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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi is an experienced investor and businessman who realised that cryptocurrency was an acceptable investment option. He shares his thoughts and lessons learned in this piece.

Arif Elfendi explains the differences between stocks and crypto
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor, like me. Cryptocurrencies and stocks share some similarities, but they aren't identical.

The cryptocurrency is a digital asset and currency whose transactions have been documented and verified by decentralized cryptography. Arif Efendi It does not depend on the authority of a central authority. In contrast the stocks, which are also referred to as equity are securities that represent the ownership of a portion of a business.

Stocks and crypto with capital appreciation in mind, especially when the asset held rises in prices.

Arif Efendi Why people buy stocks and cryptocurrencies
Stocks are bought by people to vote for company decision-making. Investors also buy stocks for dividends, which the company pays to shareholders.

It is quite easy to invest in digital stocks and crypto right now with the next-generation marketplace and different mobile investment apps.

It may seem like similar, but there are important differences. For example, although the Securities and Exchange Commission regulates stock, you can trade cryptocurrency at any time of the day using your smartphone or smart phone.

You are also able to trade crypto with other trading pairs of crypto or fiats.

Trading Crypto is different from. https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=845&Itemid=105 Swing Trading
You may be wondering why trading crypto is more profitable, despite the its volatility.

It is possible to see an 5%-10 percent swing in cryptos with a large market cap, while smaller cryptocurrencies can achieve 10x per day.

This is the truth.

It is possible to see an example of this: If you had put $1000 on Solana the stock, it is worth $182,000 today at the $182 trading price.

It is extremely rewarding investing in crypto, if you're not a weak player. The money may come from a person who is not your own. The regulation of cryptocurrency isn't controlled by a central authority.

Arif Efendi Their value is therefore from the costs of supply and production as well as demand and adoption.

Understanding Demand and Supply in Cryptocurrency
According to the textbooks of economics If the demand is greater than the supply, then the price of the asset will rise.

If there's an earthquake in the area where water is available, the cost of the water will increase if there is a demand for it is not. The same principle of economics applies to cryptocurrency as well.

We are now in the stage of mass adoption, and institutions like MicroStrategy, as well as Ecuadorean investors, are betting big on cryptocurrency. This is an exciting moment to live!

Recognize the Risks of Volatility
Just like the stock market the value of cryptocurrency fluctuates. Many people would like to get into crypto and reap 100x profit.

Although it is unlikely the asset will earn a profit There are occasions when it's worthwhile to invest in an asset and then sell it or take profit.

Warren Buffet stated, "Be be cautious when other people are greedy and be greedy whenever others are afraid."

Many people who are in cryptocurrency are worried. The bear market is the best spot to buy cryptocurrency. If the price of the cryptocurrency is declining. Arif Efendi Panic-selling happens when every Harry, Dick, and Tom is going down.

If people feel anxious or scared, they may lose their assets. Have a list of cryptocurrencies you would prefer to invest in and wait for the red candles to show up.

Another good time to purchase is during weekends, as institutional investors shut their trading for the week.

Arif Efendi In the present, we are experiencing a huge shift from traditional methods of investing, where you need a broker, to a modern way, which allows you to buy crypto from the comfort of your own home.

Should I Buy an Cryptocurrency?
Go to coinmarketcap.com to see the list of cryptocurrency you can choose from.

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

It is even easier now to monitor and track your favorite coins. Tabtrader lets you monitor each movement and decide the best time to invest or gain.

If you've been holding onto your cryptocurrency for a long time and you're able to use it and receive airdrops. It is also possible to transfer them to wallets such Trustwallet or Imtoken and set up secure passwords to keep them safe.


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

Conclusion
You are your bank with all of this data. Make transactions wherever you are anywhere in the world at any time.



Read More: https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/