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Arif Efendi who is a successful investor, businessman and entrepreneur, realized that cryptocurrencies have become an investment asset. Here are his observations and lessons. Arif Efendi discusses how Crypto is different from stocks. It is essential to know the difference between cryptocurrencies and stocks if you are like me, an investor. Although they have many similarities, stocks and cryptocurrency are distinct. Cryptocurrency is the term used to describe a digital currency whose transactions are recorded through a decentralized system using cryptography instead of a central authority. Stocks (also called equity) are securities that show ownership of a certain portion of a business. Capital appreciation is a key motive for investors to buy stocks and crypto. This is particularly true when the asset is rising in price. Why Do People Buy Stocks and Other Cryptocurrencies Stocks can also be purchased to influence company decisions and votes. Investors also purchase stocks to receive dividends that the company gives to shareholders. It's easy to invest in digital stocks and crypto right now using the next-generation marketplace as well as various mobile apps for investing. While the process may seem similar but there are important differences. You can trade cryptocurrency any time you want, even though the Securities and Exchange Commission regulates stocks.
Trading Crypto vs. Swing Trading Now you may wonder why it is better to invest in trading crypto regardless of the volatility. Large market cap cryptos could have a swing of between 5% to 10 percent. The smaller cryptos, however, could increase 10 times every day. This is a uncommon situation in stock. For instance, if were to have invested $1000 in Solana on January 1, 2021 at $1.837 the investment would be worth $182,000 right now at the trading price of $182. If you've got a solid foot, investing in crypto can be very rewarding. Some novices might wonder where the money comes from. There is no central authority to regulate cryptocurrency. Thus, their value comes in the form of supply and production, as well as the demand and acceptance. Understanding the Supply & Demand in cryptocurrency Our textbook on economics instructs us that if demand for an asset rises faster than supply, then the price of the asset will rise. For instance, if there is an earthquake at a specific location, the price of water will increase if the demand is static. The same economic concept applies to cryptocurrency. We are now in the stage of mass adoption and we're witnessing institutional investors like MicroStrategy? as well as a country such as Ecuador betting big on cryptocurrencies. This is a great moment to be alive. It's important to understand the risks of volatility The price of crypto fluctuates similarly as the stock market. Many people want to be part of the crypto market and earn 100x profit. There's no guarantee that an asset's profit margin will be constant, however it is essential to know the right time to sell an asset or make a profit. Warren Buffet once said, "Be be wary of other people being greedy and being greedy if you are afraid of others." Most people in the crypto market are afraid. https://scholar.google.co.id/citations?user=1H3CimcAAAAJ The bear markets are among the best times to invest in crypto. When the asset goes down. If every Tom, Dick and Harry is selling in a panic. The people who are anxious and fearful could lose their assets. Make a list of the cryptocurrencies you want to invest in and then wait for candles to light red. https://siet.ub.ac.id/info/staff/390eac2 A great time to invest is the weekend, when the majority of institutional investors have closed their positions. Today, there is significant change in the way we make investments. Instead of requiring a broker, you can buy crypto in your home. https://thelibertarianrepublic.com/arif-efendi-why-cryptocurrency-here-to-stay/ What Cryptocurrency should I buy? There are a variety of cryptocurrencies to select from if you check coinmarketcap.com. My first choice has always been Solana, followed closely by AVAX and POLIS. It's easier than ever to keep track of and monitor your favorite currency. Tabtrader allows you to track each swing and also when it is time to buy more. If you've been storing your cryptocurrency for a while and you're able to get it back and enjoy airdrops. You can also move the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to ensure their security. https://www.ketebe.org/sanatkar/bakkal-arif-efendi-170 Keep your 12-word phrase handy to ensure you are able to retrieve your valuables in the scenario of the host device becoming lost or taken. Conclusion With this information, your bank is your bank. https://ventsmagazine.co.uk/arif-efendi-explains-how-crypto-is-used-in-the-football-industry/ You can conduct transactions anywhere on the planet anytime. |
