Arif Efendi, a businessman and investor with a wealth of experience, recognized cryptocurrency as an investment choice. In this article he shares his experiences and tips
Arif Emendi clarifies what is the difference between stock and Crypto
Knowing the difference between stock and cryptocurrency is crucial if you are an investor like me. Arif Efendi Stocks and cryptocurrency have some similarities, but they aren't the same.
Cryptocurrency is the term used to describe the concept of a digital currency whose transactions are recorded by a decentralized system employing cryptography rather than an authority central to. Stocks, also known equity are securities that signify ownership of a portion of a company.
With the idea of capital appreciation in mind when buying stocks or crypto, particularly when the asset's price rises individuals tend to purchase both.
Why do people buy Stocks and other Cryptocurrencies?
In the case of stocks, investors purchase stocks to be able to vote and influence company decisions. Investors also buy shares to earn dividends that the company gives to shareholders.
It's simple to invest in stocks and crypto digitally right now using the latest market technology and mobile investment apps.
While the process might appear similar, there are still significant differences. The Securities and Exchange Commission regulates stocks. But, trading with crypto can be done from any mobile or smart device anytime.
You can also trade crypto using fiats, crypto trading pairs or crypto.
Trading Crypto and. Arif Efendi Swing Trading
You might wonder why trading crypto is more profitable in spite of volatility.
Cryptos with huge market cap can swing 5% to 10%, while smaller cryptos could reach 10x within a day.
This is actually a very uncommon situation in stock.
https://www.europeanfinancialreview.com/arif-efendi-chinese-new-year-travel-hospitality/ In this case, for example, if $1000 had been put into Solana on January 1, 2021 at $1.837 The investment would be valued at $182,000 today at $182.
It can be extremely profitable investing in crypto, if you're not a weak player. An uninitiated person might be wondering how the money is made. There is no central authority to regulate cryptocurrency.
Their value is dependent on the cost of production and consumption, demand and supply acceptance, and the availability on exchanges for utilities and utilities.
Understanding Demand and Supply in Cryptocurrency
The textbook on economics explains that the cost of an asset can rise in the event that its demand increases faster than its supply.
For example, an earthquake could cause the price of water to increase in some regions. The same economic principle applies to cryptocurrency.
We are getting to the mass adoption phase, and we're witnessing institutional investors like MicroStrategy as well as a country such as Ecuador betting big on cryptocurrencies. It is an exciting moment to be alive.
It's crucial to be aware of the Risks of Volatility
The cost of cryptocurrency fluctuates similarly as the stock market. Arif Efendi Many want to be part of the crypto market and make 100x profits.
It is difficult to know whether an asset will continue being profitable. Arif Efendi But, it is essential to be aware of when you should buy and sell an asset.
Warren Buffet once said, "Be afraid of being greedy, and be greedy if you are afraid of others."
https://www.researchgate.net/profile/Arif_Efendi Many people who work in the crypto space are worried. The bear markets are among the best time to make investments in crypto. If the currency is in decline. Arif Efendi When Harry, Dick, or Tom are panic-selling.
If investors are anxious and worried, they might lose their holdings. Have a list of cryptocurrencies you would like to invest in and wait for the candles to appear.
Another great time is on weekends, when the majority of institutional buyers are closing their trades.
There is a massive shift happening right now from traditional methods of investing where you need to work with a broker to modern ones where you can buy crypto in the comfort of your own home.
Arif Efendi What Cryptocurrency Should You Buy?
There are several cryptocurrencies to choose from if you visit coinmarketcap.com.
My first option has been Solana and is followed closely by AVAX and POLIS.
It's even easier to track your favorite coins and keep the eye on them. Tabtrader is an application which lets you track every single swing to determine when it's time to make a profit or buy more.
If you've held onto your cryptocurrency for a while it's possible to use it and receive airdrops. You can also move the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to protect them.
You should also keep your 12-word word phrase in case your host device is lost or stolen.
Conclusion
With this information, your bank is your bank. You can conduct transactions anywhere around the world at any hour.