Arif Efendi, a Businessman, shares insights about Crypto Investment

Arif Efendi was a businessman and an investor who recognized that cryptocurrencies could be a viable investment asset. Here are his insights and lessons.

Arif Elfendi explains the differences between stocks and crypto
Understanding the distinction between stock and cryptocurrency is essential if you're an investor, like me. Although they have many similarities, stock and cryptocurrency are distinct.

Arif Efendi Cryptocurrency is a type of digital asset or currency whose transactions are recorded and verified through an uncentralized system using cryptography instead of a centralized authority. Stocks, also referred to as securities or equity, are the ownership of a particular portion of a company.

With the idea of capital appreciation in mind, when buying crypto or stocks, and especially when the asset's price rises the majority of people will buy both.

Why Do People Buy stocks and other cryptocurrencies?
Stocks are also able to be bought to influence company decisions and vote. They also purchase stocks for dividend payments that the company pays to its shareholders.

It's easy now to invest digitally in shares and crypto using the next-generation marketplace.

Although the process looks similar, there are some significant differences. For example, while the Securities and Exchange Commission regulates stocks, you can trade crypto at any moment of the day through your mobile or smart device.

You can also trade with fiats and crypto trading pairs.

Trading Crypto vs. Swing Trading
You might be asking yourself why it is more profitable for you to trade cryptocurrency, regardless of the risk of volatility.

With a substantial market capitalization that is a good indicator of a 5%-10% swing in the crypto. But, smaller cryptos can reach 10x or more every day.

It's not a common stock.

For instance, if $1000 had been placed in Solana 1st January 2021, for $1.837, the investment would have been valued at $182,000 today at $182.

Arif Efendi It is extremely profitable to invest in crypto, if you're not a weak player.  Arif Efendi Beginners may be wondering where the money comes from. It's impossible to regulate cryptocurrency through an agency central to.

Therefore, their value comes in the form of production and supply as in addition to demand and the rate of adoption.

Understanding the Supply & Demand in cryptocurrency
We know from the economics books that if there's greater demand than supply for an asset its price will rise.

If there is an earthquake in a specific location, the cost of water will rise even if the demand remains static. The same economic principle applies to cryptocurrency.

We are currently at the point of mass adoption. Investors from institutions like MicroStrategy are investing heavily in cryptocurrencies. It's a great moment to be alive.

It is crucial to recognize the risks of volatility
The value of crypto goes up and down as does the market for stocks. Many want to be part of crypto and earn a 100x profit.

Although it's not certain that an investment will be profitable for a long time, it is important to know when an asset is best to be removed from profit or sold.

Warren Buffet said, "Be afraid when others are greedy , and be greedy when others are afraid."

Arif Efendihttps://acikerisim.uludag.edu.tr/items/b72c93f7-7e5d-448f-82b9-0384bf963bde The majority of people working in the cryptocurrency market are scared. Bear markets are the most profitable time to invest in cryptocurrency. The price of cryptocurrency is falling. When Harry, Dick, or Tom are panic-selling.

If individuals become stressed and afraid, they may lose their investments. Make a list of the cryptocurrencies you would like to invest in , and watch for the red candles to start appearing.

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

There is a shift from traditional investing methods, where a broker is necessary, to more modern methods which allow you to purchase crypto from your home.

Which Cryptocurrency Do I Have to Buy?
If you go to Coinmarketcap.com, there are many cryptocurrencies available.

My top pick was Solana. POLIS followed by AVAX and ATLAS.

It's even easier to track your favorite coins and keep the eye on them. Tabtrader is an application that allows you to check every move and determine when it's time to make a profit or invest in more.

Arif Efendi If you've held onto your cryptocurrency for a while and you're able to use it and receive airdrops. You can also move the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

Keep a copy of your 12-word phrase just in case your host device is stolen or lost.

Conclusion
All of this information makes you your bank. You can make transactions at any time, anywhere around the globe, using all the information you have.