Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi was a businessman and an investor who saw that cryptocurrencies were a viable investment asset. This article outlines his insights and experiences.

Arif Efendi explains how Crypto is distinct from the stock market.
An investor like myself needs to know the differences between cryptocurrency, stocks, and other investments. Both stocks and cryptocurrency have many similarities but they are not the same.

The cryptocurrency is an electronic asset and money whose transactions have been recorded and verified via a decentralized cryptography. It does not rely on the authority of a central authority. Stocks, also referred to as equity or securities, represent ownership of a certain part of a company.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ When the cost of an asset increases both crypto and stocks are bought in the hope of capital appreciation.

Why people buy Cryptocurrencies and Stocks
Stocks can also be purchased to influence the company's decisions and to vote. They also purchase shares to receive dividends that the company distributes to their shareholders.

It is quite easy to invest in digital stocks and crypto currently with the next-generation marketplace and various mobile apps for investing.

Arif Efendi However, the process may look the same, but there are still certain differences. For instance, while the Securities and Exchange Commission regulates stock, you can trade crypto anytime of the day using your mobile phone or your smart phone.

Trade in crypto using fiats or other crypto trading pairs.

Trading Crypto and. Swing Trading
It is possible to ask why it's more profitable to trade in crypto despite the volatility.

The largest market cap cryptocurrency may vary between 5% and 10 percent. Less popular cryptocurrencies, however, can grow 10 times every day.

This is a rare stock.

To illustrate, if you made $1000 in Solana's Solana stock on January 1, 2021 for $1.837 Your investment would now be worth $182,000 at current price of trading at $182.

If you're not afraid investing in cryptos can be very lucrative. An uninitiated person might wonder what the source of the money comes from. The cryptocurrency market is not governed by any central entity.

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

Understanding Demand and Supply in Cryptocurrency
Our textbook on economics shows us that if the the demand for an asset rises faster than supply, then the cost of the asset will go up.

In the case of earthquakes, for example, they can trigger the price of water to increase in certain areas. This economic principle also applies to cryptocurrency.


We are nearing the mass adoption phase. We witness institutional investors like MicroStrategy and countries like Ecuador placing big bets on cryptocurrency. What a great time to be alive!

Recognize Volatility Risks
The cost of crypto fluctuates exactly the same way as the market for stocks. A lot of people want to invest in cryptocurrency and achieve 100x returns.

Although it is unlikely an asset would continue to be profitable however, there are instances when it's worthwhile to invest in an asset and then either sell it or profits.

Warren Buffet once said, "Be fearful of others being greedy and be greedy if you are afraid of others."

Arif Efendi Arif Efendi The majority of people working in the crypto market are nervous. A bear market is the ideal time to invest in cryptocurrency. When the asset goes down. Arif Efendi If Harry, Dick, or Tom are panic-selling.

Fearful people can lose their investment if concerned and nervous. Be aware of which cryptocurrency appeal to you the most and wait for the candle in red to light up.

Another good time to invest is on weekends when the majority of institutional buyers have closed their trades.

In the present, we are experiencing a huge shift from the traditional ways of investing, which requires you to require a broker, to a modern way, which allows you to buy cryptocurrency right from your room.

Should I Buy a Cryptocurrency?
There are many options to choose from to choose from when you go to coinsmarketcap.com.

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

Now , it's easier to monitor and track your favorite coins. Tabtrader allows you to track each swing and determine when you need to purchase more.

If you've been holding onto your cryptocurrency for a while, you may be able to get it back and enjoy airdrops. It is also possible to transfer the coins into wallets like Trustwallet or Imtoken and create secure passwords to ensure their security.

Keep your 12 words handy so that you can retrieve your assets in the case of a host device getting lost or stolen.

Conclusion
Your bank has all this information. Transact wherever you're located around the globe at any time.



Website: https://thehollynews.com/arif-efendi-answers-all-your-cryptocurrency-questions/