Notes

Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi, a successful entrepreneur and investor realized that cryptocurrencies could be a legitimate investment tool. He shares his thoughts and lessons learned in this article.

Arif Efendi discusses the reason Crypto is different from stocks.
If you're an investor it's crucial to comprehend the distinction between stocks and cryptocurrency. The two have a few similarities, but they aren't exactly the same.

Cryptocurrency, a type of digital asset that can be used to keep track of transactions and to verify them utilizes cryptography as an alternative to an authority central to. Stocks, also called equity are securities that are ownership of a portion of a company.

With the idea of capital appreciation in mind, when buying crypto or stocks, and especially when prices rise the majority of people will buy both.

Arif Efendi The reason people invest in stocks and cryptocurrencies
Stocks can also be purchased to influence decisions of the company and vote. Stockholders can also invest in stocks in order to receive dividends from companies.

It's easy to invest in digital crypto and stocks right now with the next-generation marketplace and numerous mobile investment apps.

The process may appear the same but there are significant differences. For instance, even though the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any time of the day directly through your mobile or smart device.

Arif Efendi You can also trade crypto using crypto trading pairs, fiats or crypto.

Trading Crypto vs. Swing Trading
You might be asking yourself why trading in crypto is so profitable despite its volatility.

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

It's not a common stocks.

For example, if you had invested $1000 in Solana's Solana stock on January 1, 2021, for $1.837 Your investment today would be worth $182,000 at current trading prices of $182.

The investment in crypto can be rewarding if you are not a weak hand. Arif Efendi A person who isn't familiar with the subject may be curious about where the money comes from. Arif Efendi Arif Efendi It's not possible to regulate cryptocurrency through a central agency.

Therefore, their value stems from the costs of production, supply, demand, adoption and availability on exchanges and utilities.

Understanding Supply and Demand in Cryptocurrency
Our economics textbook instructs us that if the demand for an asset rises more rapidly than supply, the asset's price will also rise.

For instance when there is an earthquake in a location that is prone to earthquakes, the cost of water will rise if demand is static. This same principle of economics also applies to cryptocurrency.

We are in the stage of mass adoption, and organizations such as MicroStrategy as well as Ecuadorean investors are placing their bets on cryptocurrency. This is an exciting time to be alive.

Recognize Risks of Volatility
Similar to the stock exchange the value of cryptocurrency fluctuates. Many are keen to invest in crypto to make 100x profits.

Although it's not certain that an asset will remain profitable for a long time It is crucial to understand when an asset should be purchased and removed from profit or sold.

Warren Buffet said, "Be afraid when others are greedy and greedy when other are scared."

Most people in crypto are worried. The best time to invest in cryptocurrency is during the bear market. The asset is down. When Harry, Dick and Tom panic-sell.

People who are anxious and fearful could lose their assets. It is possible to make a list with cryptocurrencies you're looking to invest in, and wait for them to appear.

Another great time is on the weekends when most institutional buyers have closed their trades.

In the present, we are experiencing a huge shift from traditional methods of investing, which requires you to require a broker to a modern way, where you can purchase crypto from the comfort of your room.

What Cryptocurrency Should You Buy?
Check coinmarketcap.com to see a list of cryptocurrencies that you can select from.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

It is even easier now to monitor and track your most loved coins. Tabtrader is an application that lets you monitor every single swing to determine when it's time for you to earn or purchase more.


If you have your crypto for a lengthy time frame You have the option to collect airdrops, or transfer them to wallets like Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to secure the security of your crypto.

Also, keep your 12 words handy to ensure you are able to retrieve your valuables in the event of a host device being lost or taken.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ Conclusion
All this information is your bank. You are able to transact at any time, anywhere around the globe, using everything you own.



Website: https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=441&Itemid=105