Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

Arif Efendi, a seasoned businessman, and investor recognized that cryptocurrencies were now a legal investment asset. In this piece the author shares his experience and insights.


Arif Elfendi discusses the differences between stocks and crypto
A person like me who invests in stocks needs to know the differences between stocks, cryptocurrency and other investments. Although they share some similarities, cryptocurrencies are not exactly the same as stocks.

Arif Efendi Cryptocurrency, a digital asset which is used to record and verify transactions employs cryptography as an alternative to the central authority. However stock, also known as equity are securities that represent the ownership of a portion of a company.

With the idea of capital appreciation in mind, when buying crypto or stocks, and especially when prices rise, people tend to buy them both.

Why do people purchase shares and cryptocurrencies?
Individuals purchase stocks to be able to vote on corporate decision-making. Arif Efendi Investors also purchase stocks to receive the dividend payments that the company gives to shareholders.

It's quite simple to invest digitally in stocks and crypto right now with the next-generation marketplace and numerous mobile investment apps.

The process may appear similar, but there are some important distinctions. Arif Efendi The Securities and Exchange Commission regulates the trading of stocks. Arif Efendi But, trading with crypto is accessible from any smart device or phone anytime.

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

Trading Crypto and. Swing Trading
You might be asking why it is more profitable to trade crypto, despite the volatility.

With a large market capital, you can expect an increase of 5% to 10% in crypto. However, smaller cryptocurrency could achieve 10x or more per day.

This is actually a very rare situation in stocks.

For instance, if had put $1000 into Solana 1st January 2021, at $1.837, your investment would be worth $182,000 at the trading price of $182.

If you're a skilled grasp of crypto, it can be very rewarding. A person who isn't familiar with the subject may be curious about how the money is made. Regulation of cryptocurrency isn't done by a central institution.

Cost of production supply, demand, and cost are the primary factors that determine their value.

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

In the event of an earthquake occurring in an area that is affected by water, the price of water will rise if the demand for it is not. The same economic principle is applicable to cryptocurrency.

We are getting closer to the point of mass adoption, and investors from institutions like MicroStrategy or a nation such as Ecuador are betting big about cryptocurrencies. What a great time to be alive!

Recognize Volatility Risks
The price of cryptocurrency fluctuates similarly as the market for stocks. Many are keen to invest in crypto and make 100x profits.

It is not guaranteed that an asset's profit margin will never decrease, but it is important to be able to identify the right time to sell an asset or earn profits.

Warren Buffet says, "Be afraid if other people become greedy. Be greedy when other people are afraid."

Most people in the crypto space are fearful. The bear market is the best period to buy cryptocurrency. Arif Efendi If the price of the cryptocurrency is going down. Panic-selling is when the value of Harry, Dick, and Tom is falling.

If people become anxious and fearful, they could be unable to hold their assets. Create a list to identify cryptocurrencies that you wish to invest in and watch for red candles to appear.

Another excellent time is weekends, when the majority of institutional buyers are closing their trades.

We are witnessing a shift from traditional investing methods, where a broker is mandatory, to newer methods which allow you to purchase crypto from your home.

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

My favorite option has been Solana which is closely followed by AVAX and POLIS.

It's now easier than ever before to monitor and track your most loved cryptocurrency. Tabtrader lets you monitor every move and decide whether to invest more profit.

If you've held onto your cryptocurrency for a while and you're able to get it back and enjoy airdrops. You can also move them to wallets such Trustwallet or Imtoken and then create passwords that are secure to protect them.

It is important to keep your 12-word phrase so you can restore your valuable asset should your host device goes missing or is stolen.

Conclusion
With this information, you are your own bank and are able to transact anytime and anywhere you find yourself in the world.



My Website: https://acikbilim.yok.gov.tr/handle/20.500.12812/534637