Notes

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

Arif Efendi , a businessman and investor who has a lot of experience, saw cryptocurrency as an investment choice. Here are his experiences and thoughts.

Arifefendi discusses how Crypto is different from Stocks
Investors like me must know the distinction between stock and cryptocurrency. Stocks and cryptocurrency have some similarities, but they aren't identical.

The cryptocurrency is an asset that is digital and money whose transactions have been verified and recorded using a decentralized system through cryptography . It does not rely on a central authority. Stocks, also referred to as equity, are securities that symbolize ownership of a specific portion or company.

With the thought of capital appreciation in mind when buying crypto or stocks, and especially when prices rise individuals tend to purchase both.

The reason people invest in cryptocurrency and stocks
Stocks are purchased by shareholders who vote on company decisions. Investors also purchase stocks to receive dividends from the company.

It is easy today to invest in shares and crypto using the next-generation marketplace.

The procedure may appear similar however there are some notable variations. For example even though the Securities and Exchange Commission regulates the trading of stocks, you can also trade crypto any time of the day directly from your phone or smart device.

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

Trading Crypto Vs. Swing Trading
You might be wondering what makes trading in cryptocurrency more profitable, despite its volatile nature.

It is possible to see the 5% to 10 percent change in the price of crypto when it has a large market cap, even smaller cryptos can reach 10x on a given day.

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

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

There is no need to be a weak investor to be a crypto investor. Uninitiated investors might be interested in knowing where the money is coming. The cryptocurrency market is not regulated by a central entity.

They're therefore worth their cost in terms of demand, supply production, adoption, the availability of exchanges, utility and availability.

Understanding Supply and Demand in Cryptocurrency
It is a common theme in the economics textbook that if there is greater demand than supply for an asset, its price will rise.

For instance, if there's an earthquake that strikes a particular area that is affected by water, the price of water will increase if there is a demand for it isn't. The same economic principle applies to cryptocurrency as well.

We are nearing the stage of mass adoption and institutional investors such as MicroStrategy or a country such as Ecuador are betting big on cryptocurrency. This is a fantastic moment to be alive!

It is essential to recognize the risks of volatility
The value of cryptocurrency goes up and down as does the market for stocks. Many people desire to become adept with crypto and earn 100x profits.

While there's no way to be certain that the investment will continue to be profitable, it's important to know the best time and place to invest.

Warren Buffet stated, "Be cautious when you see other people being greedy , and be greedy when others are afraid."

Most people who work in the crypto market are afraid. The ideal time to purchase cryptocurrency is in the bear market. The price of cryptocurrency is declining. Panic-selling happens when every Harry, Dick, and Tom is going down.

The most anxious people could lose their investments if concerned and nervous. Make a list of the cryptocurrencies you would prefer to invest in and look for the red candles to start appearing.

Another good time to invest is during the weekend, as most institutions have closed their trades.

Traditional investment requires an intermediary. Cryptocurrency trading is accessible from the comfort of your room.

What Cryptocurrency Should I Purchase?
Check coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

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

It is now easier than ever to keep track of and monitor your preferred currency. Tabtrader allows you to monitor each move so that you can decide whether to invest more money or when you should take a profit.

If your cryptocurrency has been stored for a long time you can collect airdrops and move the coins to wallets. Trustwallet. Imtoken. Myetherwallet.

Your 12-word phrase should also be saved in order to retrieve your valuable asset in the unlikely event your host device goes missing or stolen.

Conclusion
All of this information will make you your bank account and enable you to make transactions anywhere and at any time you wish.

Maybe you can even make enough money to donate to your favorite charitable causes.

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


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