Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is a businessman and an investor with extensive experience, saw cryptocurrencies as a legitimate investment choice. This article shares his insights and experiences.


Arif Efendi explains why Crypto is different from the stock market.
Understanding the difference between cryptocurrency and stock is essential if you're an investor, like me. Although there are some commonalities between stocks and cryptocurrencies however, they're very distinct.

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

If the value of an asset increases both crypto and stocks are purchased with the goal of capital appreciation.

Why do people invest in stocks and cryptocurrencies
Stocks are bought by people who vote on company decisions. They may also invest in stocks in order to receive dividends from the company.

It is quite easy to invest in digital crypto and stocks right now with the next-generation marketplace and numerous mobile investment apps.

Although the procedure may appear identical however, there are some important distinctions. Arif Efendi You can trade crypto at any hour of the day, regardless of whether the Securities and Exchange Commission regulates the stock market.

You are also able to trade crypto with other crypto trading pairs or fiats.

Trading Crypto vs. Swing Trading
It is possible to wonder why it is more profitable trading cryptocurrency, despite the volatility.

Arif Efendi With a large market capital is expected to see an increase of 5% to 10% in crypto. However, smaller cryptocurrencies might be able to achieve 10x or higher every day.

The truth is that this is a rare item in the market.

It is possible to see an example of this: If you had put $1000 on Solana It would be worth $182,000 today at the $182 trading price.

If you're not weak investing in cryptos can be extremely lucrative. An uninitiated person might be interested in knowing where the money comes from. It's impossible to regulate cryptocurrency via an agency central to.

Cost of production as well as supply and demand are the key elements that determine their value.

Understanding the Supply and Demand in Cryptocurrency
The economics textbook tells us that the cost of an asset will rise when demand for it grows more rapidly than its supply.

In the event of an earthquake in a specific place, the price of water will rise even in the event that demand stays the same. The same economic concept applies also to cryptocurrencies.

Arif Efendi Arif Efendi We are at the point of mass adoption. Institutional investors such as MicroStrategy are investing big in cryptocurrencies. It's a wonderful time to be alive.

It's crucial to know the risks of volatility
The value of crypto fluctuates similarly as the market for stocks. Many people desire to become crypto-savvy and make 100x profit.

While there isn't any absolute certainty that an investment will be profitable for a long time It is vital to know when you should buy an asset and sell or profit.

According to Warren Buffet, "Be fearful when you see greedy people around you and be greedy when you are afraid."

The crypto community's members tend to be scared. Arif Efendi A bear market is the ideal time to invest in cryptocurrency. When the value of the currency is declining. If Harry, Dick and Tom panic-sell.

If individuals become stressed and afraid, they may be unable to hold their assets. Arif Efendi You should make a list of the cryptocurrencies you want to invest in and then wait for the red candles to show up.

Another great time to buy is during weekends, when most institutional investors are closing their trading for the week.

Right now, we are experiencing a huge shift from the old ways of investing, which requires you to need a broker, to a more modern method, where you can purchase cryptocurrency right from your home.

What Cryptocurrency Should You Purchase?
There are a myriad of different cryptocurrencies when you visit coinmarketcap.com.

My favorite choice has always been Solana and is followed closely by AVAX and POLIS.

It's simpler than ever to track and monitor your most loved cryptocurrency. With an application like Tabtrader, you check each time you swing and can determine when to purchase more coins or to take profit.

If you have your crypto for a lengthy period of time You have the option to collect airdrops, or transfer them to wallets like Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to secure your cryptocurrency.

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

Conclusion
You are your bank with all this information. Make transactions wherever you are anywhere in the world anytime.



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