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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi is a veteran businessman and investor who realized that cryptocurrency could be a legitimate investment asset. This article shares his experiences and insights.

Arif Efendi discusses why Crypto is different from stocks.
Understanding the distinction between cryptocurrency and stock is vital if you're an investor, like me. Stocks and cryptocurrency have some similarities though they are not identical.

The cryptocurrency is an electronic asset and currency whose transactions have been recorded and verified via a decentralized cryptography. It doesn't rely on a central authority. However stock, also known as equity are securities that show the ownership of a portion of a firm.

Capital appreciation is the primary reason why people buy stocks and crypto. https://www.ketebe.org/sanatkar/bakkal-arif-efendi-170 This is especially the case when the asset holds rises in price.

Why do people buy Stocks and other Cryptocurrencies?
For stocks, people buy shares to influence decisions of the company. They also invest to receive dividends, which the company distributes to their shareholders.

It's easy to invest your money digitally into stocks by using the next-generation platform, as well as other investment applications.

Despite the fact that the process looks similar, there are some significant differences. The Securities and Exchange Commission regulates the trading of stocks. But, trading with crypto is accessible from any smart device or phone anytime.

Trade crypto with fiats , or other trading pairs of crypto.

Arif Efendi Trading Crypto is different from. Swing Trading
You may be wondering why it's more profitable for you to trade crypto, despite volatility.

Cryptos with huge market cap can swing 5% to 10 percent, while smaller ones can go up to 10x in a single day.

This is the truth.

If you had invested $1000 in Solana at $1.837 on January 1, 2021, your investment would be worth $182,000 at the current trading price of $182.

If you're not a weak person cryptocurrency investment could be very profitable. Uninitiated investors might be wondering where the money is coming. There is no central authority that regulates cryptocurrency.

Their value is dependent on the cost of production and consumption, demand and supply acceptance, and the availability of utility exchanges and in utilities.

Understanding the Supply and Demand in Cryptocurrency
It is a common theme in the economics books that if there's more demand than supply for an asset its value will rise.

For instance, a natural disaster can trigger water prices to rise in certain regions. The same economic concept applies for cryptocurrencies.

We are in the mass adoption phase. Institutional investors such as MicroStrategy are investing big in cryptocurrency. Arif Efendi It's an exciting moment to be alive.

It's crucial to know the dangers of volatility
The value of cryptocurrency fluctuates and down as does the stock market. Many people would like to invest in crypto and earn 100x earnings.

While it's not guaranteed that an asset will remain profit-making for the rest of its life, it is important to know when an asset should be purchased and removed from profit or sold.

Arif Efendi Warren Buffet says, "Be afraid if other people become greedy. Be greedy when others are scared."

Most people who work in the cryptocurrency market are scared. The bear market is the most profitable spot to buy cryptocurrency. If the currency is in decline. Every Tom, Dick and Harry is selling in a panic.

The most anxious people could lose their investment if nervous and worried. Make a list of the cryptocurrencies that you want to invest in and then wait for the candle to light up red.

An ideal time to invest is during the weekend, when most institutional investors have closed their trades.

Arif Efendi There is a major shift taking place in the present from traditional investment strategies which require you to work with a broker to modern ones where you can easily buy crypto from the privacy of your own home.

Which Cryptocurrency should I invest in?
If you visit Coinmarketcap.com, there are many cryptocurrencies available.

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

It's now even easier to monitor and track your most-loved currencies. Tabtrader lets you track every move so that you can determine when you should take a profits or invest in more.

If you've been storing your cryptocurrency for some time and you're able to take it and get airdrops. It is also possible to transfer your coins to wallets like Trustwallet or Imtoken and create secure passwords to ensure their security.


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

Conclusion
With all this information, you are your own bank and can transact at any time and wherever you are anywhere in the world.



Here's my website: https://www.amazon.co.uk/Defterin-IֵŸִ±ִŸִ±nda-Selanikli-Mustafa-1852-1941/dp/6052380497