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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor has realized that cryptocurrency could be an investment tool. He shares his thoughts and lessons learned in this piece.

Arifefendi explains why Crypto differs from Stocks
Understanding the distinction between stock and cryptocurrency is essential if you're an investor like me. Although they share many similarities, stocks and cryptocurrencies differ.

Cryptocurrency refers to the concept of a digital currency that records transactions in a decentralized way using cryptography rather than an official central authority. Stocks (also known as equity) are securities that show ownership of a certain portion of a company.

The majority of people purchase stocks as well as crypto with an eye on capital appreciation particularly when the asset is valued increases in value.


Why do people invest in shares and cryptocurrencies?
Stocks are bought by investors to be able to vote on corporate decisions. Investors can also buy stocks to collect dividends from companies.

It's simple to invest now in stocks and crypto using the new-generation market.

It may seem like identical, however there are significant differences. Arif Efendi The Securities and Exchange Commission regulates securities. However, crypto trading is accessible from any smartphone or smart device at any time.

You can also trade with fiats or crypto trading pairs.

Trading Crypto Vs. Swing Trading
You might be asking yourself why trading crypto is so profitable in spite of its volatile nature.

You can see the 5% to 10 percent change in the price of crypto when it has a large market cap, while smaller cryptocurrencies can achieve 10x on a given day.

Arif Efendi This is actually a very rare situation in stocks.

For example, if you invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837, your investment would now be worth $182,000 at the current trading prices of $182.

You don't have to be a poor investor in investing in crypto. An uninitiated person may be curious about how the money is made. The regulation of cryptocurrency is not controlled by a central authority.

Thus, their value comes in the form of supply and production, as well as demand and adoption.

Understanding Supply and Demand in Cryptocurrency
The textbook in our economics class instructs us that if the demand for an asset rises faster than supply, then the price of the asset will increase.

If there is an earthquake for instance water prices can rise in the event of a shortage. The same economic principle is applicable to cryptocurrencies.

https://find-and-update.company-information.service.gov.uk/company/11319774/filing-history Arif Efendi We are in the phase of mass adoption, and we are seeing institutional investors like MicroStrategy and countries like Ecuador investing heavily in cryptocurrency. It's an exciting moment to be alive.

It's crucial to know the risks of volatility
The price of cryptocurrency fluctuates in the same way as the stock market. Many people wish to be part of crypto and earn 100x profit.

Although there isn't a 100% guarantee that an investment will always be profitable, it is always important to know when to buy an asset, and then sell it to make profits.

Warren Buffet stated, "Be be cautious when other people are greedy, and you should be greedy when people are scared."

Arif Efendi Many people who work in the crypto space are anxious. A bear market is the ideal moment to buy cryptocurrency. If the asset is falling. If every Tom, Dick and Harry is selling in a panic.

If investors feel nervous or scared, they might lose their investments. Arif Efendi Keep track of which cryptocurrencies appeal to you the most and then wait for the red candle to light up.

An ideal time to invest is the weekend, when most institutional investors have closed their positions.

There is a massive shift happening right now from traditional investment strategies that require you to collaborate with a broker. These are newer methods where you can buy crypto in the comfort of your own home.

What Cryptocurrency Should You Purchase?
https://www.linkedin.com/posts/arif-efendi-4a128a3a_blessings-to-everyone-celebrating-activity-7080165988989558784--frJ Go to coinmarketcap.com to see the list of cryptocurrency you can choose from.

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

It is even easier now to keep track of and monitor your most loved coins. Tabtrader allows you to track each swing and determine when you need to purchase more.

If you've held your cryptocurrency for a while it is possible to either withdraw it to receive airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect the security of your crypto.

http://www.checkcompany.co.uk/director/10391833/MR-ARIF-EFENDI It is also important to keep your 12-word phrase so you can restore your valuable asset should your host device gets missing or is stolen.

Conclusion
With all this information, you're now your bank, and can make transactions at any time and wherever you are anywhere in the world.

Arif Efendi

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