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Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, an experienced investor and businessman was aware that cryptocurrency have become an investment option. In this piece, he shares his experiences and tips

Arifefendi discusses how Crypto is different from Stocks
Knowing the difference between stocks and cryptocurrency is essential if you're an investor, like me. Stocks and cryptocurrencies share some similarities but they are not one in the same.

Cryptocurrency, a digital asset which is used to store and verify transactions utilizes cryptography as an alternative to a central authority. Stocks, also known equity, are securities that represent ownership of a portion of a business.

Capital appreciation is the primary reason for people to invest in cryptocurrency and stocks. Arif Efendi This is particularly true when the asset is rising in value.

What are the reasons people choose to invest in cryptocurrencies and stocks?
Stockholders buy stock to vote, and they have an influence on the company's decisions. Additionally, they invest in order to earn dividends which the company distributes to its shareholders.

Arif Efendi It's easy to invest digitally in crypto and stocks through the new technology marketplace as well as a myriad of mobile investment apps.

The process may appear identical, however there are some important distinctions. It is possible to trade cryptocurrency at any time you want, even though the Securities and Exchange Commission regulates the trading of stocks.

You are also able to trade with other cryptocurrency trading pairs.

Arif Efendi Trading Crypto vs. Swing Trading
You might be wondering what makes trading in cryptocurrency more profitable, despite its volatile nature.

It is possible to see a 5% to 10% swing on crypto with a large market cap, even smaller cryptos can reach 10x in a particular day.

This is a very scarce item.

If you had invested $1000 in Solana at $1.837 1st January 2021 the investment would be worth $182,000 at the current price of $182.

If you've got a solid hand, crypto investment can yield a lot of rewards. A noob may ask where the money is coming from. It's impossible to regulate cryptocurrency from a central agency.

Production costs are affected by demand and supply. Adoption and availability on exchanges and utilities are also important.

Understanding Supply and Demand in Cryptocurrency
From our textbook on economics, we know that if the demand for an asset goes up faster than the supply, the price of that asset will increase.

https://foursquare.com/v/arif-efendi/528bca16498ec64f87dca04e For instance when there is an earthquake that strikes a particular area where water is needed, the cost will rise if demand remains constant. The same economic concept applies for cryptocurrencies.

We are nearing the point of mass adoption and we are beginning to see institutional investors like MicroStrategy and countries like Ecuador investing heavily in cryptocurrencies. What a great time to be alive

Be aware of the volatility risks
The price of crypto fluctuates in the same way as the stock market. Many people wish to join the crypto market and earn 100x profit.

It is difficult to know the future of an asset. being profitable. Arif Efendi But, it is important to know when you should buy or sell an asset.

Warren Buffet stated, "Be fearful when other people are insecure and greedy while other people are afraid."

A lot of people working in the cryptocurrency sector are worried. Bear markets are the best time to invest in crypto. If the price of the cryptocurrency is going down. If Harry, Dick and Tom panic-sell.

If people feel anxious or scared, they may lose their assets. Make a list of the cryptocurrencies you would like to invest in , and wait for the red candles to appear.

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

There is a shift from traditional investment methods in which a broker is mandatory, to newer methods that allow you to buy crypto from your home.

Should I Buy a Cryptocurrency?
You can choose from many different cryptocurrencies when you visit coinmarketcap.com.

https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759 My favorite is Solana. This was followed by VAX, POLIS, and ATLAS.

It's even easier to monitor and track your preferred coins. Tabtrader is an app which lets you track every swing and see when it's time for you to earn or buy more.

If you've held onto your cryptocurrency for a long time it's possible to take it and get airdrops. It is also possible to transfer your coins to wallets like Trustwallet or Imtoken and then create passwords that are secure to protect them.

It is also important to keep your 12-word phrase so you can restore your investment in the event that the host device is lost or stolen.

Conclusion
By this, your bank is your bank. You can make transactions at anytime, anyplace in the world.

Perhaps you've got enough ROI to donate to your preferred charity.

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

Arif Efendi
Read More: https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759