Notes

ARIF EFENDI explains why CRYPTO INVESTMENTS ARE LEADING THE market

In the beginning of 2022 there was an major sell-off in stocks and risk assets. Arif Effendi believes that this is because of growing inflation rate and fears of an interest rate rise. In a volatile economy, investors have to diversify their portfolios. https://www.sosyalarastirmalar.com/abstract/risala-fi-hased-work-of-kadizade-mehmed-arif-efendi-and-its-analysis-of-contents-73091.html This is the place where crypto investing can help.

Is Cryptocurrency an asset or a form of Investment?
Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi believes that it will make it easier to transfer money around the globe without having to carry or change physical cash.

http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi Cryptocurrency transactions are protected with a method referred to as cryptography. It prevents double-spend, or make a fake, as per Arif Efendi.

This digital currency comes with an unique characteristic that it's not issued centrally. Therefore, it is free of government interference. You can mine the currency yourself, or purchase it at an exchange or a broker.

Ripple, Ethereum, Litecoin and Bitcoin are among the most well-known cryptocurrency. Every coin has its own use.

Apart from being a payment currency, cryptocurrency is also an investment choice. Many people are interested to trade digital coins for profit. Investors may buy digital coins, keep them for a time or even sell them when their price rises. While cryptocurrency isn't legal in all countries, El Salvador became the first country to allow Bitcoin.

Arif Efendi on Printed Currencies versus Cryptocurrencies
Although cryptocurrencies and fiat currency can both be used to facilitate payments however, they don't work exactly the same. Arif Efendi has a look at some of their differences.

Regulation
Because fiat currencies are regulated and issued by central banks, they are able to be used as legal tender. They also have legal to use as a tender. They can be affected by government policies over time.

Cryptocurrencies are digital currencies that are decentralized. Because they are decentralized digital assets, they are able to be used without the consent of the government. Some countries don't support crypto because they believe it is being used for money laundering, or any other unlawful activity.

Form of Exchange
Fift currency can be exchanged either electronically or physically. The currency can, however be exchanged digitally. Because the currency is embedded by a series code, it can't be exchanged in physical or electronic form.

Storage Method
Fiat currencies are stored in safes at home, banks, or fiat wallets. Cryptocurrencies are stored in crypto wallets. Fiat wallets can also be utilized to convert government issued currencies into digital assets.

Benefits of Cryptocurrencies over Print Currencies
The advantages of cryptocurrency over printed currencies. Arif Efendi stated that the following benefits:

Decentralized System
Crypto is an uncontrolled system. It is impossible to regulate its circulation or value. Every transaction is recorded in an account, similar to what banks keep track of transactions. However, it does not divulge the personal information of the users. This helps prevent the theft of personal data and fraud.

Can be used as a hedge
You can hedge against the effects of inflation using digital assets like Bitcoin. Inflation could result in more money being put into circulation, but also less expensive prices for the items in short supply.

Arif Efendi Arif Efendi Bitcoin is designed to be unaffected by any changes in the economy. Many people will be able purchase bitcoins with thousands of dollars. There's also a high possibility that these coins will appreciate.


Payments across Borders
It is possible to transfer money from one country to another by using cryptocurrency in just a few minutes. Costs for transactions are low, and the process is straightforward.

It can take a few weeks or days for printed currency to reach the recipient. And the fees for transactions like these are astronomical. Some transactions will be rejected due to conflicts between different countries, laws or sanctions.

Cryptocurrencies The Risks
Arif Efendi has a list of the potential risks associated with using cryptocurrency.

Extreme Volatility
Cryptocurrency is extremely volatile. It is possible to build a substantial amount of fortune in just a few months only to lose it all within a day.

Inability to earn a return on Investment
Investors of older age and advertisers think that novice investors can make high-quality returns in only a couple of hours. In reality, it is possible to earn less from your investments if there has been consistent trading throughout the years and you've taken care of your risks.

Account Monitoring
Cryptocurrency transactions are encrypted with codes, but they leave digital footprints. The FBI can decipher these codes and track accounts of common citizens.

Conclusion
Arif Elfendi talks about cryptocurrency, a digital asset which can be used to secure transactions. You can also consider investing in cryptocurrency to diversify your portfolio. This article discussed the distinctions in printed currency and cryptocurrencies. It also highlighted the advantages of crypto money over paper currency.

Arif Efendi reminds investors that cryptocurrency is not without risk as do other investments. He suggests that investors consult a professional financial advisor prior to investing.

Arif Efendi

Homepage: https://www.ketebe.org/sanatkar/bakkal-arif-efendi-170