Notes

Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi was a businessman and investor who recognized that cryptocurrencies could be an investment opportunity. In this piece, he explains his experiences and tips

Arifefendi explains why Crypto is different from Stocks
It is essential to be able to distinguish between cryptocurrencies and stocks if you are like me who is an investor. Although they share a few similarities, cryptocurrencies are not exactly the same as stocks.

The cryptocurrency is an asset that is digital and currency whose transactions are documented and verified by decentralized cryptography. It doesn't depend on a central authority. Stocks, also known as securities or equity, are the ownership of a certain part of a company.

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

Why people buy stocks and cryptocurrencies
Stocks are bought by investors to vote for company decisions. They also invest in stocks to earn dividends which the company distributes to their shareholders.

It's very easy now to invest digitally in stocks and crypto with the new-generation market.

While the process may seem the same but there are significant differences. You can trade crypto 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 with fiats or crypto trading pairs.

Trading Crypto Vs. Swing Trading
You may be wondering why it is more profitable for you to trade cryptocurrency, regardless of volatility.

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

https://scholar.google.co.id/citations?user=1H3CimcAAAAJ https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ It's true that this is extremely rare in stock.

As an example, if $1000 had been invested in Solana 1st January 2021, for $1.837, the investment would have been worth $182,000 now at $182.

Arif Efendi If you've got a solid foot, investing in crypto is a great way to earn money. A person who isn't familiar with the subject may be curious about how the money is made. Regulation of cryptocurrency isn't done by a central institution.

Therefore, their value comes from the costs of supply and production as in addition to demand and the rate of adoption.

Understanding Supply and Demand in Cryptocurrency
We can remember from economics books that if there's more demand than supply for an asset, the price of it will increase.

In the case of earthquakes, for example, they could cause water prices to rise in certain regions. This same economic principle applies to cryptocurrencies.

We are now in the mass adoption phase and organizations such as MicroStrategy and MicroStrategy, as well as Ecuadorean investors, are betting big on cryptocurrency. This is an exciting time to live in.

It's important to understand the risks of volatility

The price of cryptocurrency fluctuates in the same way as the stock market. Arif Efendi Many are keen to invest in crypto and achieve 100x returns.

Although it is not certain that an investment will be profitable for a long time It is crucial to know when an asset is best to be sold or taken profit.

Arif Efendi Warren Buffet stated, "Be be cautious when other people are greedy, and be greedy whenever you see others being afraid."

Many people who work in the cryptocurrency space are anxious. The bear market is the most profitable place to buy cryptocurrency. Arif Efendi When the value of the currency is declining. When Harry, Dick, or Tom are selling in a panic.

People who are worried and scared could lose their money. Make a list of the cryptocurrencies that appeal to you the most and then wait for the red candle to go out.

A weekend is a great opportunity to purchase, since most institutional investors will be closing their trades for that week.

Today, there's a major shift in how we invest. Instead of needing the services of a broker, you are able to now purchase crypto right in your home.

What Cryptocurrency Should You Purchase?
Go to coinmarketcap.com to see the list of cryptocurrency that you can pick from.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

Now it is easier to track and monitor your favorite coins. With an app such as Tabtrader you can track each time you swing and can determine when to purchase more coins or make profits.

If you have held your cryptocurrency for a while, you can either take the cryptocurrency and get airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords can be used to safeguard them.

It is also important to record your 12-word phrase in order to recover your asset in case the host device is lost or is stolen.

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



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