Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was an investor and businessman who saw that cryptocurrencies were an investment option that was viable. In this piece, he shares his learnings and thoughts.

Arif Efendi discusses the reason Crypto is different from stocks.
Investors such as myself need to know the difference between stock and cryptocurrency. Although they share a few similarities, cryptocurrencies are not the exact same as stocks.

Cryptocurrency refers to the concept of a digital currency that records transactions through a decentralized system employing cryptography rather than a central authority. In contrast, stocks, also called equity, are securities that depict the ownership of a portion of a company.

The purchase of crypto and stocks is to gain capital appreciation, especially when an asset is increasing in price.

Why people buy cryptocurrency and stocks
Stocks are bought to influence or vote on company decisions. Also, they invest to receive dividends, which the company distributes to their shareholders.

It's simple now to invest digitally in shares and crypto with the latest-generation marketplace.

Although the process may look like it does, there are a lot of differences. It is possible to trade cryptocurrency anytime of the day, regardless of whether you are regulated by the Securities and Exchange Commission regulates the stock market.

It is also possible to trade cryptocurrency using other crypto trading pairs as well as fiats.

Trading Crypto vs. Swing Trading
You might be wondering why it is more profitable to trade cryptocurrency regardless of the volatility.

A large market cap can result in a fluctuation of 5% to 10% on crypto, while smaller cryptocurrencies can see gains of 10x within a single day.

It's not commonplace in stocks.

To illustrate, if you invested $1000 in Solana's Solana stock on January 1, 2021, for $1.837, your investment today would be worth $182,000 at the current prices for trading of $182.

If you have a strong grasp of crypto, it can yield a lot of rewards. The money could come from a person who is not your own. There is no central authority that regulates cryptocurrency.


Cost of production, supply, and demand are the main elements that determine their value.

Understanding Demand and Supply in Cryptocurrency
In our economics textbook we are able to recall that if demand for an asset rises higher than supply, the price of the asset will increase.

If there's an earthquake that strikes a certain 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 approaching the point of mass adoption, and investors from institutions like MicroStrategy or a country such as Ecuador are placing huge bets on cryptocurrency. This is an exciting time to live!

It is important to recognize the risks of volatility
The value of crypto fluctuates in the same way as the stock market. Many want to join crypto and earn a 100x profit.

While there is no utmost assurance that an asset will always be profitable however, it is essential to know when you should buy an asset, and then sell it to take profit.

Arif Efendi Warren Buffet said, "Be fearful when people are greedy , and be greedy when others are afraid."

Arif Efendi The majority of people who work in the crypto space are fearful. The bear market is the ideal place to buy cryptocurrency. The asset is down. https://notes.io/qB95W If Harry, Dick and Tom panic-sell.

If individuals become stressed and scared, they could be unable to hold their assets. It is possible to make your own list of cryptocurrencies that you're interested in investing in and wait for them to come up.

A great investment time is during the weekend, when the majority of institutional investors have closed their trading.

Traditional investment requires an intermediary. Modern crypto buying can be done from the comfort in your living room.

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

My number one pick was Solana. Arif Efendi POLIS followed by AVAX and ATLAS.

It is even easier now to monitor and track your preferred coins. With an app such as Tabtrader You can monitor each swing and know when to buy more or take profits.

If you've been storing your cryptocurrency for a long time and you're able to get it back and enjoy airdrops. Arif Efendi You can also move them to wallets such 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 event of the host device you are using is lost or taken.

Conclusion
You are your bank with all of this data. You can transact anywhere around the globe at any time.



Website: https://www.newswise.com/articles/arif-efendi-applauds-global-renewable-energy-efforts