Notes

Arif Efendi, a Businessman offers insights on Crypto Investment

Arif Efendi was a businessman and an investor who recognized that cryptocurrencies could be an investment option that was viable. Here are his observations and lessons.

Arif Emendi explains the differences are between shares and Crypto
Understanding the distinction between stocks and cryptocurrency is vital if you're an investor just like me. Although there are some commonalities between cryptocurrencies and stocks but they're quite different.

The term "cryptocurrency" refers to a digital currency , or an asset whose transactions can be verified and recorded via a decentralized system by means of cryptography . This is in place of the central authority. Stocks, also known as equity, are financial instruments that are a representation of ownership in a particular part or company.

Cryptocurrencies and stocks are purchased with the intention of capital appreciation, especially when the asset is increasing in price.

Why people Buy Cryptocurrencies and Stocks
Stocks are bought by people who vote on company decisions. Investors also buy stocks for the dividend payments that the company makes to shareholders.

It's easy to invest in crypto and stocks today using the latest market technology and mobile apps for investing.

While the process might appear identical however, there are some important distinctions. The Securities and Exchange Commission regulates securities. However, crypto trading can be conducted on any mobile or smart device at any time.

You can also trade cryptocurrency with other crypto trading pairs as well as fiats.

Trading Crypto is different from. Arif Efendi Swing Trading
You may be asking yourself why trading in crypto is so profitable, despite its high volatility.

There is a 5% to 10 percent change in the price of crypto when it has a large market cap, even smaller cryptos can reach 10x in a particular day.

This is the truth.

For instance, if you were to have invested $1000 in Solana 1st January 2021, at $1.837 the investment would have been worth $182,000 right now at the current trading price of $182.

It's not necessary to be a poor investor in investing in crypto. An uninitiated person might wonder where the money is coming from. There is no central authority to regulate cryptocurrency.

Thus, their value comes from the cost of production, supply demand, adoption and availability on exchanges and utilities.

Understanding the Supply and Demand in cryptocurrency
According to economics textbooks, if the demand is greater than the supply, the cost of the asset will rise.

Arif Efendi If there is an earthquake, for example the price of water will increase when demand is low. The same principle of economics is applicable for cryptocurrencies.

We are getting closer to the mass adoption phase. Arif Efendi This is where we find institutional investors like MicroStrategy as well as nations such as Ecuador making big bets on crypto. This is a great moment to live!

It's crucial to know the risks of volatility
Like the stock market The value of cryptocurrency changes. Arif Efendi Many people are eager to invest in crypto and reap 100x profit.

While it's not guaranteed that an asset will be profit-making for the rest of its life It is crucial to understand when an asset should be bought and removed from profit or sold.

Warren Buffet says, "Be afraid if other people become greedy. Be greedy if other people are afraid."

People in the crypto space tend to be scared. The bear market is the ideal time to invest in cryptocurrency. When the value of the currency is declining. Panic-selling occurs when there is no Harry, Dick or Tom.

The people who are anxious and worried could end up losing their money. Make a list of the cryptocurrencies that appeal to you the most and wait for the red candle to go out.


Arif Efendi A weekend is an excellent time to buy, as most institutional investors will close their positions for the week.

The traditional way of investing requires the services of a broker. Modern crypto buying is possible from the convenience in your living room.

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

My top choice was Solana. POLIS, AVAX as well as ATLAS were right behind.

It is now simpler to track and monitor your preferred coins. Tabtrader is an application which lets you track every move and determine when it's time for you to earn or purchase more.

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

It is also important to save your 12-word password in order to recover your investment in the event that your host device goes missing or stolen.

Conclusion
Your bank has all this information. Make transactions wherever you are in the world anytime.



Here's my website: https://ventsmagazine.co.uk/arif-efendi-explains-how-crypto-is-used-in-the-football-industry/