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Arif Efendi is a veteran investor and businessman who realised that cryptocurrency could be a legitimate investment option. In this article he shares his lessons and insights

Arif Efendi Explains the difference between Crypto vs. Stocks If you're an investor, it is important to understand the differences between stock and cryptocurrency. https://te.legra.ph/Businessman-Arif-Efendi-on-Crypto-Investment-10-11-7 Stocks and cryptocurrencies share many similarities but they are not identical.

Cryptocurrency, a type of digital asset that is used to store and verify transactions employs cryptography as an alternative to the central authority. However the stocks, which are also referred to as equity, are securities that depict ownership of a particular part of a firm.

People buy both stocks and crypto with capital appreciation in mind particularly when the asset that is being held increases in price.

Why Do People Purchase stocks and cryptocurrencies? Stocks are also able to be bought to influence the company's decisions and votes. Additionally, they invest in stocks to earn dividends which the company distributes to their shareholders.

It's simple to invest now in stocks and crypto with the latest-generation marketplace.

https://etextpad.com/ It may seem like similar, but there are important differences. You can trade crypto anytime of the day, regardless of whether the Securities and Exchange Commission regulates the crypto stocks.

Trade crypto with fiats or other trading pairs of crypto.

Trading Crypto and. Swing Trading There is a possibility to ask why it's more profitable trading cryptocurrency, despite the fluctuation.

Market caps for crypto with large size can swing 5% to 10%, while smaller cryptos can reach 10x in one day.

https://fog-crawford.mdwrite.net/rethinking-hospitality-navigating-the-post-covid-era-with-arif-efendi-1697007779 This is extremely rare in stock.

For example, if you had made $1000 in Solana's Solana stock on January 1, 2021 for $1.837 Your investment is now worth $182,000 at the current price of trading at $182.

It can be very rewarding to invest in crypto, if you don't have weak hands. Beginners may be wondering where the money comes from. There isn't a central authority to regulate cryptocurrency.

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

Understanding the Demand and Supply in cryptocurrency According to economics textbooks If the demand is greater than supply, the cost of the asset will go up.

In the event of an earthquake, for example water prices can rise when demand is low. This same economic principle applies to cryptocurrency.

We are now at the point of mass adoption. Institutional investors like MicroStrategy? are investing big in cryptocurrency. This is an exciting time to live!

https://rentry.co/57ka4 It is important to recognize the risks of volatility

Similar to the stock market The value of cryptocurrency changes. Many want to join crypto and earn 100x profit.

Although there isn't a 100% certainty that an asset will continue to be profitable, it is always important to know when to buy an asset, and then sell it to profit.

https://arif-efendiyoys538.bloggersdelight.dk/2023/10/11/arif-efendi-explains-blockchains-relationship-to-cryptocurrency/ Warren Buffet said, "Be fearful when people are greedy , and be greedy when others are scared."

Many people in the cryptocurrency space are fearful. The bear markets are among the best times to invest in crypto. When the price of cryptocurrency is falling. When Harry, Dick and Tom panic-sell.

The most anxious people could lose their investment if worried and anxious. Create a list to identify cryptocurrency you would like to invest and wait for candles to light red.

The best investment time is during the weekend, as the majority of institutional investors have shut their positions.

There is a shift from traditional investing methods in which a broker is mandatory, to newer methods that allow you to buy cryptocurrency from the comfort of your home.

Should I Buy an Cryptocurrency? If you visit Coinmarketcap.com, there are many cryptocurrencies available.

My most-loved pick has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.

It's now simpler to track and monitor your favorite currencies. Tabtrader makes it easy to track each swing, and when you should purchase more.

If you are holding your cryptocurrency for a long time, you can use it to collect airdrops or move them to wallets like Trustwallet, Imtoken or Myetherwallet and then use secure passwords to secure the coins.

It is also important to keep your 12-word phrase to be able to restore your asset in case your host device goes missing or is stolen.

Conclusion With this information, your bank is your bank. You can conduct transactions anywhere around the world at any time.