STEEMIT ACADEMY HOMEWORK☆TRADING AND HOLDING - TWO SIDES OF A COIN ¤BY @fluzzy

Wow!! A great start for the week, writting up my homework from @alphafx. Kudos to all cryptoprofessor for the lecture held so far.

SUMMARY ON WHAT I LEARNT IN THE WEEK LECTURE

** Holding is the act of keeping, safing and acquiring of crypto asset by means of buying, exchanging and mining of cryptocurrency.

** Trading is the act of exchanging of crypto asset or pair of crypto. To make gain when there is increase in price or growth of coin.

** Wallet involve when it comes to holding of crypto asset. We have two types of wallet; Cold wallet [ Paper wallet, Hardware wallet and Offline software wallet] and Hot wallet [ Exchange wallet, Web wallet and Mobile/Desktop wallet].
I personally hold my coin via Hot wallet...

The lecture was well detailed, and more easy to understand. I appreciate you @alphafx

HOMEWORK BY @fluzzy

1. DO YOU HOLD ANY COIN? TALK ABOUT THE WALLET TYPE YOU PREFER/WOULD PREFER HOLDING IN

Yes, I hold a long list of coins . For instance; ( BTC, ETH, TRX, USDT, XRP, BNB, DOGE, LTC and SAFEMOON e.t.c )

I make use of hot wallet when I'm holding a coin, i.e. Exchange wallet and Mobile /Desktop wallet.
Exchange wallet is a wallet that hold coins as a medium of exchange . The wallet is in charge of the private key and can be assessed anytime.
E.g Binance

Mobile/ Desktop Wallet is a wallet you downlaod on your device. Where you can send and receive cryptocurrency anytime. E.g Trust wallet

I prefer holding cryptocurrency in my Exchange wallet i.e. Binance

WITH SCREENSHOT, SHOW HOW TO PERFORM SPOT TRADING ON ANY PAIR OF YOUR CHOICE

Spot trading is the exchange of crypto asset you think will grow. Actually performed/ exchange in pairs and the pairs are against stable coin . For instance; ETH/BTC.

Steps in performing spot trading .

Open a pair of your choice that you want to trade.

Select the limit of your choice .

Input a require amount you want to trade and you click on buy to complete your trading.

HOLDING OR TRADING, WHICH DO YOU PREFER AND WHY?

Holding is the method of acquiring or keeping cryptocurrency by buying, exchanging and mining of cryptocurrency.

Trading is the method of exchange of pairs with other cryptocurrency asset. In order to make profit in price hike.

In crypto market, I personally prefer holding of cryptocurrency asset than trading.
Holding of cryptocurrency helps increase the growth of the coin and will yield a better price compare to when you just bought them .

Despite my take on holding than trading, trading is risky and also have advantages, it had more reward than holding cryptocurrency..

NOTE: Holder and trader all make profit in the cryptocurrency market. To me I am a holder....

@fluzzy
@alphafx
@steemcurator02