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Arif Efendi, Businessman, Shares His Insights On Crypto Investment
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Arif Efendi is an experienced businessman and investor who realized that cryptocurrency was a legitimate investment option. Here are his thoughts and lessons.
Arif Emendi explains the difference is between stocks and Crypto
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor, like me. While there are some similarities between cryptocurrency and stocks but they're quite different.
Cryptocurrency is a digital asset which can be used to store and verify transactions utilizes cryptography as an alternative to an authority central to. Equity, also referred to as equity, are financial instruments that represent ownership in a part or company.
Arif Efendi Arif Efendi People buy both stocks and crypto with an eye on capital appreciation particularly when the asset that is being held increases in price.
Why people Buy Cryptocurrencies and Stocks
Stocks are also able to be bought to influence the company's decisions and votes. They also purchase stocks for dividend payments that the company distributes to their shareholders.
It is easy to invest online in crypto and stocks using the latest generation of marketplaces and a variety of mobile apps for investing.
Arif Efendi Despite the fact that the process looks similar however, there are some major differences. It is possible to trade cryptocurrency at any time of the day, regardless of whether you are regulated by the Securities and Exchange Commission regulates the stocks.
You can also trade cryptocurrency using other crypto trading pairs and fiats.
Trading Crypto Vs. Swing Trading
You might be asking why it is more profitable to invest in crypto, despite volatility.
There is an 5%-10 percent change in the price of crypto when it has the largest market cap even smaller cryptos can reach 10x in a particular day.
This is a rare item in the market.
For instance, if $1000 had been placed in Solana on January 1, 2021, for $1.837 The investment would be worth $182,000 at the time of writing. It is now $182.
It can be extremely rewarding to invest in crypto as long as you don't have weak hands. The money can come from a stranger. It's impossible to regulate cryptocurrency from an agency central to.
Cost of production supply, demand, and cost are the primary factors that determine their value.
Understanding the Supply and Demand in Cryptocurrency
Our economics textbook teaches us that if demand for an asset rises more rapidly than supply, the cost of the asset will go up.
In the case of an earthquake, for instance in the event of an earthquake that strikes a particular area, the price of water will increase if the demand remains constant. This same principle of economics also applies to cryptocurrency.
We are now in the phase of mass adoption. Investors from institutions like MicroStrategy are investing massively in cryptocurrencies. Arif Efendi This is a fantastic time to be alive!
It's crucial to be aware of the potential risks associated with volatility
The worth of cryptocurrency goes up and down just like the market for stocks. Many people are eager to invest in crypto to achieve 100x returns.
Although it is highly unlikely that the asset will be profitable, there are certain instances when it's worth your time to purchase an asset and then sell it or make a profit.
Warren Buffet stated, "Be cautious when you see others being greedy, and be greedy whenever people are scared."
https://www.researchgate.net/profile/Arif_Efendi The majority of people who invest in cryptocurrency are scared. Bear markets are the best time to invest in crypto. If the price of the cryptocurrency is declining. If Harry, Dick, or Tom are in panic selling.
If investors become worried and afraid, they may lose their investments. Make a list of the cryptos you'd like to invest in, then wait for the red candles.
The best investment time is during the weekend, when the majority of institutional investors have closed their positions.
Right now, we are witnessing a major shift away from traditional methods of investing, in which you need a broker, to a modern way, that allows you to purchase cryptocurrency right from your room.
What Cryptocurrency Should I Purchase?
There are a lot of options available to choose from when you go to coinsmarketcap.com.
My favorite always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.
Arif Efendi It's also easier to keep track of your favorite coins and keep the eye on them. With an app like Tabtrader You can monitor each swing and know when it is time to purchase more or take profits.
If you've held onto your cryptocurrency for some time, you may be able to take it and get airdrops. You can also transfer the coins into wallets like Trustwallet or Imtoken and set up secure passwords to ensure their security.
Keep a copy of your 12-word phrase in case your host device is stolen or lost.
Conclusion
All these details make you your bank. You are able to transact at any time, anywhere in the world, with everything you own.
Arif Emendi explains the difference is between stocks and Crypto
Understanding the distinction between stocks and cryptocurrency is crucial if you are an investor, like me. While there are some similarities between cryptocurrency and stocks but they're quite different.
Cryptocurrency is a digital asset which can be used to store and verify transactions utilizes cryptography as an alternative to an authority central to. Equity, also referred to as equity, are financial instruments that represent ownership in a part or company.
Arif Efendi Arif Efendi People buy both stocks and crypto with an eye on capital appreciation particularly when the asset that is being held increases in price.
Why people Buy Cryptocurrencies and Stocks
Stocks are also able to be bought to influence the company's decisions and votes. They also purchase stocks for dividend payments that the company distributes to their shareholders.
It is easy to invest online in crypto and stocks using the latest generation of marketplaces and a variety of mobile apps for investing.
Arif Efendi Despite the fact that the process looks similar however, there are some major differences. It is possible to trade cryptocurrency at any time of the day, regardless of whether you are regulated by the Securities and Exchange Commission regulates the stocks.
You can also trade cryptocurrency using other crypto trading pairs and fiats.
Trading Crypto Vs. Swing Trading
You might be asking why it is more profitable to invest in crypto, despite volatility.
There is an 5%-10 percent change in the price of crypto when it has the largest market cap even smaller cryptos can reach 10x in a particular day.
This is a rare item in the market.
For instance, if $1000 had been placed in Solana on January 1, 2021, for $1.837 The investment would be worth $182,000 at the time of writing. It is now $182.
It can be extremely rewarding to invest in crypto as long as you don't have weak hands. The money can come from a stranger. It's impossible to regulate cryptocurrency from an agency central to.
Cost of production supply, demand, and cost are the primary factors that determine their value.
Understanding the Supply and Demand in Cryptocurrency
Our economics textbook teaches us that if demand for an asset rises more rapidly than supply, the cost of the asset will go up.
In the case of an earthquake, for instance in the event of an earthquake that strikes a particular area, the price of water will increase if the demand remains constant. This same principle of economics also applies to cryptocurrency.
We are now in the phase of mass adoption. Investors from institutions like MicroStrategy are investing massively in cryptocurrencies. Arif Efendi This is a fantastic time to be alive!
It's crucial to be aware of the potential risks associated with volatility
The worth of cryptocurrency goes up and down just like the market for stocks. Many people are eager to invest in crypto to achieve 100x returns.
Although it is highly unlikely that the asset will be profitable, there are certain instances when it's worth your time to purchase an asset and then sell it or make a profit.
Warren Buffet stated, "Be cautious when you see others being greedy, and be greedy whenever people are scared."
https://www.researchgate.net/profile/Arif_Efendi The majority of people who invest in cryptocurrency are scared. Bear markets are the best time to invest in crypto. If the price of the cryptocurrency is declining. If Harry, Dick, or Tom are in panic selling.
If investors become worried and afraid, they may lose their investments. Make a list of the cryptos you'd like to invest in, then wait for the red candles.
The best investment time is during the weekend, when the majority of institutional investors have closed their positions.
Right now, we are witnessing a major shift away from traditional methods of investing, in which you need a broker, to a modern way, that allows you to purchase cryptocurrency right from your room.
What Cryptocurrency Should I Purchase?
There are a lot of options available to choose from when you go to coinsmarketcap.com.
My favorite always has been Solana (SOL), followed by AVAX, POLIS and ATLAS.
Arif Efendi It's also easier to keep track of your favorite coins and keep the eye on them. With an app like Tabtrader You can monitor each swing and know when it is time to purchase more or take profits.
If you've held onto your cryptocurrency for some time, you may be able to take it and get airdrops. You can also transfer the coins into wallets like Trustwallet or Imtoken and set up secure passwords to ensure their security.
Keep a copy of your 12-word phrase in case your host device is stolen or lost.
Conclusion
All these details make you your bank. You are able to transact at any time, anywhere in the world, with everything you own.
