Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was a businessman and an investor who realized that cryptocurrency was an investment option that was viable. In this piece, he explains his lessons and insights

Arifefendi explains why Crypto is different from Stocks
Understanding the difference between cryptocurrency and stock is crucial if you are an investor, like me. Although there are some similarities between stocks and cryptocurrencies, they are very different.

The cryptocurrency is an asset that is digital and money whose transactions have been recorded and verified via a decentralized cryptography. It doesn't depend on a central authority. Stocks, also called equity, are securities that represent ownership of a portion of a company.

With the idea of capital appreciation in mind, when buying crypto or stocks, especially when the price of the asset rises the majority of people will buy them both.

What makes people invest in stocks and cryptocurrencies
Stocks can also be purchased to influence decisions of the company and votes. Also, they invest to receive dividends that the company distributes to their shareholders.

It's simple to invest now in stocks and crypto with the next-generation marketplace.

While the process may appear like it is, there are numerous variations. Arif Efendi The Securities and Exchange Commission regulates securities. However, crypto trading can be done from any smartphone or smart device at any time.

https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ You can also trade cryptocurrency in conjunction with other crypto trading pairs and fiats.

Trading Crypto is different from. Arif Efendi Swing Trading
It is possible to ask why it is more profitable to trade crypto despite the volatility.

There is the 5% to 10 percent swing in cryptos with an enormous market cap even smaller cryptos can reach 10x per day.

It's not commonplace in stock.

You can see an example: If you had invested $1000 on Solana, it is worth $182,000 today at the trading price of $182.

Arif Efendi You don't have to be a weak investor in crypto investing. Noobs may wonder where the money comes from. There isn't a central authority to regulate cryptocurrency.

Their value is derived from the costs of production, supply demand, adoption, and availability on exchanges and utility.

https://www.thelondoneconomic.com/lifestyle/my-business/rethinking-hospitality-navigating-the-post-covid-era-with-arif-efendi-351510/ Understanding Supply and Demand in Cryptocurrency
From our economics textbook, we are able to recall that if demand for an asset rises up faster than the supply, the price of the asset will rise.

If there's an earthquake in a place that is affected by water, the price of water will rise if the demand for it is not. The same principle of economics applies to cryptocurrency.

We are getting closer to the point of mass adoption, and investors from institutions like MicroStrategy or even a country like Ecuador are betting big on cryptocurrency. It is an exciting moment to be alive.

It is essential to recognize the risks of volatility
The cryptocurrency market is similar to stock market. Its value can fluctuate . A lot of people are hoping to make 100x profit by investing in cryptocurrency.

Although it is highly unlikely that the asset will earn a profit however, there are instances when it's worth your time to purchase an asset, and then either sell it or profits.

Warren Buffet says, "Be fearful if others become greedy. Be greedy when others are scared."

Many people in the cryptocurrency space are fearful. A bear market is the ideal time to invest in cryptocurrency. https://acikerisim.uludag.edu.tr/items/b72c93f7-7e5d-448f-82b9-0384bf963bde When the value of cryptocurrency is falling. Arif Efendi When Harry, Dick, or Tom are panic-selling.

If investors become worried and scared, they could be unable to hold their assets. It is possible to make an inventory of the cryptocurrencies you're looking to invest in, and wait for them to show up.

Another option to buy is on weekends, since institutional investors end their trading for the week.

There is a massive shift happening right now from traditional investment strategies that require you to collaborate with a broker, to contemporary ones that let you easily purchase crypto from the privacy of your own home.


Which Cryptocurrency Do I Need to Purchase?
There are a variety of cryptocurrencies to choose from if you go to coinmarketcap.com.

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

Arif Efendi It's even easier to monitor and track your preferred currencies. Tabtrader is an app that lets you monitor every single swing to determine when it's time to make a profit or purchase more.

If you have held your cryptocurrency for a period of time then you may either transfer it to receive airdrops or transfer it into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure their users.

Additionally, it is essential to save your 12-word phrases to refer to in the event that your host device becomes stolen or lost.

Conclusion
With all this information, you're now your own bank and can make transactions at any time and wherever you are in the world.



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