Arif Efendi, Businessman, shares his insights on Crypto Investment

Arif Efendi, a successful entrepreneur and investor realized that cryptocurrencies could be an investment tool. In this article Efendi shares his experiences and thoughts.

Arif Efendi discusses why Crypto is different from stocks.
If you're an investor it is important to understand the distinction between stocks and cryptocurrency. While they have some similarities, they're not exactly the same as stocks.

Cryptocurrency is a type of digital asset or currency whose transactions are recorded and verified by an uncentralized system via cryptography instead of a centralized authority. In contrast, stocks, also called equity, are securities that depict the ownership of a portion of a business.

Capital appreciation is the primary reason for people to invest in crypto and stocks. This is especially the case when the assets they hold rise in price.

Why Do People Buy Stocks and Cryptocurrencies
Stocks can also be purchased to influence company decisions and to vote. Investors also buy shares to earn dividends, which the company pays to shareholders.

It's easy to invest in stocks and crypto digitally right now using the market of the future and other mobile apps for investing.

While the process is similar but there are some important variations. Cryptocurrency trading can be done anytime of the day regardless of whether the Securities and Exchange Commission regulates the stocks.

It is also possible to trade with crypto trading pairs or fiats.

https://techbullion.com/crypto-enthusiast-arif-efendi-on-the-football-fans-tokens/ Trading Crypto is different from.  Arif Efendi Swing Trading
You might be wondering why trading in crypto is so profitable in spite of its volatility.

The largest market cap cryptocurrency may vary between 5 and 10%. Smaller cryptocurrency, however, may gain 10x per day.

The truth is that this is extremely rare in stock.

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

https://www.deadlinenews.co.uk/2024/01/17/arif-efendi-explores-the-intersection-of-crypto-and-football/ If you're not weak, crypto investment can be extremely lucrative. Uninitiated investors might be interested in knowing where the money is coming.  Arif Efendi It is not possible to regulate cryptocurrency via a central agency.

Thus, their value comes from the price of production, supply demand, adoption, and availability on exchanges and utilities.

Understanding Demand and Supply in Cryptocurrency
We can remember from economics books that if there is more demand than supply of an asset, its value will rise.

For instance, a natural disaster can trigger the price of water to increase in specific areas. The same principle of economics applies to cryptocurrencies.

We are now at the point of mass adoption. Investors from institutions like MicroStrategy are investing heavily in cryptocurrency. It's a wonderful time to be alive.

It's crucial to be aware of the Risks of Volatility
The cost of cryptocurrency fluctuates in the same way as the market for stocks.  Arif Efendi Many people are eager to invest in crypto to achieve 100x returns.

While there isn't any absolute guarantee that an asset will continue to be profitable It is vital to know when you should buy an asset and when to sell it or profit.

Warren Buffet says, "Be be cautious if you see others becoming greedy. Be greedy if other people are afraid."

Cryptocurrency enthusiasts are usually scared. The bear market is the most profitable time to invest in cryptocurrency. If the price of the cryptocurrency is going down. Panic-selling happens when there's no Harry, Dick or Tom.

Fearful people can lose their investment if worried and anxious. Make a list of the cryptocurrencies that are the most appealing to you and wait for the red candle to start to burn.

A great time to invest is the weekend, as the majority of institutional investors have closed their trades.

Today, there is significant change in the way we make investments. Instead of requiring a broker, you can now buy crypto directly in your home.

Arif Efendi Which Cryptocurrency Do I need to Buy?
There are a lot of options available when you check coinsmarketcap.com.

My first choice was Solana. POLIS followed by AVAX and ATLAS.

It's even easier to track your favourite coins and keep an in mind their movements. Tabtrader allows you to monitor each step so that you are able to determine when you should take a profits or invest in more.

If you've been storing your cryptocurrency for some time, you may be able to use it and receive airdrops.  Arif Efendi It is also possible to transfer the coins into wallets like Trustwallet or Imtoken and then create passwords that are secure to ensure their security.

You should also keep your 12-word word phrase in the event that your host device is lost or stolen.

Conclusion
All this information makes you your bank and allow you to transact anywhere and at any time you wish.