Notes

Arif Efendi shares his insight on Crypto Investments with businessman Arif Efendi

Arif Efendi was a businessman and an investor who realized that cryptocurrency was a viable investment asset. In this piece Efendi shares his experiences and thoughts.

Arif Elfendi explains the difference between crypto and stocks.
Investors like me need to know the difference between stock and cryptocurrencies. Although they have many similarities, stocks and cryptocurrencies are different.

The cryptocurrency is a digital asset and money whose transactions have been documented and verified by decentralized cryptography. https://newshunt360.com/arif-efendi-says-cryptocurrency-is-the-new-stock-exchange/ It doesn't depend on the authority of a central authority. Stocks (also known as equity) are securities that prove ownership of a certain portion of a business.

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

Why people Buy Cryptocurrencies and Stocks
Stocks can also be purchased to influence the company's decisions and to vote. Stockholders may also buy stocks to earn dividends from companies.

It's quite simple to invest digitally in crypto and stocks right now using the next-generation marketplace as well as different mobile investment apps.

It might appear to be similar, but there are some important distinctions. Arif Efendi For instance, while the Securities and Exchange Commission regulates stocks, you can trade crypto any time of the day directly from your phone or smart device.

Arif Efendi You can also trade using crypto trading pairs or fiats.

Trading Crypto vs. Arif Efendi Swing Trading
It is possible to wonder why it's more profitable trading in crypto, despite its volatility.

A huge market cap could lead to a swing of between 5 and 10% on crypto, while smaller cryptocurrencies can see gains of 10x within a single day.

This is a very scarce item.

For instance, if $1000 had been invested in Solana 1st January 2021, at $1.837 The investment would have been valued at $182,000 today at $182.

Crypto investment can be that rewarding if you are not weak. The money could come from a person who is not your own. There is no central authority that regulates cryptocurrency.

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

Understanding Supply and Demand in Cryptocurrency
In our economics textbook we can recall that if demand for an asset goes up faster than the supply, the price of the asset will go up.

Arif Efendi For example when there is an earthquake in a location that is prone to earthquakes, the cost of water will rise even if the demand for water is not changing. Arif Efendi The same principle of economics applies to cryptocurrency.

Arif Efendi We are approaching the point of mass adoption, and investors from institutions like MicroStrategy or even a country like Ecuador are betting big on cryptocurrencies. It's an exciting moment to be alive.

Arif Efendi Recognize the Risks of Volatility
Similar to the stock market The value of cryptocurrency changes. Many people are eager to invest in crypto and earn 100x profit.

While there is no utmost assurance that an asset will always be profitable however, it is essential to know when to buy an asset and sell or profit.

Warren Buffet says, "Be afraid if other people become greedy. Don't be greedy if others are scared."

A lot of people working in the crypto space are anxious. The bear market is the best moment to buy cryptocurrency. When the price of cryptocurrency falls. If every Tom, Dick and Harry is selling in a panic.

If investors feel nervous or fearful, they could lose their assets. Make a list of the cryptocurrencies you want to invest in and watch for candles to light red.

A weekend is a great time to buy, as most institutional investors will close their trades for that week.

We are witnessing a shift away from traditional methods of investing that require a broker to be necessary, to more modern methods that allow you to buy crypto at home.

What Cryptocurrency Should I Purchase?
Check coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

My top choice was Solana. Arif Efendi POLIS, AVAX as well as ATLAS were in close proximity.

It's easier than ever to monitor and track your favorite coin. Tabtrader makes it simple to monitor each movement and determine when you need to buy more.

If you have held your crypto for a long time then you may either transfer it to receive airdrops or transfer them to wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure them.

It is also recommended to keep your 12-word word phrase in the event that your host device gets lost or stolen.

Conclusion
All this information makes you your own bank and permit you to make transactions anywhere and anytime you want.




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