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Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi was a businessman and an investor who realized that cryptocurrency was an investment opportunity. He shares his experiences and lessons learned in this article.

Arif Elfendi explains differences between stocks and crypto
A person like me who invests in stocks needs to be aware of the distinctions between stock, cryptocurrency, and other investments. Although they share some similarities, they aren't the exact same as stocks.

Arif Efendi Cryptocurrency is the concept of a digital currency which is backed by a decentralized system using cryptography instead of a central authority. However stock, also known as equity are securities that show ownership of a particular part of a firm.

Arif Efendi With capital appreciation in mind when buying crypto or stocks, and especially when the price of the asset rises the majority of people will buy them both.

Why People Buy Cryptocurrencies and Stocks
Stocks can be bought to vote or influence company decisions. Investors also purchase stocks to receive dividends that the company gives to shareholders.

It's very easy to invest now in shares and crypto through the next-generation marketplace.

Arif Efendi It may seem like identical, however there are significant differences. For instance, even though the Securities and Exchange Commission regulates the stock market, you are able to trade crypto anytime of the day using your mobile phone or your smart phone.

Trade in crypto using fiats or other trading pairs of crypto.

Trading Crypto is different from. Swing Trading
There is a possibility to ask what the reason is for trading crypto, despite the high volatility.

A large market cap can result in a fluctuation of 5% to 10% on cryptocurrency, while smaller ones may see 10x gains in just a day.

This is a very scarce item.

For instance, if you were to have invested $1000 in Solana 1st January 2021 at $1.837, your investment would be worth $182,000 right now at the current trading price of $182.

If you have a strong grasp of crypto, it can be very rewarding. Noobs may wonder where the money originates. The cryptocurrency market is not regulated by a central entity.

Cost of production, supply, and demand are the primary elements that determine their value.

Understanding Demand and Supply in Cryptocurrency

The economics textbook tells us that the price of an asset will rise in the event that its demand increases more rapidly than its supply.

If there's an earthquake that strikes a certain location, the cost of water will increase even if the demand remains static. Arif Efendi The same principle of economics is applicable to cryptocurrencies.

We are now in the phase of mass adoption. https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=441&Itemid=105 Investors from institutions like MicroStrategy are investing heavily in cryptocurrency. What a great moment to be alive!

It is important to be aware of the risks of volatility
The cryptocurrency market is similar to stock markets. https://twitter.com/ArifOUO/status/1733449376251380102 Its value can fluctuate . Many people are eager to get into crypto and earn 100x earnings.

Although it's not certain that an asset will remain profitable for a long time it is essential to know when an asset should be bought and removed from profit or sold.

Warren Buffet stated, "Be fearful when others get greedy, and you should be greedy when others are afraid."

Most people in the crypto sector are scared. Bear markets are the best times to invest in crypto. If the price of the cryptocurrency is going down. Panic-selling happens when every Harry, Dick, and Tom is falling.

If individuals become stressed and scared, they could lose their investments. Make a list of cryptocurrencies that you wish to invest in and watch for candles to light red.

The best investment time is during the weekend, when the majority of institutional investors have closed their trades.

Arif Efendi We are witnessing a shift from traditional investing methods in which a broker is required, to modern ways, where you can buy cryptocurrency from the comfort of your home.

Which Cryptocurrency Do I Need to Buy?
There are many cryptocurrencies available to choose from if you visit coinmarketcap.com.

Arif Efendi My favorite option has been Solana, followed closely by AVAX and POLIS.

It is even easier now to keep track of and monitor your preferred coins. Tabtrader is an application that allows you to check every move and determine when it's time for you to earn or purchase more.

If you've been holding your cryptocurrency for a period of time, you can either take the cryptocurrency and get airdrops or move them into wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords can be used to safeguard them.

Your 12-word phrase should also be kept in order to recover your valuable asset in the unlikely event your host device goes missing or stolen.

Conclusion
All this information will make you your own bank and permit you to conduct transactions wherever and at any time you wish.



My Website: https://www.adscientificindex.com/scientist/arif-efendi/4959594