Notes

ARIF EFFENDI explains why CRYPTO INVESTMENTS LEAD THE MARKET

The stock market experienced a large sell-off of stocks and other risk assets in the beginning of 2022. Arif Efendi claims that this was due to the rising inflation, expectations of a hike in interest rates, as well as the tension between Russia and Ukraine. In an uncertain economy, investors must diversify their portfolios. Arif Efendi This is the place where crypto investing can help.

Is Cryptocurrency an investment or a currency? investment?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi believes it makes it easier to transfer money all over the world without the need to carry and change physical cash.

The cryptography technique is used to secure transactions with cryptocurrency. It is not possible to duplicate-spend or make counterfeits, according to Arif Efendi.

Arif Efendi One of the most notable features of the digital currency is that it's not issued by any central authority. It means that there's no government intervention. https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=441&Itemid=105 You can purchase or mine currency from an exchange.

Ripple, Ethereum, Litecoin and Bitcoin are some of the most well-known cryptocurrency. Each coin has its place in the.

Beyond being a transaction currency The cryptocurrency is also an investment option. Many people are interested and are able to trade digital coins for profit. Investors may buy digital coins, keep for a period of time or even sell them when their price rises. While some countries restrict crypto use, El Salvador was the first nation to adopt Bitcoin as an legal trend.

Arif Efendi on Printed Currencies versus Cryptocurrencies
Although cryptocurrencies and fiat currency can both be utilized for payment facilitation however, they don't work in the same way. Arif Elfendi clarifies the distinctions.

Regulation
Fiat currency is issued by governments. The central bank regulates them. They are legal and legal tender. However, they could be devalued over time because of the policies of governments.


Cryptocurrencies are digital assets that are not centralized. They are digital currencies that can be used independently from the state. Certain countries have a stance against crypto because they fear the possibility of using it to conceal money and for other illegal activities.

Form of Exchange
Although fiat currency is offered in physical and electronic formats, cryptocurrency is only available in digital format. Because the currency is encased within a number of codes, that's the reason why it's only possible to exchange digital currency.

Storage Method
Fiat currency can be kept in banks, safes at home, or even in fiat wallets. Cryptocurrencies are kept in crypto wallets. Fiat wallets permit you to transform government-issued currency into digital assets.

Advantages Cryptocurrencies have over printed Currencies
There are many advantages to cryptocurrency over currencies printed. Arif Efendi Arif Efendi stated that the following advantages:

Decentralized System
Crypto is built on a decentralized system. Thus, no one has the power to control its value or circulation. Because banks keep track of transactions, every transaction is documented in the ledger. The ledger, however, doesn't contain any personal information. This helps prevent the theft of personal data and fraud.

It serves as a hedge
In the context of inflation protection using digital assets, such as Bitcoin are possible. Inflation means that there will be more money, however it will also mean that items with less value cost more.

Bitcoin is designed to be in high demand regardless of changes in the economy. The coins will always be scarce even though thousands of dollars are spent on them. There's also a great chance that the coins will appreciate.

Payments across Borders
With cryptocurrency, you can transfer money to people in other countries within split seconds. The transaction fees are very low , and the entire procedure is simple.

Print currency will take a few days before it reaches the recipient. The charges associated with these transactions can be quite very high. In some instances the transaction may be rejected because of tension between the countries, sanctions , and rules.

Cryptocurrencies are a risk
According to Arif Efendi, there are risks associated the use of cryptocurrency.

Extreme Volatility
It is extremely unstable. It is possible to accumulate a large amount of wealth within one month or less and lose everything in the twinkle of an eye.

Arif Efendi Do not delay in getting the returns you deserve from your investment
Professionals in the field of advertising and older investors often make novices believe they can earn high returns instantaneously. It is possible that you won't make the same amount of money from your investments if you don't have consistent trading and an effective risk management.

Account Monitoring
Even though cryptocurrency transactions are protected by codes, they also leave digital tracks. The FBI is able to crack the codes and monitor normal accounts of citizens.

Arif Efendi Conclusion
Arif Elfendi discusses cryptocurrency, a digital asset which can be utilized to conduct secure transactions. You can also use it to diversify portfolio. This article explained the differences between crypto currencies and printed currency. The article also discussed the advantages of crypto over paper money.

Arif Efendi reminds investors that cryptocurrency can pose risks, just like other investments. He suggests that investors seek advice from a professional financial advisor before making a decision to invest.

https://steemit.com/@arifefendi

My Website: https://belleten.gov.tr/tam-metin-pdf/1323/tur