Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was a businessman and an investor who saw that cryptocurrencies were an investment option that was viable. Here are his thoughts and lessons.

Arif Efendi explains the differences between Crypto and. Stocks
It is essential to be able to distinguish between cryptocurrency and stock if you are like me who is an investor. While they have some similarities, they're not identical to stocks.

Cryptocurrency is the term used to describe an electronic currency whose transactions are recorded by a decentralized system that uses cryptography rather than a central authority. Stocks, also known as securities or equity, signify ownership of a certain part of a firm.

With the thought of capital appreciation in mind when buying stocks or crypto, particularly when prices rise, people tend to buy both.

What makes people purchase cryptocurrency and stocks?
Stocks are purchased by shareholders to vote for company decision-making. Also, they invest to receive dividends that the company distributes to their shareholders.

It's easy to invest digitally in crypto and stocks today with the next-generation marketplace and various mobile apps for investing.

While the process may seem similar, there are still important distinctions. You can trade cryptocurrency any time you'd like, even though the Securities and Exchange Commission regulates stocks.

Arif Efendi Trade in crypto using fiats or other trading pairs for crypto.

Trading Crypto and. Swing Trading
There is a possibility to ask why it's more profitable trading cryptocurrency, despite the fluctuation.

Crypto with large market caps can swing 5% to 10 percent, while smaller ones can reach 10x in one day.

This is actually a very uncommon situation in stock.

For instance If $1000 had been placed in Solana on January 1, 2021 at $1.837 The investment would have been worth $182,000 at the time of writing. It is now $182.

It can be rewarding , if you're not a weak hand. An uninitiated person may be curious about where the money comes from. There isn't a central authority to regulate cryptocurrency.

Their value is therefore determined by the costs of production and consumption, demand and supply adoption, and the availability on exchanges for utilities and utilities.

http://lineyka.org/user/Arif-Efendihnfu865/ Understanding the Supply and Demand of Cryptocurrency
The textbook of economics tells us that the cost of an asset can rise if its demand grows faster than its supply.

https://anekdotoes.ru/user/Arif.Efendirhfz668/ For instance in the event of an earthquake in a location where water is needed, the cost will increase if the demand for water is not changing. This economic principle also applies to cryptocurrency.

We are in the mass adoption phase and organizations such as MicroStrategy, and Ecuadorean investors are betting big on cryptocurrency. It's a wonderful moment to be alive!

Recognize the Risks of Volatility
The market for cryptocurrency is similar to stock markets. Its value can fluctuate . Many people want to be part of crypto and make 100x profits.

While there is no utmost guarantee that an asset will continue to be profitable, it is always important to know when to buy an asset, and then sell it to profit.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Be greedy when others are scared."

The majority of people working in the crypto market are nervous. The ideal time to purchase cryptocurrency is in the bear market. The price of cryptocurrency is dropping. If Harry, Dick, or Tom are selling in a panic.

People who are anxious can risk losing their investment if they're worried and anxious. Make a list of the cryptocurrency you would like to invest in and then wait for the candle to light up red.

An ideal time to invest is during the weekend, when the majority of institutional investors have shut their trading.

At present, we're experiencing a huge shift from the old ways of investing, which requires you to require a broker, to a modern way, which allows you to buy cryptocurrency from the comfort of your room.

What Cryptocurrency should I purchase?
There are a myriad of cryptocurrencies if you visit coinmarketcap.com.

My favorite has been Solana. It was followed by VAX, POLIS, and ATLAS.

It's easier than ever to monitor and track your favorite coin. With an app such as Tabtrader, you check each swing and know when to buy more or make profits.

Arif Efendi Arif Efendi If you hold your cryptocurrency for a prolonged period of time, you have the option to collect airdrops, or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. Use secure passwords to safeguard your cryptocurrency.

Arif Efendi Your 12-word phrase should also be stored to ensure that you can restore your investment in the unlikely event the host device you are using is lost or taken.

Conclusion
With all of this information, you are your bank, and can transact at any time and anywhere you find yourself anywhere in the world.


Website: http://lineyka.org/user/Arif-Efendihnfu865/