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Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi, a successful businessman and investor, realized that cryptocurrencies could be a legitimate investment tool. He shares his experiences and lessons learned in this piece.

Arifefendi explains how Crypto differs from Stocks
Investors such as myself need to know the difference between stock and cryptocurrency. The two have a few similarities, but they aren't exactly the same.

Arif Efendi Cryptocurrency, a digital asset which can be used to keep track of transactions and to verify them employs cryptography as an alternative to a central authority. Stocks, also known equity are securities that are the ownership of a part of a business.

When the price of an asset rises, both stocks and crypto are purchased with the goal of capital appreciation.

Why Do People Purchase Stocks and Cryptocurrencies?
Stocks are bought by people who vote on company decisions. Arif Efendi They may also invest in stocks to collect dividends from companies.

It is easy to invest digitally in crypto and stocks through the new technology marketplace as well as a myriad of mobile investment apps.

It may seem like the same but there are significant differences. Cryptocurrency trading can be done anytime of the day regardless of whether you are regulated by the Securities and Exchange Commission regulates the stock market.

You can also trade crypto using crypto trading pairs, fiats or crypto.

Trading Crypto is different from. Swing Trading
Now you may wonder why it's more profitable to trade crypto despite the risk of.

https://london-post.co.uk/arif-efendi-suspects-theres-plenty-more-to-come-from-lionel-messi-at-psg/ With a substantial market capitalization is expected to see to see a swing of 5-10% in crypto. However, smaller cryptocurrency can reach 10x or more every day.

It's not a common stock.

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

It's not necessary to be a poor investor to invest in crypto. A novice may wonder where the money came from. It is not controlled by any central authority.

Thus, their value comes from the costs of production and supply as well as the demand and acceptance.

Understanding Demand and Supply in Cryptocurrency
In our economics textbook we know that if demand for an asset goes higher than supply, the cost of that asset will increase.

If there's an earthquake in a place, the water price will rise if the demand for it is not. The same economic concept applies for cryptocurrencies.

We are nearing the stage of mass adoption and institutions such as MicroStrategy or even a country like Ecuador are betting big about crypto. It's an exciting moment to be alive.

Arif Efendi Be aware of the volatility risks
Cryptocurrency's value fluctuates like the market for stocks. Many want to be part of crypto and make 100x profits.

Arif Efendi Although it is not certain that an asset will be 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.

Warren Buffet said, "Be scared when you see others being greedy and greedy when other are afraid."

Many people who work in the crypto space are concerned. Arif Efendi A bear market is the ideal moment to buy cryptocurrency. If the price of the cryptocurrency is declining. Panic-selling happens when there's no Harry, Dick or Tom.

Arif Efendi If people feel anxious or scared, they might lose their assets. Make a list of the cryptocurrency you would like to invest in and keep an eye out for candle to light up red.

Another good time to purchase is during the weekend as the majority of institutional investors have closed their trades for the week.

The traditional way of investing requires the services of a broker. Today, buying cryptocurrency is possible from the convenience of your living room.

Should I Buy an Cryptocurrency?
You can pick from a variety of cryptocurrencies if you visit coinmarketcap.com.

My favorite option has been Solana which is followed closely by AVAX and POLIS.

It's now easier to monitor and track your favorite currencies. Tabtrader lets you monitor every step so that you are able to determine when you should take a profits or purchase more.

If you've held your cryptocurrency for a while, you can either take it to receive airdrops or transfer it into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to protect the security of your crypto.

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

Conclusion

All this information is your bank. https://kemenag.go.id/author/m-arif-efendi You are able to transact at anytime, anyplace in the world, using all you have.



Website: https://www.tiktok.com/@arifarifsaja/video/7327822951607307527