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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, an experienced businessman, and investor recognized that cryptocurrencies had become a legitimate investment asset. In this article , he shares his lessons and insights

Arifefendi explains how Crypto differs from Stocks
If you're an investor it's crucial to comprehend the distinction between stocks and cryptocurrency. Stocks and cryptocurrency have some similarities though they are not exactly the same.

Arif Efendi Arif Efendi The cryptocurrency is a digital asset and currency whose transactions have been documented and verified by decentralized cryptography. It doesn't have an authority central to it. Stocks, also known as equity or securities, represent ownership of a certain part of a company.

With capital appreciation in mind, when buying crypto or stocks, and especially when the price of the asset rises individuals tend to purchase them both.

Why Do People Purchase stocks and other cryptocurrencies?
Stocks can be purchased for voting or to influence the company's decisions. Stockholders can also invest in stocks to receive dividend payments from companies.

It's easy to invest your money digitally in stocks and crypto right now using the next-generation marketplace as well as different mobile investment apps.

It might appear to be identical, however there are important differences. The Securities and Exchange Commission regulates stocks. However, trading in crypto can be conducted on any smart device or phone at any time.

It is also possible to trade cryptocurrency in conjunction with other crypto trading pairs and fiats.

Trading Crypto Vs. Swing Trading
You might be asking what the reason it's more profitable for you to trade cryptocurrency, regardless of the risk of volatility.

There is an 5%-10% swing on crypto with the largest market cap even smaller cryptos can reach 10x on a given day.

This is a rare situation in stocks.

You can see an example of this: If you had put $1000 on Solana It would be worth $182,000 at the price of $182.

Crypto investment can be that profitable if you're not in a position of weakness. Beginners may be wondering where the money comes from. It's not possible to regulate cryptocurrency from a central agency.

Arif Efendi They are therefore worth the cost in terms of demand, supply and production.

Understanding the Supply of Cryptocurrency and Demand
From our textbook on economics, we can recall that if the demand for an asset rises higher than supply, the price of that asset will rise.

If there's an earthquake at a place where water is available, the cost of the water will increase if there is a demand for it isn't. Arif Efendi The same economic principle applies to cryptocurrency.


We are moving into the phase of mass adoption and companies like MicroStrategy and MicroStrategy, and Ecuadorean investors, are betting big on cryptocurrency. Arif Efendi It's an exciting moment to live in the present.

https://www.imdb.com/title/tt0254001/characters/nm0022342 Recognize Volatility Risks
The value of crypto goes up and down as does the market for stocks. Many want to be part of the crypto market and earn a 100x profit.

Although there isn't a 100% guarantee that an asset will be profitable for a long time however, it is essential to know when to buy an asset and when to sell it or take profit.

Warren Buffet once said, "Be fearful of others being greedy and being greedy when others are scared."

The majority of people who invest in cryptocurrency are worried. Bear markets are the ideal location to purchase cryptocurrency. If the asset is falling. If Harry, Dick, or Tom are panic-selling.

If investors are anxious or scared, they may lose their assets. Create a list of cryptocurrency you would like to invest in, then wait for the candle to light up red.

Arif Efendi Another good time to invest is on weekends when the majority of institutions are closing their trades.

Right now, we are witnessing a major shift away from traditional methods of investing, in which you need a broker, to a more modern method, where you can purchase cryptocurrency from the comfort of your home.

What Cryptocurrency Do I Need to Purchase?
There are many options to choose from to choose from when you go to coinsmarketcap.com.

My top pick was Solana. POLIS, AVAX as well as ATLAS were right behind.

Now , it's simpler to track and monitor your most loved coins. Tabtrader is an application that lets you monitor every move and determine when it's time to make a profit or buy more.

If you are holding your cryptocurrency for an extended period of time, you could use it to collect airdrops or transfer your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and then use secure passwords to protect your coins.

It is also important to save your 12-word phrases to refer to in the event that your host device is stolen or lost.

Conclusion
With all of this information, you're now your own bank and are able to transact anytime and wherever you are anywhere in the world.



My Website: http://acikerisim.uludag.edu.tr/handle/11452/14743