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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi who is a successful businessman, and investor, realized that cryptocurrencies have become an investment asset. This article shares his experience and tips.

Arif Efendi explains how Crypto is different from the stock market.
If you're an investor, it's important to know the distinction between stocks and cryptocurrency. Stocks and cryptocurrency have some similarities, but they aren't the same.

Cryptocurrency is a digital asset or currency whose transactions are documented and verified using a decentralized system using cryptography instead of a centralized authority. However, stocks, also called equity are securities that show the ownership of a portion of a business.

When the price of an asset increases both crypto and stocks are bought with the intention of capital appreciation.

Arif Efendi Why Do People Purchase stocks and other cryptocurrencies?
Stocks can also be purchased to influence the company's decisions and votes. Additionally, they invest in stocks to earn dividends which the company pays to its shareholders.

It's simple to invest in stocks and crypto today using the latest market technology and mobile investment apps.

While the process looks similar, there are some significant distinctions. For instance, even though the Securities and Exchange Commission regulates stock, you can trade cryptocurrency at any time throughout the day via your smart phone or smartphone.

Trade crypto with fiats or other trading pairs of crypto.

Trading Crypto vs. Swing Trading
There is a possibility to ask why it's more profitable trading in crypto, despite its fluctuation.

Crypto with large market caps could fluctuate between 5% and 10 percent, while smaller cryptos could reach 10x within a day.

It's not commonplace in stocks.

http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi https://scholar.google.co.id/citations?user=1H3CimcAAAAJ For instance, if had put $1000 into Solana on January 1, 2021, at $1.837 the investment would be valued at $182,000 today at the trading price of $182.

If you're not weak, crypto investment can be very profitable. The money could come from a stranger. Arif Efendi There isn't a central authority that oversees cryptocurrency.

The cost of production, supply, and demand are the primary variables that determine their worth.

Arif Efendi Understanding the Supply and Demand of cryptocurrency
According to economics textbooks, if the demand is greater than the supply, the cost of the asset will go up.

If there's an earthquake at a particular area, the price of water will rise , even if the demand remains static. This economic principle also applies to cryptocurrency.

We are in the phase of mass adoption, and we're witnessing institutional investors like MicroStrategy and a country like Ecuador investing heavily in cryptocurrency. It's an exciting moment to live in the present.

Recognize the Risks of Volatility
The market for cryptocurrency is like market for stocks. Arif Efendi Its value can fluctuate . Many investors want to earn 100x profits by investing in crypto.

Although there isn't a 100% certainty that an asset will continue to be profitable, it is always important to be aware of when to purchase an asset and when to sell it or profit.

Warren Buffet stated, "Be be cautious when other people are greedy and be greedy whenever others are afraid."

Cryptocurrency enthusiasts are usually scared. Bear markets are the most favorable time to make investments in crypto. The asset is down. If Harry, Dick and Tom panic-sell.

People who are anxious and fearful could lose their money. It is possible to make an inventory of the cryptocurrencies you're interested in investing in and wait for them to appear.

Another option to buy is on weekends, since institutional investors shut their trades for the week.

There is a huge shift happening right now from traditional methods of investing that require you to collaborate with a broker. These are modern ones where you can buy crypto in the comfort of your own home.

What Cryptocurrency Should You Buy?
There are many options to choose from when you visit coinsmarketcap.com.

My top choice was Solana. POLIS, AVAX as well as ATLAS were close behind.

It's even easier to monitor and track your preferred currencies. With an app such as Tabtrader You can monitor every swing to know when to buy more or take profits.

If you've held your crypto for a long time it is possible to either withdraw the cryptocurrency and get airdrops or transfer them to wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect them.

It is also important to keep your 12-word phrase in order to recover your asset in case the host device is lost or is stolen.


Conclusion
All this information is your bank. You are able to transact at anytime, anyplace in the world, with everything you own.



Website: https://scholar.google.co.id/citations?user=1H3CimcAAAAJ