coingecko is a website oriented to the Crypto world, where you can find all the necessary information about all the cryptocurrencies in the blockchain ecosystem.
On this website you will be able to see graphs, statistics, prices and positioning in the ranking of any currency in the market.
This page provides us in real time what happens in the world of cryptocurrencies, it shows detailed information on each consulted currency, along with its website, creators and a brief review of the currency.
2- Explore CoinGecko and explain at least 5 unique features of the platform (take a screenshot of the page).
coingecko offers many good tools for traders, if we want to invest in a currency coingecko gives us true and accurate information about the currency we are investigating, shows a brief review, the value in real time, market capitalization, amount of circulating coins and quantity total of coins, and all this in a summary and pleasing to the eye.
- Among all its peculiarities, coingecko offers a premium registration in which we can access other activities such as news, courses and advice among other things.
It will keep us informed of how the coins we want are going and will monitor them for us.
It has a product section where we can buy a variety of books about the cryptomundo.
It has a section focused on beginner developers where it shows some source codes, it also includes widgets for PC and mobile.
In the portfolio section it does not help to create a portfolio, and the function is to carefully monitor the currencies that we have in monitoring giving us news and investment advice.
It has a very interesting section where you can watch podtcasts, blogs, news, and any relevant information related to cryptocurrencies.
Also in the same section it has a glossary of words and guides for the user.
3- Give a brief explanation of the Tradingview platform.
trading view is an extremely useful tool for all traders, both beginners and experts, this tool allows us to look at the charts of any cryptocurrency or derivative, cdf or any index that exists in the market.
In it we can find everything necessary to carry out a technical analysis, it has endless tools that we can add to our charts, even make our own bot or script if we know how to program.
We can also use a PREMIUM version that allows us to link our wallet and trade directly from the page, all in real time, it has a monitoring list and alarms that warn when there is a change in the price of any asset.
4- Explain the steps required to add indicators on the Tradingview chart.
You can add any indicator of your choice, except the moving average. (Screenshots required)
To add an indicator to tradingview we must follow the following steps.
- step 1
we click on this button.
- Step 2
we look for the incorporated button and click.
- Step 3
In the search box we type the indicator that we want to add to our chart.
in my case I chose to indicate RSI.
Then we click on RSI.
- Step 4
ready, we have added our RSI in the main chart.
5- Using relevant screenshots, illustrate how to modify the indicator you have added to your chart.
To modify the selected indicator we position the mouse over the indicator.
now we follow the following steps.
- step 1
We click on the gear, a new box will be displayed there, this box will show us several options.
- Step 2
we choose the option we want, in my case I chose the option style.
- step 3
in the style option we can modify the RSI percentage, the colors of the indicators and the thickness and type of line.
- Step 4
we click on add and voila, we have modified our RSI.
6- In your own words, explain the cryptocurrency watchlist and wallet.
The monitoring lists are used to have a daily look at a specific currency, through the monitoring list we can know the volume of the last 24 hours, the market capitalization, how many holders it has, and if it is up or down.
In this image we can see my watch list in trading view, it is the SHIB / USDT pair, here we find a lot of information, this is the graph, the price, the volume and the capitalization in the last 24 hours.
The cryptocurrency portfolio is the representation of our investment compressed into a wallet, it can already be a paper, software or hardware wallet, in it we keep our purchased coins hoping that they will generate a previously stipulated profit.
7- Explain the need for portfolio management.
Having a well-structured portfolio is extremely important to reducing our losses, so managing the portfolio in a balanced way is vital.
As investors we must make a fractional investment, that is: it is not advisable to invest all the money in a single cryptocurrency, cryptocurrencies are usually very volatile, this means that the price can change drastically from one second to another, so if we buy only one cryptocurrency is very dangerous.
It is advisable to buy several currencies to support each other, that is, if I buy one currency and the value goes down and I have losses, it is possible that the other currency goes up and makes a profit, this will make the gains of one currency cover the losses of the other currency, minimizing loss.
Now, if we buy all our capital in a single currency and it falls we will have irrecoverable losses, that is the benefit of a well-managed portfolio.
8- Select 5 crypto assets that you want to add to your watchlist and explain your reason for selecting each of them. (Show screenshot of your watchlist. It can be any platform).
- STEEM
I chose the steem because it is the native currency of the page and since our rewards are in steem I added it to the list, I follow up and it is possible to be aware of changing our steem to another fiat currency or trading with them.
- SPARTAN
Spartan is a DEFI and BSC-based protocol, although it has been through loss of capital issues and a recent hack, it seems to me that the project is promising and I will hold out when I have money.
- LTC
The LTC seems to me that it is a great project that is very easy to mine and has risen in price impressively, although now it remains close to $ 150, this coin reached $ 400, it seems to me that it is a good currency for to hold.
- MATIC
This currency aims to reduce commissions to a minimum by creating its own blockchain, within matic there are good projects that are worth following.
- SHIBA INU
This meme token has been on everyone's mind for months, although when it came out the first week it reached 4000%, people quickly forgot about this coin, its project promises, along with its governance tokens and its redemption, perhaps in the future we have a change in its price, it is a good currency to maintain since its price is extremely cheap.
Efficiently managing our cryptocurrency portfolio is extremely important, this will help us reduce losses and increase profits.
In this class we learned about the coingecko portal, which is an important tool for traders, in this portal we obtain information to carry out a good fundamental analysis and technical analysis, this will help us make better decisions.
We learned how to add an indicator to the tradingview page and we added the RSI indicator to confirm that if we acquired the appropriate knowledge, through real screen captures we indicated a series of steps to follow to change the parameters of the indicated one.
Finally, we chose a cryptocurrency portfolio and gave a brief explanation of why they were chosen.
hoping it will be to the teacher's liking and meet homework expectations for the required assignment.
Hello @g0h4mroot , I’m glad you participated in the 6th Week of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
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