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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi is a veteran businessman and investor who realized that cryptocurrency could be a legitimate investment option. Here are his observations and lessons.

Arifefendi discusses how Crypto is different from stocks
Understanding the distinction between stocks and cryptocurrency is essential if you're an investor like me. Stocks and cryptocurrencies share many similarities, but they aren't exactly the same.

Cryptocurrency refers to an electronic currency which is backed by a decentralized system using cryptography instead of an authority central to. Equity, also referred to as stock are securities that signify ownership of a portion of a corporation.

The majority of people purchase stocks as well as crypto with capital appreciation in mind, especially when the asset held rises in prices.

Why do people buy Stocks and other Cryptocurrencies?
Stocks can also be purchased to influence decisions of the company and votes. They also invest to receive dividends, which the company distributes to its shareholders.

It's easy to invest your money digitally in crypto and stocks right now through the new marketplace and numerous mobile investment apps.

The process may appear similar, but there are some important distinctions. Cryptocurrency trading can be done at any hour of the day, regardless of whether you are regulated by the Securities and Exchange Commission regulates the stock market.

http://abrek.org/user/Arif-Efendirtiu893/ You are also able to trade crypto with other crypto trading pairs or fiats.

Trading Crypto is different from. Swing Trading
It is possible to ask what the reason it's better to invest in trading crypto regardless of the volatility.

https://escatter11.fullerton.edu/nfs/show_user.php?userid=5232736 With a large market capital that is a good indicator of to see a swing of 5-10% in crypto. But, smaller cryptos might be able to achieve 10x or higher every day.

This is a uncommon situation in stock.

If you invested $1000 in Solana at $1.837 1st January 2021 the stake would have been worth $182,000 at today's price of $182.

There is no need to be a poor investor in crypto investing. A novice may wonder where the money is coming from. It's impossible to regulate cryptocurrency through an authoritative central authority.

Their value is therefore determined by the costs of production as well as demand and supply acceptance, and the availability on exchanges for utilities as well as utilities.

Understanding Supply and Demand in Cryptocurrency
Our economics textbook instructs us that if demand for an asset increases more quickly than supply, the cost of the asset will go up.

If there is an earthquake that strikes a certain location, the cost of water will increase even if the demand remains static. The same economic principle applies to cryptocurrency as well.

We are getting closer to the stage of mass adoption. We witness institutional investors like MicroStrategy and countries such as Ecuador making big bets on cryptocurrency. It is an exciting moment in the world of cryptocurrency.

It's crucial to know the dangers of volatility
The price of cryptocurrency fluctuates in the same way as the market for stocks. Many investors want to earn 100x profit by investing in crypto.

Although it is highly unlikely that the asset will earn a profit however, there are instances when it's worth the effort to buy an asset and then either sell it or profit.

Arif Efendi Warren Buffet stated, "Be cautious when you see others being greedy and be greedy whenever people are scared."

A majority of those working in the crypto market are scared. A bear market is the ideal moment to buy crypto. When the asset is declining. If Harry, Dick, or Tom are panic-selling.

Arif Efendi If individuals become stressed and afraid, they may lose their holdings. It is possible to make an inventory of the cryptocurrencies you are looking to invest in and wait for them to appear.

Another excellent time to buy is during the weekend when most institutional investors have closed their trading for the week.

There is a shift from traditional investing methods, where a broker is mandatory, to newer methods which allow you to purchase cryptocurrency from the comfort of your home.

What Cryptocurrency Should I Buy?
Arif Efendi There are a lot of options available when you visit coinsmarketcap.com.

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

It's now easier to keep track of your favorite currencies. Tabtrader is an application that allows you to check every swing and see when it's time to profit or purchase more.

If you have held your cryptocurrency for an extended period of time, you could use it to collect airdrops or transfer the coins into wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to safeguard the coins.

It is also important to save your 12-word phrases to be able to refer to it in the future in case your host device gets stolen or lost.

Conclusion
You are your bank with all of this information. You can transact anywhere in the world anytime.


Here's my website: http://abrek.org/user/Arif-Efendirtiu893/