6 .How To Invest in Cryptocurrencies - A beginners Guide | Steemit Crypto Academy | Lesson 6

in hive-108451 •  4 years ago  (edited)

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Dear Friends,

Last week we discussed about hardware's used for crypto currency mining and also in our homework task , we discussed about cloud mining. There were more than hundred homework task submissions. I'm really glad to see the great interest of members for my course and hope it was helpful to you. Following are the topics we discussed up to today in past 5 weeks. If you missed them please go through them and try the homework tasks by yourself. If you are a beginner it will help you to gain the fundamental knowledge of crypto currencies , trading , mining etc.

Trading Lessons for beginners

Lesson 1 - Introduction to cryptocurrency trading
Lesson 2 - How to setup a trading account in a Cryptocurrency Exchange
Lesson 3 - How to spot trade ? Everything a beginner need to know

Introduction to Crypto Currency Mining

Lesson 4 - Introduction to Cryptocurrency Mining
Lesson 5 - b Introduction to Cryptocurrency Mining - Part 2


Today I'm discussing a new topic. Now if you followed these courses up to today , now you should have a good knowledge about blockchain industry and how market behaves. I know most of you love to do an investment in crypto currencies. But when deciding which currency you should invest ? , you have to consider lot of factors. So today I'm going to discuss the fundamental things we should consider before investing in a particular crypto currency.

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Want to invest ? Where to invest ?


This is the question every investor need the answer. Which crypto currency should I buy , when should I buy it and when should I sell it. These are the basic three questions which you need to find answers to gain a profit through a investment in a blockchain based project. It's a really hard decision to make. But through a proper research on a particular project , we are able to predict the future of that project up to some extent. There are lot of factors we need to consider such as project concept , use case of the product or service , competitors , target market , trading volume and exchanges , team members , project partners etc . As you can see there are lot of factors that need to be considered. This decision will decide the profit or loss you will gain. So it's very significant to learn how to select the crypto currency which you should invest.

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Every investor is looking for great profits. So pro crypto investors always conduct a fundamental research before investing in a particular coin. So let's consider how to conduct a fundamental analysis on a crypto currency. The objective of this analysis is to discover the potential of the project in future. Fundamental analysis basically consider the factors I have shown in the above diagram. There are lot of scam ico's ( Initial Coin Offerings ) and unstable projects in the market. So through a proper fundamental analysis we can detect those projects easily and avoid investing in them. White Paper of a particular project is the best document to take the idea of blockchain project. It's the business plan or the concept of the project. All the details including the purpose of the project , the road map , the team , partnerships , business plans etc. are included in the whitepaper. So as the first step you should go through the whitepaper of the project and get a general idea of the project. Following are some of the whitepapers of leading crypto currencies. Generally official website of the project provides whitepaper for public view.

Steem-whitepaper
Tron-whitepaper
ETH-whitepaper

You can very easily find the white paper of a any project on internet. You must always have a proper idea about a particular blockchain project before investing your money in it. I'm sharing some videos I found on youtube which explains how to do a fundamental analysis. Different investors follow different techniques for this.. it's always important to learn every technique. Knowledge is money !


source : https://www.youtube.com

Please go through these two videos which will help you to get a full idea about how to conduct a fundamental analysis on a particular crypto currency.

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Just 4 Steps


Project Vision : What is the project vision ? Do the project concept find the solutions for the actual problem?. Will it be a successful solution for the problem ?. You will find the answers for these questions in the project white paper.

Product : When you can keep your trust on their vision , then you need to look at the product of the project. Does this product actually works ? How it will be a solutions for the problem ? Is it sustainable ? To find answers for these question you need to get a overall idea about the problem , current situation , current solutions etc.

Team : Do the team have the ability to develop this concept ? Their experiences in this industry ? Their educational and technical backgrounds ? You can easily find these information on their website. But always check on LinkedIn and other social medias. Some scam ICO's create fake profiles for team members.

Market : If you agree with all three factors above , then check the status of the market. Check how this currency will behave in the market compared to other competitors.

So these are the basic things you need to check. This is called a fundamental analysis of a crypto currency. There are lot other factors .. but at least you should check these before investing in a particular project. It will save your money and avoid you from investing in scam projects.

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Homework Task 6


You need to do your own fundamental analysis and select the a crypto currency to invest in 2021. ( coinmarketcap.com : Token Rank Should be between 100 - 400 range | ( Excluding Steemit) )

Prepare a article explaining the factors you considered for your selection considering followings

1. Read the project whitepaper and explain the project concept
2. Discuss the social reach , project purpose , team , response from the market for the particular project.

Discuss the factors supporting your decision and explain why the particular project will be a good investment.


Guidelines


• Your homework post should be posted in crypto-academy community.
• Your article should be at least 300 words.
• You have to create a simple guide in a way a newbie can understand and follow the steps.
• No plagiarism please . You can use images taken from copyright-free sources mentioning the source.
• The final submission date will be 21/03/2021
• Add tag @besticofinder in your post, it will help me to find your submission. Use #cryptoacademy and #besticofinder-week6 , so that Steemit Team can find you.

Thank you.
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Cc:-
@steemitblog
@steemcurator01
@steemcurator02

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#cryptoacademy #trading #begginers #introduction #besticofinder-week6 #investing

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Hi professor, I hope you are well. When you can, please visit my homework from week 5.📚

https://steemit.com/hive-108451/@marlut/esp-eng-steemit-crypto-academy-introduccion-a-la-mineria-de-criptomonedas-parte-2-or-leccion-5-or-besticofinder-steemit-crypto

Happy day🙋‍♀️🍃

Weldone @besticofinder, it's a great lecture especially for any thinking what cryptocurrency he should invest. Everyone needs such a lecture. You are doing a good job.

Hi professor you've done well to share such an intriguing lesson. Newbies in the crypo-ecosystem fall into the dilemma of not knowing what asset to invest in. The videos are really eye opener on what to pay attention to before making an investment.

Also,
I'll like to point out that my hometask for week-5 wasn't reviewed: https://steemit.com/hive-108451/@okunlolayk/crypto-academy-week-5-homework-post-for-besticofinder-or-introduction-to-cryptocurrency-mining-cloud-mining

can i translate this post into Urdu for Indian Pakistani and Afghani people it will be readily easy for them

Done

Buenos días profesor @besticofinder disculpe, es para recordarle que no ha corregido mi tarea, aquí le adjunto el link muchísimas gracias!!

Introducción a la minería de criptomomedas - Parte 2 | Steemit Crypto Academy | Lección 5 MINERÍA EN LA NUBE: @besticofinder

hello teacher this is my homework 5 I have days to leave it to you .. when I can look at it please https://steemit.com/hive-108451/@lucascenteno/crypto-academy-week-5-homework-post-for-besticofinder-esp-eng

Hi teacher. My homework was not checked in the 5th week. Do you have a chance to browse. Please warn me if I'm wrong.
https://steemit.com/hive-108451/@habercitr/bulut-madenciligi-or-crypto-academy-5-hafta-oedev-goenderisi

Hello Professor ! @besticofinder !

Here is my Homework for This Week

I Really Enjoyed Learning Over Crypto Investments Over Market especially MarketCap , Market Supply and Much more made me more interested over Crypto ! All Thanks To you

Good day Professor @besticofinder, I really enjoyed your lecture and have done my week 6 homework, please find time to go through it. link below:

https://steemit.com/hive-108451/@hadassah26/crypto-academy-week-6-homework-post-for-besticofinder-by-hadassah26-on-how-to-invest-in-cryptocurrencies-a-beginners-guide

Thanks.

Hello professor @besticofinder, I know is really alot of work for you, and it's not easy, I appreciate your work.
Please Sir, create chance for reviewing posts, my first activity here which is for week 5 has not been reviewed by you, please check the past week post, so I can make another.

https://steemit.com/hive-108451/@prudent2/my-homework-on-introduction-to-cryptocurrency-mining-part-2-or-for-professor-besticofinder-or-steemit-crypto-academy-or-lesson-5

Hola Profesor buenas tardes.! Agradecida por toda la información, ya estoy realizando la tarea 6. Profesor le envío de nuevo mi tarea 5 que aun no ha sido revisada en lo que pueda. Muchas Gracias y feliz Tarde.
https://steemit.com/hive-108451/@maoly94/cripto-academy-week-5-homework-post-for-besticofinder

Hi sir, my home work task5 is not verified yet.

Respected Sir, my homework post week 5 is still not reviewed. Please can you review it. Thanks

https://steemit.com/hive-108451/@babawattoo/crypto-academy-week-5-homework-post-for-besticofinder-cloud-mining

Good morning Prof. @Besticofinder, I know you are doing a good job.
My post was not reviewed, hence no curarion. It abit discouraging. Thanks

https://steemit.com/hive-108451/@bleesyn/crypto-academy-week-5-introduction-to-cryptocurrency-mining-2-submitted-to-besticofinder

Please what can be done about this?

Sir here is my week 5 homework which I posted a week below but I think you've missed it kindly review it as I have posted it again.

https://steemit.com/hive-108451/@bassamjamal/2hky5w-steemit-crypto-academy-week-5-cloud-mining-or-homework-task-for-besticofinder

Reviewed !

Reviewed !

Hola profe @besticofinder espero se encuentre bien, ya estoy investigando para mi tarea número 6, le adjunto de nuevo el link de mi tarea número 5 que aún no ha sido corregida. Muchísimas gracias!!

Introducción a la minería de criptomomedas - Parte 2 | Steemit Crypto Academy | Lección 5 MINERÍA EN LA NUBE: @besticofinder

Reviewed !

Good day professor @besticofinder. Please kindly review my assignment for this week.
The previous assignment wasn't curated.

https://steemit.com/hive-108451/@reminiscence01/homework-task-week6-for-professor-besticofinder-or-how-to-invest-in-cryptocurrency-or

Saludos estimado profesor @besticofinder bendiciones lo felicito por excelente enseñanza disculpe la molestia causada pero si por favor puede corregir mi tareas 5
https://steemit.com/hive-108451/@florni/tarea-leccion-5-para-besticofinder-de-la-criptoacademia-que-es-la-mineria-en-las-nuves

Reviewed

Gracias profesor bendiciones para usted ♥️

Saludos estimado profesor @besticofinder aqui le envio mi tarea 5 para que por favor la revise y disculpe la molestia bendiciones para usted.

https://steemit.com/hive-108451/@walter2021/tarea-leccion-5-para-besticofinder-de-la-criptoacademia-que-es-la-mineria-en-las-nubes-walter2021

Reviewed !

Reviewed !

Si profe diculpe . gracias por su tiempo

Respected Sir, steemcurator02 is taking about 3-4 days to curate after review. Please review my post. Post age is almost 4 days.

https://steemit.com/hive-108451/@babawattoo/crypto-academy-week-5-homework-post-for-besticofinder-cloud-mining

Thanks for the wonderful lecture dear professor @besticofinder. I've attended to the task 6 and the link to it follows;

https://steemit.com/hive-108451/@fredquantum/steemit-crypto-academy-week-6-task-how-to-invest-in-cryptocurrencies-a-beginners-guide-or-lecture-by-besticofinder

I hope to have your review on it. Thank you, sir.

Respected Sir, steemcurator02 is taking about 3-4 days to curate after review. Please review my post. Post age is almost 4 days. Thanks

https://steemit.com/hive-108451/@babawattoo/crypto-academy-week-5-homework-post-for-besticofinder-cloud-mining

My honorable Prof. @besticofinder, I bring you greetings , please I write for an update on my week-5 post that has stayed for 4days now and is still awaiting your approval, as nothing has been done on it thanks.
https://steemit.com/hive-108451/@davchi/introduction-to-cryptocurrency-mining-part-2-or-steemit-crypto-academy-or-lesson-5-or-homework-done-by-davchi

Please kindly review my homework 6 post @besticofinder Thank you for all you do.

Good day Professor @besticofinder. Sir I submitted my week 5 homework 4 days ago and it has not been reviewed by you. Please I would like a review , so as to enable me do my week 6 Task . Here's the link

https://steemit.com/hive-108451/@cathy14/steemit-crypto-homework-task-4-cryptocurrency-mining-how-crypto-mining-works-or-or-lesson-by-besticofinder

Hello professor @besticofinder, here is the link to my Home work. Please do evaluate as I put in a lot of effort.
https://steemit.com/hive-108451/@mohsinn/crypto-academy-week-6-homework-post-for-besticofinder

@besticofinder please evaluate my work.

Hi professor @besticofinder , my homework for week 5, not checked, is this: https://steemit.com/hive-108451/@tanhunter254/besticofinder-task-5-introduction-to-cryptocurrency-mining-part-2-by-tanhunter254

I am already working on my task #6, I will post it soon. Regards.

Hi teacher, hope everything is fine. I noticed that you didn't check my task 5. I will leave the link here so you can go and grade it. Thanks in advance.

https://steemit.com/hive-108451/@peperonata45/5-introduction-to-cryptocurrency-mining-part-2-or-tarea

Hola profesor esta es mi tarea de la semana #6: https://steemit.com/hive-108451/@tanhunter254/besticofinder-task-6-how-to-invest-in-cryptocurrencies-a-beginners-guide-or-steemit-crypto-academy-or-lesson-6-por-tanhunter254

Saludos y buenos deseos.

🌟🌟🌟 - 🌟🌟 - 🌟

Compartido en twitter: tweet-link

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I guess my homework for week 5 was a total waste of time, because it was not reviewed till today which is the 6th day. No need to continue
See the link 👇

https://steemit.com/hive-108451/@preye2/my-homework-on-introduction-to-cryptocurrency-mining-part-2-or-for-professor-besticofinder-or-steemit-crypto-academy-or-lesson-5

It can't be voted now.. it's out of the voting period. I'm sorry

I have reviewed it .. But I'm sorry that you have missed the vote.

Sir Kindly review my homework week 5 post. It was 5 days old. Please evaluate it so that I'm not miss my reward.
https://steemit.com/hive-108451/@ahmedfaheem/homework-task-week-5-for-professor-besticofinder-or-cryptocurrency-mining-part-2

Greetings Professor, @besticofinder

I have a doubt I did my assignment number 3 and 4 of your lecture it was reviewed but not cured what should I do in this case to post it again? I have this doubt.

What should I do?

task4
https://steemit.com/hive-108451/@laser145/introduction-to-cryptocurrency-mining-besticofinder-or-steemit-crypto-academy-or-lesson-4-by-laser145

task3
https://steemit.com/hive-108451/@laser145/crypto-academy-week-3-homework-post-for-besticofinder-explain-spot-trading-and-margin-trading-and-discuss-the-advantages-and

I'm really sorry for this .. I do not have control over the votes. There we no issue in the posts .. But please do write for this week homework. You will get a reward.
Thank you

oh, I'm doing task number 6 this week when I finish it I'll send it to you in Notes this topic.

Thank you very much for taking these details into account.

  ·  4 years ago (edited)
Very interesting topic this week, here is my entry I hope you like it professor, many greetings and thanks for your effort.

https://steemit.com/hive-108451/@imagen/crypto-academy-week-6-homework-post-for-besticofinder

Besticofinder.png

Good day professor @besticofinder, please my week 6 task I submitted for some days now have not been review. Kindly look into it sooner.

This is the link to the task;
https://steemit.com/hive-108451/@temitopef/homework-task-6-how-to-invest-in-cryptocurrencies-a-beginners-guide-or-lesson-by-besticofinder

Thank you

When I was studying my MB, I studied these two subjects very well, Fundamental Analysis and Technical Analysis. However, at that time I only got a theoretical idea about fundamental analysis, but through your post today, I could easily understand some of the most important aspects of fundamental analysis. I hope to discuss my homework topic in this post soon. Thanks

Hello! Great this task I learned a lot and it was because I looked for many cryptocurrencies for the task. here is my homework, I hope to receive advice from you

https://steemit.com/hive-108451/@juanjo09/electroneum-etn-mi-analisis-fundamente-homework-week6-besticofinder

Greetings professor @besticofinder, here I leave my homework hoping that this time I will give you time to review it, thank you very much in advance https://steemit.com/hive-108451/@adriancabrera/steemit-crypto-academy-besticofinder-week-6

Buenas Noche Profe @besticofinder aqui le dejo mi entrada a ma Tarea 6 Esperando contar son su Revisión y comentario para mejorar.
6 .How To Invest in Cryptocurrencies Steemit Crypto Academy para @besticofinder Spanish+English

GREETINGS Waiting for your review 5 days after publication, Profe @besticofinder here I leave my entry to my Task 6 Waiting to tell are your Review and comment to improve.
6.How to invest in cryptocurrencies Steemit Crypto Academy for @besticofinder Spanish + English

Dear professor @besticofinder. My week 6 task I submitted since almost 4 days now has not been reviewed by you. Please sir. Help me review it on time, so that I will get curated. Thanks

This is the link to the task;
https://steemit.com/hive-108451/@temitopef/homework-task-6-how-to-invest-in-cryptocurrencies-a-beginners-guide-or-lesson-by-besticofinder

  ·  4 years ago (edited)

Hello sir I hope you will be fine and good and thanks for your lectures.


Here is my homework Of week 6. https://steemit.com/hive-108451/@mohammadfaisal/steemit-crypto-academy-week-6-homework-for-besticofinder-telos-project-whitepaper-market-and-roadmap


Please check it when you are available.
Thanks!

sir please chack my homework for week 5 her is the link its been 6 days now

https://steemit.com/hive-108451/@kelia/crypto-academy-week-5-homework-task-for-besticofinder-by-kelia

Thanky u for this 🙏