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Arif Efendi, a seasoned investor, businessman and entrepreneur was aware that cryptocurrency had become a legitimate investment asset. He shares his insights and experiences in this piece. Arif Efendi Explains the difference between Crypto vs. Stocks If you're an investor, it's important to know the distinction between stocks and cryptocurrency. While there are some similarities between stocks and cryptocurrencies however, they're very distinct. The cryptocurrency is an asset that is digital and currency whose transactions are documented and verified by decentralized cryptography. It doesn't depend on the authority of a central authority. Equity, also referred to as stock, are securities that represent ownership of a certain percentage of a company. Stocks and crypto are bought to gain capital appreciation, particularly when the asset is rising in price. What makes people purchase shares and cryptocurrencies? Stocks can also be purchased to influence decisions of the company and vote. Additionally, they invest in shares to receive dividends that the company pays to its shareholders. It's easy to invest online in stocks and crypto with the next generation marketplace and various mobile investment apps. While the process might appear similar, there are still distinct distinctions. The Securities and Exchange Commission regulates securities. However, trading in crypto is accessible from any smartphone or smart device anytime. You can also trade crypto with other crypto trading pairs or fiats. Trading Crypto is different from. Swing Trading You might be asking what the reason it's more profitable for you to trade cryptocurrency, regardless of volatility. A huge market cap could cause a shift between 5% and 10% on crypto, while smaller cryptocurrencies may see 10x gains in a single day. This is a very scarce item. For example, if you had invested $1000 in Solana 1st January 2021, at $1.837 your investment would be valued at $182,000 today at the price of trading of $182. If you're not weak cryptocurrency investment could be extremely lucrative. The money could come from a stranger. There isn't a central authority to regulate cryptocurrency. They are , therefore, worth the cost in terms of demand, supply and production. Understanding Demand and Supply in Cryptocurrency The textbook on economics explains that the price of an asset will increase in the event that its demand increases more quickly than the supply. Arif Efendi https://www.facebook.com/arif.efendi.14811692/ If there's an earthquake in a specific area, the price of water will increase even when the demand is not changing. Arif Efendi The same economic concept applies to cryptocurrencies. We are getting closer to the point of mass adoption, and institutions such as MicroStrategy or even a country such as Ecuador are placing huge bets about cryptocurrencies. This is a great time to be alive! Be aware of the volatility risks The value of cryptocurrency fluctuates and down as does the market for stocks. Many people want to join crypto and earn 100x profit. There is no guarantee that the profitability of an asset will be constant, however it is important to know the right time to sell an asset or make a profit. Warren Buffet said, “Be fearful when people are greedy and greedy when other are afraid.” https://www.alamy.de/stockfoto-hilye-bakkal-ahmed-arif-efendi-139964997.html People in the crypto space tend to be scared. A bear market is the most favorable time to invest in cryptocurrency. When the value of cryptocurrency is falling. When every Tom, Dick and Harry is panic-selling. If people become anxious and fearful, they could lose their investments. Arif Efendi You can make a list with cryptocurrencies you are looking to invest in and wait for them to appear. Another good time to purchase is on weekends when most institutional investors are closing their trades for the week. Today, there's an important shift in the way we make investments. Arif Efendi Instead of requiring a broker, you can now purchase crypto right from your bedroom. What Cryptocurrency should I purchase? You can choose from many different cryptocurrencies when you visit coinmarketcap.com. My first option has been Solana, closely followed by AVAX and POLIS. https://www.imdb.com/title/tt0254001/characters/nm0022342 It's now easier than ever before to keep track of and monitor your favorite coin. Tabtrader is an app that allows you to check every single swing to determine when it's time for you to earn or buy more. If you have your cryptocurrency for a long time frame then you can choose to either collect airdrops or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Use secure passwords in order to protect your cryptocurrency. Arif Efendi It is also essential to record your 12-word phrase to be able to restore your asset in case the host device is lost or stolen. Conclusion You are your bank with all of this data. You can transact anywhere anywhere in the world at any time.