Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

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

Arif Emendi clarifies the difference is between stocks and Crypto
Investors like me need to be aware of the distinction between stocks and cryptocurrency. Arif Efendi While they have some similarities, they're not identical to stocks.

Cryptocurrency is a digital asset that can be used to record and verify transactions employs cryptography as an alternative to an authority central to. Stocks, also called equity are securities that are ownership of a portion of a business.

Capital appreciation is the primary reason why people buy stocks and crypto. This is particularly true when the asset holds rises in value.


What makes people purchase shares and cryptocurrencies?
Stocks are bought by investors to vote for company decision-making. Additionally, they invest in order to earn dividends which the company distributes among their shareholders.

It's easy to invest digitally in stocks and crypto through the new generation marketplace and various mobile investment apps.

Arif Efendi In contrast, the procedure may appear similar, but there are still distinct distinctions. Cryptocurrency trading can be done at any time of the day, regardless of whether the Securities and Exchange Commission regulates the stock market.

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

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

Cryptos with huge market cap can swing 5% to 10%, while smaller cryptos can reach 10x in one day.

It's not commonplace in stock.

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

If you're not a weak person cryptocurrency investment could be extremely lucrative. A noob may ask what the source of the money comes from. No central institution regulates cryptocurrency.

Their value is determined by the costs of production as well as demand and supply adoption, and the availability of utility exchanges and in utilities.

Understanding the Supply and Demand in cryptocurrency
According to textbooks on economics, if the demand is greater than the supply, then the price of the asset will rise.

In the event of an earthquake for instance the price of water will increase if demand is low. The same economic concept is applicable to cryptocurrency.

https://techbullion.com/crypto-enthusiast-arif-efendi-on-the-football-fans-tokens/ We are in the phase of mass adoption, and we are seeing institutional investors such as MicroStrategy and countries like Ecuador investing heavily in cryptocurrency. https://www.flickr.com/photos/arifefendi_sstp/ It's an exciting moment in the world of cryptocurrency.

Arif Efendi Be aware of the volatility risks
The value of cryptocurrency fluctuates and down similar to the market for stocks. Many people want to join crypto and earn a 100x profit.

Although it is not certain that an asset will be profitable forever, it is important to know when an asset should be purchased and sold or taken profit.

Warren Buffet says, "Be fearful if others become greedy. Be greedy when other people are afraid."

A lot of people working in the cryptocurrency space are worried. The bear market is the ideal location to purchase cryptocurrency. When the price of cryptocurrency falls. Panic-selling happens when there's none of Harry, Dick or Tom.

If people are scared and worried, they might lose their holdings. You should make a list of cryptocurrency you would like to invest in and then watch for the candles to turn red.

The best time to invest is the weekend, because the majority of institutional investors have closed their trades.

There is a shift from traditional methods of investing, where a broker is required, to modern ways, where you can buy crypto at home.

What Cryptocurrency Should You Buy?
There are many cryptocurrencies available to pick from when you check coinmarketcap.com.

My favorite has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.

It's now easier to keep track of your most-loved currencies. Tabtrader lets you monitor each movement and decide whether to invest more earn more.

If you've been storing your cryptocurrency for some time, you may be able to take it and get airdrops. You can also move your coins to wallets like Trustwallet or Imtoken and set up secure passwords to ensure their security.

Additionally, it is essential to keep your 12-word phrase in a safe place for future reference in case your host device becomes lost or stolen.

Conclusion
With this information, you're now your bank, and you can make transactions at any time and anywhere you find yourself anywhere in the world.

Arif Efendi

Read More: https://techbullion.com/crypto-enthusiast-arif-efendi-on-the-football-fans-tokens/