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Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi, a successful entrepreneur and investor has realized that cryptocurrencies could be an investment tool. This article shares his insights and experiences.

Arif Efendi explains why Crypto is different from the stock market.
An investor like myself needs to understand the differences between cryptocurrency, stocks, and other investment options. The two have a lot of similarities but they are not the same.

A cryptocurrency is a type of digital currency , or an asset whose transactions can be verified and recorded by an independent system through cryptography . This is in place of an authority that is centralized. Stocks (also called equity) are securities that prove ownership of a specific part of a company.

With the thought of capital appreciation in mind when purchasing stocks or crypto, particularly when the price of the asset rises individuals tend to purchase them both.

Why people buy cryptocurrency and stocks
Stocks are bought by investors who vote on company decisions. They can also invest in stocks in order to receive dividends from the company.

It's simple to invest in stocks and crypto digitally right now using the market of the future and other apps for mobile investments.

The procedure may appear similar however there are some notable variations. You can trade crypto at any time of the day regardless of whether or not you are regulated by the Securities and Exchange Commission regulates the stock market.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto Vs. Swing Trading
You might be asking why it's more profitable for you to invest in crypto, despite volatility.

Large market cap cryptos may be able to fluctuate between 5% to 10 percent. Smaller cryptocurrency, however, may grow 10 times every day.

This is actually a very uncommon situation in stock.

If you invested $1000 in Solana at $1.837 1st January 2021, your stake would have been worth $182,000 at today's market price of $182.

You don't have to be a weak investor in investing in crypto. Arif Efendi Anyone who is not familiar with the subject may wonder where the money is coming from. There is no central authority that regulates cryptocurrency.

https://www.i-hire.ca/author/Arif.Efendiwjsj766/ Therefore, their value stems from the cost of production, supply, demand, adoption, and availability on exchanges and utilities.

Understanding Demand and Supply in Cryptocurrency
In our economics textbook we can recall that if demand for an asset goes up faster than the supply, the cost of the asset will rise.

Arif Efendi If there is an earthquake that strikes a certain location, the cost of water will increase even if the demand remains static. This same economic principle is applicable to cryptocurrency.

We are nearing the mass adoption stage and institutions such as MicroStrategy or even a country like Ecuador are placing huge bets on cryptocurrencies. It's a great moment to live in the present.

Recognize the Risks of Volatility
The value of crypto currency fluctuates just like the stock market. A lot of people want to invest in crypto to achieve 100x returns.

Although it is not certain that an asset will be profitable forever it is essential to understand when an asset should be bought and removed from profit or sold.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Be greedy if others are scared."

Arif Efendi A majority of those working in the crypto market are scared. Bear markets are the most profitable location to purchase cryptocurrency. When the price of cryptocurrency falls. When Harry, Dick and Tom panic-sell.

Arif Efendi People who are worried and worried could end up losing their wealth. Be aware of which cryptocurrency appeal to you the most and watch for the candle in red to start to burn.

Another great time to buy is during the weekend when the majority of institutional investors have closed their trades for the week.

There is a massive shift taking place in the present from traditional investment methods where you need to work with a broker. These are newer methods where you can buy crypto in the privacy of your home.

What Cryptocurrency should I invest in?
There are a variety of cryptocurrencies to select from if you check coinmarketcap.com.

Arif Efendi My top choice was Solana. http://rutelochki.ru/user/Arif-Efendirkck533/ POLIS, AVAX and ATLAS were in close proximity.

It's also easier to monitor and track your most loved coins. With an application like Tabtrader You can monitor every swing to know when to purchase more coins or make profits.

Arif Efendi If you've been holding your cryptocurrency for a lengthy time, you may be able to take it and collect airdrops, or transfer your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and make sure you use secure passwords to secure them.

You should also keep your 12-word phrase in case your host device is stolen or lost.

Conclusion
All this information makes you your bank account and enable you to transact anywhere and whenever you'd like.


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