Crypto Academy Week 11 Homework Post For @alphafx [ Trading and Holding - Two Side of a Coin ]

Hello All......

Today I will try to do the homework given by professor @alphafx, which is about Trading and Holding. This class is very interesting to discuss, let me discuss some of the questions our professor gave us.

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

My first introduction to cryptocurrency was when I got to know this steemit. More precisely about 4 years ago. As we all know by writing and creating on Steemit, we will get coin prizes on this platform as a reward, namely SBD and Steem coins. So you could say this is one of the cryptocurrency assets that I have up to now.

So it can be said that steemit players certainly have cryptocurrency assets, this is the start for them if they know cryptocurrency from steemit, if they want to multiply their assets by trading they already have initial assets or initial capital to do so in the hope of getting bigger profits.

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As for the type of wallet that I like is Binance, why do I like Binance because Binance already supports one of the coins on Steemit, namely Steem, even though it doesn't support sbd coin exchange, so if we want to exchange our Sbd coins then we can convert them first into coins steem. Another advantage of Binance is that the transaction is fast and cheap, which is only charged 0.1%, which is said to be very cheap.

With Screenshoot, show how to perform spot trading on any pair of your choise.

I will now demonstrate how to trade spot on binance with a screenshot of my account

first go to binance account then select market as shown below

After selecting a market then looking for the coins you want to buy / sell (such as Steem)

after entering the steem market, then you select buy / sell as shown below

if you choose to buy steem, fill in the limit price in the first column, and the amount of steem in the second column, after that the estimated cost in the last column will come out. if it is suitable press the column (buy steem)

if you choose to sell steem, fill in the limit price in the first column, and the amount of steem in the second column, after that the estimated cost in the last column will come out. if it is suitable press the column (sell steem)

Holding or trading, which do you prefer and why?

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If asked to choose between trading and holding, then I prefer holding, it can be said that trading and holding have their respective advantages and risks of loss. As we all know trading is usually carried out in a short period of time, this requires special skills as we have learned together in the professor @stream4u class last week about price forecasting. that is, we need to learn some price prediction methods such as technical analysis. In this analysis we must be able to learn about these coins, one of which is the graph of a coin. In my opinion, this is quite risky for beginners if they take a wrong step without the basis of some proper considerations.

There are several reasons why I choose holding over trading, namely:

1. Holding does not require a lot of expertise compared to trading, because we only need to choose which coins are suitable for investment and we only need to wait for the profit in the future.

2. The risk of holding is smaller than trading. Every investment has a risk of loss, so in my opinion, the risk of holding is smaller if we choose the right coins to invest in, although it can be said that if we trade properly and carefully we will get big profits quickly.

3. Holding does not take a lot of time, if we are holding we only need to wait for the profits from the coins invested, so we can focus on other activities, while trading we have to analyze the increase in the price chart of each coin that we will trade for profit

As another example of why I like holding is, in 2018 it can be said that the SBD coin has touched a price of around 1 USD, if we do the holding of the coin, we will get many times the profit until now, with an SBD price of around 8 USD now.

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That's all my homework, hopefully it can be useful. Thanks....

Cc: @alphafx
Cc: @steemcurator02