Arif Efendi shares his insight on crypto investments together with businessman Arif Efendi

Arif Efendi was a businessman and an investor who saw that cryptocurrencies were a viable investment asset. Here are his thoughts and lessons.

Arif Efendi Explains the difference between Crypto vs. Stocks
If you're an investor, it's crucial to comprehend the differences between stock and cryptocurrency. Although they share many similarities, stock and cryptocurrencies differ.

Cryptocurrency, a digital asset which can be used to store and verify transactions employs cryptography as an alternative to a central authority. Equity, also referred to as stock are securities that are ownership of a certain percentage of a company.

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

Why people buy stocks and cryptocurrencies
Individuals buy stocks to be able to vote on company decisions. Investors can also buy stocks in order to receive dividends from the company.

It's easy to invest in stocks and crypto online right now with the latest market technology and mobile apps for investing.

The process may appear the same but there are important differences. Arif Efendi Cryptocurrency trading can be done anytime of the day, regardless of whether the Securities and Exchange Commission regulates the stock market.

You can also trade crypto with other crypto trading pairs or fiats.

Trading Crypto vs. https://www.kitapyurdu.com/yazar/seyhulislam-mesrebzade-mehmed-arif-efendi-/217094.html Swing Trading
It is possible to ask why it is more profitable to trade crypto despite the volatility.

With a huge market capitalization, you can expect an increase of 5% to 10% in the crypto. https://www.kolnkutuphane.de/de/menakib-i-kethudazade-el-hac-mehmed-arif-efendi-bir-var-imis-bir-yog-imis-490874 But, smaller cryptos could achieve 10x or more daily.

It's true that this is a rare item in the market.

As an example, if $1000 had been placed in Solana 1st January 2021, at $1.837 the investment would be worth $182,000 now at $182.

You don't have to be a bad investor in crypto investing. A noob may ask what the source of the money comes from. The cryptocurrency market is not governed by any central institution.

Production costs supply, demand, and cost are the main factors that determine their value.

Understanding Supply and Demand in Cryptocurrency
Our economics textbook shows us that if the the demand for an asset grows more rapidly than supply, the price of the asset will rise.

If there is an earthquake in a specific location, the cost of water will rise , even if the demand remains static. This same principle of economics also is applicable to crypto.

We are in the mass adoption phase. Investors from institutions like MicroStrategy are investing massively in cryptocurrencies. It is an exciting moment to be alive.

It is important to be aware of the risks of volatility
Similar to the stock exchange, cryptocurrency's value changes. Many people want to be crypto-savvy and make 100x profit.

Although it's not certain that an investment will be profitable for a long time It is crucial to understand when an asset should be bought and sold or taken profit.

Warren Buffet once said, "Be afraid of being greedy, and be greedy when others are scared."

Many people who are in cryptocurrency are worried. The bear market is the ideal moment to buy crypto. If the value of the currency drops. If Harry, Dick, or Tom are selling in a panic.

Arif Efendi People who are anxious and fearful could lose their wealth. Have a list of cryptocurrencies you'd like to invest in and look for the candles to start appearing.

Arif Efendi Another good time to purchase is during the weekend as the majority of institutional investors are closing their trading for the week.

There is a major shift in how we invest. Instead of needing an intermediary, you can now buy crypto directly in your home.

What Cryptocurrency Should You Buy?
There are a myriad of cryptocurrency options when you go to coinmarketcap.com.

My number one pick was Solana. POLIS followed by AVAX and ATLAS.

It's easier than ever to monitor and track your most loved currency. Tabtrader allows you to monitor each movement and decide the best time to invest or profit.

If your cryptocurrency has been held for a while it's possible to collect airdrops and move the coins to wallets. Trustwallet. Imtoken. Myetherwallet.

Additionally, it is essential to keep your 12-word phrase in a safe place to be able to refer to it in the future in case your host device gets lost or stolen.

Conclusion
All of these details make you your bank. You can transact anytime, anyplace in the world, with all you have.

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Pub: 11 Oct 2023 13:41 UTC
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