READ NEW INSTRUCTIONS! | Steemit Crypto Academy Season 2 Week 3: Trading and Holding - Two Sides of a Coin. by @jose6

in SteemitCryptoAcademy3 years ago


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Today we will talk about trading and holding, in a way, this is our daily bread for many investors, but for us who do not have cryptocurrencies it is very useful because we can learn a little more about which wallet to choose and its benefits, and Also, do a research about holding and trading and which one we would like to do, my homework on the subject of professor alphafx.



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


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Right now I do not have any cryptocurrency in my hands, but if I want to invest soon, when I make an exchange on the steemit platform I do it through the Exchange binance, which provides its exchange services at very low cost, I have had possession of steems and Ethereum for being a currency not as volatile in the bear market as btc is, I have had it saved in the exchange wallet because it is easier to exchange for a stable currency and to exchange them for the local currency of my country, for that reason I have them in the Exchange binance, in the same way if you would give me my opinion to choose a wallet, the best option for me is the trust wallet for various reasons, its registration is completely free and anyone can have its services, you can manage more than 20 tokens and add them to your list, the personal keys are saved from your device in which you installed the wallet, its use is very easy, it also allows interaction with Dapps from the ethereum network. The benefit of using this wallet is that if an Exchange is attacked and you have a wallet in between, your income will not be affected, but if you do not have it, you can lose everything if the Exchange is attacked by hackers.



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


From my binance wallet I can place a buy and sell order at the value I want, in the green box, I can buy ethereum, and in the red box I can sell it, the price at which we will make the sale is well verified and we proceed to sell the token.


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Holding or trading, which do you prefer and why?


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The cryptocurrency market is extremely unpredictable, but if we carry out a brief and deep investigation at each specific point we can get a little closer to reality and a possible result, my preference would be trading, through which we can take advantage of the oscillations of market rise or fall, we will know this through a diagram, in every graph you can see a specific pattern, each person in particular reads it differently, and each of us can read something that another does not see, when I carried out the exchange from Steems to ETH, I knew that the market was bullish but since the market works in oscillations, I always looked for the lowest point of ETH to exchange Steems for ETH and in a few moments it began to rise a little in value and made the change from ETH to USDT, to be withdrawn in the future in fiat currency. The holding company is not my thing, since you have to wait a long time and you can lose many possibilities of increasing our income, because between the oscillations there are always high points and low points, then I would have to wait for many setbacks that I can take advantage of with trading.


Excellent theme, an exemplary theme for our personal practice.
@alphafx @steemcurator01
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