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

Arif Efendi is an experienced investor and businessman who realized that cryptocurrency was an acceptable investment asset. In this article , he shares his experience and knowledge

Arif Elfendi explains differences between stocks and crypto
Knowing the difference between cryptocurrency and stock is crucial if you are an investor like me. Stocks and cryptocurrency have some similarities though they are not identical.

Cryptocurrency refers to an electronic currency whose transactions are recorded through a decentralized system employing cryptography instead of an official central authority. However, stocks, also called equity are securities that represent ownership of a particular part of a firm.

Cryptocurrencies and stocks are purchased to gain capital appreciation, especially when the asset is increasing in value.

Why do people buy Stocks and Cryptocurrencies
Stocks are purchased by shareholders to be able to vote on corporate decision-making. Investors also buy shares to earn dividends that the company makes to shareholders.

It's simple to invest in stocks and crypto online right now with the next-generation market and other mobile investment apps.

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

Trade in crypto using fiats or other trading pairs of crypto.

Trading Crypto and. Swing Trading
You might be wondering why it is better to invest in trading in crypto despite the risk of.

Cryptos with huge market cap can fluctuate from 5% to 10 percent, while smaller cryptos can reach 10x in one day.

It's not a common stock.

To illustrate, if you made $1000 in Solana's Solana stock on January 1, 2021, at $1.837 the investment would now be worth $182,000 at the current trading prices of $182.

If you have a strong foot, investing in crypto can be very rewarding. An unexperienced investor might be wondering where the money came from. It's impossible to regulate cryptocurrency from an authoritative central authority.

https://www.eyupsultan.bel.tr/tr/main/pages/arif-mehmet-efendi/1178 Their value is determined by the cost of production as well as demand and supply acceptance, and the availability on exchanges for utilities and in utilities.

Arif Efendi Understanding Demand and Supply in Cryptocurrency
From our textbook on economics, we can recall that if demand for an asset rises up faster than the supply, the price of that asset will go up.

Arif Efendi For example, an earthquake can trigger water prices to rise in some regions. This economic principle also applies to cryptocurrency.

We are getting to the phase of mass adoption, and we're seeing institutions investors like MicroStrategy and a country like Ecuador investing heavily in cryptocurrency. It's a great time to be alive.

Recognize the Volatility Risks
The value of crypto goes up and down just like the market for stocks. Many are keen to invest in cryptocurrency and achieve 100x returns.

Although it's not certain that an asset will be profitable forever it is essential to be aware of when assets should be purchased and traded or sold to make profit.

Warren Buffet once said, "Be be wary of other people being greedy and be greedy if others are afraid."

The majority of people working in the cryptocurrency market are afraid. The bear markets are among the best times to invest in crypto. Arif Efendi When the asset goes down. When Harry, Dick, or Tom are in panic selling.

If people become anxious and fearful, they could lose their holdings. It is possible to make your own list of cryptocurrencies that you are looking to invest in and then wait for them to appear.

Another great time to buy is on weekends as the majority of institutional investors are closing their trades for the week.

There is a huge shift taking place in the present from traditional investment methods where you need to work with a broker to modern ones where you can easily buy crypto from the privacy of your home.

What Cryptocurrency should I invest in?
Check coinmarketcap.com to see a list of cryptocurrencies that you can pick from.

My most-loved pick has always been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It's also easier to keep track of your most loved coins and keep an in mind their movements. Tabtrader is an application which lets you track every swing and see when it's time to make a profit or purchase more.

Arif Efendi If you hold your cryptocurrency for a long period of time then you can choose to either collect airdrops or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential in order to protect your cryptocurrency.

It is important to keep your 12-word phrase in order to recover your asset in case the host device is lost or is stolen.

Arif Efendi Conclusion
With all of this details, you're your bank, and you can transact at any time and anywhere you find yourself in the world.

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Pub: 14 Sep 2023 11:00 UTC
Views: 48