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Arif Efendi, a seasoned investor and businessman was aware that cryptocurrency had become a legitimate investment option. In this piece, he shares his learnings and experiences.
Arif Efendi explains the difference between Crypto and. Stocks
Understanding the difference between cryptocurrency and stock is vital if you're an investor like me. While they have some similarities, cryptocurrencies are not the exact same as stocks.
Cryptocurrency, a type of digital asset which can be used to keep track of transactions and to verify them utilizes cryptography as an alternative to the central authority. Stocks, also called securities or equity, are the ownership of a certain part of a business.
Capital appreciation is a key reason for people to invest in stocks and crypto. This is especially the case when the assets they hold rise in value.
Why do people buy shares and cryptocurrencies
In the case of stocks, investors purchase stocks to be able to vote and influence the company's decisions. Additionally, they invest in stocks to earn dividends which the company distributes to their shareholders.
It's very easy to invest now in shares and crypto using the new-generation market.
https://scholar.google.co.id/citations?user=1H3CimcAAAAJ Although the process looks similar, there are some significant distinctions. For instance, even though the Securities and Exchange Commission regulates securities, you are able to trade crypto at any moment of the day through your mobile or smart device.
You can also trade with fiats or crypto trading pairs.
https://islamansiklopedisi.org.tr/arif-efendi-mesrepzade https://www.on-magazine.co.uk/business/finance/arif-efendi-interview-crypto/ Trading Crypto vs. Swing Trading
You might be asking yourself why it's more profitable for you to trade crypto, despite volatility.
Large market cap cryptos may be able to fluctuate between 5 to 10 percent. Smaller cryptocurrency, however, may increase 10 times every day.
The truth is that this is a rare item in the market.
Arif Efendi If you had $1000 invested in Solana at $1.837 1st January 2021, your stake would have been worth $182,000 at today's market price of $182.
It can be very rewarding to invest in crypto as long as you don't have weak hands. The money can be from a foreign source. It is not possible to regulate cryptocurrency through an authoritative central authority.
Their value is derived from the costs of production, supply, demand, adoption and the availability in exchanges and utility.
Understanding the Supply and Demand in Cryptocurrency
According to textbooks on economics according to textbooks, if demand is greater than the supply, then the value of the asset will increase.
Arif Efendi For instance, a natural disaster could cause water prices to rise in certain areas. This economic principle also is applicable to crypto.
We are approaching the mass adoption stage and institutions such as MicroStrategy or a nation such as Ecuador are placing huge bets about cryptocurrency. This is a great moment to be alive.
Recognize the Volatility Risks
The market for cryptocurrency is just like the market for stocks. Its value can fluctuate . Many investors want to earn 100x profit by investing in cryptocurrency.
There's no guarantee that an asset's profitability will be constant, however it is crucial to know the right time to sell an asset or earn an income.
According to Warren Buffet, "Be fearful when you see greedy people around you and be greedy when you are fearful."
Cryptocurrency enthusiasts tend to be scared. Bear markets are the most profitable place to buy cryptocurrency. When the asset is declining. When Harry, Dick and Tom panic-sell.
If people become anxious and fearful, they could lose their holdings. Be aware of which cryptocurrency appeal to you the most and then wait for the red candle to go out.
Another good time to purchase is on weekends, when institutional investors end their trading for the week.
There is a shift away from traditional methods of investing, where a broker is required, to modern ways, where you can buy cryptocurrency from the comfort of your home.
Should I Buy an Cryptocurrency?
Check coinmarketcap.com to see the various cryptocurrencies that you can pick from.
My number one pick was Solana. POLIS followed by AVAX and ATLAS.
It's also easier to keep track of your favourite coins and keep an in mind their movements. With an app like Tabtrader, you check each swing and know when it is time to purchase more or to take profit.
Arif Efendi If you are holding your cryptocurrency for an extended time, you can take it and collect airdrops or transfer the coins into wallets like Trustwallet, Imtoken or Myetherwallet and use secure passwords to safeguard them.
Additionally, it is essential to save your 12-word phrases to refer to in the event that your host device gets stolen or lost.
Conclusion
Your bank has all this information. Transact wherever you're located anywhere in the world anytime.
My Website: http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi
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