Steemit Crypto Academy | Week3 : Designing a Cryptocurrency Investment portfolio.

in hive-108451 •  4 years ago  (edited)

Steemit Crypto Academy | Week3 : Designing a Cryptocurrency Investment portfolio| By: @g0h4mroot, for the teacher @yohan2on.

I chose these currencies because they are one of the best known, the TLM I earned by farming, the BNB is the currency of the EXCHANGE, the BTC for being the first cryptocurrency, the USDT and the BUSD, to have a backing in FIAT if the value it falls suddenly, and the DOGE because it is cheap, the logo is funny and the BTT gave it to me. In case I focused on BNB, BTC, LTC and USDT, because they seemed to me that they were relatively volatile at the time of my study although their price was not very high, they had a change of up to 10% in a few hours and it seemed appropriate since my goal was to earn money in 2 days.

https___www.unilad.co.uk_wp-content_uploads_2021_02_elon_musk_dogecoin_1.webp

LOGO ELON


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I did it this way.

He had 7 coins on Tuesday April 27, 2021, at 12:53 pm.
In my portfolio I had 7 currencies as I was monitoring, due to the fall of bitcoin, what I did was change all my currencies to BNB, because I noticed that it had an upward trend so I changed all my small balances to BNB I collected a total of 117 , $ 54, and then exchange them for LTC, because I realized that the BNB / BTC exchange was very low, so when I did the BNB / LTC EXCHANGE, I got 0.45 LTC, which equals $ 117.26, in At that time the change was at $ 247 LTC ​​/ BNB, after a few minutes it suddenly increased by $ 255 to $ 261, at that moment I made a profit of about $ 6, from there I changed BTC, and then I bought BNB again, I kept buying BTC / BNB and as I saw a loss result, I waited a day with the BNB and then the BNB rose in PRICE from $ 587 to $ 602 at that time I decided to buy USDT, and I obtained a total profit of $ 126.53 for On April 30, 2021, if you had a little more patience, you would get a better profit because the BNB increased Then 10% would perhaps have about $ 133 or more.

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My portfolio for Tuesday had $ 117.54 distributed as follows:

$ 78.36 in BNB.
$ 39.08 in BTC.
$ 0.05 in BUSD.
$ 0.02 in USDT.
$ 0.01 in TLM.
$ 0.001 in DOGE.
Although you had 7 currencies, I only dedicated myself to using the ones that were on the rise, which were BNB, BTC and LTC.
also add transactions and purchases!

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MY RESULT:

for FRIDAY, APRIL 30, 2021.

Screenshot_20210501-114226.png

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CONCLUSION:

Trading requires a lot of patience and constant study, luckily I did not lose money, because I am starting in this wonderful world!

Note that in the different changes I made I lost in decimals in my summary but I gained in dollars, I imagine that this happened due to the change in price and currencies that I use, apart from this, binance charged me a commission of 0.12 per transaction, I imagine my earnings were higher!

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Cc:
@steemitblog
@yohan2on
@kouba01

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Hi @g0h4mroot

Thanks for participating in the Steemit Crypto Academy
Feedback

Reasons for your 6 selected CryptocurrenciesScreenshots/evidencePresentation of the results
1/32/31/4

The homework task required you to invest in 6 cryptocurrencies and not only 3. Kindly more effort into your work.

Homework task
4