Businessman Arif Efendi Shares Insights on Crypto Investment

Arif Efendi, a successful businessman and investor realized that cryptocurrencies could be an investment tool. Here are his insights and lessons.

https://www.wonderworldspace.com/arif-efendi-explains-blockchain-and-cryptocurrency/ Arif Efendi discusses why Crypto is distinct from the stock market.
https://www.norwich.edu/record/3343-staying-at-the-forefront It is essential to be able to distinguish between stock and cryptocurrencies for those who are, like me an investor. While they have several similarities, stocks and cryptocurrencies are different.

Cryptocurrency, a digital asset which can be used to store and verify transactions utilizes cryptography as an alternative to a central authority. On the other hand stock, also known as equity are securities that show the ownership of a portion of a firm.


If the value of an asset is rising, both stocks and crypto are bought with the intention of capital appreciation.

Why do people buy Stocks and other Cryptocurrencies?
Individuals buy stocks to be able to vote on the company's decisions. They also invest to receive dividends that the company distributes to its shareholders.

It's easy to invest your money digitally in stocks and crypto right now with the next-generation marketplace and numerous mobile investment apps.

It may seem like identical, however there are significant differences. You can trade cryptocurrency anytime you'd like, even though the Securities and Exchange Commission regulates the stock market.

You are also able to trade crypto with other trading pairs in crypto, or fiats.

Trading Crypto and. Swing Trading
Now you may wonder why it is better to invest in trading in crypto regardless of the volatility.

With a substantial market capitalization, you can expect to see a swing of 5-10% in crypto. But, smaller cryptos might be able to achieve 10x or higher daily.

This is a very scarce item.

For instance, if you had invested $1000 in Solana 1st January 2021, at $1.837 your investment would be valued at $182,000 today at the trading price of $182.

There is no need to be a bad investor in investing in crypto. Anyone who is new to investing in cryptocurrency may be confused about where the money is coming from. It is not controlled by any central authority.

Their value is therefore determined by the cost of production as well as demand and supply acceptance, and the availability on exchanges for utilities and in utilities.

Understanding Demand and Supply in Cryptocurrency
The economics textbook tells us that the price of an asset can rise if its demand grows more quickly than the supply.

In the event of an earthquake occurring in a place, the water price will go up if the demand for it isn't. The same principle of economics applies to cryptocurrency as well.

https://www.abcmoney.co.uk/2022/09/20/arif-efendi-on-how-crypto-is-used-in-the-football-industry/ We are in the mass adoption phase, and we are seeing institutional investors such as MicroStrategy as well as a country such as Ecuador betting big on cryptocurrencies. It's a wonderful moment to be alive!

Recognize the Risks of Volatility
The worth of cryptocurrency goes up and down similar to the market for stocks. A lot of people want to join the crypto market and reap 100x profit.

Although there isn't a 100% assurance that an investment will be profitable for a long time, it is always important to know when to buy an asset and when to sell it or make profits.

Warren Buffet once said, "Be fearful of others being greedy, and be greedy if you are afraid of others."

Most people who work in the crypto market are scared. The bear market is the ideal moment to buy cryptocurrency. When the price of cryptocurrency is declining. Panic-selling happens when every Harry, Dick, and Tom is going down.

People who are anxious can risk losing their investment if they're worried and anxious. Keep a list of cryptos you would like to invest in , and wait for the red candles to start appearing.

A weekend is an excellent time to buy, as most institutional investors will close their trades for that week.

There is a shift away from traditional investment methods, where a broker is necessary, to more modern methods which allow you to purchase crypto from your home.

What Cryptocurrency should I purchase?
You can pick from a variety of cryptocurrency options when you go to coinmarketcap.com.

Arif Efendi My first choice has always been Solana, closely followed by AVAX and POLIS.

https://priceofbusiness.com/businessman-arif-efendi-on-crypto-investment/ It's easier than ever to monitor and track your favorite coin. Tabtrader lets you track every move so that you can decide when to profits or purchase more.

If you've been holding your cryptocurrency for an extended time, you can use it to collect airdrops or transfer your coins to wallets such as Trustwallet, Imtoken or Myetherwallet and make sure you use secure passwords to safeguard your coins.

It is also recommended to keep your 12-word phrase just in the event that your host device gets stolen or lost.

Conclusion
With all of this details, you're your own bank and can make transactions at any time and from any location anywhere in the world.