Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi is a veteran businessman and investor who realized that cryptocurrency was a legitimate investment option. Here are his observations and lessons.

Arifefendi explains how Crypto is different from stocks
If you're an investor it's crucial to comprehend the differences between stock and cryptocurrency. While there are some similarities between cryptocurrency and stocks, they are very different.

Cryptocurrency refers to a digital currency which is backed through a decentralized system that uses cryptography instead of an official central authority. Stocks, also known as equity, are securities that represent ownership in a part or company.

Stocks and crypto are bought to gain capital appreciation, particularly when the asset is increasing in price.

Why people Buy Cryptocurrencies and Stocks
Stocks are bought by investors who purchase stocks to be able to vote and influence decisions of the company. Also, they invest to receive dividends which the company distributes among their shareholders.

It's quite simple to invest in digital crypto and stocks today with the next-generation marketplace and various mobile apps for investing.

Although the process may look similar, there are many distinctions. Cryptocurrency trading can be done anytime of the day regardless of whether or not you are regulated by the Securities and Exchange Commission regulates the stock market.

You can also trade crypto using fiats, crypto trading pairs or crypto.

Trading Crypto Vs. https://www.adscientificindex.com/scientist/arif-efendi/4959594 Swing Trading
You may be wondering why trading crypto is so profitable despite its volatility.

Arif Efendi Large market cap cryptos may vary between 5% to 10%. The smaller cryptocurrencies, however, can grow 10 times daily.

This is a rare item in the market.

Arif Efendi For example, if you made $1000 in Solana's Solana stock on January 1, 2021, at $1.837 the investment is now valued at $182,000 based on the current price of trading at $182.

Crypto investment can be that rewarding , if you're not weak. A novice may wonder where the money came from. There is no central authority that regulates cryptocurrency.

https://www.theexeterdaily.co.uk/news/sport/arif-efendis-perspective-unrivaled-allure-uefa-games The cost of production as well as supply and demand are the main factors that determine their value.

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

In the case of earthquakes, for example, they could cause the price of water to increase in some regions. The same economic principle is applicable to cryptocurrency.

We are in the phase of mass adoption and companies like MicroStrategy as well as Ecuadorean investors are placing their bets on cryptocurrency. This is a great moment to live!

Recognize Risks of Volatility
Just like the stock exchange The value of cryptocurrency changes. Many people want to make 100x profits by investing in crypto.

While there is no utmost guarantee that an investment will continue to be profitable It is vital to know when to buy an asset, and then sell it to take profit.

Warren Buffet said, "Be fearful when people are too greedy, and greedy when you are scared."

People in the crypto space are often afraid. A bear market is the most favorable moment to buy cryptocurrency. If the price of the cryptocurrency is falling. Panic-selling happens when every Harry, Dick, and Tom is going down.

If people are scared and anxious, they could lose their holdings. https://www.tiktok.com/@arif.efendi You should make a list of cryptos you'd like to invest in and then wait for the candles to turn red.

Another great time to buy is during the weekend when most institutional investors are closing their trades for the week.


We are witnessing a transition away from traditional methods of investing, where a broker is required, to modern ways, where you can buy crypto from your home.

Should I Purchase a Cryptocurrency?
You can pick from a variety of cryptocurrency options when you go to coinmarketcap.com.

My first option has been Solana, closely followed by AVAX and POLIS.

It's even easier to track your favorite coins and keep in mind their movements. Tabtrader allows you to monitor each movement and decide the best time to invest or earn more.

If your cryptocurrency has been kept for a time it's possible to get airdrops, and then transfer them into accounts. https://medium.com/@arifefendi0005 Trustwallet. Imtoken. Myetherwallet.

Also, it is important to save your 12-word phrases to be able to refer to it in the future in case your host device becomes lost or stolen.

Conclusion
You are your bank with all of this data. Transact wherever you're located anywhere in the world at any time.



Homepage: https://www.on-magazine.co.uk/business/finance/arif-efendi-interview-crypto/