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Arif Efendi shares his insights on Crypto Investment with a businessman
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Arif Efendi, a seasoned investor and businessman was aware that cryptocurrency were now a legal investment option. In this article the author shares his experience and thoughts.
Arif Elfendi explains difference between crypto and stocks.
Arif Efendi If you're an investor it is important to understand the distinctions between stocks and cryptocurrency. While there are some commonalities between stocks and cryptocurrencies however, they're very distinct.
Cryptocurrency is a digital asset which can be used to store and verify transactions utilizes cryptography as an alternative to the central authority. Stocks, also known as equity, are financial instruments that symbolize ownership of a portion or company.
Stocks and crypto are bought to gain capital appreciation, especially when the asset is increasing in value.
Arif Efendi What makes people purchase cryptocurrency and stocks?
Stocks are purchased by shareholders to vote for company decision-making. Additionally, they invest in order to earn dividends that the company distributes to its shareholders.
It's quite simple to invest in digital crypto and stocks currently with the next-generation marketplace and numerous mobile investment apps.
Although the process may look like it does, there are a lot of variations. You can trade crypto at any hour of the day regardless of whether or not the Securities and Exchange Commission regulates the stocks.
You can also trade crypto with cryptocurrency trading pairs, fiats or crypto.
Trading Crypto is different from. Swing Trading
You can ask why it is more profitable trading crypto, despite the fluctuation.
You can see a 5% to 10% swing on crypto with an enormous market cap while smaller cryptocurrencies can achieve 10x per day.
It's not a common the stock.
To illustrate, if, for instance, you invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837 Your investment would now be worth $182,000 at the current price of trading at $182.
If you've got a solid foot, investing in crypto can yield a lot of rewards. An uninitiated person might wonder where the money is coming from. There is no central authority that oversees cryptocurrency.
Their value is determined by the cost of production, supply and demand, acceptance, and the availability on exchanges for utilities and in utilities.
Understanding Demand and Supply in Cryptocurrency
We know from the textbooks on economics that if there's greater demand than supply of an asset, its price will rise.
If there's an earthquake in an area that is affected by water, the price of water will increase if there is a demand for it isn't. This economic principle also is applicable to crypto.
We are approaching the point of mass adoption, and investors from institutions like MicroStrategy or a country like Ecuador are placing huge bets on cryptocurrency. It's a wonderful moment to live!
It's important to understand the dangers of volatility
The price of cryptocurrency fluctuates similarly as the market for stocks. Arif Efendi Arif Efendi Many people desire to become cryptocurrency-savvy and earn a 100x profit.
Arif Efendi While it's not guaranteed that an asset will remain profitable forever it is essential to be aware of when assets is best to be sold or taken profit.
Warren Buffet says, "Be fearful if others become greedy. Don't be greedy if other people are afraid."
Many people who work in the field of cryptocurrency are concerned. Bear markets are the best time to invest in crypto. When the value of cryptocurrency is falling. If Harry, Dick and Tom panic-sell.
If investors become worried and fearful, they could lose their holdings. Create a list of cryptocurrency you would like to invest in and then watch for the red candles.
An ideal time to invest is during the weekend, because most institutional investors have closed their positions.
The traditional method of investing requires a broker. Today, buying cryptocurrency is accessible from the comfort of your home.
Which Cryptocurrency Should I Buy?
https://www.youtube.com/channel/UC88wbcqStE-yuh9ZGXgwTcw/videos You have many options when you check coinsmarketcap.com.
My top option has been Solana, closely followed by AVAX and POLIS.
Arif Efendi It is even easier now to monitor and track your most loved coins. Tabtrader makes it simple to track each swing and also when it is time to buy more.
If you've held onto your cryptocurrency for some time, you may be able to get it back and enjoy airdrops. You can also move them to wallets such Trustwallet or Imtoken and create secure passwords to ensure their security.
It is also essential to keep your 12-word phrase so you can restore your investment in the event that your host device goes missing or stolen.
Conclusion
All these details make you your bank. You can transact any time, anywhere in the world, using everything you own.
Arif Elfendi explains difference between crypto and stocks.
Arif Efendi If you're an investor it is important to understand the distinctions between stocks and cryptocurrency. While there are some commonalities between stocks and cryptocurrencies however, they're very distinct.
Cryptocurrency is a digital asset which can be used to store and verify transactions utilizes cryptography as an alternative to the central authority. Stocks, also known as equity, are financial instruments that symbolize ownership of a portion or company.
Stocks and crypto are bought to gain capital appreciation, especially when the asset is increasing in value.
Arif Efendi What makes people purchase cryptocurrency and stocks?
Stocks are purchased by shareholders to vote for company decision-making. Additionally, they invest in order to earn dividends that the company distributes to its shareholders.
It's quite simple to invest in digital crypto and stocks currently with the next-generation marketplace and numerous mobile investment apps.
Although the process may look like it does, there are a lot of variations. You can trade crypto at any hour of the day regardless of whether or not the Securities and Exchange Commission regulates the stocks.
You can also trade crypto with cryptocurrency trading pairs, fiats or crypto.
Trading Crypto is different from. Swing Trading
You can ask why it is more profitable trading crypto, despite the fluctuation.
You can see a 5% to 10% swing on crypto with an enormous market cap while smaller cryptocurrencies can achieve 10x per day.
It's not a common the stock.
To illustrate, if, for instance, you invested $1000 in Solana's Solana stock on January 1, 2021, at $1.837 Your investment would now be worth $182,000 at the current price of trading at $182.
If you've got a solid foot, investing in crypto can yield a lot of rewards. An uninitiated person might wonder where the money is coming from. There is no central authority that oversees cryptocurrency.
Their value is determined by the cost of production, supply and demand, acceptance, and the availability on exchanges for utilities and in utilities.
Understanding Demand and Supply in Cryptocurrency
We know from the textbooks on economics that if there's greater demand than supply of an asset, its price will rise.
If there's an earthquake in an area that is affected by water, the price of water will increase if there is a demand for it isn't. This economic principle also is applicable to crypto.
We are approaching the point of mass adoption, and investors from institutions like MicroStrategy or a country like Ecuador are placing huge bets on cryptocurrency. It's a wonderful moment to live!
It's important to understand the dangers of volatility
The price of cryptocurrency fluctuates similarly as the market for stocks. Arif Efendi Arif Efendi Many people desire to become cryptocurrency-savvy and earn a 100x profit.
Arif Efendi While it's not guaranteed that an asset will remain profitable forever it is essential to be aware of when assets is best to be sold or taken profit.
Warren Buffet says, "Be fearful if others become greedy. Don't be greedy if other people are afraid."
Many people who work in the field of cryptocurrency are concerned. Bear markets are the best time to invest in crypto. When the value of cryptocurrency is falling. If Harry, Dick and Tom panic-sell.
If investors become worried and fearful, they could lose their holdings. Create a list of cryptocurrency you would like to invest in and then watch for the red candles.
An ideal time to invest is during the weekend, because most institutional investors have closed their positions.
The traditional method of investing requires a broker. Today, buying cryptocurrency is accessible from the comfort of your home.
Which Cryptocurrency Should I Buy?
https://www.youtube.com/channel/UC88wbcqStE-yuh9ZGXgwTcw/videos You have many options when you check coinsmarketcap.com.
My top option has been Solana, closely followed by AVAX and POLIS.
Arif Efendi It is even easier now to monitor and track your most loved coins. Tabtrader makes it simple to track each swing and also when it is time to buy more.
If you've held onto your cryptocurrency for some time, you may be able to get it back and enjoy airdrops. You can also move them to wallets such Trustwallet or Imtoken and create secure passwords to ensure their security.
It is also essential to keep your 12-word phrase so you can restore your investment in the event that your host device goes missing or stolen.
Conclusion
All these details make you your bank. You can transact any time, anywhere in the world, using everything you own.
