Arif Efendi is an experienced businessman and investor who realized that cryptocurrency was an acceptable investment asset. In this article the author shares his experience and insights.
Arif Efendi explains how Crypto is distinct from the stock market.
Investors like me need to be aware of the distinction between stocks and cryptocurrencies. Both stocks and cryptocurrency have many similarities, but they aren't exactly the same.
The cryptocurrency is a digital asset and currency whose transactions have been recorded and verified using decentralized cryptography. It doesn't depend on a central authority. Stocks, also known equity are securities that signify ownership of a certain percentage of a company.
With the idea of capital appreciation in mind when buying crypto or stocks, and especially when the price of the asset rises the majority of people will buy them both.
Why Do People Purchase stocks and other cryptocurrencies?
For stocks, people buy shares to influence the company's decisions. Also, they invest to receive dividends that the company distributes to their shareholders.
It's quite simple to invest digitally in stocks and crypto today with the next-generation marketplace and numerous mobile investment apps.
While the process may seem the same but there are important distinctions. For instance, even though the Securities and Exchange Commission regulates the stock market, you are able to trade crypto anytime of the day from your smartphone or smart phone.
You can also trade cryptocurrency using other trading pairs of crypto and fiats.
Arif Efendi Trading Crypto Vs. https://www.deadlinenews.co.uk/2024/01/17/arif-efendi-explores-the-intersection-of-crypto-and-football/ Swing Trading
You may be asking yourself why trading cryptocurrency is so profitable in spite of its volatility.
Large market cap cryptos may have a swing of between 5% to 10%. The smaller cryptocurrency, however, may increase 10 times every day.
It's not commonplace in stocks.
For example, if you had invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837, your investment today would be worth $182,000 at current prices for trading of $182.
There is no need to be a bad investor to invest in crypto. A novice may wonder where the money originated. Arif Efendi The regulation of cryptocurrency isn't performed by a central organization.
Production costs as well as supply and demand are the primary variables that determine their worth.
Understanding Cryptocurrency Supply and Demand
Our textbook on economics teaches us that if demand for an asset increases faster than supply, then the price of the asset will increase.
Arif Efendi If there's an earthquake that strikes a certain location, the cost of water will increase even if the demand remains static. The same economic principle is applicable to crypto.
We are getting closer to the stage of mass adoption and institutional investors such as MicroStrategy or even a country like Ecuador are placing huge bets on crypto. This is an exciting time to be alive.
It's Important to Recognize the Risks of Volatility
Cryptocurrency's value fluctuates like the market for stocks. Many people want to make 100x profits by investing in cryptocurrency.
While there is no utmost assurance that an asset will always be profitable, it is always important to know when you should buy an asset, and then sell it to make profits.
Warren Buffet said, "Be scared when you see others being greedy and greedy when other are afraid."
People in the crypto space are usually scared. Bear markets are the best spot to buy cryptocurrency. If the currency is in decline. Panic-selling is when there are no Harry, Dick or Tom.
Fearful people can lose their investment if they're concerned and nervous. You can make an inventory of the cryptocurrencies you're interested in investing in and wait for them to come up.
An ideal time to invest is during the weekend, as the majority of institutional investors have shut their trades.
Arif Efendi There is a huge shift taking place in the present from traditional methods of investing which require you to work with a broker, to newer methods where you can buy crypto in the privacy of your own home.
Should I Purchase a Cryptocurrency?
There are many cryptocurrencies available to select from if you visit coinmarketcap.com.
My first choice was Solana. POLIS followed by AVAX and ATLAS.
It's also easier to keep track of your favorite coins and keep an eye on them. Tabtrader is an application that allows you to check every swing and see when it's time to profit or invest in more.
If you've been holding your cryptocurrency for a period of time then you may either transfer it and receive airdrops, or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. https://www.europeanfinancialreview.com/arif-efendi-chinese-new-year-travel-hospitality/ Secure passwords can be used to safeguard their users.
The 12-word phrase you have chosen should be kept in order to recover your asset in the event of your host device goes missing or taken.
Conclusion
All this information will make you your own bank and permit you to transact anywhere and at any time you wish.