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Arif Efendi shares his insight on crypto investments with businessman Arif Efendi

Arif Efendi was a businessman and an investor who recognized that cryptocurrencies could be an investment opportunity. He shares his experiences and lessons learned in this piece.

Arifefendi explains why Crypto is different from stocks
Investors such as myself need to know the difference between stocks and cryptocurrencies. Although they share some similarities, they're not identical to stocks.

The cryptocurrency is an electronic asset and currency whose transactions have been recorded and verified using decentralized cryptography. It doesn't depend on a central authority. Stocks (also known as equity) are securities that demonstrate ownership of a certain portion of a business.

If the value of an asset increases, both stocks and crypto are purchased with the goal of capital appreciation.

What makes people invest in shares and cryptocurrencies?
Arif Efendi Stocks can be bought to influence or vote on company decision-making. Arif Efendi Stockholders can also invest in stocks to earn dividends from companies.

It's easy to invest digitally in crypto and stocks with the next technology marketplace as well as a myriad of mobile investment apps.


Arif Efendi In contrast, the process may look the same however, there are distinct variations. Arif Efendi For instance, even though the Securities and Exchange Commission regulates stocks, you can trade crypto at any time throughout the day via your smart phone or smartphone.

Arif Efendi Trade in crypto using fiats or other trading pairs for crypto.

https://www.alamy.com/stock-photo-hilye-bakkal-ahmed-arif-efendi-139964997.html Trading Crypto and. Swing Trading
There is a possibility to ask what the reason is for trading in crypto, despite its volatility.

A huge market cap could result in a fluctuation of between 5 and 10% on cryptocurrency, while smaller cryptos could see gains of 10x within a single day.

Arif Efendi This is actually a very rare situation in stocks.

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

It can be rewarding , if you're not in a position of weakness. A novice may wonder where the money originated. It's not possible to regulate cryptocurrency through a central agency.

Therefore, their value comes from the costs of production and supply as well as demand and adoption.

Understanding the Supply of Cryptocurrency and Demand
The textbook on economics explains that the price of an asset will increase if its demand grows faster than its supply.

If there's an earthquake in an area where water is available, the cost of the water will increase if there is a demand for it is not. This same principle of economics also applies to cryptocurrency.

We are getting closer to the mass adoption stage and institutional investors such as MicroStrategy or a nation such as Ecuador are betting big on cryptocurrency. It's a wonderful moment to be alive.

Recognize the Risks of Volatility
Just like the stock exchange The value of cryptocurrency changes. Many people want to be adept with crypto and make a hundred times profit.

Although it is highly unlikely that the asset will earn a profit There are instances when it's worth your time to purchase an asset, and then sell it or make a profits.

Warren Buffet once said, "Be fearful of others being greedy and being greedy if others are afraid."

Many people who are in cryptocurrency are worried. The bear market is the ideal place to buy cryptocurrency. If the price of the cryptocurrency is declining. When Harry, Dick, or Tom are panic-selling.

Arif Efendi People who are anxious and fearful could lose their money. Make a list of the cryptos you'd like to invest in, then wait for the candle to light up red.

Another great time to buy is during weekends, as the majority of institutional investors have closed their trades for the week.

There is a huge change taking place right now, from traditional investment methods which require you to work with a broker, to modern ones where you can easily buy crypto from the comfort of your own home.

Which Cryptocurrency Do I need to Buy?
There are a myriad of different cryptocurrencies when you visit coinmarketcap.com.

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

It's now even easier to monitor and track your favorite currencies. Tabtrader allows you to monitor each swing so that you can decide when to profits or invest in more.

If you keep your cryptocurrency for a long period of time then you can choose to either collect airdrops or transfer them into wallets such as Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to secure them.

Keep a copy of your 12-word phrase just in case your host device is stolen or lost.

Conclusion
All this information makes you your own bank and permit you to transact anywhere and anytime you want.



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