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Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi was a businessman and investor who saw that cryptocurrencies were a viable investment asset. In this article, he shares his learnings and experiences.

Arif Efendi Arif Emendi clarifies what the difference is between stocks and Crypto
Understanding the distinction between stock and cryptocurrency is vital if you're an investor, like me. While they have some similarities, they aren't the exact same as stocks.

Arif Efendi Arif Efendi Cryptocurrency is a digital asset or currency whose transactions are recorded and verified through an uncentralized system via cryptography instead of a central authority. On the other hand, stocks, also called equity are securities that represent the ownership of a portion of a business.

With the idea of capital appreciation in mind when buying crypto or stocks, and especially when the price of the asset rises the majority of people will buy both.

What makes people purchase stocks and cryptocurrencies
Stocks are purchased by individuals to be able to vote on the company's decision-making. Arif Efendi Investors can also buy stocks to earn dividends from companies.

It's quite simple to invest your money digitally in stocks and crypto today using the next-generation marketplace as well as numerous mobile investment apps.

It may seem like the same but there are important differences. For example, while the Securities and Exchange Commission regulates the trading of stocks, you can also trade crypto any time of the day directly from your phone or smart device.

You can also trade crypto with cryptocurrency trading pairs, fiats, or crypto.

Trading Crypto vs. Swing Trading
You might be wondering why trading crypto is so profitable in spite of its high volatility.

With a huge market capitalization that is a good indicator of to see a swing of 5-10% in crypto. But, smaller cryptos can reach 10x or more per day.

This is a rare stock.

For instance, if were to have invested $1000 in Solana 1st January 2021 at $1.837 the investment would be worth $182,000 right now at the price of trading of $182.

There is no need to be a bad investor in investing in crypto. Uninitiated investors might be wondering where the money is coming. Regulation of cryptocurrency isn't done by a central institution.

Their value is therefore from the costs of supply and production, as in addition to demand and the rate of adoption.

Understanding the Supply of Cryptocurrency and Demand
It is a common theme in the economics books that when there is greater demand than supply of an asset, the price of it will increase.

For instance when there is an earthquake at a specific location that is prone to earthquakes, the cost of water will increase if the demand for water is not changing. This same economic principle is applicable to cryptocurrency.

We are now in the phase of mass adoption and companies like MicroStrategy as well as Ecuadorean investors, are betting big on cryptocurrency. http://acikerisim.uludag.edu.tr/handle/11452/14743 It's a wonderful moment to live!

Recognize the Volatility Risks
Cryptocurrency's value fluctuates as does the stock market. Many people are eager to invest in crypto and reap 100x profit.

While there isn't any absolute certainty that an asset will continue to be profitable however, it is essential to be aware of when to purchase an asset and sell or take profit.

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

A lot of people working in the cryptocurrency space are anxious. The best time to buy cryptocurrency is in the bear market. The asset is down. When Harry, Dick, or Tom are in panic selling.

The people who are anxious and scared could lose their money. Make a list of the cryptocurrencies you'd like to invest in , and look for the red candles to start appearing.

Another good time to purchase is on weekends, since institutional investors close their trading for the week.

The traditional method of investing requires the services of a broker. Modern crypto buying is accessible from the comfort of your living room.

What Cryptocurrency Should You Buy?
Visit coinmarketcap.com to see the various cryptocurrencies that you can pick from.

My top choice has always been Solana, followed closely by AVAX and POLIS.

It's now simpler to track and monitor your favorite currencies. Tabtrader allows you to monitor each movement, and when you should purchase more.

If you've been holding your cryptocurrency for a while it is possible to either withdraw the cryptocurrency and get airdrops or transfer it into wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect their users.

Also, it is important to save your 12-word phrases to be able to refer to it in the future in case your host device becomes stolen or lost.

Conclusion
All this information makes you your bank. You are able to transact at anytime, anywhere in the world, using all the information you have.




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