Arif Efendi shares his insight on Crypto Investments with businessman Arif Efendi
Arif Efendi, a businessman and investor with a wealth of experience, recognized cryptocurrencies as a legitimate investment opportunity. Here are his observations and lessons.
Arif Efendi Explains the difference between Crypto and. Arif Efendi Stocks
It is essential to be able to distinguish between cryptocurrency and stock if you are like me an investor. Stocks and cryptocurrencies share many similarities, but they aren't identical.
Cryptocurrency can be described as a digital asset or currency whose transactions are recorded and verified through an uncentralized system by using cryptography instead of a centralized authority. Stocks (also called equity) are securities that prove the ownership of a particular part of a business.
Arif Efendi Cryptocurrencies and stocks are purchased to gain capital appreciation, especially when an asset is increasing in price.
What makes people invest in cryptocurrency and stocks?
In the case of stocks, investors purchase stocks to be able to vote and influence company decisions. Investors also buy shares to earn the dividend payments that the company gives to shareholders.
It's simple to invest in crypto and stocks online right now with the market of the future and other apps for mobile investments.
Although the process is similar but there are some important distinctions. It is possible to trade cryptocurrency at any time you'd like, even if the Securities and Exchange Commission regulates stocks.
You can also trade crypto using other trading pairs in crypto, or fiats.
Trading Crypto is different from. Swing Trading
It is possible to ask why trading crypto is more profitable despite volatility.
Large market cap cryptos could have a swing of between 5 to 10%. Smaller cryptocurrencies, however, can gain 10x daily.
This is a uncommon situation in stock.
If you had $1000 invested in Solana at $1.837 on January 1, 2021 Your investment would be worth $182,000 at the current trading price of $182.
The investment in crypto can be profitable if you're not a weak hand. Beginners may be wondering where the money comes from. Regulation of cryptocurrency isn't controlled by a central authority.
Thus, their value comes from the costs of production and supply as well as demand and adoption.
Understanding the Supply and Demand of Cryptocurrency
According to the textbooks of economics according to textbooks, if demand is greater than supply, then the value of the asset will rise.
In the event of an earthquake, for example the price of water will increase if demand is low. The same economic principle applies to cryptocurrencies.
We are approaching the mass adoption stage and institutions such as MicroStrategy or a nation such as Ecuador are betting big on crypto. It's a wonderful time to live!
It is important to recognize the risks of volatility
Cryptocurrency's value fluctuates as does the stock market. https://london-post.co.uk/the-fantastic-playground-arif-efendis-take-on-fantasy-football/ Many people wish to be part of crypto and make 100x profits.
Although it is highly unlikely that an investment will continue to earn a profit however, there are times when it is worth the effort to buy an asset, and then sell it or make a profits.
Warren Buffet stated, "Be fearful when others get greedy, and you should be greedy when you see others being afraid."
Many people in the cryptocurrency space are fearful. The best time to buy cryptocurrency is in the bear market. When the value of the currency is declining. Panic-selling occurs when every Harry, Dick, and Tom is going down.
If individuals become stressed and scared, they could lose their investments. Create a list to identify cryptocurrencies that you wish to invest in and watch for candles to light red.
Another good time to purchase is on weekends, when institutional investors end their trading for the week.
We are witnessing a shift away from traditional investing methods in which a broker is necessary, to more modern methods, where you can buy crypto from your home.
What Cryptocurrency Do I Need to Buy?
Arif Efendi There are many cryptocurrencies available to select from if you go to coinmarketcap.com.
My top pick has always been Solana (SOL), followed by AVAX, POLIS and ATLAS.
Now it is easier to track and monitor your favorite coins. With an app like Tabtrader, you check each swing and know when to buy more or to take profit.
If your cryptocurrency was stored for a long time it's possible to get airdrops, and then transfer them to accounts. Trustwallet. Imtoken. Myetherwallet.
Also, keep your 12-word phrase in mind in case you need to locate your assets in the case of a host device being lost or taken.
Conclusion
All this information is your bank. You are able to transact at anytime, anyplace in the world, with everything you own.
Arif Efendi