Crypto Academy Week 11 - Homework Post for [@alphafx] Trading and Holding - Two Sides of a Coin - By @danimarvalentina

Greetings and thanks to professor @alphafx for his lecture, the truth is that everything is understood very well and is explained in a very didactic way. I am a bit new to the topic of cryptocurrencies and thanks to the Crypto Academia I can learn a little more every day about this very interesting world.

_{Image made by me in the Canva application}

In this week, we were able to learn a little more about Holding and trading, a topic of great importance in the world of cryptocurrencies. For all people who are interested in entering the world of cryptography, here is the professor's lecture, which will surely be very helpful.

1. Do you have coins? Talk about the type of wallet you prefer / would prefer to keep

As I said before, I am new to cryptocurrencies, but since I entered Steemit I have been able to learn a little more about the subject. Currently I have three currencies such as STEEM, SBD and TRX, thanks to steemit I have been able to study and learn the uses of each of them.

Thanks to the recommendation of people who have more time and experience than me in this, and after investigating and investigating on my own about which would be the ideal wallet to be able to move and store my assets, I decided on the option of hot wallets , which are the ones that are connected to the internet. In my case, I chose an exchange wallet, specifically Binance.

2. Using screenshots, show how to cash on any pair of your choice.

Well, to begin with, since I do not have funds in my binance wallet, I decide to transfer some steem to be able to perform the demonstration for this task, to explain how cash operations are carried out.

I went to my wallet in steemit to make the transfer of my STEEM to binance.

Then copy the address and memo provided to me in binance to make the transfer.

Finally I filled in the corresponding data and proceeded to make the transfer successfully.

Once I had my STEEM on Binance, I went to the menu and select the Exchange option.

In this case I chose the STEEM / BTC pair. To find the pair, it is necessary to write the word steem in the search engine, since there are many pairs and it is a bit difficult to find the one we want.

Subsequently, I placed the amount of Steem that I want to sell, which in this case is 8 and I can see that the amount that I am going to obtain is 0.00012416 BTC. And I select the SELL STEEM option.

Once we select to sell, we can see that an order is created and then our order is accepted and in this way the operation is finalized.

3. Holding or reading, which do you prefer and why?

If they asked me this question weeks ago, I would have no idea what both terms mean, however, after the professor's excellent conference, I was able to understand it very well and in this way, be able to decide which of the two options I prefer.

The option you choose will always depend on what type of investor you want to be, both have risks and benefits, however, you should study which of the options you consider to bring you more benefits and fewer risks depending on your needs.

The holding is a much safer investment and it could be said that it is carried out in the long term, with one or several currencies, a large number of tools are necessary to carry it out and obtain the desired profits. But we must be very careful when choosing our investment, since as in everything, there are risks and we can lose. For this reason, it is important to carry out a study or analysis of the market of the currency in which we want to invest or in which we are investing, to know if we will obtain results in the long, medium or short term, like everything else, it is a job that requires time , dedication and patience. We cannot expect to see results immediately.

_Fuente

On the contrary, we have trading, in this option we have to have a great knowledge of the movement of the currency in which we are investing, to be able to know when to sell and when to buy or reinvest our money. It is a much riskier operation, so you must have the knowledge and experience necessary for this type of operation. However, much faster profits can be made.

_Fuente

I would particularly choose the holding company option, it is a much less complex option, and although results are seen in the long term, it is a much safer option and with less possibility of losses, although if we do not have the necessary knowledge, we can also lose our investment.

Conclution

The world of cryptocurrencies is a very wide world that grows with each passing day, that is why all the people who are or want to be in this world, we must keep ourselves in constant learning since new things come out every day and everything evolves.

There are a large number of wallets and even more so of currencies, that is where the importance of carrying out a detailed study of the markets and currencies is found to make the right decisions and make a good investment to obtain large profits, whether short or long. term, always taking into account that every investment brings its risks.

Greetings.

_{All screenshots belong to me, they were taken from my computer}