Cryptoacademy| Season 3 week 6 | Investment tools by @amritraj

Hey all here I am submitting homework on Investment tools for professor @reminiscence01.

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1. a) Explain CoinGecko and why it is a good cryptocurrency investment tool.

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CoinGecko is a social media information that aggregates information about the performance of most of the cryptocurrencies available. CoinGecko uses real-time data sources to display price information, transaction volume and price fluctuations from one hour to one week within the range allowed by the available information. Additionally, crypto assets are ranked by market capitalization, with the largest ranking being the highest.
CoinGecko is a Singapore company founded in 2014 by TM Lee and Bobby Ong. The team has spoken at world conferences and has received support from the Malaysian Government Agency (MaGIC).
CoinGecko is one of the sites for real-time crypto price lists. CoinGecko welcomes new crypto users to join the community through educational materials, income earnings calculations, and interactive giveaways. When logging into CoinGecko for the first time, Bitcoin defaulted to the top cryptocurrency with the largest network and market capitalization.CoinGecko arranged all the exceptional characteristics of the token so that users can view exceptional statistics points and facts about the crypto market.

Reason for good cryptocurrency investment tool:

1. CoinGecko acts as a trusted clearing house for 5,000 crypto assets.

2. CoinGecko shows the contract address of the crypto asset, which is useful when buying ERC20 tokens from a decentralized exchange (DEX).

1. CoinGecko lets you filter and search your searches using a variety of criteria, and quickly and accurately find what you need to know.

2. CoinGecko tracks upcoming chain measurements, open source code development, and upcoming events within the industry.

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b) Explore CoinGecko and explain at least 5 unique features of the platform (Take a screenshot of the page).

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CoinGecko is a digital monetary price information data platform. Users can quantitatively evaluate and rank coins. It provides currency prices and fundamental analysis of cryptocurrency market. CoinGecko offers a variety of data on a variety of crypto assets. All data we receive and query from different sources goes through CoinGecko's various algorithms to verify the integrity of the data.CoinGecko is one of the largest and earliest crypto data collectors in operation since early 2014. Currently, over 416 password currency exchanges are tracking nearly 7051 tokens.

Features of CoinGecko

PORTFOLIO

COIN

EXCHANGES

DECENTRALISED EXCHANGES

HISTORICAL DATA

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2. a) Give a brief explanation of Tradingview platform.

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TradingView is an online web-based trading platform with many useful features. You can use it to track prices and analyze many other tradable assets, including forex pairs, stocks, cryptocurrencies, commodities, and government bonds.TradingView is the world's most popular network of traders and investors with real-time data and market-leading analytical software. It's a success story known for word-of-mouth, from 2013 to over 15 million monthly active site users at TechStars in Chicago and over 40,000 publishers, intermediaries, and pintech leveraging investment tools. Tradingview is a global team of over 200 people founded by Stan Bokov, Denis Globa and Constantin Ivanov.
Trade View is a strategy platform. It allows you to discover investment ideas.The advanced chartists are powerful enough for beginners easy and intuitive. Trading View has all the charting tools you need to share and display your trading ideas. Real-time data and browser-based charts allow you to research from anywhere. Just open TradingView with a modern browser and you can start sharing graphs of your trading ideas. See what others are doing, let's trade and invest well.

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b) Explain the steps involved in adding indicators on Tradingview chart. You can add any indicator of your choice except moving average. (Screenshots required)

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Visit http://Tradingview.com .

Click on chart option present on top of the screen.

Then click on indicators from top middle screen.

Search for pivot point standard indicator and click on it select it.

Here pivots are set on the chart as there default settings.

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c) With relevant screenshots, illustrate how to modify the indicator you have added to your chart.

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Now click on the setting option here on middle screen.

We can modify it from here we can change its pivots from 15 or can keep it 15 and timeframe will be auto.

Here we can change label font type and size. Click on ok.

Set visibility according to your choice and press ok.

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3. a) In your own words, explain cryptocurrency Portfolio and Watchlist.

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Cryptocurrency Portfolio

Cryptocurrency portfolio is a data of the traders assest. It manage your online currency investment inventory. It track the performance of each coin and provide an analysis tool.The cryptocurrency Portfolio allows you to track the value of all holdings. You can track the performance of coins in real time simply by adding the amount of coins you have. It compare crypto investments to see which currencies have the best performance. You can easily add coins and edit your balance to reflect the status of your crypto assets.

Watchlist

Watchlist is a group of crypto assets and it allows users to create their own cryptocurrency list.A well-organized watch list will help you spot trading opportunities, track the performance of your portfolio or keep an eye on hot stocks. This is a list of stocks to watch out for, which can be used to create an interesting undervaluation situation for investors when prices drop.

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b) Explain the need for Portfolio management.

Portfolio management is the investment plan for the client as per their requirements. Portfolio management minimizes investment risks and increases profit opportunities.

There are basically two types of portfolio management:

a) Active portfolio management-Portfolio managers are actively involved in buying and selling securities to ensure that people get the maximum benefits.

b) Passive portfolio management-Portfolio managers deal with fixed investment portfolios designed to adapt to current market conditions.

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c) Select 5 cryptocurrency assets you wish to add to your Watchlist and explain your reason for selecting each of them. (Show screenshot of your Watchlist. It can be any platform).

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Bitcoin

It is the most famous cryptocurrency. Unlike many other tokens, at least some companies accept it as a payment method.
Bitcoin gives the impact on many alt coins.

Ethereum

It is the second largest cryptocurrency by market capitalization. It has started rolling out a series of updates called Ethereum 2.0, including the transition to Proof of Stake, which aims to use sharding to increase transaction performance.

XRP

XRP is an existing global payment platform. It is a decentralized network that provides users with a global payment platform using the XRP ledger and the XRP crypto currency.

Polygon

Polygon is also offering its own crypto token. This token has greatly increased in value with the company's expanding use of the network. At the time of this writing, it was sitting at 86 cents per crypto token and in 2021 it can be goes upto 98 cents.

Doge

It made a lot of fan clubs. And while its value has fallen sharply in the last few weeks with many other cryptocurrency, it has still risen by about 400% over the last three months. And now doge has many chances to go to the moon.

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Conclusion

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All in all, I can say that this wonderful world of cryptocurrencies is so vast and never ends because not only do you have to invest in a few simple currencies, but not only do you have to enter the market and bet on them, but there are countless numbers. at your reach. Tools, which allow you to do very in-depth research and research on your gradual growth. In addition, you can also use tools like Tradingview at any time, where you can see your price changes, study different charts and take take advantage of their All indicators, which will give you the best time to enter or exit the market and platforms (such as Coingecko), where You will be able to see the classification of the currency in terms of its growth and everything related to your project, which will be useful for making decisions Information about which currency to invest in or not to invest in, so I can say that this world of cryptocurrency investment has a bright future and will change the financial world, because he already has. Thank you professor @reminiscence01 .