Steemit Crypto Academy Week 11 - Homework Post for Professor @alphafx - about Trading and Holding - Two Sides of a Coin

Today I will make a homework assignment from my learning at steemit crypto academy, here I will make an assignment given by professor @alphafx, about Trading and Holding - Two Sides of a Coin.

Here the professor gives his assignment, the assignment includes 3 points, including:

1. Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in
2. With screenshots, show how to perform spot trading on any pair of your choice.
3. Holding or trading, which do you prefer and why?

Source of questions

Oke, without prolonging preamble, I invite you to jump right into my homework assignment. Stay tuned and read to the end, OK :)

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Q1. Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in

Yes to this question I hold a few coins. Then what wallet do I use to store these coins? in this case the coins I hold are stored on a Hot Wallet as the professor explained in this week's lesson, which is the wallet that resides on the cryptocurrency Binance. I registered Binance a few years ago and have done several exchange transactions there, including BTC/EOS, EOS/BTC, BTC/STEEM, STEEM/BTC, BTC/XRP, XRP/BTC, and several other coin exchanges.

Until now, I hold 3 coins including STEEM, TRX, and XRP. By the number of coins:

• 30.309 STEEM
• 363 TRX
• 19 XRP

The amount of BTC Equity Value at the time of writing this article is 0.00184295 BTC = $101.17
Apart from that, I also store several assets in my Indodax wallet.

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Q2. Show how to perform spot trading on any pair of your choice

To trade, the initial step that you have to do is that you have an exchange wallet, in this case I made an exchange on the Binance application using my smartphone. In this case I choose to exchange the coin Steem/BTC that I have on my Binance. Okay, for the method, I will explain it in the writing below :

Information	Image
Open a Binance account and select Markets then I found several features there including Spot, Futures, Zones. Then to select or search for coins that I want to trade can be done in the Search Coin Pairs column.
After I wrote in the search box about which coin I wanted to do on this exchange, I chose STEEM / BTC :
After doing the steps above then the display will appear as in the picture beside: Select Buy if you want to buy STEEM using your BTC assets, and because here I want to sell or exchange STEEM / BTC then I choose the SELL option
Then after that it will appear as in this column: Here I have 30 Steem and want to exchange it for BTC, so the first step is I choose the amount of Steem I want to sell, then I choose the price I want, here I suggest you to determine the price by looking at market activity first, but here because I did it for a tutorial, I took the lowest price of the sell order:
Okay as you can see from this picture that my assets have been sold by 80% or a total of 24 steem, and the rest is waiting for someone to pick it up at the price I set.
To see the history of market activity, here I press the paper logo as seen on the logo which I have rounded off with yellow ink in the image above, and here my STEEM assets have been completely swapped with 2 stages as seen in the sales history that I have done in this column, and now the Steem asset has become a BTC asset
Okay, here my 30 STEEM assets have become BTC

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Q3. Holding or trading, which do you prefer and why?

Actually I prefer Holding to Trading, I prefer to hold my crypto assets in the wallet that I owni, just like I store several crypto assets on the INDODAX market, including:

Coin	Estimated price of IDR	Percent	Image
VIDY	117.000.000	68,5%
XRP	17.600.296	10,3%
IDR	14.700.001	8,6%
BTT	11.623.853	6,8%
NXT	9.934.121	5,8%

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Here I also attach a screenshot of my portfolio of the assets:

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Talking about Holding or Trading, another reason I choose holding is because my emotions are often disturbed when watching chart movements, and sometimes when trading I also often do things that I don't need to do so I only experience losses. And of course every trading activity has a fee from the exchange of assets that I trade.

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Conclusion

Holding or Trading? Everyone certainly has different answers about the two, depending on the skills of each person, if you have learned a pretty good trading technique then maybe a trading step is a good thing for you to do in order to get a higher profit, but you also need to know that holding does not rule out we get high profits as well, and of course the main goal between holding and trading activities that we do is to get profit. I need to underline here that "everything that has the potential to have high profits will certainly present a tendency for higher losses as well, because in the investment world what you really need to remember is never to invest money that you are afraid of losing it". Greetings profit, greetings go to the moon.

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Sources of Data and Images from the :

App Indodax

App Binance

App Tabtrader

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Professor @alphafx, this is my Homework assignment on Steemit Crypto Academy Season 2 Week 3: Trading and Holding - Two Sides of a Coin.