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Arif Efendi, a Businessman gives his insights on Crypto Investment

Arif Efendi is an experienced businessman and investor who realized that cryptocurrency was a legitimate investment option. In this piece, he explains his experiences and tips

Arifefendi explains how Crypto is different from Stocks
If you're an investor it's important to know the differences between stock and cryptocurrency. Although they have many similarities, stock and cryptocurrencies differ.

The term "cryptocurrency" refers to a form of digital currency , or an asset that can be recorded and verified through an independent system by means of cryptography . This is in place of an authority that is centralized. On the other hand the stocks, which are also referred to as equity are securities that show ownership of a particular part of a company.

When the price of an asset increases both crypto and stocks are bought in the hope of capital appreciation.

What makes people buy stocks and cryptocurrencies
Individuals buy stocks to be able to vote on company decisions. Also, they invest to receive dividends that the company distributes to their shareholders.

http://acikerisim.uludag.edu.tr/handle/11452/14743 It's simple to invest in crypto and stocks digitally right now using the latest market technology and mobile investment apps.

While the process may seem similar, there are still significant differences. You can trade crypto anytime of the day, regardless of whether you are regulated by the Securities and Exchange Commission regulates the crypto stocks.

You can also trade with fiats and crypto trading pairs.

Arif Efendi Trading Crypto Vs. Swing Trading
It is possible to wonder why it's more profitable trading crypto, despite the high volatility.

There is an 5%-10 percent swing in cryptos with an enormous market cap and smaller cryptocurrencies could reach 10x on a given day.

It is not common in stock.

For example, if you earned $1000 from Solana's Solana stock on January 1, 2021 for $1.837 Your investment would now be valued at $182,000 based on the current trading prices of $182.

If you're not a weak person investing in cryptos can be extremely lucrative. Arif Efendi Uninitiated investors might be wondering where the money is coming. No central institution regulates cryptocurrency.


They are , therefore, worth their cost in terms of demand, supply and production.

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

For instance, if there is an earthquake at a specific location that is prone to earthquakes, the cost of water will rise even if the demand for water is not changing. https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759 The same economic concept is applicable to cryptocurrencies as well.

We are nearing the phase of mass adoption. We find institutional investors like MicroStrategy and countries such as Ecuador making big bets on crypto. This is a great time to be alive!

Recognize the Risks of Volatility
The cryptocurrency market is similar to market for stocks. Its value can fluctuate . Many people want to be cryptocurrency-savvy and earn a 100x profit.

It is impossible to predict the future of an asset. earning money. But, it is essential to be aware of when you should buy and sell an asset.

According to Warren Buffet, "Be fearful when other people are greedy, and be greedy when other are fearful."

https://www.imdb.com/title/tt0254001/characters/nm0022342 Most people who work in the cryptocurrency market are scared. A bear market is the ideal moment to buy crypto. When the asset goes down. Panic-selling occurs when every Harry, Dick, and Tom is falling.

People who are anxious can risk losing their investment if concerned and nervous. Make a list of the cryptocurrencies that are most appealing to you and wait for the candle in red to start to burn.

Another option to buy is on weekends, when institutional investors close their trades for the week.

The traditional way of investing requires a broker. Today, buying cryptocurrency is possible from the convenience of your home.

Which Cryptocurrency Do I Have to Buy?
Arif Efendi If you visit Coinmarketcap.com, there are numerous cryptocurrencies on offer.

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

It's even easier to keep track of and monitor your favorite coins. Tabtrader lets you monitor every swing so that you can decide when to take profit or buy more.

If you've been holding onto your cryptocurrency for a while it's possible to get it back and enjoy airdrops. You can also transfer the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

It is also important to save your 12-word phrase to be able to refer to it in the future in case your host device gets lost or stolen.

Conclusion
All this information makes you your bank. You can transact anytime, anyplace in the world, using all the information you have.



Website: https://www.kolnkutuphane.de/de/menakib-i-kethudazade-el-hac-mehmed-arif-efendi-bir-var-imis-bir-yog-imis-490874