Notes

Arif Efendi, a Businessman gives his insights on Crypto Investment

Arif Efendi was a businessman and an investor who realized that cryptocurrency was an investment option that was viable. Here are his observations and lessons.

Arif Efendi explains how Crypto is distinct from stocks.
Investors like me need to know the difference between stocks and cryptocurrency. Although there are some similarities between stocks and cryptocurrencies however, they're very distinct.

Cryptocurrency is a digital asset or currency whose transactions are recorded and verified by an uncentralized system using cryptography instead of a centralized authority. http://extension.unimagdalena.edu.co/extension/Lists/Contactenos/DispForm.aspx?ID=495332 Arif Efendi In contrast, stocks, also called equity are securities that show ownership of a particular part of a firm.

Stocks and crypto with the intention of capital appreciation in particular when the currency that is being held increases in price.

Why Do People Buy stocks and other cryptocurrencies?
Individuals purchase stocks for the purpose of voting on company decisions. Stockholders may also buy stocks in order to receive dividends from companies.

Arif Efendi It is very simple to invest digitally in stocks with the latest generation platform as well as other mobile investment applications.

https://www.boredpanda.com/community/kellerhamann333/ The procedure may appear similar, but there are still certain differences. You can trade cryptocurrency anytime you want, even though the Securities and Exchange Commission regulates stocks.

You are also able to trade crypto using cryptocurrency trading pairs, fiats, or crypto.

Trading Crypto vs. Swing Trading
You can ask what the reason is for trading cryptocurrency, despite the fluctuation.

Crypto with large market caps could fluctuate between 5% and 10 percent, while smaller cryptos can go up to 10x in a single day.

This is a very scarce item.

For instance If $1000 had been invested in Solana 1st January 2021, for $1.837 the investment would have been worth $182,000 now at $182.

If you're not a weak person investing in cryptos can be very profitable. An uninitiated person may be curious about where the money comes from. It is not controlled by any central entity.

Their value is determined by the costs of production and consumption, demand and supply the rate of adoption, as well as availability on utility exchanges as well as utilities.

Understanding the Supply & Demand in cryptocurrency
According to economics textbooks according to textbooks, if demand is greater than supply, then the value of the asset will go up.

Arif Efendi For example when there is an earthquake that strikes a particular area where water is needed, the cost will rise even if the demand remains constant. This same economic principle applies to cryptocurrency.

We are getting closer to the point of mass adoption, and institutions such as MicroStrategy or a country like Ecuador are placing huge bets on crypto. It's a wonderful moment to be alive.

It's crucial to be aware of the Risks of Volatility
Similar to the stock market The value of cryptocurrency changes. Many people want to be part of crypto and earn 100x profit.

It is impossible to predict the future of an asset. being profitable. However, it is important to know the best time to buy and sell an asset.

Warren Buffet once said, "Be fearful of others being greedy and being greedy if others are afraid."

Many people in the cryptocurrency space are fearful. The bear market is the most profitable place to buy cryptocurrency. When the price of cryptocurrency is falling. Panic-selling is when there are none of Harry, Dick or Tom.

If investors become worried and scared, they could be unable to hold their assets. Make a list of the cryptocurrencies that you want to invest in, keep an eye out for red candles.

A weekend is an excellent opportunity to purchase, since most institutional investors will close their positions for the week.

Traditional investment requires the services of a broker. Modern crypto buying can be done from the comfort in your living room.

What Cryptocurrency should I buy?
You can choose from many different cryptocurrencies when you visit coinmarketcap.com.

My first choice was Solana. POLIS followed by AVAX and ATLAS.

It is even easier now to track and monitor your preferred coins. Tabtrader allows you to monitor each swing so that you can decide when to profits or purchase more.

If you've held onto your cryptocurrency for a while and you're able to use it and receive airdrops. It is also possible to transfer the coins into wallets like Trustwallet or Imtoken and create secure passwords to ensure their security.

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

Conclusion
All of this information will make you your own bank and permit you to make transactions anywhere and whenever you'd like.


Website: http://extension.unimagdalena.edu.co/extension/Lists/Contactenos/DispForm.aspx?ID=495332