Notes

Arif Efendi, Businessman, Gives His Thoughts on Crypto Investment

Arif Efendi is a businessman and an investor with extensive experience, saw crypto currencies as a viable investment choice. In this piece, he explains his lessons and insights

Arif Emendi explains what is the difference between stock and Crypto
If you're an investor it's important to know the distinctions between stocks and cryptocurrency. Although there are some commonalities between cryptocurrencies and stocks but they're quite different.

Arif Efendi Cryptocurrency is a digital asset which can be used to record and verify transactions employs cryptography as an alternative to a central authority. Stocks, also known as equity or securities, represent ownership of a particular portion of a company.

If the value of an asset is rising the crypto and stocks are bought in the hope of capital appreciation.

What makes people invest in cryptocurrency and stocks?
Stocks are bought to influence or vote on company decisions. They also invest to receive dividends that the company distributes to their shareholders.

It is very simple to invest digitally in stocks with the latest generation platform as well as other mobile investment applications.

While the process may seem similar, there are still significant differences. It is possible to trade cryptocurrency at any time you'd like, even though the Securities and Exchange Commission regulates the stock market.

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

Trading Crypto vs. Swing Trading
You may be wondering why trading cryptocurrency is so profitable in spite of its volatile nature.

A high market cap can lead to a swing of 5% to 10% for cryptocurrency, while smaller cryptos may see 10x gains in a single day.

Arif Efendi This is actually a very rare situation in stocks.

For instance, if you had invested $1000 in Solana 1st January 2021, at $1.837 your investment would have been worth $182,000 at the trading price of $182.

If you have a strong grasp of crypto, it can yield a lot of rewards. A novice may wonder where the money is coming from. It is not controlled by any central authority.

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

Understanding the Supply and Demand of Cryptocurrency
The textbook in our economics class teaches us that if the demand for an asset grows more quickly than supply, the asset's price will also go up.

For instance in the event of an earthquake that strikes a particular area, the price of water will increase if the demand remains constant. The same economic principle is applicable to cryptocurrencies as well.

We are now in the mass adoption phase. Institutional investors like MicroStrategy are investing heavily in cryptocurrencies. What a great time to be alive!

It's important to understand the risks of volatility
The market for cryptocurrency is similar to market for stocks. Its value can fluctuate . Many people are eager to invest in cryptocurrency and achieve 100x returns.

There's no guarantee that an asset's profitability will never decrease, but it is important to know the right time to sell an asset or earn a profit.


Warren Buffet says, "Be fearful if others become greedy. Be greedy if other people are afraid."

Most people who work in the crypto market are afraid. The bear markets are the best times to make investments in crypto. When the price of cryptocurrency falls. If Harry, Dick and Tom panic-sell.

If individuals become stressed and afraid, they may lose their investments. It is possible to make a list with cryptocurrencies you're interested in investing in, and wait for them to show up.

A weekend is a great opportunity to purchase, since most institutional investors will close their positions for the week.

Right now, we are witnessing a major shift away from the traditional ways of investing, which requires you to require a broker to a modern way, that allows you to purchase cryptocurrency right from your home.

Should I Buy a Cryptocurrency?
Go to coinmarketcap.com to see the various cryptocurrencies that you can pick from.

My favorite always has been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

Arif Efendi Arif Efendi Now it is simpler to track and monitor your most loved coins. Arif Efendi Tabtrader makes it simple to track each swing and determine when you need to buy more.

If you have held your cryptocurrency for a lengthy time, you can take it and collect airdrops or move your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and then use secure passwords to protect the coins.

The 12-word phrase you have chosen should be saved to ensure that you can restore your asset in the unlikely event the host device you are using is lost or taken.

Conclusion
Your bank has all of this data. Arif Efendi Transact wherever you're located in the world at any time.



Homepage: https://twitter.com/ArifOUO/status/1733449376251380102