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Arif Efendi was a businessman and an investor who realized that cryptocurrency was an investment option that was viable. In this article , he shares his lessons and insights
Arif Emendi explains the difference is between stocks and Crypto
It is essential to be able to differentiate between cryptocurrency and stock If you're like me who is an investor. The two have a lot of similarities, but they aren't the same.
https://www.boredpanda.com/author/nicholsskytte060/ Cryptocurrency refers to a digital currency that records transactions through a decentralized system employing cryptography rather than an authority central to. Stocks, also known equity are securities that signify the ownership of a part of a corporation.
Stocks and crypto with an eye on capital appreciation in particular when the currency that is being held increases in price.
Why do people buy Stocks and Cryptocurrencies?
Stocks can be purchased to influence or vote on the company's decisions. http://hawkee.com/profile/5002573/ Additionally, they invest in order to earn dividends that the company distributes to its shareholders.
It's simple to invest digitally in stocks and crypto through the new generation marketplace and various mobile investment apps.
Although the process might look like it does, there are a lot of variations. For instance, even though the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any time throughout the day via your smart phone or smartphone.
You can also trade crypto with other trading pairs of crypto or fiats.
Trading Crypto and. Swing Trading
It is possible to wonder why it is more profitable trading crypto, despite the high volatility.
Cryptos with huge market cap can swing 5% to 10 percent, while smaller ones can go up to 10x in a single day.
Arif Efendi It is not common in stocks.
You can see an example: If you had made a $1000 investment on Solana the stock, it is worth $182,000 today at the $182 trading price.
If you've got a solid grasp of crypto, it can yield a lot of rewards. The money can come from a person who is not your own. There is no central authority that regulates cryptocurrency.
Their value is determined by the costs of production and consumption, demand and supply the rate of adoption, as well as the availability of utility exchanges and utilities.
Understanding Cryptocurrency Supply and Demand
From our economics textbook, we can recall that if demand for an asset goes up faster than the supply, the price of that asset will rise.
Arif Efendi For instance in the event of an earthquake that strikes a particular area, the price of water will rise if demand remains constant. The same economic concept applies to cryptocurrency.
We are moving into the phase of mass adoption and institutions such as MicroStrategy and MicroStrategy, as well as Ecuadorean investors, are betting big on cryptocurrency. It's a wonderful time to live in.
Recognize Risks of Volatility
The market for cryptocurrency is similar to stock market. Its value can fluctuate . A lot of people want to get into crypto and earn 100x earnings.
Although it is unlikely an asset would continue to earn a profit however, there are instances when it's worth the effort to buy an asset, and then sell it or take profits.
Warren Buffet said, "Be scared when you see others being greedy , and be greedy when others are scared."
Most people who work in the cryptocurrency market are afraid. The bear market is the best moment to buy crypto. When the asset is going down. When Harry, Dick, or Tom are panic-selling.
The most anxious people could lose their investments if they are concerned and nervous. Keep a list of cryptos you would like to invest in , and look for the candles to start appearing.
Another great time to buy is during the weekend when most institutional investors have closed their trades for the week.
There is a shift away from traditional investment methods, where a broker is mandatory, to newer methods that allow you to buy crypto from your home.
What Cryptocurrency Do I Need to Purchase?
Arif Efendi If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.
My top pick always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.
It's even easier to keep track of and monitor your favorite coins. Tabtrader is an app which lets you track every single swing to determine when it's time to make a profit or invest in more.
If you've been holding onto your cryptocurrency for a long time it's possible to take it and get airdrops. You can also move your coins to wallets like Trustwallet or Imtoken and set up secure passwords to protect them.
Keep a copy of your 12-word word phrase in the event that your host device is lost or stolen.
Conclusion
By this, your bank is now your bank. You can conduct transactions anywhere around the world at any hour.
Website: https://bbs.now.qq.com/home.php?mod=space&uid=5667136
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