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RE: Crypto Academy / Season 4 / Week 1 - Homework Post for [@awesononso]

Hello @inspiracion,
Thank you for taking interest in this class. Your grades are as follows:

CriteriaCalculation
Presentation/Use of Markdowns1.5/2
Compliance with Topic1.5/2
Quality of Analysis & Calculations1.2/2
Clarity of Language1.8/2
Originality & Expression1.7/2
Total7.7/10

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The following caught my attention:

The act of bidding is known as a bid, and the act of buying is known as an ask.

This points is not clear. From the topic, the bid and ask are price levels and not acts or processes.

Bid price: It is the lowest price at which a seller expects to sell.
Ask price: It is the maximum price that a buyer is willing to pay.

This should be the other way round.

This occurs frequently in crypto markets due to the low liquidity of these markets.

Not all crypto markets have low liquidity.

Positive slippage occurs when a buy order is executed at a lower price than was expected.

For a sell order it would be executed at a higher price.

A negative slippage occurs when a buy order is executed for a higher price than expected.

For a sell order it would lower.

For example, if I placed an order on Steem's domestic market to buy Steem for 0.084 SBD / Steem, and finally the order was executed for 0.083 SBD / Steem, then a positive slippage occurred.

You should note that the Steem market lets us set limit orders and not market orders.

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Feedback and Suggestions
  • You should have done a lot more on the topic.

  • There are some vague explanations especially on question 6.

  • More details are required to improve the presentation.

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Thanks again as we anticipate your participation in the next class.

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