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Arif Efendi, a seasoned investor and businessman was aware that cryptocurrency have become an investment asset. This article shares his insights and experiences.

Arif Elfendi discusses the difference between crypto and stocks.

It is crucial to be able to differentiate between cryptocurrency and stock if you are like me, an investor. Arif Efendi Both stocks and cryptocurrency have many similarities, but they aren’t the same.

Cryptocurrency is a type of digital asset or currency that is recorded and verified using a decentralized system via cryptography instead of a central authority. Equity, also referred to as equity, are financial instruments which represent ownership in a part or company.

Stocks and crypto are bought with the intention of capital appreciation, especially when the asset is increasing in value.

Why do people buy cryptocurrency and stocks?

Stocks are bought by investors who purchase shares to influence the company’s decisions. They may also invest in stocks in order to receive dividends from companies.

It’s easy to invest digitally in stocks and crypto currently through the new marketplace and numerous mobile investment apps.

Arif Efendi It may seem like the same but there are significant differences. For instance, while the Securities and Exchange Commission regulates stocks, you can trade crypto at any time throughout the day via your smart phone or smartphone.

You can also trade using crypto trading pairs or fiats.

Arif Efendi Trading Crypto Vs. Swing Trading

There is a possibility to ask what the reason is for trading crypto, despite the high volatility.

A large market cap can cause a shift between 5% and 10% on crypto, while smaller cryptocurrencies can see gains of 10x in a single day.

bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/ Arif Efendi The truth is that this is a rare item in the market.

Here’s an example of this: If you had made a $1000 investment on Solana, it would be worth $182,000 at the trading price of $182.

If you’re not afraid, crypto investment can be very lucrative. Beginners may be wondering where the money originates. There isn’t a central authority that oversees cryptocurrency.

Arif Efendi Their value is therefore dependent on the cost of production, supply and demand, the rate of adoption, as well as the availability of utility exchanges as well as utilities.

Understanding the Supply and Demand of Cryptocurrency

It is a common theme in the textbooks on economics that if there’s more demand than supply of an asset, its value will rise.

In the event of an earthquake in a specific location, the cost of water will increase even if the demand remains static. The same economic principle applies to cryptocurrencies.

We are now in the stage of mass adoption and we’re seeing institutions investors like MicroStrategy as well as a country such as Ecuador betting big on cryptocurrencies. This is an exciting moment to live!

It is crucial to be aware of the dangers of volatility

Cryptocurrency’s value fluctuates just like the stock market. Many people are eager to join the crypto market and make 100x profits.

Although it is unlikely the asset will be profitable however, there are occasions when it’s worth the effort to buy an asset and then sell it or make a profit.

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

Many people who work in the field of cryptocurrency are concerned. The bear market is the most profitable location to purchase cryptocurrency. The asset is down. Every Tom, Dick and Harry is selling in a panic.

The people who are anxious and fearful could lose their money. Create a list of cryptos you’d like to invest in and keep an eye out for red candles.

Another good time to purchase is on weekends when the majority of institutional investors are closing their trades for the week.

We are witnessing a shift away from traditional investing methods in which a broker is required, to modern ways which allow you to purchase crypto at home.

Which Cryptocurrency Should I Buy?

Go to coinmarketcap.com to see a list of cryptocurrencies that you can select from.

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

It’s even easier to keep track of your most-loved currencies. Tabtrader allows you to monitor each movement and decide whether to invest more earn more.

If you have held your cryptocurrency for a period of time then you may either transfer it to receive airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure them.

Additionally, it is essential to save your 12-word phrases for future reference in case your host device gets lost or stolen.

Conclusion

All this information makes you your own bank and permit you to transact anywhere and whenever you’d like.