Notes

Arif Efendi shares insights from a businessman on crypto investment

Arif Efendi was a businessman and an investor who realized that cryptocurrency was a viable investment option. In this piece, he shares his lessons and insights

Arif Elfendi explains the differences between stocks and crypto
Knowing the difference between stocks and cryptocurrency is crucial if you are an investor, like me. Although they share some similarities, they aren't the exact same as stocks.

Cryptocurrency is a type of digital asset or currency whose transactions are documented and verified by an independent system via cryptography instead of a centralized authority. Stocks, also known as securities or equity, signify ownership of a particular portion of a firm.

Capital appreciation is the primary motive for investors to buy crypto and stocks. This is especially true when the asset is rising in value.

Why do people invest in stocks and cryptocurrencies
Stocks are purchased by shareholders to be able to vote on corporate decisions. Additionally, they invest in order to earn dividends, which the company distributes to its shareholders.

It's simple to invest in crypto and stocks online right now with the latest market technology and mobile investment apps.

The process may look the same however there are some notable distinctions. The Securities and Exchange Commission regulates stock markets, but you can trade cryptocurrency any time of the day from your smart phone or smartphone.

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

Trading Crypto vs. Swing Trading
You may be wondering why it's more profitable to trade cryptocurrency despite its volatility.

With a large market capital, you can expect an increase of 5-10% in crypto. However, smaller cryptocurrency might be able to achieve 10x or higher daily.

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

You can see an example of this: If you had put $1000 on Solana the property, it would be worth $182,000 today at $182.

If you're not weak, investing in crypto can be lucrative. The money may come from a person who is not your own. Regulation of cryptocurrency is not controlled by a central authority.

Their value is derived from the cost of production, supply, adoption, demand and availability on exchanges and utilities.

Understanding the Demand and Supply in Cryptocurrency
The economics textbook tells us that the cost of an asset can rise if its demand grows faster than its supply.

For instance, if there is an earthquake that strikes a particular area that is prone to earthquakes, the price of water will rise if demand remains constant. The same economic principle applies to cryptocurrency as well.

We are getting closer to the stage of mass adoption, and we are starting to see institutions like MicroStrategy as well as nations like Ecuador betting big on cryptocurrency. What a wonderful time to be alive!

It's crucial to be aware of the Risks of Volatility
The cryptocurrency market is exactly like stock markets. Its value can fluctuate . Many people want to make 100x profits by investing in crypto.

There's no way to assurance that the value of an asset will remain constant, but it is important to be aware of when to purchase or sell assets.

Warren Buffet once said, "Be be wary of other people who are greedy, and be greedy for people who are afraid."

Cryptocurrency enthusiasts are usually scared. Bear markets are the most profitable times to invest in crypto. When the asset is declining. Panic-selling happens when there's none of Harry, Dick or Tom.

People who are anxious and fearful could lose their wealth. Create a list to identify cryptocurrency that you would like to invest in and then just wait for the red flames to light up.

The weekend is the perfect opportunity to purchase, since most institutional investors will be closing their trades for that week.

Today, there's a major shift in how we make investments. Instead of needing a broker, you can buy cryptocurrency in your home.

Should I Purchase a Cryptocurrency?
If you visit Coinmarketcap.com, there are numerous cryptocurrencies on offer.

My top pick was Solana. POLIS, AVAX and ATLAS were right behind.

It is now easier to track and monitor your favorite coins. Tabtrader is an application which lets you track every move and determine when it's time to make a profit or invest in more.

If you've been storing your cryptocurrency for a while it's possible to take it and get airdrops. You can also transfer your coins to wallets like Trustwallet or Imtoken and create secure passwords to ensure their security.

It is crucial to keep your 12-word phrase, to be able to recover your assets in the event it is stolen or lost.

Conclusion
All of this information will make you your own bank and permit you to make transactions anywhere and whenever you'd like.

And who knows, maybe you'll even earn enough profit to make a donation to your favorite charity.

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


My Website: https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/