Notes

Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi was an investor and businessman who saw that cryptocurrencies were an investment option that was viable. Arif Efendi Here are his thoughts and lessons.

Arif Efendi explains the difference between Crypto and. Stocks
Investors like me need to know the difference between stocks and cryptocurrency. The two have a few similarities, even though they're not exactly the same.

The cryptocurrency is an asset that is digital and money whose transactions have been recorded and verified via a decentralized cryptography. It doesn't have an authority central to it. Stocks, also referred to as securities or equity, signify ownership of a particular portion of a business.

Stocks and crypto are bought to gain capital appreciation, especially when the asset is rising in value.

Why people buy Cryptocurrencies and Stocks
Individuals buy stocks to be able to vote on company decisions. Investors also buy shares to earn dividends, which the company gives to shareholders.

It is easy to invest online in stocks and crypto through the new generation marketplace and various mobile investment apps.


Although the procedure may appear the same but there are significant distinctions. For example, while the Securities and Exchange Commission regulates stocks, you can trade crypto any time of the day directly through your mobile or smart device.

You are also able to trade crypto using cryptocurrency trading pairs, fiats or crypto.

Trading Crypto vs. Swing Trading
It is possible to wonder why it's more profitable trading in crypto, despite its volatility.

Cryptos with huge market cap can swing 5% to 10 percent, while smaller ones can go up to 10x in a single day.

This is the truth.

It is possible to see an example: If you had put $1000 on Solana, it would be worth $182,000 today at the price of $182.

If you're not weak investing in cryptos can be very profitable. Noobs may wonder where the money comes from. Regulation of cryptocurrency isn't performed by a central organization.

Production costs supply, demand, and cost are the primary factors that determine their value.

Understanding Demand and Supply in Cryptocurrency
It is a common theme in the economics textbook that if there's more demand than supply of an asset, its value will rise.

In the case of earthquakes, for example, they can trigger prices for water to rise in certain areas. This economic principle also applies to cryptocurrency.

We are moving into the phase of mass adoption and companies like MicroStrategy and MicroStrategy, as well as Ecuadorean investors are betting big on cryptocurrency. This is a great time to live!

Recognize the Risks of Volatility
Like the stock exchange The value of cryptocurrency changes. Many people desire to become cryptocurrency-savvy and earn a 100x profit.

Although it's not certain that an asset will remain profitable forever, it is important to be aware of when assets should be bought and sold or taken profit.

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

Arif Efendi The majority of people who work in the crypto space are fearful. The best time to invest in cryptocurrency is in the bear market. If the asset is falling. Panic-selling happens when there's none of Harry, Dick or Tom.

Arif Efendi Fearful people can lose their investments if they are worried and anxious. You should make a list of cryptocurrencies that you wish to invest in and watch for red candles to appear.

Another great time to buy is during the weekend as the majority of institutional investors have closed their trades for the week.

The traditional way of investing requires a broker. The modern way of buying crypto is possible from the convenience of your home.

Should I Buy an Cryptocurrency?
If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

https://reporterbyte.com/technology/1407/businessman-arif-efendi-shares-insights-on-crypto-investment/ My most-loved pick always has been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It's simpler than ever to track and monitor your most loved cryptocurrency. Tabtrader allows you to track each swing, and when you should buy more.

If you've held your cryptocurrency for a period of time it is possible to either withdraw it and receive airdrops, or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. https://www.facebook.com/public/Arif-Efendi Secure passwords are used to protect the security of your crypto.

You should also keep your 12-word word phrase in case your host device is lost or stolen.

Conclusion
Your bank has all of this information. Transact wherever you're located anywhere in the world anytime.



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