Steemit Crypto Academy Season 2 Week 3: Trading and Holding by @alphafx

Hello Professor @alphafx

A Big Thank you For another great lecture delivered. So this is my homework task

So Lets Begain:

Question 1

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

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My answer to this question will be yes currently This Time, I am holding only two coins in my software (exchange) wallet. That coin is steam and USDT. This is the only reason for which I keep USDT because it is important to have a liquid fund. I would like to invest in Steem and why its value was $ 1.4 just a few days ago . I used to not hold anything before ,As soon as the coin increases and I go into profit, I would sell it and when a value of the coin falls, I buy it.Then I thought about holding the coin. I told you that I started holding two coins.

• Software wallets also known as hot wallets , I use software wallet
• Hot wallet easy use to and secure. Just all we need a normal user account and good to use
• HOTWALLETS are easy ro access and use. Just have a device that needs internet, and there is not much demand for it

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Binance Exchange wallet

Binance wallet have to get more profit to my crypto experiences, because the binance is more than easy other exchange for trading and HODL, and it is more conveniant to use, but as a begianner or advance user. Binance exchange wallet is used for long-term hodl, & margin ,future ,spot traders. binance have more function P2P . You can trade anytime & also any where

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Question 2

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

Spot Trading I am using BINANCE. I will tell you in step by step manner, how to spot trade ,

Spot Trading Performing :

This is how to preform spot trading on the Binance Exchange wallet. Am go to use the pair of Steem/ETH in discussing about how you can preform spot trading of Binance Exchange

Binamce official website :

https://www.binance.com/en

• Go to Binance offical website otherwise You can downlode/install from play store / App store . I have also downloded.

• If you have downloaded the Binance for the first time, then you will have to register first. Enter Your Email & Password and register than login.

• If you have logged sussesfully than Select Your Cryptocurrency What You want to deposit in it .

• I want to deposit steem here ,so I have selected steem address or steem memo .

If you want to deposit other coin then you selected coin memo or address .

• Copy memo & address otherwise you can scan also bar code.

Now ,how to transfer Steem in Exchange

• Go to your Steem Wallet & Click to transfer

• Click to Ok ,then You must have your Active Key / master key to transfer Exchange .

• Now Your Fund are transferred .
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• Go to Your exchange wallet ,I have used here poloniex exchange . You can see steem in my poloniex exchange .

Transfer Poloniex to Binance Exchange :

• Select Withdraw section then click on steem .

• Fill the Steem as you want withdraw & also fill memo or address .

• Review Withdraw ,Click on Continue otherwise If you want edit then select Edit.

• Last step ,If you select continue ,then you get confirmation on Gmail then confirm here .

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• Open Your Binance Exchange ,Your Steem are deposited here .

• Click on steem logo and You got to two Crypto pairs available :

1- STEEM/BTC
2 - STEEM / ETH

• Select Pair you want to trade , I am selecting here now Steem/ Eth pair .

• Sell Steem ,you Get ETH

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Question 3

Holding or trading, which do you prefer and why?

Trading

You are in trading Like if you are good enough in technical and basic analysis. Then it's a strong decision to do trading and get maximum profit on that. If you are not active then don't prefer trading because in trading you will have to be very active, and look for the fluctuations in prizes constantly. so I recommned to get hodl .

HODL

When you invest in HODL you get profit by long term investment and you do not have to worry about the time to time fluctuations and selling or buying of your coins. You will have to wait for the target and in this way you get ride of all the time consuming and all the concentrations you need. You can get enough profit in HODL when you buy a penny crypto currency and and you hold it for long time and its prize increases in future and you get a really good profit by investing very less on penny crypto.

when you hold some crypto currency in your wallets until and unless your target reached or if you have set a goal for yourself, you hold your crypto until than. It is a long term investments are are known as the most profitable strategies in which a user always gets a very handsome profit.

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Cc :
@alphafx

THank You ,