Notes

Arif Efendi, a Businessman gives his insights on Crypto Investment

Arif Efendi an investor and businessman with a wealth of experience, recognized cryptocurrency as an investment opportunity. He shares his insights and lessons learned in this piece.

Arif Efendi Explains the difference between Crypto and. Stocks
Understanding the difference between cryptocurrency and stock is crucial if you are an investor, like me. Although there are some commonalities between cryptocurrency and stocks but they're quite different.

The term "cryptocurrency" refers to a type of digital currency , or an asset which can be verified and recorded by a decentralized system using cryptography . It replaces the central authority. Equity, also referred to as stock are securities that signify ownership of a portion of a company.

When the price of an asset rises both crypto and stocks are purchased with the goal of capital appreciation.

Why do people buy shares and cryptocurrencies?
Stocks are bought by investors who purchase stocks to be able to vote and influence the company's decisions. They also purchase stocks for dividend payments that the company distributes to its shareholders.

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

Arif Efendi However, the process may look the same however, there are some notable differences. Arif Efendi For instance, even though the Securities and Exchange Commission regulates securities, you are able to trade cryptocurrency at any moment of the day through your mobile or smart device.

You can also trade crypto with fiats, crypto trading pairs or crypto.

Trading Crypto is different from. Arif Efendi Swing Trading
There is a possibility to ask why it's more profitable trading crypto, despite the volatility.

With a substantial market capitalization that is a good indicator of an increase of 5% to 10% in crypto. But, smaller cryptos can reach 10x or more per day.

The truth is that this is quite rare in stocks.

To illustrate, if you invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837, your investment would now be worth $182,000 at the current trading prices of $182.

If you're a skilled grasp of crypto, it can yield a lot of rewards. Some novices might wonder where the money comes from. The regulation of cryptocurrency isn't done by a central institution.

Thus, their value comes from the price of production, supply demand, adoption and availability in exchanges and utility.

Understanding the Supply and Demand in cryptocurrency
We know from the economics textbook that when there is more demand than supply of an asset, the price of it will increase.

For instance, a natural disaster could cause the price of water to increase in some areas. The same economic concept applies to cryptocurrency.

We are moving into the phase of mass adoption and companies like MicroStrategy and Ecuadorean investors, are betting big on cryptocurrency. This is an exciting moment to live!

It is important to be aware of the dangers of volatility
The cost of crypto fluctuates in the same way as the stock market. Many people want to be cryptocurrency-savvy and earn a 100x profit.

There is no guarantee that the profitability of an asset will never decrease, but it is essential to be able to identify the right time to sell an asset or earn profits.

Warren Buffet once said, "Be afraid of being greedy and be greedy if you are afraid of others."

The majority of people working in the crypto market are nervous. The best time to invest in cryptocurrency is in the bear market. If the currency is in decline. Panic-selling is when there are none of Harry, Dick or Tom.

If individuals become stressed and afraid, they may lose their investments. Make a list of the cryptocurrencies that you want to invest in and then watch for the red candles.

A great investment time is during the weekend, because the majority of institutional investors have closed their trading.

We are witnessing a shift away from traditional investment methods that require a broker to be required, to modern ways which allow you to purchase crypto at home.

What Cryptocurrency Should You Purchase?
You can choose from many different cryptocurrencies when you visit coinmarketcap.com.

Arif Efendi My first choice was Solana. Arif Efendi POLIS followed by AVAX and ATLAS.

It's also easy to track your favourite coins and keep an in mind their movements. Tabtrader makes it easy to track each swing and determine when you need to purchase more.

If you've been holding onto your cryptocurrency for some time, you may be able to use it and receive airdrops. You can also move them to wallets such Trustwallet or Imtoken and create secure passwords to protect them.

Keep your 12-word phrase handy in case you need to locate your asset in the event of a host device becoming lost or taken.

Conclusion
With all this details, you're your bank, and you can make transactions at any time and wherever you are anywhere in the world.


Here's my website: https://www.openlearning.com/u/robleswerner-rr59pp/blog/BusinessmanArifEfendiOnCryptoInvestment