. Swing Trading
It is possible to ask why trading in crypto is more profitable in spite of volatility.

Arif Efendi You can see the 5% to 10% swing on crypto with the largest market cap while smaller cryptocurrencies can achieve 10x on a given day.

This is the truth.

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


If you're not weak cryptocurrency investment could be extremely lucrative. An uninitiated person might wonder what the source of the money comes from. It's not possible to regulate cryptocurrency via an agency central to.

Their value is derived from the cost of production, supply, demand, adoption and availability on exchanges and utility.

Understanding Demand and Supply in Cryptocurrency
We can remember from economics books that when there is greater demand than supply for an asset its value will rise.

For example when there is an earthquake at a specific location that is prone to earthquakes, the cost of water will rise if demand remains constant. The same principle of economics is applicable to cryptocurrency.

We are in the stage of mass adoption and we are seeing institutional investors such as MicroStrategy and countries like Ecuador betting hugely on cryptocurrency. This is a great moment to live!

Be aware of the volatility risks
Like the stock exchange The value of cryptocurrency changes. Arif Efendi Many people would like to become adept with crypto and make a hundred times profit.

Although it is not certain that an investment will be profitable forever it is essential to understand when an asset is best to be removed from profit or sold.

In the words of Warren Buffet, "Be fearful when other people are greedy, and be greedy when you are fearful."

People in the crypto space tend to be scared. The ideal time to purchase cryptocurrency is in the bear market. When the price of cryptocurrency falls. Panic-selling happens when every Harry, Dick, and Tom is falling.

If people feel anxious or scared, they might lose their assets. Have a list of cryptocurrencies you'd prefer to invest in and wait for the candles to start appearing.

The weekend is the perfect time to buy, as the majority of institutional investors will be closing their trades for the week.

There is a transition away from traditional investing methods that require a broker to be required, to modern ways that allow you to buy crypto at home.

Which Cryptocurrency should I purchase?
There are a myriad of cryptocurrencies if you visit coinmarketcap.com.

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

It's now easier to keep track of your preferred currencies. Tabtrader is an app which lets you track every single swing to determine when it's time to profit or buy more.

If your cryptocurrency has been held for a while, it is possible to take airdrops and transfer them into accounts. Trustwallet. Imtoken. Arif Efendi Myetherwallet.

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

Arif Efendi Conclusion
With this information, your bank is your bank. You can make transactions from anywhere in the globe at any time.



Homepage: https://filkom.ub.ac.id/profile/staff/arif.efendi