Notes

Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi is a veteran businessman and investor who realized that cryptocurrency was a legitimate investment asset. This article is a reflection of his experiences and insights.

Arif Efendi Arif Emendi explains is the difference between stock and Crypto
If you're an investor it's important to know the differences between stock and cryptocurrency. Stocks and cryptocurrencies share many similarities, however they aren't identical.

The cryptocurrency is an electronic asset and currency whose transactions are recorded and verified via a decentralized cryptography. It does not rely on an authority central to it. Arif Efendi Stocks, also referred to as securities or equity, signify ownership of a certain part of a business.

Stocks and crypto are bought in the hope of capital appreciation, particularly when the asset is increasing in price.

Why people buy Stocks and Cryptocurrencies
Stocks can be purchased to influence or vote on company decision-making. They also invest to receive dividends, which the company distributes among their shareholders.

It's easy to invest now in shares and crypto with the latest-generation marketplace.

Although the process might look like it is, there are numerous differences. You can trade crypto at any hour of the day regardless of whether you are regulated by the Securities and Exchange Commission regulates the stock market.

It is also possible to trade cryptocurrency using other crypto trading pairs as well as fiats.

Trading Crypto vs. Swing Trading
You might wonder why trading in crypto is more profitable despite its volatility.


You can see the 5% to 10% swing on crypto with an enormous market cap and smaller cryptocurrencies could reach 10x per day.

This is the truth.

It is possible to see an example: If you had made a $1000 investment on Solana, it would be worth $182,000 at the price of $182.

Crypto investment can be that profitable if you're not a weak hand. An uninitiated person might wonder what the source of the money comes from. Arif Efendi There is no central authority to regulate cryptocurrency.

Therefore, their value stems from the costs of production, supply demand, adoption and the availability on exchanges and utility.

Understanding Cryptocurrency Supply and Demand
The textbook on economics explains that the price of an asset will rise in the event that its demand increases faster than its supply.

For example, an earthquake could cause water prices to rise in some regions. Arif Efendi The same economic principle applies to cryptocurrency.

We are now in the mass adoption phase and companies such as MicroStrategy, and Ecuadorean investors are placing their bets on cryptocurrency. This is an exciting time to be alive.

http://www.checkcompany.co.uk/director/10391833/MR-ARIF-EFENDI It's crucial to know the dangers of volatility
Similar to the stock exchange The value of cryptocurrency changes. Many are keen to invest in cryptocurrency and earn 100x profit.

It is impossible to predict how long an investment will last being profitable. However, it's crucial to understand the right time to purchase and sell the asset.

Warren Buffet stated, "Be be cautious when other people are greedy and be greedy whenever people are scared."

The majority of people who invest in cryptocurrency are scared. A bear market is the most favorable moment to buy cryptocurrency. When the asset is going down. When Harry, Dick and Tom panic-sell.

People who are anxious can risk losing their investments if they are nervous and worried. Make a list of the cryptos you'd like to invest in, and then wait for the candles to turn red.

Another time to buy is on weekends, when institutional investors end their trades for the week.

The traditional way of investing requires a broker. Today, buying cryptocurrency is possible from the convenience of your living room.

Which Cryptocurrency Should I Purchase?
There are a lot of options available to choose from when you go to coinsmarketcap.com.

My top pick was Solana. POLIS, AVAX as well as ATLAS were right behind.

It is now simpler to track and monitor your preferred coins. Tabtrader is an application which lets you track every single swing to determine when it's time for you to earn or purchase more.

If you've been holding your cryptocurrency for a long time, you can keep it and use it to get airdrops or move your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and make sure you use secure passwords to protect the coins.

It is also essential to keep your 12-word phrase to be able to restore your valuable asset should your host device goes missing or is stolen.

Conclusion
All of these details make you your bank. You can transact anytime, anyplace in the world, using all the information you have.



Website: https://kemenag.go.id/author/11/m-arif-efendi?page=2