Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is a seasoned investor and businessman who realized that cryptocurrency was an investment option. He shares his insights and lessons learned in this piece.

https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/ discusses the distinctions between crypto and stocks.
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor like me. While they have some similarities, they aren't exactly the same as stocks.

Cryptocurrency is a digital currency whose transactions are recorded through a decentralized system using cryptography rather than a central authority. However the stocks, which are also referred to as equity are securities that represent ownership of a part of a company.

When the cost of an asset increases, both stocks and crypto are purchased with capital appreciation.

What are the reasons people invest in cryptocurrencies and stocks?
Stockholders purchase stock to vote, and they have an impact on company decisions. They also purchase shares to receive dividends that the company pays to its shareholders.

It is very easy to invest digitally in both stocks and crypto using the latest technology marketplace as well as a myriad of investment apps that are mobile-friendly.

The process may look the same, but there are still some notable distinctions. You can trade cryptocurrency any time you'd like, 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
You can ask what the reason is for why trading cryptocurrency despite its volatility is more profitable.

A huge market cap could cause a shift between 5 and 10% in cryptocurrency, while smaller cryptos could see gains of 10x in just a few hours.

It's the truth.

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

It can be profitable if you're not a weak hand. For those who are new, it is possible to be unclear which source of the money. There is no central authority that oversees cryptocurrency.

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

Understanding the Supply & Demand in cryptocurrency
According to the textbook on economics, if the demand is greater than the supply, the asset's value will increase.

For example, the price of water are likely to rise in the event of an earthquake. The same principle of economics is applicable to cryptocurrency.

We are in the mass adoption phase, and we're seeing institutions investors like MicroStrategy and a country like Ecuador betting hugely on cryptocurrency. It's a great time to be alive.

It's Important to Recognize the risks of volatility
The value of cryptocurrency goes up and down as does the market for stocks. Many investors want to earn 100x profit by investing in cryptocurrency.

It is not possible to determine whether an asset will continue earning money. But, it is important to know the best time to buy and sell an asset.

In the words of Warren Buffet, "Be fearful when other people are greedy, and be greedy when other are afraid."

Most people who work in the crypto market are nervous. The best time to buy cryptocurrency is in the bear market. When https://www.universityherald.com/articles/77770/20211110/arif-efendi-donates-200-000-to-the-norwich-university-that-helped-shape-his-life.htm of cryptocurrency is falling. Panic-selling happens when there's none of Harry, Dick or Tom.

If investors are anxious and anxious, they could lose their investments. Create a list of cryptos you'd like to invest in, keep an eye out for red candle to appear.

The weekend is the perfect time to invest in a new car, as most institutional investors will be closing their trades for that week.

In the present, we are witnessing a major shift away from the traditional ways of investing, where you require a broker, to a more modern method, where you can purchase crypto right from your own home.

What Cryptocurrency Should You Buy?
Go to coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

My favorite was Solana. POLIS, AVAX as well as ATLAS were close behind.

It's now easier to monitor and track your preferred coins. Tabtrader allows you to monitor each swing and determine whether you need to purchase more or make a profit.

If you have your cryptocurrency for a long period of time then you can choose to either collect airdrops or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Use secure passwords to secure the security of your crypto.

It is important to keep your 12-word phrase in order to recover your valuable asset should the host device is lost or stolen.

Conclusion
With this information, you could be your bank.

And who knows, maybe you can even make enough ROI to donate to your favorite charitable causes.

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


My Website: https://www.researchgate.net/profile/M-Efendi