Arif Efendi is a businessman and an investor who has a lot of experience, saw crypto currencies as a viable investment opportunity. Here are his observations and lessons.
Arif Efendi discusses the reason Crypto is different from the stock market.
Understanding the distinction between cryptocurrency and stock is vital if you're an investor, like me. Although there are some similarities between cryptocurrency and stocks but they're quite different.
Cryptocurrency refers to a digital currency which is backed in a decentralized way employing cryptography instead of an official central authority. Stocks, also known equity, are securities that represent ownership of a certain percentage of a corporation.
Capital appreciation is a key reason for people to invest in crypto and stocks. This is especially true when the assets they hold rise in price.
What makes people invest in cryptocurrency and stocks?
Stocks can also be purchased to influence decisions of the company and to vote. Stockholders are also able to invest in stocks to receive dividend payments from the company.
It's very easy now to invest digitally in stocks and crypto through the latest-generation marketplace.
It might appear to be similar, but there are significant differences. It is possible to trade cryptocurrency at any time you'd like, even though the Securities and Exchange Commission regulates stocks.
Trade crypto with fiats , or other trading pairs for crypto.
Trading Crypto Vs. Swing Trading
It is possible to ask what the reason it's more profitable to trade in crypto despite the volatility.
Large market cap cryptos can have a swing of between 5% to 10 percent. Smaller cryptocurrencies, however, can gain 10x per day.
This is the truth.
Arif Efendi If you invested $1000 in Solana at $1.837 on January 1, 2021 the investment would be worth $182,000 at the current trading price of $182.
If you have a strong grasp of crypto, it can yield a lot of rewards. The money may come from a stranger. The cryptocurrency market is not governed by any central authority.
Their value is determined by the cost of production, supply and demand, adoption, and the availability on exchanges for utilities and utilities.
Understanding the Supply of Cryptocurrency and Demand
The textbook in our economics class instructs us that if the demand for an asset rises more quickly than supply, the cost of the asset will go up.
In the event of an earthquake occurring in a place where water is available, the cost of the water will rise if the demand for it isn't. Arif Efendi The same economic principle applies to cryptocurrency.
We are now in the phase of mass adoption. Institutional investors like MicroStrategy are investing big in cryptocurrencies. This is an exciting moment to live!
http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi It's Important to Recognize the risks of volatility
The value of crypto fluctuates similarly as the stock market. Many people want to make 100x profit by investing in crypto.
Although there isn't a 100% assurance that an asset will always be profitable however, it is essential to know when you should buy an asset and sell or make profits.
In the words of Warren Buffet, "Be fearful when others are greedy and be greedy when other are fearful."
Arif Efendi Cryptocurrency enthusiasts are usually scared. The best time to invest in cryptocurrency is in the bear market. If the currency is in decline. When Harry, Dick and Tom panic-sell.
The people who are anxious and worried could end up losing their assets. Create a list to identify cryptocurrency you would like to invest and wait for red candles to appear.
Another great time to buy is during weekends, when most institutional investors are closing their trades for the week.
The traditional way of investing requires the services of a broker. Today, buying cryptocurrency is accessible from the comfort of your home.
Which Cryptocurrency Do I need to Purchase?
Visit coinmarketcap.com to see a list of cryptocurrencies you can choose from.
My favorite is Solana. This was followed by VAX, POLIS, and ATLAS.
It's now even simpler to track and monitor your preferred currencies. Arif Efendi Tabtrader allows you to monitor each step so that you are able to decide when to take profit or buy more.
If you've held your cryptocurrency for a period of time, you can either take the cryptocurrency and get airdrops or transfer them to wallets like Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure the security of your crypto.
Additionally, it is essential to save your 12-word phrase to be able to refer to it in the future in case your host device becomes lost or stolen.
Conclusion
All this information will make you your bank and allow you to conduct transactions wherever and anytime you want.