Steemit Crypto Academy | Trading and Holding - Two Sides of a Coin | Homework task for @alphafx

Hello All Steemians !!!

On this occasion, I will try to take a class at Steemit Crypto Academy. I am interested in joining this class because there are many new lessons that I will get here. I will do homework task from professor @alphafx. Lesson discussion about Trading and Holding - Two Sides of a Coin. Lets try...

Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in

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When I got to know cryptocurrency that can be used as an asset that can bring profit, I have been digging deeply about this crypto world. I currently own the EOS coin which is my main concern because it is my asset and investment. EOS has a relatively low price, so I am still willing to buy and invest in this coin. I have learned a little about the strategies used such as holding and trading coins at the right time. So the investment goes smoothly and gets a profit.

From my point of view EOS also has great potential for development over time. This is evidenced by the fact that EOS Initial Coin Offering (ICO) has a history of the most successful coins during the ICO period. There are also more EOS coin holders until now, this is due to the advantages of EOS which is free and fast in the transaction process. So it can attracts many new and old investors.

To carry out this investment in EOS coins, I also use a hot wallet as a storage like Bittrex. Hot wallets which are like many exchange platforms are my prefer in this regard. Exchange wallets that support holding and trading coins will make it easier for me to increase investment capital and also bring profits. The availability of coins in crypto wallets and markets helps to provide options at the right time to determine the best next step to take. Blockchain system that runs on the exchange wallet is also very helpful in the process of every transaction that occurs.

With screenshots, show how to perform spot trading on any pair of your choice

I will share the steps for trading EOS coins on Bittrex. This is a very easy way of trading at any time.

• Log In Bittrex Account.
  

• Search and write EOS coins on the market.
  

• Displaying Order Books that can help you in choosing the price and quantity to buy and sell.
  

• Displays a chart for 1 hour or more which helps you determine when you will trade coins.
  

• Choose BTC price on Order Books for ex: 20 EOS and buy.
  

• Choose BTC price on Order Books for ex: 20 EOS and sell.
  

I use EOS coin as an example because I own it as a cryptocurrency asset. However, there are many other good and potential coins. I use Bittrex as an exchange wallet because I am familiar with it. But there are many other easy and great exchange wallets. It is a small part of holding and trading in the crypto world.

Holding or trading, which do you prefer and why?

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Trading is my prefer for now. However, that may change in the future depending on the circumstances and cryptocurrency trends that will occur. Trading is my choice because it can bring profit to me in a short time. On a positive trend in the crypto market it will make all traders get a lot of profit or a little bit. All of this depends on reading and understanding the ups and downs of cryptocurrency prices.

Trading requires consideration and time before making this move. I can increase my previous capital and also get profit as long as the coins I trade will increase in price. Even though trading has a high risk compared to holding, every trader must have the right way and strategy to become a trader who has a lot of good and bad experiences. Coin chart reading, time patience, understanding of coins, and trading confidence are all I do to become a good trader.

Thank you for the time and opportunity to develop the knowledge I have. Hopefully it will be useful for all readers.

CC :
@alphafx
@steemcurator02