Arif Efendi is a veteran businessman and investor who realized that cryptocurrency was a legitimate investment asset. In this article , he shares his experiences and tips
Arifefendi explains why Crypto is different from Stocks
It is essential to be able to distinguish between stock and cryptocurrencies If you're like me who is an investor. Although they share some similarities, they're not exactly the same as stocks.
https://london-post.co.uk/arif-efendi-suspects-theres-plenty-more-to-come-from-lionel-messi-at-psg/ The cryptocurrency is a digital asset and money whose transactions have been documented and verified by decentralized cryptography. It does not depend on a central authority. Equity, also referred to as equity, are financial instruments that are a representation of ownership in a particular part or company.
Cryptocurrencies and stocks are purchased to gain capital appreciation, especially when an asset is rising in value.
Why Do People Buy Stocks and Other Cryptocurrencies
For stocks, people buy stocks to be able to vote and influence the company's decisions. Stockholders are also able to invest in stocks in order to receive dividends from the company.
It's very easy to invest digitally in stocks with the latest generation platform as well as other mobile investment apps.
Although the process is similar but there are some important distinctions. For example, although the Securities and Exchange Commission regulates stock, you can trade cryptocurrency at any time of the day using your smart phone or smartphone.
You can also trade crypto with crypto trading pairs, fiats, or crypto.
Trading Crypto vs. Swing Trading
You might be wondering why trading cryptocurrency is so profitable in spite of its volatile nature.
https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/ You can see a 5% to 10 percent change in the price of crypto when it has an enormous market cap even smaller cryptos can reach 10x per day.
This is actually a very unusual situation in the stock market.
For instance, if $1000 had been put into Solana on January 1, 2021 at $1.837 The investment would have been worth $182,000 at the time of writing. https://reporterbyte.com/technology/1407/businessman-arif-efendi-shares-insights-on-crypto-investment/ It is now $182.
It can be rewarding , if you're not weak. A noob may ask where the money is coming from. No central institution regulates cryptocurrency.
The cost of production supply, demand, and cost are the primary factors that determine their value.
Understanding the Supply and Demand in Cryptocurrency
The textbook in our economics class teaches us that if the demand for an asset rises faster than supply, then the asset's price will also go up.
If there's an earthquake at an area that is affected by water, the price of water will go up if the demand for it isn't. Arif Efendi The same economic principle applies to cryptocurrencies.
Arif Efendi We are getting closer to the mass adoption phase. We find institutional investors like MicroStrategy as well as nations such as Ecuador making big bets on cryptocurrencies. It's a wonderful time to live!
It is crucial to recognize the risks of volatility
Just like the stock exchange, cryptocurrency's value changes. A lot of people want to invest in cryptocurrency and make 100x profits.
While it is unlikely that an investment will continue to earn a profit however, there are instances when it's worth your time to purchase an asset, and then sell it or take profits.
Warren Buffet stated, "Be fearful when others get greedy, and be greedy whenever you see others being afraid."
The majority of people who work in the crypto sector are scared. The bear market is the best time to invest in crypto. When the asset is declining. When Harry, Dick and Tom panic-sell.
People who are worried and fearful could lose their money. Create a list to identify cryptocurrency you would like to invest in and watch for red candles to appear.
Another option to buy is on weekends, since institutional investors end their trades for the week.
There is a massive change taking place right now, from traditional investment methods where you need to work with a broker, to modern ones where you can buy crypto in the privacy of your own home.
Which Cryptocurrency Do I Need to Purchase?
If you visit Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.
My personal favorite was Solana. This was followed by VAX, POLIS, and ATLAS.
It's also easier to keep track of your most loved coins and keep an the eye on them. Tabtrader lets you track each movement and decide whether to invest more profit.
If your cryptocurrency has been stored for a long time it's possible to get airdrops, and then transfer the coins into accounts. Trustwallet. Imtoken. Myetherwallet.
It is important to save your 12-word password in order to recover your valuable asset should your host device goes missing or stolen.
Conclusion
You are your bank with all this information. Make transactions wherever you are anywhere in the world at any time.