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Arif Efendi is a seasoned businessman and investor who realized that cryptocurrency could be a legitimate investment option. In this article , he shares his experience and knowledge
Arif Elfendi explains the differences between stocks and crypto
It is essential to be able to differentiate between cryptocurrency and stock If you're like me who is an investor. While they have some similarities, they're not the exact same as stocks.
The term "cryptocurrency" refers to a form of digital currency or asset which can be recorded and verified via an independent system using cryptography . This is in place of the central authority. However the stocks, which are also referred to as equity, are securities that depict ownership of a particular part of a firm.
Arif Efendi If the value of an asset rises the crypto and stocks are purchased with the goal of capital appreciation.
Why Do People Purchase Stocks and Cryptocurrencies
Stocks are purchased by individuals for the purpose of voting on the company's decisions. https://telegra.ph/Rethinking-Hospitality-Navigating-the-Post-COVID-Era-with-Arif-Efendi-05-16-8 Investors also buy stocks for dividends that the company makes to shareholders.
It's easy to digitally invest in stocks with the latest generation platform as well as other mobile investment applications.
Although the process is similar but there are some important variations. You can trade crypto anytime of the day regardless of whether the Securities and Exchange Commission regulates the crypto stocks.
You can also trade crypto using cryptocurrency trading pairs, fiats, or crypto.
Trading Crypto Vs. Swing Trading
You may be wondering why trading crypto is more profitable despite volatility.
A large market cap can lead to a swing between 5% and 10% in cryptocurrency, while smaller ones could see gains of 10x in a single day.
This is actually a very unusual situation in the stock market.
In this case, for example If $1000 had been placed in Solana on January 1, 2021, for $1.837 the investment would be worth $182,000 at the time of writing. It is now $182.
If you've got a solid hand, crypto investment can be very rewarding. An uninitiated person might wonder where the money is coming from. It is not possible to regulate cryptocurrency via an authoritative central authority.
Arif Efendi Thus, their value comes from the cost of production, supply demand, adoption and the availability on exchanges and utilities.
Understanding the Supply of Cryptocurrency and Demand
From our economics textbook, we are able to recall that if the demand for an asset goes higher than supply, the cost of that asset will increase.
In the case of an earthquake, for instance when there is an earthquake in a location where water is needed, the cost will increase if the demand is static. This same economic principle applies to cryptocurrencies.
We are in the phase of mass adoption, and we are seeing institutional investors like MicroStrategy and a country like Ecuador investing heavily in cryptocurrency. It's an exciting moment to be alive.
Recognize the Risks of Volatility
The worth of crypto goes up and down as does the market for stocks. Many people want to make 100x profit by investing in crypto.
Although it is unlikely an investment will continue to earn a profit There are instances when it's worth your time to purchase an asset, and then either sell it or profits.
Warren Buffet once said, "Be afraid of being greedy, and be greedy if others are afraid."
Many people who work in the crypto space are worried. The bear market is the most profitable place to buy cryptocurrency. If the price of the cryptocurrency is going down. Panic-selling occurs when there is no Harry, Dick or Tom.
The most anxious people could lose their investments if they are nervous and worried. Keep a list of cryptos you would like to invest in and watch for the candles to show up.
A weekend is a great opportunity to purchase, since most institutional investors will close their positions for the week.
Traditional investment requires an intermediary. Today, buying cryptocurrency is possible from the convenience of your home.
Which Cryptocurrency should I invest in?
If you visit Coinmarketcap.com, there are a variety of cryptocurrencies to choose from.
My favorite has been Solana. It was followed by VAX, POLIS, and ATLAS.
It's even easier to track your most loved coins and keep an in mind their movements. With an application like Tabtrader You can monitor each swing and know when it is time to purchase more or make profits.
If you have your cryptocurrency for a prolonged period of time, you have the option to either collect airdrops or transfer them into wallets like Trustwallet. Imtoken or Myetherwallet. https://arif-efendigzyw676.bloggersdelight.dk/2024/05/17/arif-efendi-explains-cryptos-use-in-the-world-of-football/ Make sure you use secure passwords to safeguard the security of your crypto.
https://fyhn-singleton.thoughtlanes.net/arif-efendi-explains-cryptos-use-in-the-field-of-football-1715900969 Keep your 12-word phrase handy so that you can retrieve your valuables in the scenario of the host device being lost or taken.
Conclusion
All this information makes you your bank. You can transact anytime, anywhere in the world, with all you have.
