Arif Efendi was a businessman and investor who recognized that cryptocurrencies could be a viable investment asset. In this piece the author shares his experience and thoughts.

Arif Efendi explains the reason Crypto is distinct from stocks.

Knowing the difference between stocks and cryptocurrency is crucial if you are an investor like me. http://www.unwomenuk.org/product/marina-perez-simao-arifefendi Cryptocurrencies and stocks share some similarities though they are not identical.

Cryptocurrency is a digital currency that records transactions through a decentralized system using cryptography instead of a central authority. Stocks, also called equity or securities, represent ownership of a certain part of a company.

With capital appreciation in mind, when buying crypto or stocks, especially when prices rise, people tend to buy them both.

Why do people buy shares and cryptocurrencies?

Individuals buy stocks to vote in the company’s decisions. Investors also buy shares to earn the dividend payments that the company gives to shareholders.

It’s quite simple to invest your money digitally in stocks and crypto currently with the next-generation marketplace and numerous mobile investment apps.

Although the process is similar, there are some significant distinctions. It is possible to trade cryptocurrency anytime of the day regardless of whether you are regulated by the Securities and Exchange Commission regulates the crypto stocks.

Arif Efendi You can also trade cryptocurrency using other crypto trading pairs as well as fiats.

Trading Crypto Vs. Swing Trading

You might be wondering why it’s more profitable to trade crypto regardless of the volatility.

Arif Efendi Large market cap cryptos may vary between 5% and 10%. Smaller cryptocurrencies, however, can increase 10 times daily.

This is a scarce stock.

For example, if you had invested $1000 in Solana’s Solana stock on January 1, 2021, at $1.837, your investment today would be valued at $182,000 based on the current trading prices of $182.

Crypto investment can be that rewarding , if you’re not weak. A novice may wonder where the money came from. There isn’t a central authority that regulates cryptocurrency.

The cost of production, supply, and demand are the key factors that determine their value.

Understanding Demand and Supply in Cryptocurrency

The textbook in our economics class teaches us that if the demand for an asset grows faster than supply, then the asset’s price will also go up.

In the event of an earthquake occurring in the area that is affected by water, the price of water will increase if there is a demand for it is not. The same principle of economics applies to cryptocurrency.

We are now in the phase of mass adoption, and we’re seeing institutions investors like MicroStrategy as well as a country such as Ecuador betting hugely on cryptocurrency. Arif Efendi It’s a wonderful moment to be alive!

It’s crucial to be aware of the Risks of Volatility

The worth of cryptocurrency goes up and down just like the stock market. Many people want to be adept with crypto and make a hundred times profit.

It is difficult to know whether an asset will continue being profitable. However, it’s essential to be aware of when you should buy and sell an asset.

Warren Buffet says, “Be fearful if others become greedy. Be greedy when others are scared.”

Many people in the cryptocurrency space are fearful. Bear markets are the best spot to buy cryptocurrency. Arif Efendi When the asset is going down. When Harry, Dick and Tom panic-sell.

If people feel anxious or scared, they might lose their holdings. Make a list of the cryptocurrencies you’d like to invest in and look for the candles to show up.

An ideal investment time is during the weekend, because the majority of institutional investors have closed their trades.

There is a shift from traditional investing methods, where a broker is necessary, to more modern methods that allow you to buy crypto at home.

What Cryptocurrency should I purchase?

Check coinmarketcap.com to see the various cryptocurrencies you can choose from.

My favorite has always been Solana (SOL) which is followed by AVAX, POLIS and ATLAS.

It’s even simpler to track and monitor your preferred currencies. Tabtrader is an application that allows you to check every swing and see when it’s time to make a 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 it into wallets such as Trustwallet, Imtoken, or Myetherwallet. Secure passwords are used to secure their users.

It is also important to save your 12-word password in order to recover your asset in case your host device gets missing or is stolen.

Conclusion

This means that your bank is your bank. You can transact anywhere on the planet at any time.