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Arif Efendi shares his insights on Crypto Investment with a businessman
Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrency as an investment option. This article shares his experiences and knowledge.
Arif Efendi explains the difference between Crypto vs. Stocks
Investors like me need to understand the differences between stock, cryptocurrency, and other investment options. While there are some similarities between cryptocurrencies and stocks, they are very different.
The cryptocurrency is an asset that is digital and currency whose transactions have been verified and recorded using a decentralized system through cryptography . It does not depend on the authority of a central authority. Stocks, also called equity, are securities that represent the ownership of a part of a corporation.
With capital appreciation in mind when purchasing crypto or stocks, and especially when the price of the asset rises individuals tend to purchase both.
What makes people invest in stocks and cryptocurrencies
For stocks, people buy shares to influence the company's decisions. Stockholders can also invest in stocks to receive dividend payments from the company.
Arif Efendi It's simple to invest in stocks and crypto online right now with the latest market technology and mobile apps for investing.
The process might look similar however there are distinct differences. https://www.hepsiburada.com/menakib-i-kethudazade-el-hac-mehmed-arif-efendi-bir-var-imis-bir-yog-imis-p-HBCV000013CIJ1 Arif Efendi For example While the Securities and Exchange Commission regulates securities, you are able to trade cryptocurrency at any time of the day directly from your phone or other smart device.
You can also trade cryptocurrency in conjunction with other crypto trading pairs and fiats.
Trading Crypto vs. https://www.facebook.com/arifefendi76 Swing Trading
You might be asking yourself why it is more profitable to trade cryptocurrency despite its high volatility.
You can see an 5%-10 percent swing in cryptos with the largest market cap while smaller cryptocurrencies can achieve 10x on a given day.
It's true that this is extremely rare in stock.
If you had invested $1000 in Solana at $1.837 1st January 2021 the investment would be worth $182,000 at the current trading price of $182.
You don't have to be a poor investor in crypto investing. A novice may be unsure where the money came from. Regulation of cryptocurrency isn't controlled by a central authority.
Their value is derived from the cost of production, supply, adoption, demand and availability in exchanges and utility.
Understanding the Supply & Demand in Cryptocurrency
The textbook on economics explains that the cost of an asset will rise if its demand grows more quickly than the supply.
For example in the event of an earthquake in a location where water is needed, the cost will rise if demand for water is not changing. This economic principle also applies to cryptocurrency.
We are now in the stage of mass adoption and we are seeing institutional investors such as MicroStrategy and a country like Ecuador betting big on cryptocurrencies. It's a great moment to be alive.
Be aware of the risks associated with volatility
The value of crypto currency fluctuates just like the stock market. Many people want to join the crypto market and earn 100x profit.
There is no assurance that the value of an asset will never decrease, but it is essential to be aware of when to purchase or sell assets.
Warren Buffet said, "Be scared when you see others being in a state of greed, and be greedy if you are afraid."
Most people in the crypto market are scared. The bear markets are the best times to buy crypto. When the value of cryptocurrency is declining. Panic-selling happens when every Harry, Dick, and Tom is going down.
People who are anxious can risk losing their investments if nervous and worried. Make a list of cryptocurrencies that you wish to invest and just wait for the flames of red to light up.
Another good time to purchase is on weekends when most institutional investors have closed their trades for the week.
We are witnessing a transition away from traditional methods of investing, where a broker is required, to modern ways, where you can buy cryptocurrency from the comfort of your home.
What Cryptocurrency Should I Buy?
There are a variety of cryptocurrencies to select from if you visit coinmarketcap.com.
My most-loved pick has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.
It's now easier than ever to keep track of and monitor your favorite currency. Tabtrader lets you track every move and decide whether you need to purchase more or earn a profit.
If you've been holding your crypto for a long time it is possible to either withdraw the cryptocurrency and get airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Arif Efendi Secure passwords are used to secure the security of your crypto.
Also, keep your 12-word phrase in mind to ensure you are able to retrieve your asset in the case of a host device being stolen or lost.
Conclusion
With all the information available, you could become your own bank.
Perhaps you'll be capable to give to your preferred charity.
You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo
Arif Efendi
Website: https://belleten.gov.tr/tam-metin-pdf/1323/tur
Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrency as an investment option. This article shares his experiences and knowledge.
Arif Efendi explains the difference between Crypto vs. Stocks
Investors like me need to understand the differences between stock, cryptocurrency, and other investment options. While there are some similarities between cryptocurrencies and stocks, they are very different.
The cryptocurrency is an asset that is digital and currency whose transactions have been verified and recorded using a decentralized system through cryptography . It does not depend on the authority of a central authority. Stocks, also called equity, are securities that represent the ownership of a part of a corporation.
With capital appreciation in mind when purchasing crypto or stocks, and especially when the price of the asset rises individuals tend to purchase both.
What makes people invest in stocks and cryptocurrencies
For stocks, people buy shares to influence the company's decisions. Stockholders can also invest in stocks to receive dividend payments from the company.
Arif Efendi It's simple to invest in stocks and crypto online right now with the latest market technology and mobile apps for investing.
The process might look similar however there are distinct differences. https://www.hepsiburada.com/menakib-i-kethudazade-el-hac-mehmed-arif-efendi-bir-var-imis-bir-yog-imis-p-HBCV000013CIJ1 Arif Efendi For example While the Securities and Exchange Commission regulates securities, you are able to trade cryptocurrency at any time of the day directly from your phone or other smart device.
You can also trade cryptocurrency in conjunction with other crypto trading pairs and fiats.
Trading Crypto vs. https://www.facebook.com/arifefendi76 Swing Trading
You might be asking yourself why it is more profitable to trade cryptocurrency despite its high volatility.
You can see an 5%-10 percent swing in cryptos with the largest market cap while smaller cryptocurrencies can achieve 10x on a given day.
It's true that this is extremely rare in stock.
If you had invested $1000 in Solana at $1.837 1st January 2021 the investment would be worth $182,000 at the current trading price of $182.
You don't have to be a poor investor in crypto investing. A novice may be unsure where the money came from. Regulation of cryptocurrency isn't controlled by a central authority.
Their value is derived from the cost of production, supply, adoption, demand and availability in exchanges and utility.
Understanding the Supply & Demand in Cryptocurrency
The textbook on economics explains that the cost of an asset will rise if its demand grows more quickly than the supply.
For example in the event of an earthquake in a location where water is needed, the cost will rise if demand for water is not changing. This economic principle also applies to cryptocurrency.
We are now in the stage of mass adoption and we are seeing institutional investors such as MicroStrategy and a country like Ecuador betting big on cryptocurrencies. It's a great moment to be alive.
Be aware of the risks associated with volatility
The value of crypto currency fluctuates just like the stock market. Many people want to join the crypto market and earn 100x profit.
There is no assurance that the value of an asset will never decrease, but it is essential to be aware of when to purchase or sell assets.
Warren Buffet said, "Be scared when you see others being in a state of greed, and be greedy if you are afraid."
Most people in the crypto market are scared. The bear markets are the best times to buy crypto. When the value of cryptocurrency is declining. Panic-selling happens when every Harry, Dick, and Tom is going down.
People who are anxious can risk losing their investments if nervous and worried. Make a list of cryptocurrencies that you wish to invest and just wait for the flames of red to light up.
Another good time to purchase is on weekends when most institutional investors have closed their trades for the week.
We are witnessing a transition away from traditional methods of investing, where a broker is required, to modern ways, where you can buy cryptocurrency from the comfort of your home.
What Cryptocurrency Should I Buy?
There are a variety of cryptocurrencies to select from if you visit coinmarketcap.com.
My most-loved pick has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.
It's now easier than ever to keep track of and monitor your favorite currency. Tabtrader lets you track every move and decide whether you need to purchase more or earn a profit.
If you've been holding your crypto for a long time it is possible to either withdraw the cryptocurrency and get airdrops or move them into wallets such as Trustwallet, Imtoken, or Myetherwallet. Arif Efendi Secure passwords are used to secure the security of your crypto.
Also, keep your 12-word phrase in mind to ensure you are able to retrieve your asset in the case of a host device being stolen or lost.
Conclusion
With all the information available, you could become your own bank.
Perhaps you'll be capable to give to your preferred charity.
You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo
Arif Efendi
Website: https://belleten.gov.tr/tam-metin-pdf/1323/tur
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