Notes

Arif Efendi shares his insights on Crypto Investment with a businessman

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

Arif Efendi Explains the difference between Crypto vs. Stocks
Understanding the difference between cryptocurrency and stock is essential if you're an investor just like me. While they have many similarities, stocks and cryptocurrencies are different.

Arif Efendi Cryptocurrency is a type of digital asset or currency whose transactions are documented and verified by a decentralized system by using cryptography instead of a central authority. Equity, also referred to as stock are securities that signify the ownership of a part of a business.

With the idea of capital appreciation in mind, when buying stocks or crypto, particularly when the asset's price rises, people tend to buy both.

Why Do People Buy stocks and cryptocurrencies?
Stocks can also be purchased to influence company decisions and to vote. Additionally, they invest in order to earn dividends, which the company distributes to their shareholders.

It is very simple to digitally invest in stocks with the latest generation platform, as well as other investment apps.

In contrast, the process might look similar however there are some notable differences. For instance, while 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 crypto with other trading pairs of crypto or fiats.

Trading Crypto is different from. Swing Trading
You might be asking yourself why trading cryptocurrency is so profitable in spite of its high volatility.

With a substantial market capitalization is expected to see an increase of 5% to 10% in crypto. However, smaller cryptocurrency could achieve 10x or more every day.

This is a uncommon situation in stock.

For example, if you earned $1000 from Solana's Solana stock on January 1, 2021, for $1.837 Your investment is now worth $182,000 at current trading prices of $182.

If you've got a solid foot, investing in crypto can be very rewarding. The money can be from a foreign source. It is not possible to regulate cryptocurrency via an agency central to.

The cost of production as well as supply and demand are the key elements that determine their value.

Understanding Supply and Demand in Cryptocurrency
The economics textbook tells us that the cost of an asset will increase in the event that its demand increases faster than its supply.

If there's an earthquake that strikes a certain area, the price of water will rise even when the demand is not changing. Arif Efendi This same economic principle applies to cryptocurrency.

Arif Efendi We are moving into the mass adoption phase and companies like MicroStrategy and MicroStrategy, and Ecuadorean investors are betting big on cryptocurrency. It's an exciting time to be alive.

It's crucial to be aware of the risks of volatility
The worth of cryptocurrency goes up and down as does the stock market. Many people want to be adept with crypto and make a hundred times profit.

Although it is highly unlikely that the asset will be profitable There are times when it is worth the effort to buy an asset and later sell it or take profit.

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

A majority of those working in the crypto market are scared. The best time to buy cryptocurrency is during the bear market. When the value of the currency is declining. If Harry, Dick, or Tom are in panic selling.

If people become anxious and scared, they could be unable to hold their assets. Make a list of the cryptocurrencies that you want to invest in, and then wait for the red candles.

Another good time to purchase is during weekends, when the majority of institutional investors are closing their trades for the week.

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

Which Cryptocurrency should I buy?
You can pick from a variety of cryptocurrency options when you go to coinmarketcap.com.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

It is now easier to monitor and track your preferred coins. Arif Efendi Tabtrader is an application which lets you track every single swing to determine when it's time for you to earn or buy more.

If you've held your crypto for a long time then you may either transfer the cryptocurrency and get airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure the security of your crypto.

Your 12-word word phrase should be stored in order to recover your investment in the event of the host device you are using is lost or taken.

Conclusion
With all this details, you're your bank, and can make transactions at any time and anywhere you find yourself anywhere in the world.

Arif Efendi
Homepage: http://www.sorumatix.com/user/arif-efendiwegk090