Arif Efendi was a businessman and investor who realized that cryptocurrency was an investment opportunity. This article shares his experiences and insights.
Arif Elfendi explains the differences between stocks and crypto
Investors such as myself need to know the difference between stock and cryptocurrencies. Although they share some similarities, they aren't identical to stocks.
Cryptocurrency is an electronic currency which is backed in a decentralized way using cryptography rather than a central authority. Equity, also referred to as equity, are financial instruments which represent ownership in a part or company.
People buy both stocks and crypto with the intention of capital appreciation particularly when the asset that is being held increases in price.
Why People Buy stocks and cryptocurrencies
In the case of stocks, investors purchase stocks to be able to vote and influence company decisions. Additionally, they invest in shares to receive dividends that the company pays to its shareholders.
It's easy to invest in crypto and stocks today using the next-generation market and other apps for mobile investments.
While the process looks similar, there are some significant differences. For instance, while the Securities and Exchange Commission regulates the trading of stocks, you can also trade crypto at any time of the day directly from your phone or smart device.
You can also trade with fiats and crypto trading pairs.
Trading Crypto Vs. Swing Trading
It is possible to ask why it's more profitable to trade crypto despite the volatility.
With a huge market capitalization, you can expect to see a swing of 5-10% in the crypto. But, smaller cryptos can reach 10x or more every day.
This is a rare stock.
If you invested $1000 in Solana at $1.837 on January 1, 2021 Your investment would be worth $182,000 at the current trading price of $182.
https://picryl.com/topics/bakkal+ahmed+arif+efendi If you're not afraid cryptocurrency investment could be very profitable. Anyone who is not familiar with the subject may wonder where the money is coming from. It's impossible to regulate cryptocurrency from a central agency.
They are therefore worth their cost in terms of demand, supply and production.
Understanding Demand and Supply in Cryptocurrency
We can remember from textbooks on economics that if there is greater demand than supply for an asset, its price will rise.
In the event of an earthquake that strikes a certain location, the cost of water will rise even if the demand remains static. The same economic concept applies for cryptocurrencies.
We are in the middle of the phase of mass adoption. We find institutional investors like MicroStrategy as well as countries like Ecuador making big bets on cryptocurrency. It's a great moment to be alive.
Recognize the Volatility Risks
The worth of cryptocurrency fluctuates and down as does the market for stocks. A lot of people are hoping to make 100x profit by investing in crypto.
Arif Efendi Although it is highly unlikely that an asset would continue to earn a profit There are occasions when it's worthwhile to invest in an asset, and then sell it or take profit.
Warren Buffet once said, "Be be wary of other people being greedy and be greedy when others are scared."
Arif Efendi A lot of people working in the crypto space are worried. The bear markets are the best time to invest in crypto. If the price of the cryptocurrency is falling. If Harry, Dick and Tom panic-sell.
If people feel anxious or scared, they might lose their assets. Make a list of the cryptocurrencies that you want to invest in and then wait for the red candles.
Arif Efendi A weekend is an excellent time to buy, as the majority of institutional investors will close their trades for that week.
There is a huge shift taking place in the present from traditional methods of investing where you need to work with a broker to newer methods where you can easily buy crypto from the privacy of your own home.
Arif Efendi Which Cryptocurrency should I purchase?
You have many options when you visit coinsmarketcap.com.
Arif Efendi My first choice was Solana. POLIS followed by AVAX and ATLAS.
It is now easier to track and monitor your preferred coins. Tabtrader is an app that allows you to check every swing and see when it's time for you to earn or buy more.
If you have your cryptocurrency for a long time frame then you can choose to either collect airdrops or transfer them to wallets such as Trustwallet. Imtoken or Myetherwallet. Secure passwords are essential to secure your cryptocurrency.
Keep your 12-word phrase in mind to ensure you are able to retrieve your assets in the scenario of the host device becoming lost or stolen.
Conclusion
Your bank has all of this data. Make transactions wherever you are around the globe anytime.
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