Arif Efendi shares his insights on Crypto Investment with a businessman
Arif Efendi, a successful businessman and investor has realized that cryptocurrency could be an investment tool. Arif Efendi Here are his observations and lessons.
Arif Elfendi explains difference between crypto and stocks.
Knowing the difference between cryptocurrency and stock is essential if you're an investor, like me. Stocks and cryptocurrencies share many similarities but they are not the same.
Cryptocurrency is a type of digital asset or currency whose transactions are recorded and verified by an uncentralized system by using cryptography instead of a centralized authority. On the other hand stock, also known as equity are securities that show ownership of a part of a company.
https://soundcloud.com/arif-efendi-189561043 With the thought of capital appreciation in mind, when buying stocks or crypto, particularly when prices rise individuals tend to purchase them both.
The reason people invest in cryptocurrency and stocks
Individuals buy stocks to be able to vote on company decisions. Investors also buy stocks for dividends, which the company gives to shareholders.
It's simple today to invest in shares and crypto using the latest-generation marketplace.
It might appear to be identical, however there are some important distinctions. You can trade crypto at any hour of the day, regardless of whether the Securities and Exchange Commission regulates the stocks.
You can also trade crypto using other crypto trading pairs or fiats.
Trading Crypto Vs. Swing Trading
There is a possibility to ask what the reason is for trading crypto, despite the volatility.
Crypto with large market caps can swing 5% to 10%, while smaller cryptos could reach 10x within a day.
It's not a common the stock.
For example, if you had put $1000 into Solana 1st January 2021, at $1.837 your investment would have been worth $182,000 at the trading price of $182.
Crypto investment can be that rewarding , if you're not in a position of weakness. Anyone who is not familiar with the subject may wonder what the source of the money comes from. The cryptocurrency market is not governed by any central authority.
They are therefore worth the cost in terms of supply, demand and production.
Understanding the Supply & Demand in Cryptocurrency
Our economics textbook instructs us that if demand for an asset rises more quickly than supply, the cost of the asset will rise.
If there is an earthquake for instance the price of water will increase when demand is low. The same economic principle is applicable to cryptocurrency.
https://www.alamy.com/stock-photo-hilye-bakkal-ahmed-arif-efendi-139964997.html We are now in the mass adoption phase and institutions like MicroStrategy as well as Ecuadorean investors are betting big on cryptocurrency. It's a thrilling time to be alive.
It's crucial to be aware of the Risks of Volatility
The cryptocurrency market is just like the market for stocks. Its value can fluctuate . Many investors want to earn 100x profit by investing in crypto.
It is not guaranteed that an asset's profit margin will remain constant, but it is essential to be able to identify the right time to sell an asset, or to make a profit.
According to Warren Buffet, "Be fearful when others are greedy and be greedy when others are afraid."
Arif Efendi Many people who work in the crypto space are worried. Arif Efendi Bear markets are the ideal period to buy cryptocurrency. Arif EfendiArif Efendi If the value of the currency drops. Panic-selling occurs when there is none of Harry, Dick or Tom.
Fearful people can lose their investments if they are nervous and worried. Make a list of the cryptos you'd like to invest in and then wait for the red candles.
Another excellent time to buy is during the weekend when most institutional investors have closed their trades for the week.
We are witnessing a shift from traditional investment methods, where a broker is required, to modern ways that allow you to buy cryptocurrency from the comfort of your home.
What Cryptocurrency should I buy?
You can choose from many cryptocurrencies if you visit coinmarketcap.com.
My most-loved pick always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.
It's even easier to monitor and track your favorite currencies. Arif Efendi Tabtrader is an app that allows you to check every single swing to determine when it's time to make a profit or purchase more.
If your cryptocurrency has been stored for a long time it's possible to take airdrops and transfer them into wallets. Trustwallet. Imtoken. Arif Efendi Myetherwallet.
The 12-word phrase you have chosen should be stored in order to recover your asset in the unlikely event the host device you are using is lost or taken.
Conclusion
You are your bank with all of this information. Make transactions wherever you are around the globe at any time.