Businessman Arif Efendi Shares Insights on Crypto Investment

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

Arif Efendi Explains the difference between Crypto and.  Arif Efendi Stocks
It is crucial to be able to distinguish between cryptocurrency and stock for those who are, like me an investor. Although they share many similarities, stock and cryptocurrency are distinct.

Arif Efendi Cryptocurrency is a digital asset that is used to keep track of transactions and to verify them, uses cryptography as an alternative to a central authority. Stocks (also known as equity) are securities that prove ownership of a specific part of a business.

Capital appreciation is a key reason why people buy cryptocurrency and stocks. This is especially the case when the assets they hold rise in price.

What makes people invest in cryptocurrency and stocks?
Stocks are bought by people to be able to vote on corporate decision-making. Investors also purchase stocks to receive the dividend payments that the company makes to shareholders.

It is quite easy to invest your money digitally in stocks and crypto currently through the new marketplace and numerous mobile investment apps.

Although the process might look like it is, there are numerous distinctions. The Securities and Exchange Commission regulates stocks. But, trading with crypto is accessible from any smartphone or smart device at any time.

It is also possible to trade with crypto trading pairs or fiats.

Trading Crypto vs. Swing Trading
You may be asking yourself why trading in crypto is so profitable despite its volatility.

A large market cap can cause a shift between 5% and 10% on cryptocurrency, while smaller ones can see gains of 10x within a single day.

The truth is that this is a rare item in the market.

If you invested $1000 in Solana at $1.837 1st January 2021, your stake would have been worth $182,000 at today's market price of $182.

It can be extremely profitable to invest in crypto as long as you don't have weak hands.  Arif Efendi The money could come from a stranger. No central institution regulates cryptocurrency.

Therefore, their value stems from the costs of production, supply demand, adoption, and availability in exchanges and utility.

Understanding the Supply and Demand in cryptocurrency
The textbook on economics explains that the cost of an asset will rise when demand for it grows more rapidly than its supply.

If there's an earthquake, for example water prices can rise in the event of a shortage. The same principle of economics applies to cryptocurrencies.

We are nearing the stage of mass adoption and institutions such as MicroStrategy or even a country like Ecuador are placing huge bets about cryptocurrency. What a great time to be alive!

It is crucial to be aware of the dangers of volatility
The cost of crypto fluctuates exactly the same way as the stock market. Many are keen to invest in crypto to make 100x profits.

While it is unlikely that an investment will continue to earn a profit, there are certain times when it is worth the effort to buy an asset and later sell it or take profits.

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

Arif Efendi A lot of people working in the cryptocurrency space are worried. The bear market is the ideal location to purchase cryptocurrency. If the asset is falling. If Harry, Dick, or Tom are selling in a panic.

If investors are anxious or scared, they might lose their assets. You can make your own list of cryptocurrencies that you are looking to invest in and wait for them to come up.

Another great time is on the weekends when most institutions are closing their trades.

There is a major shift happening right now from traditional investment strategies where you need to work with a broker. These are contemporary ones that let you easily purchase crypto from the privacy of your own home.

What Cryptocurrency should I buy?
There are many cryptocurrencies available to pick from when you go to coinmarketcap.com.

My personal favorite was Solana. This was followed by VAX, POLIS, and ATLAS.

It is now easier to monitor and track your favorite coins. With an app like Tabtrader you can track every swing to know when to purchase more coins or to take profit.

If you've held your cryptocurrency for a while it is possible to either withdraw it to receive airdrops or transfer it into wallets like Trustwallet, Imtoken, or Myetherwallet.  Arif Efendi Secure passwords are used to protect the security of your crypto.

It is also important to keep your 12-word phrase in a safe place to refer to in the event that your host device becomes lost or stolen.

Conclusion
You are your bank with all this information. Make transactions wherever you are in the world anytime.