Notes

Arif Efendi shares his insight on the subject of Crypto Investments with businessman Arif Efendi

Arif Efendi was an investor and businessman who saw that cryptocurrencies were an investment option that was viable. He shares his experiences and lessons learned in this piece.

Arifefendi explains how Crypto differs from Stocks
Investors like me must be aware of the distinction between stocks and cryptocurrency. Although they share several similarities, stocks and cryptocurrencies differ.

Cryptocurrency is the concept of a digital currency whose transactions are recorded by a decentralized system using cryptography rather than an authority central. Stocks, also known equity are securities that signify ownership of a portion of a corporation.

Capital appreciation is one of the main motive for investors to buy stocks and crypto. This is particularly true when the asset holds rises in price.

What makes people purchase stocks and cryptocurrencies
Stocks are purchased by shareholders to vote for company decision-making. Investors can also buy stocks to receive dividends.

It's easy today to invest into stocks and crypto using the new-generation market.

Although the process might look similar, there are many distinctions. It is possible to trade cryptocurrency at any time you want, even when the Securities and Exchange Commission regulates the trading of stocks.

Trade crypto with fiats or other trading pairs for crypto.

Trading Crypto vs. Swing Trading
Now you may wonder what the reason it's better to invest in trading cryptocurrency despite the risk of.

A high market cap can cause a shift between 5 and 10% for cryptocurrency, while smaller cryptos could see gains of 10x within the span of a single day.

It's the truth.

If you had invested $1000 in Solana at $1.837 1st January 2021 the investment would be worth $182,000 at the current market price of $182.

If you have a strong foot, investing in crypto can yield a lot of rewards. For those who are new, it is possible to be unclear what the source of the cash was. No central institution regulates cryptocurrency.

They are therefore worth their price in terms of supply, demand, production, adoption, accessibility on exchanges, utility, and availability.

Understanding Supply and Demand in Cryptocurrency
According to the textbook on economics If the demand is greater than the supply, the asset's value will increase.

For instance, if there is an earthquake at a specific location, the price of water will rise if demand is static. This same economic principle applies to cryptocurrency.

We are getting closer to the stage of mass adoption and institutional investors such as MicroStrategy or even a country like Ecuador are betting big on cryptocurrency. It's a wonderful time to be alive.

It is important to be aware of the dangers of involatilty
The cryptocurrency market works similar to the stock market. Its value can fluctuate . Many people would like to become cryptocurrency-savvy and earn a 100x profit.

Although there isn't a 100% certainty that an asset will continue to be profitable, it is always important to be aware of when to purchase an asset and when to sell it or make profits.

Warren Buffet says, "Be scared of greed when other people are afraid of you."

Many people in the crypto industry are scared. The ideal time to purchase cryptocurrency is in the bear market. If the value of the currency drops. Panic-selling happens when every Harry, Dick, and Tom is going down.

People who are worried and scared could lose their assets. Create a list to identify the cryptocurrencies you want to invest in, and then just wait for the flames of red to light up.

A weekend is a great opportunity to purchase, since the majority of institutional investors will close their positions for the week.

We are witnessing a shift from traditional investing methods that require a broker to be mandatory, to newer methods, where you can buy crypto at home.

Should I Purchase an Cryptocurrency?
There are a variety of cryptocurrencies to select from if you visit coinmarketcap.com.

My personal favorite was Solana. It was followed by VAX, POLIS, and ATLAS.

It's now simpler than ever before to keep track of and monitor your preferred currency. Tabtrader allows you to monitor every single swing and determine whether you need to purchase more or profit.

If you have your crypto for a lengthy period of time You have the option to either collect airdrops or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Use secure passwords to safeguard your cryptocurrency.

Also, keep your 12-word phrase in mind so that you can retrieve your assets in the case of a host device being stolen or lost.

Conclusion
All this information makes you your own bank and permit you to transact anywhere and anytime you want.

It's possible that you could be able to make enough money to support your most loved charity .

You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo


Here's my website: https://www.amazon.com/Bir-Defterin-Isiginda-Selanikli-1852-1941/dp/6052380497