Notes

Arif Efendi shares insights from a businessman about crypto investment

Arif Efendi , a businessman and investor with extensive experience, saw cryptocurrencies as a legitimate investment opportunity. He shares his thoughts and experiences in this piece.

Arif Efendi discusses the reason Crypto is different from stocks
An investor like myself needs to be aware of the distinctions between stock, cryptocurrency, and other investments. Although there are some similarities between stocks and cryptocurrencies but they're quite different.

https://www.digitale-sammlungen.de/de/view/bsb10251939?page=1 , a digital asset that is used to keep track of transactions and to verify them employs cryptography as an alternative to a centralized authority. Stocks, also known equity are securities that are the ownership of a part of a corporation.

When the cost of an asset goes up that includes crypto as well as stocks. are bought with capital appreciation.

What are the reasons people choose to invest in stocks and cryptocurrencies
Stocks are bought by investors who vote on company decision-making. They also invest to receive dividends, which the company distributes to its shareholders.

It's easy to invest your money digitally into the crypto market or in stocks using the next-generation Marketplace as well as other investment apps for mobile devices.

While the process might appear identical but there are significant differences. It is possible to trade cryptocurrency at any time you'd like, though the Securities and Exchange Commission regulates the trading of stocks.

You are also able to trade crypto with other crypto trading pairs , or fiats.

Trading Crypto Vs. Swing Trading
You might be wondering why trading in crypto is so profitable despite its volatility.

With a huge market capitalization that is a good indicator of an increase of 5% to 10% in crypto. However, smaller cryptocurrency might be able to achieve 10x or higher every day.

It's uncommon for stocks to carry this kind of stock.

Here's an example of this: If you had invested $1000 on Solana, it would be worth $182,000 today at $182.

It's not necessary to be a weak investor to invest in crypto. An unexperienced investor might be uncertain what the source of the cash was. There is no central authority that oversees cryptocurrency.

Their value is therefore from the costs of supply and production, as in addition to demand and the rate of adoption.

Understanding Demand and Supply in Cryptocurrency
The textbook of economics tells us that the price of an asset will rise when demand for it grows more quickly than the supply.

If there is an earthquake, as in, water prices will rise if demand is low. The same principle of economics applies also to cryptocurrency.

We are approaching the mass adoption stage and institutional investors such as MicroStrategy or even a country like Ecuador are placing huge bets on cryptocurrency. It's a wonderful moment to be alive!

It's important to understand the dangers of the possibility of
Similar to the stock exchange the value of cryptocurrency fluctuates. Many people wish to be part of crypto and earn 100x profit.

There is no assurance that the profitability of an asset will never decrease, but it is crucial to know when to sell or buy assets.

Warren Buffet stated, "Be afraid when people around you are insecure and greedy while other people are afraid."

A lot of people working in the field of cryptocurrency are worried. The bear market is the most profitable place to buy cryptocurrency. The asset is down. If Harry, Dick and Tom panic-sell.

People who are anxious can risk losing their investment if they're nervous and worried. Make an inventory of the cryptocurrencies you're interested in investing in, and then watch for the candle that is red to appear.

Another good time to buy is during weekends when most institutional buyers are closing their trades.

There is a shift from traditional investment methods that require a broker to be required, to modern ways that allow you to buy crypto at home.

Which Cryptocurrency Should I Buy?
Check coinmarketcap.com to see the various cryptocurrencies you can select from.

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

It is even easier now to keep track of and monitor your favorite coins. Tabtrader lets you monitor every swing so that you can decide when to invest more , or when you should take a profit.

If you've been holding your cryptocurrency for an extended period of time, you could keep it and use it to get airdrops or move them to wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to secure them.

The 12-word phrase you have chosen should be stored in order to retrieve your asset in the event of your host device goes missing or taken.

Conclusion
With all the information available, you could be your bank.

Maybe you could even earn enough profit to donate to your favorite charity.

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


Here's my website: https://www.sabah.com.tr/sozluk/biyografi/abdulbaki-arif-efendi-kimdir-meshur-hattat-arif-efendi-ve-eserleri