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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi an investor and businessman with a wealth of experience, recognized cryptocurrencies as a legitimate investment choice. In this piece, he shares his learnings and insights.

Arif Emendi explains the difference is between stocks and Crypto
If you're an investor, it's important to know the differences between stock and cryptocurrency. While there are some similarities between cryptocurrencies and stocks but they're quite different.

The cryptocurrency is an electronic asset and money whose transactions have been recorded and verified using decentralized cryptography. It doesn't rely on a central authority. Stocks, also referred to as equity or securities, represent ownership of a certain part of a firm.

When the price of an asset is rising the crypto and stocks are bought with the intention of capital appreciation.

Why people buy cryptocurrency and stocks
Individuals purchase stocks to vote in corporate decisions. They also invest to receive dividends which the company distributes to their shareholders.

It's easy to invest in digital stocks and crypto today with the next-generation marketplace and numerous mobile investment apps.

While the process may seem the same but there are significant distinctions. It is possible to trade cryptocurrency at any time you want, even though the Securities and Exchange Commission regulates stocks.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto is different from. Swing Trading
You may be wondering why trading crypto is so profitable despite its volatile nature.

You can see an 5%-10 percent swing in cryptos with an enormous market cap and smaller cryptocurrencies could reach 10x per day.

The truth is that this is extremely rare in stock.

In this case, for example If $1000 had been placed in Solana on January 1, 2021, at $1.837 The investment would be worth $182,000 now at $182.

Arif Efendi The investment in crypto can be rewarding if you are not in a position of weakness. Beginners may be wondering where the money originates. Arif Efendi Regulation of cryptocurrency isn't performed by a central organization.

The cost of production, supply, and demand are the primary factors that determine their value.

Understanding Supply and Demand in Cryptocurrency
From our economics textbook, we know that if the demand for an asset rises higher than supply, the cost of that asset will go up.

For example, an earthquake can trigger the price of water to increase in certain regions. The same principle of economics applies to cryptocurrencies.

Arif Efendi We are in the phase of mass adoption and organizations like MicroStrategy and MicroStrategy, as well as Ecuadorean investors are betting big on cryptocurrency. It's a wonderful time to be alive.

It's important to understand the risks of volatility
The market for cryptocurrency is similar to stock market. Its value can fluctuate . Many people want to be part of the crypto market and earn a 100x profit.

There is no guarantee that an asset's profitability will be constant, however it is essential to know when to sell an asset or make profits.

Warren Buffet said, "Be fearful when people are greedy and greedy when other are scared."

Many people who are in cryptocurrency are worried. Arif Efendi The bear market is the best place to buy cryptocurrency. If the price of the cryptocurrency is falling. If Harry, Dick and Tom panic-sell.

If people become anxious and scared, they could lose their investments. It is possible to make your own list of cryptocurrencies that you're looking to invest in and then wait for them to appear.

Arif Efendi The best time to invest is during the weekend, because the majority of institutional investors have shut their positions.

The traditional way of investing requires a broker. Today, buying cryptocurrency can be done from the comfort in your living room.

Which Cryptocurrency Do I need to Buy?
If you visit Coinmarketcap.com, there are many cryptocurrencies available.

My top choice was Solana. POLIS, AVAX and ATLAS were in close proximity.

It's now easier to keep track of your most-loved currencies. Tabtrader allows you to monitor each movement and determine when you need to purchase more.

If you keep your crypto for a lengthy period of time then you can choose to collect airdrops, or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Make sure you use secure passwords to secure your cryptocurrency.

Also, keep your 12-word phrase in mind in case you need to locate your assets in the case of a host device being lost or stolen.

Conclusion
By this, your bank is now your bank. You can make transactions anywhere around the world at any time.


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