Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is an experienced investor and businessman who realised that cryptocurrency was an investment asset. He shares his insights and experiences in this article.

Arif Elfendi explains differences between stocks and crypto
Knowing the difference between stocks and cryptocurrency is crucial if you are an investor like me. While there are some similarities between cryptocurrencies and stocks, they are very different.

Cryptocurrency is a type of digital asset or currency whose transactions are documented and verified by a decentralized system via cryptography instead of a centralized authority. Equity, also referred to as stock are securities that signify the ownership of a part of a business.

Stocks and crypto are bought to gain capital appreciation, and this is especially true when the asset is increasing in price.

Why do people buy shares and cryptocurrencies?
Stocks are bought by investors to be able to vote on corporate decisions. Investors also purchase stocks to receive dividends from companies.

https://www.dreamstime.com/arifefendi280_info It is easy now to invest digitally into shares and crypto through the new-generation market.

The procedure may appear similar but there are some notable differences. For example While the Securities and Exchange Commission regulates securities, you are able to trade cryptocurrency any time of day directly from your phone or other smart device.

It is also possible to trade cryptocurrency with other crypto trading pairs and fiats.

Trading Crypto Vs. Swing Trading
There is a possibility to ask why trading in crypto even though it is risky, can be more lucrative.

A large market cap can result in a fluctuation between 5% and 10% on crypto, while smaller cryptocurrency can see 10x growth in a single day.

It's the truth.

Here's an example of this: If you had invested $1000 on Solana It would have been worth $182,000 today at $182.

It can be extremely rewarding investing in crypto if you're not a weak player. The money could come from a person who is not your own. It's impossible to regulate cryptocurrency from central authorities.

Their value is derived from the costs of production, supply, adoption, demand and availability in exchanges and utility.

Arif Efendi Understanding Supply and Demand in Cryptocurrency
The textbook in our economics class shows us that if the demand for an asset rises more rapidly than supply, the asset's price will also increase.

For instance when there is an earthquake that strikes a particular area, the price of water will increase if the demand remains constant. The same principle of economics applies also to cryptocurrency.

We are nearing the mass adoption stage, and we're beginning to see institutional investors like MicroStrategy and countries such as Ecuador betting big with cryptocurrencies. It's a wonderful time to be alive!

It is crucial to be aware of the dangers of volatility
The market for cryptocurrency is similar to the stock market. Its value can fluctuate . Many investors want to earn 100x profit by investing in crypto.

Although it is not certain that an asset will remain profitable for a long time It is crucial to know when an asset should be bought and sold or taken profit.

Warren Buffet once said, "Be fearful of others who are greedy, and be greedy for others who are afraid."

Many people in the cryptocurrency market are scared. The best time to buy cryptocurrency is in the bear market. If the price of the cryptocurrency is going down. When Harry, Dick and Tom panic-sell.

https://www.instagram.com/arif_efendi07/ If people are scared and anxious, they could lose their holdings. Arif Efendi Make a list of the cryptocurrencies you'd like to invest in , and look for the red candles to start appearing.

Another excellent time to buy is during weekends when the majority of institutions are closing trades.

We are witnessing a shift away from traditional methods of investing in which a broker is mandatory, to newer methods, where you can buy crypto from your home.

What Cryptocurrency Should I Purchase?
https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=441&Itemid=105 There are a variety of options available when you visit cryptocurrency marketcap.com.

My top pick was Solana. POLIS, AVAX and ATLAS were in close proximity.

It is even easier now to track and monitor your most loved coins. With an application like Tabtrader You can monitor every swing to be aware of when it is time to purchase more or make profits.

If your cryptocurrency has been held for a while it's possible to get airdrops, and then transfer them into wallets. Trustwallet. Imtoken. Myetherwallet.

Your 12-word phrase must be stored in order to recover your valuable asset in the unlikely event that the host device you are using is lost or stolen.

Conclusion
All this information makes you your own bank and permit you to transact anywhere and at any time you wish.

Perhaps you've got enough return on investment to give your money to your favorite charities.

You can follow Arif Efendi on Twitter here: https://twitter.com/arifouo


Website: https://www.ketebe.org/sanatkar/bakkal-arif-efendi-170