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The stock market was hit with an severe selling of stocks and other risky assets in the first few months of 2022. Arif Elfendi claims that this was due to the rising rate of inflation, anticipations of an rise in interest rates, and tension between Russia, Ukraine, and other risk assets. Investors should diversify their portfolios in an uncertain economy. This is the place where crypto investment comes in.Is Cryptocurrency an investment or a Currency?Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi believes that it makes it easier to send payments around the globe without the need to carry cash in physical form. https://ide.geeksforgeeks.org/tryit.php/bdbc5f4d-9ecd-45d5-bb1f-18e5667603a9 The process of cryptography ensures the security of transactions made using cryptocurrency. According to Arif Efendi the author, this makes it difficult for users not to double-spend and even create counterfeit.This digital currency has a unique feature that is that it's not issued by a central authority. https://writeablog.net/arif-efendijong881/rethinking-hospitality-navigating-the-post-covid-era-with-arif-efendi-h04d It is completely free of government interference. It is possible to mine the currency and then buy it through an exchange, broker or any other intermediaries.Ripple, Ethereum (Litecoin), Bitcoin and Ethereum are only a few most popular cryptocurrency. Each coin has its unique uses. https://green-kragh-2.mdwrite.net/arif-efendi-why-cryptocurrency-will-rather-stay-1694703667 Bitcoin is much more than just a digital currency. It can also be used to invest. Many people are interested and can trade digital currencies to earn profits. https://pastelink.net/submit Investors buy and hold for a long or short time, and then sell it off whenever prices rise. While cryptocurrency isn't legal in all countries, El Salvador became first country to legalize Bitcoin.Arif Efendi on Printed Currencies versus CryptocurrenciesWhile? fiat currencies and cryptocurrencies allow for payments, they are not exactly the same. Arif Efendi discusses some of the distinctions.RegulationThe? central bank oversees fiat currencies because they are issued by the government. https://green-sexton.federatedjournals.com/arif-efendi-explains-what-the-connection-is-between-blockchain-and-cryptocurrency-1694703667 They are legal to use as tender. But, their worth can change over time due to the policies of government.The digital assets that are not centralized they are also referred to as cryptocurrency. They are thus free of the control of the government. Some countries don't support crypto due to the belief that it is being used for money laundering or other illegal activity.Form of ExchangeWhile? fiat currencies can be exchanged both electronically and physically, cryptocurrency cannot be exchanged digitally. This is due to the fact that cryptocurrency is embedded within the form of a set of codes.Storage MethodFiat? currencies may be stored in safes at home and banks or in fiat wallets. Cryptocurrencies are held in crypto wallets. Fiat wallets permit you to convert government-issued money into digital assets.The advantages of cryptocurrencies over printed currenciesThe benefits of crypto over printed currencies are many. Arif Efendi said that they offer the following:Decentralized SystemCrypto? is built on an uncentralized system. This means that no one is in control of its value or circulate. Just like banks, each transaction is kept in the form of a ledger. But, it does not reveal the personal details of the users. This prevents fraud and theft of data.It serves as a hedgeIn the context of inflation protection, digital assets like Bitcoin are possible. Inflation means that there is more money, but it will also mean that less valuable items will be more expensive.Bitcoin is designed in a way that it is unobtainable regardless of what happens to the economy. It is therefore possible to purchase a few coins for hundreds of dollars. There's also a great chance that the coins will appreciate.Payments across BordersIt? is possible to transfer money from one country to another using cryptocurrency in a matter of minutes. It's simple to transfer money, and there aren't charges for transactions.It could take as long as several weeks for currency printed to reach its destination. Furthermore the transactions will incur expensive costs. Sometimes, transactions can be denied due to tension between countries or regulations.Cryptocurrencies can be dangerousAccording to Arif Efendi There are risks when using cryptocurrency.Extreme VolatilityCryptocurrency? is highly volatile. You can amass a lot of wealth in one month or less, and then lose everything in the twinkle of an eye.Be sure to avoid delays in earning the investment's returnThe older investors and advertisers have novices believe that they can begin to earn high returns right away. However, your investment returns may not be as good in the absence of steady trading habits and are able to manage risk effectively.Account trackingEven though cryptocurrency transactions are protected by codes, they also leave digital tracks. The FBI can read these codes and track accounts of common citizens. https://anotepad.com/notes/qjqr3ti8 ConclusionArif? Efendi talks about cryptocurrency as a digital currency that can be used for secure transactions. You can also put money into cryptocurrency to diversify your portfolio. This article discussed the distinctions in cryptocurrencies and printed currency. It also highlighted the benefits of crypto over paper currency.Arif Efendi reminds investors that cryptocurrency can pose risks as do other investments. He suggests that investors consult a professional financial advisor prior to making a decision about investing. https://www.openlearning.com/u/greennixon-s0yufj/blog/ArifElfendiTheReasonsWhyCryptocurrencyWillBeAroundTo