Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi was a businessman and investor who realized that cryptocurrency was a viable investment asset. In this piece Efendi shares his experiences and insights.

Arif Emendi clarifies the differences are between shares and Crypto
Understanding the difference between stocks and cryptocurrency is vital if you're an investor, like me. Stocks and cryptocurrencies share many similarities, however they aren't exactly the same.

Cryptocurrency is a digital asset or currency whose transactions are recorded and verified using a decentralized system via cryptography instead of a centralized authority. Stocks, also called securities or equity, signify ownership of a particular portion of a business.

With the idea of capital appreciation in mind when purchasing stocks or crypto, particularly when the price of the asset rises, people tend to buy them both.


Why people Buy Cryptocurrencies and Stocks
Stocks are purchased by individuals to vote in company decisions. They may also invest in stocks to collect dividends from companies.

It's simple to invest in crypto and stocks today using the market of the future and other mobile investment apps.

Despite the fact that the process is similar, there are some significant distinctions. You can trade cryptocurrency any time you'd like, even though the Securities and Exchange Commission regulates the stock market.

You can also trade crypto with other trading pairs in crypto, or fiats.

Trading Crypto is different from. Swing Trading
You might be wondering why trading crypto is so profitable, despite its volatility.

It is possible to see an 5%-10% swing on crypto with the largest market cap even smaller cryptos can reach 10x per day.

It's true that this is quite rare in stocks.

For example, if you had put $1000 into Solana 1st January 2021, at $1.837 the investment would be worth $182,000 at the price of trading of $182.

If you're a skilled grasp of crypto, it can be very rewarding. Noobs may wonder where the money comes from. There is no central authority to regulate cryptocurrency.

Therefore, their value stems from the costs of production, supply, demand, adoption and availability on exchanges and utilities.

Understanding Supply and Demand in Cryptocurrency
Our textbook on economics instructs us that if demand for an asset increases more quickly than supply, the asset's price will also increase.

In the case of earthquakes, for example, they can trigger prices for water to rise in some regions. The same economic principle applies for cryptocurrencies.

We are now in the stage of mass adoption, and organizations such as MicroStrategy, as well as Ecuadorean investors are placing their bets on cryptocurrency. This is a fantastic time to be alive!

Recognize the Risks of Volatility
The cryptocurrency market is like stock markets. Its value can fluctuate . Many want to join crypto and make 100x profits.

Although it is unlikely an investment will continue to be profitable There are times when it is worth your time to purchase an asset, and then either sell it or profits.

Arif Efendi According to Warren Buffet, "Be fearful when others are greedy and be greedy when other are afraid."

Many people who work in the cryptocurrency space are worried. The best time to invest in cryptocurrency is in the bear market. When the value of cryptocurrency is falling. If every Tom, Dick and Harry is panic-selling.

Arif Efendi If individuals become stressed and fearful, they could lose their investments. You should make a list of cryptocurrencies that you wish to invest in and watch for red candles to appear.

https://picryl.com/topics/bakkal+ahmed+arif+efendi A weekend is an excellent time to invest in a new car, since the majority of institutional investors will have closed their trades for that week.

Today, there's significant change in the way we make investments. Arif Efendi Instead of requiring a broker, you can buy crypto from your bedroom.

What Cryptocurrency Should I Buy?
There are a variety of cryptocurrencies to select from if you check coinmarketcap.com.

My personal favorite was Solana. This was followed by VAX, POLIS, and ATLAS.

It is even easier now to keep track of and monitor your preferred coins. Arif Efendi Tabtrader lets you track every move so that you can decide when to take profits or invest in more.

If you've been holding onto your cryptocurrency for a long time and you're able to take it and get airdrops. You can also move your coins to wallets like Trustwallet or Imtoken and then create passwords that are secure to protect them.

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

Conclusion
All of this information makes you your bank. You can transact anytime, anywhere around the globe, using everything you own.

Arif Efendi

Read More: https://filkom.ub.ac.id/profile/staff/arif.efendi