Notes

Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi was an investor and businessman who realized that cryptocurrency was an investment option that was viable. He shares his experiences and lessons learned in this piece.

Arif Efendi Arif Efendi discusses the reason Crypto is distinct from the stock market.
A person like me who invests in stocks needs to be aware of the distinctions between cryptocurrency, stocks, and other investment options. While there are some similarities between stocks and cryptocurrencies but they're quite different.

Cryptocurrency can be described as a digital asset or currency whose transactions are documented and verified through an uncentralized system via cryptography instead of a centralized authority. Stocks, also called equity, are securities that represent ownership of a portion of a corporation.

The majority of people purchase stocks as well as crypto with capital appreciation in mind in particular when the currency that is being held increases in price.

Why do people buy stocks and cryptocurrencies?
Individuals buy stocks for the purpose of voting on company decision-making. Investors also buy stocks for the dividend payments that the company pays to shareholders.

It's quite simple to invest digitally in crypto and stocks today through the new marketplace and numerous mobile investment apps.

Although the process may look like it is, there are numerous distinctions. The Securities and Exchange Commission regulates stocks. But, trading with crypto can be conducted on any smart device or phone at any time.

Trade crypto with fiats , or other trading pairs for crypto.

Trading Crypto vs. Swing Trading
You might be asking yourself what the reason it's more profitable to trade cryptocurrency, regardless of the risk of volatility.

Arif Efendi Large market cap cryptos can have a swing of between 5 and 10 percent. The smaller cryptos, however, could increase 10 times every day.

This is the truth.

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

If you're a skilled hand, crypto investment is a great way to earn money. A person who isn't familiar with the subject might be interested in knowing how the money is made. The cryptocurrency market is not regulated by a central entity.

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

Understanding Demand and Supply in Cryptocurrency
We know from the economics books that when there is more demand than supply for an asset, the price of it will increase.

In the case of earthquakes, for example, they can cause prices for water to rise in certain regions. This same principle of economics also applies to cryptocurrency.

We are getting closer to the point of mass adoption, and institutional investors such as MicroStrategy or a nation such as Ecuador are betting big about crypto. http://hawkee.com/profile/5825704/ What a great time to be alive!

It is important to recognize the risks of volatility
The value of crypto goes up and down just like the stock market. Many people wish to be part of crypto and earn 100x profit.

It is difficult to know how long an investment will last operating profitably. However, it is essential to be aware of when you should buy and sell an asset.

Warren Buffet once said, "Be afraid of being greedy and being greedy when others are scared."

Many people who work in the crypto space are worried. The bear market is the ideal place to buy cryptocurrency. If the price of the cryptocurrency is going down. Arif Efendi If Harry, Dick, or Tom are panic-selling.

If investors are anxious and worried, they may lose their assets. Be aware of which cryptocurrency are the most appealing to you and then wait for the red candle to start to burn.

Another excellent time to buy is on weekends when the majority of institutional investors are closing their trades for the week.

We are witnessing a shift from traditional methods of investing that require a broker to be mandatory, to newer methods, where you can buy cryptocurrency from the comfort of your home.

What Cryptocurrency Should I Buy?
If you go to Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.

My top choice has always been Solana which is closely followed by AVAX and POLIS.

It's easier than ever to keep track of and monitor your favorite currency. Tabtrader lets you monitor every step so that you are able to decide when to profit or buy more.

If you keep your cryptocurrency for a long time frame then you can choose to collect airdrops, or transfer them into wallets such as Trustwallet. Imtoken or Myetherwallet. Use secure passwords to secure them.

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
Your bank is yours with all of this data. You can transact anywhere around the globe at any time.


Here's my website: https://www.pinterest.com/arif-efendixggz996/