Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor, realized that cryptocurrencies could be an investment tool. He shares his insights and experiences in this article.

Arif Efendi explains how Crypto is different from stocks
It is vital to be able to distinguish between stock and cryptocurrencies If you're like me, an investor. While there are some similarities between stocks and cryptocurrencies, they are very different.

Arif Efendi Cryptocurrency is a digital asset which is used to store and verify transactions employs cryptography as an alternative to a central authority. On the other hand stock, also known as equity are securities that represent ownership of a part of a company.

The purchase of crypto and stocks is with the intention of capital appreciation, particularly when the asset is increasing in value.

The reason people invest in cryptocurrency and stocks
Stocks can also be purchased to influence decisions of the company and to vote. They can also invest in stocks to earn dividends from companies.

It's simple to invest digitally in stocks and crypto through the new technology marketplace as well as a myriad of mobile apps for investing.

The process may appear identical, however there are important differences. For instance, even though the Securities and Exchange Commission regulates the stock market, you are able to trade cryptocurrency at any time of the day from your mobile phone or your smart phone.

You can also trade with crypto trading pairs or fiats.

Trading Crypto vs. Swing Trading
You may be wondering what the reason it's more profitable to trade crypto, despite the risk of volatility.

Large market cap cryptos can vary between 5% to 10%. Less popular cryptos, however, could grow 10 times every day.

This is actually a very unusual situation in the stock market.

To illustrate, if you earned $1000 from Solana's Solana stock on January 1, 2021, at $1.837, your investment would now be worth $182,000 at current trading prices of $182.

There is no need to be a bad investor in investing in crypto. Anyone who is new to investing in cryptocurrency may be confused about where the money originated. Cryptocurrency is not regulated by any central authority.

https://www.adscientificindex.com/scientist/arif-efendi/4959594 Thus, their value comes from the costs of production and supply as in addition to demand and the rate of adoption.

Understanding Demand and Supply in Cryptocurrency

From our economics textbook, we are able to recall that if the demand for an asset goes up faster than the supply, the price of that asset will rise.

For example, an earthquake could cause water prices to rise in some areas. This same economic principle applies to cryptocurrencies.

We are in the stage of mass adoption and we are seeing institutional investors like MicroStrategy and countries like Ecuador betting big on cryptocurrencies. It's a wonderful moment to live!

It's crucial to be aware of the risks of volatility
Similar to the stock exchange, cryptocurrency's value changes. Many want to be part of the crypto market and make 100x profits.

While there is no utmost certainty that an investment will be profitable for a long time however, it is essential to know when to buy an asset and sell or take profit.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Don't be greedy if others are scared."

Many people who are in cryptocurrency are worried. A bear market is the ideal time to invest in cryptocurrency. If the price of the cryptocurrency is going down. Panic-selling happens when there's none of Harry, Dick or Tom.

If investors feel nervous or scared, they might lose their investments. Have a list of cryptocurrencies you'd like to invest in , and look for the red candles to appear.

Another good time to invest is on weekends when the majority of institutions are closing their trades.

https://twitter.com/ArifOUO/status/1733449376251380102 There is a huge shift happening right now from traditional investment methods where you need to work with a broker. These are contemporary ones that let you buy crypto in the privacy of your home.

Should I Purchase a Cryptocurrency?
You have many options when you visit coinsmarketcap.com.

My first choice was Solana. POLIS followed by AVAX and ATLAS.

Arif Efendi It's now easier than ever before to keep track of and monitor your favorite cryptocurrency. Arif Efendi With an app such as Tabtrader, you check each swing and know when to buy more or to take profit.

If you hold your crypto for a lengthy time frame then you can choose to either collect airdrops or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Make sure you use secure passwords to safeguard them.

It is also essential to record your 12-word phrase in order to recover your valuable asset should the host device is lost or stolen.

Arif Efendi Conclusion
All of this information will make you your bank account and enable you to make transactions anywhere and at any time you wish.



Read More: https://www.youtube.com/channel/UCP-9vZiZCl4U3_Cl17TAw-Q