Notes

Arif Efendi, a Businessman gives his insights on Crypto Investment

Arif Efendi is a seasoned investor and businessman who realised that cryptocurrency could be a legitimate investment option. Here are his thoughts and lessons.

Arifefendi explains how Crypto differs from Stocks
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor, like me. Although there are some similarities between stocks and cryptocurrencies, they are very different.

Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified through an uncentralized system via cryptography instead of a central authority. Stocks (also called equity) are securities that prove the ownership of a particular part of a company.

Cryptocurrencies and stocks are purchased in the hope of capital appreciation, particularly when the asset is increasing in price.

The reason people invest in shares and cryptocurrencies
For stocks, people buy stocks to be able to vote and influence the company's decisions. Stockholders are also able to invest in stocks to receive dividend payments from companies.

It's simple now to invest digitally in stocks and crypto through the new-generation market.

While the process may seem the same but there are significant distinctions. For instance, even though the Securities and Exchange Commission regulates the trading of stocks, you can also trade cryptocurrency at any moment of the day from your phone or smart device.

You can also trade crypto using other trading pairs of crypto or fiats.

Trading Crypto vs. Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable, despite its volatility.

You can see an 5%-10 percent swing in cryptos with an enormous market cap and smaller cryptocurrencies could reach 10x in a particular day.

This is a scarce stock.

As an example, if $1000 had been invested in Solana on January 1, 2021 at $1.837, the investment would be worth $182,000 at the time of writing. It is now $182.

It is extremely profitable to invest in crypto, if you don't have weak hands. The money may be from a foreign source. Cryptocurrency is not regulated by any central institution.

Arif Efendi Cost of production, supply, and demand are the primary variables that determine their worth.

Understanding the Supply of Cryptocurrency and Demand
According to economics textbooks, if the demand is greater than the supply, the cost of the asset will rise.

If there's an earthquake in a specific area, the price of water will rise even in the event that demand stays the same. The same principle of economics applies to cryptocurrency.

We are in the middle of the phase of mass adoption. We find institutional investors like MicroStrategy and countries like Ecuador making big bets on cryptocurrency. It's a wonderful time to live in.

Recognize the Volatility Risks
Cryptocurrency's value fluctuates like the market for stocks. Many people wish to join crypto and earn 100x profit.

Although it is not certain that an asset will remain profitable forever It is crucial to be aware of when assets should be purchased and removed from profit or sold.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Arif Efendi Arif Efendi Be greedy if other people are afraid."

Many people in the cryptocurrency sector are scared. The bear market is the most profitable time to invest in crypto. If the value of the currency drops. When Harry, Dick, or Tom are in panic selling.

If people are scared and worried, they may lose their assets. You should make a list of cryptocurrency you would like to invest in, and keep an eye out for candle to light up red.

Another good time to purchase is on weekends, since institutional investors close their trading for the week.


Today, there is an important shift in the way we make investments. Instead of needing a broker, you can now buy crypto directly in your home.

Arif Efendi What Cryptocurrency Do I Need to Buy?
Arif Efendi There are many cryptocurrencies available to select from if you go to coinmarketcap.com.

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

It's simpler than ever to track and monitor your favorite cryptocurrency. Tabtrader lets you track each movement and decide the best time to invest or profit.

If you have your cryptocurrency for a long time frame then you can choose to collect airdrops, or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to secure your cryptocurrency.

Keep a copy of your 12-word phrase just in case your host device is lost or stolen.

Conclusion
All this information makes you your own bank and permit you to conduct transactions wherever and whenever you'd like.



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