Notes

Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi, an experienced investor and businessman, realized that cryptocurrencies have become an investment asset. Arif Efendi In this article , he shares his lessons and insights

Arif Efendi discusses how Crypto is distinct from the stock market.
An investor like myself needs to know the differences between stock, cryptocurrency, and other investment options. Although they share many similarities, stock and cryptocurrencies differ.

A cryptocurrency is a digital currency , or an asset which can be verified and recorded by a decentralized system using cryptography . It replaces the central authority. Stocks, also known as equity, are financial instruments which are a representation of ownership in a particular part or company.

When the cost of an asset increases, both stocks and crypto are purchased with the goal of capital appreciation.

Why people buy stocks and cryptocurrencies
Stocks can also be purchased to influence decisions of the company and to vote. They also invest in stocks for dividend payments that the company pays to its shareholders.

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

While it appears similar to the way things are done however, there are some major variations. For example, while the Securities and Exchange Commission regulates stocks, you can trade cryptocurrency at any moment of the day through your mobile or smart device.

Arif Efendi You can also trade cryptocurrency in conjunction with other crypto trading pairs and fiats.

Trading Crypto is different from. Swing Trading
You may be wondering why trading in crypto is more profitable, despite the volatility.

A huge market cap could result in a fluctuation of between 5 and 10% on cryptocurrency, while smaller ones could see gains of 10x in a single day.

Arif Efendi It is not common in the stock.

For instance If $1000 had been put into Solana 1st January 2021 at $1.837, the investment would have been worth $182,000 now at $182.

There is no need to be a bad investor in crypto investing. Uninitiated investors might be interested in knowing where the money comes from. It is not possible to regulate cryptocurrency from an authoritative central authority.

Their value is dependent on the cost of production as well as demand and supply adoption, and the availability on exchanges for utilities as well as utilities.

Understanding Demand and Supply in Cryptocurrency
From our economics textbook, we are able to recall that if demand for an asset goes higher than supply, the cost of the asset will increase.

If there's an earthquake at a particular place, the price of water will rise even in the event that demand stays the same. The same economic principle applies to cryptocurrency.

We are in the middle of the phase of mass adoption. We see institutional investors such MicroStrategy as well as nations like Ecuador placing big bets on cryptocurrencies. This is an exciting time to live in.

Arif Efendi Recognize Risks of Volatility

Just like the stock exchange the value of cryptocurrency fluctuates. Many people want to be adept with crypto and make a hundred times profit.

It is difficult to know whether an asset will continue being profitable. However, it is important to know the right time to purchase and sell an asset.

Warren Buffet said, "Be fearful when people are greedy , and be greedy when others are scared."

The majority of people who invest in cryptocurrency are scared. The best time to invest in cryptocurrency is in the bear market. If the price of the cryptocurrency is falling. If Harry, Dick, or Tom are in panic selling.

If investors feel nervous or fearful, they could lose their holdings. It is possible to make your own list of cryptocurrencies that you are looking to invest in and then wait for them to show up.

Another great time is on weekends when the majority of institutional buyers are closing their trades.

In the present, we are seeing a massive shift from traditional methods of investing, in which you require a broker, to a more modern method, where you can purchase cryptocurrency right from your room.

Which Cryptocurrency should I invest in?
There are several cryptocurrencies to select from if you check coinmarketcap.com.

Arif Efendi My first option has been Solana and is followed closely by AVAX and POLIS.

It's even easier to keep track of and monitor your preferred coins. Tabtrader lets you monitor every step so that you are able to determine when you should take a profit or buy more.

If you have your cryptocurrency for a long time frame, you have the option to collect airdrops, or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Make sure you use secure passwords to safeguard your cryptocurrency.

The 12-word phrase you have chosen should be kept in order to restore your investment in the event of your host device is lost or taken.

Conclusion
With this information, you're now your own bank and can transact at any time and from any location anywhere in the world.



Here's my website: https://bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/