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

Arifefendi explains how Crypto is different from stocks

Investors like me need to know the differences between cryptocurrency, stocks, and other investments. Stocks and cryptocurrencies share many similarities, but they aren’t exactly the same.

Cryptocurrency, a type of digital asset that is used to record and verify transactions, uses cryptography as an alternative to an authority central to. Arif Efendi Stocks, also called equity or securities, represent ownership of a certain part of a company.

With the thought of capital appreciation in mind, when buying crypto or stocks, especially when prices rise the majority of people will buy both.

Why people Buy stocks and cryptocurrencies

Stocks are bought to vote or influence company decision-making. They can also invest in stocks to earn dividends from companies.

Arif Efendi It’s very easy today to invest in shares and crypto using the new-generation market.

Despite the fact that the process looks similar but there are some important distinctions. You can trade cryptocurrency anytime you’d like, even though the Securities and Exchange Commission regulates the stock market.

Trade crypto with fiats , or other crypto trading pairs.

Trading Crypto vs. Swing Trading

You might be asking yourself what the reason it’s more profitable to trade cryptocurrency, regardless of the risk of volatility.

You can see an 5%-10% swing on crypto with the largest market cap and smaller cryptocurrencies could reach 10x per day.

This is a very scarce item.

For example, if you were to have invested $1000 in Solana 1st January 2021, at $1.837 your investment would be worth $182,000 right now at the trading price of $182.

It’s not necessary to be a weak investor in crypto investing. Anyone who is not familiar with the subject may wonder where the money is coming from. Arif Efendi Cryptocurrency is not regulated by any central authority.

Their value is therefore down to the cost of supply and production, as well as demand and adoption.

Understanding Demand and Supply in Cryptocurrency

In our economics textbook we are able to recall that if demand for an asset goes up faster than the supply, the price of the asset will rise.

In the event of an earthquake in a specific location, the cost of water will rise even when the demand is not changing. This economic principle also is applicable to crypto.

We are nearing the phase of mass adoption. This is when we witness institutional investors like MicroStrategy and countries like Ecuador placing huge bets on crypto. It is an exciting moment in the world of cryptocurrency.

It’s important to understand the risk of volatility

The market for cryptocurrency is similar to stock market. Its value can fluctuate . Many people want to be crypto-savvy and make 100x profit.

While there isn’t any absolute assurance that an investment will be profitable for a long time It is vital to be aware of when to purchase an asset and sell or make profits.

According to Warren Buffet, “Be fearful when others are greedy and be greedy when others are afraid.”

thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/ Many people who work in the field of cryptocurrency are anxious. The bear market is the best time to invest in crypto. The price of cryptocurrency is falling. Arif Efendi Panic-selling is when there are none of Harry, Dick or Tom.

If people feel anxious or fearful, they could lose their holdings. Have a list of cryptocurrencies you’d like to invest in and wait for the red candles to start appearing.

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

Traditional investment requires the services of a broker. The modern way of buying crypto is accessible from the comfort in your living room.

Which Cryptocurrency should I buy?

Check coinmarketcap.com to see the various cryptocurrencies you can choose from.

My top option has been Solana, closely followed by AVAX and POLIS.

It’s now even easier to keep track of your favorite currencies. With an app such as Tabtrader, you check each time you swing and can determine when to buy more or take profits.

If your cryptocurrency was stored for a long time, it is possible to collect airdrops and move the coins into accounts. Trustwallet. Imtoken. Myetherwallet.

Keep your 12-word phrase in mind in case you need to locate your asset in the scenario of the host device being lost or stolen.

Conclusion

With all this details, you’re your bank, and you can make transactions at any time and from any location in the world.