Steemit Crypto Academy | Week3 : Designing a Cryptocurrency Investment portfolio. By @eulalia1202
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This task in particular is very useful for all of us since it allows us to contribute everything we have learned through classes carried out by teachers, this theoretical - practical task allows us to investigate with 6 different cryptocurrencies which we will know later, we will see how it went with one investment of 100 dollars to each of them. Let's get started.
Your cryptocurrency portfolio should have 6 cryptocurrencies and briefly explain why you have chosen to invest in each of them.
I have chosen each of these cryptocurrencies, for their high volatility in the market, for their capitalization that they have in the market and I have visualized the candlestick diagrams to know at what point they have their supports in order to buy and carry out a small trade, my decision was also because each of these tokens belong to platforms that have endured in the world market and have earned the respect of all, each of these cryptocurrencies has an upward path that made me make the decision to invest a little In them, below I will give you a brief summary of the meaning of these 6 cryptocurrencies.
BITCOIN “BTC”
It is the first and most important cryptocurrency that went on the market, this cryptocurrency serves as an electronic exchange currency to acquire goods and pay for services is very common and it is governed by the majority of the cryptocurrencies that exist, when its price falls it takes all The cryptocurrencies minus some altcois that are not based on it but still drag them a bit due to the domino effect, it is decentralized, this means that no institution has control over it.
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ETHEREUM “ETH”
Ethereum is a decentralized platform which has a wide range of tokens, its greatest achievement is that through its platform it allows you to create new tokens based on its network, you can also create decentralized applications based on its network. The objective of this platform is to be considered the engine that directs all the applications of the cryptographic network that exist in the market.
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STELLAR “XLM”
It is a platform that allows the sending and resection of payments quickly and at low cost, it is decentralized and currently has had a very good position in the market, as well as its volume has increased a lot.
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BINANCE COIN “BNB”
It is the official token of the binance exchange house and as a consequence it has many benefits for those who carry out operations with that currency in that Exchange, currently its volatility and its volume have increased a lot and it was one of my best choices.
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IOTA “MIOTA”
It uses a unique technology with its open source whose balance is distributed. This project is based on the DAG network, which allows it to be considered a bridge in IOT-based devices. Basically its objective is to update the communication networks corresponding to IOT much more, with the use of the internet.
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TRON “TRX”
It is a decentralized token which is based on blockchains, this platform is based on digital entertainment for all devices that have its network. It allows the creation and availability of its content freely to everyone.
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Use a crypto wallet of your choice to store your 6 cryptocurrencies.
Use the broker "Etoro" as a virtual wallet for my investment practice, Etoro is a trading broker where you can interact with real or virtual currency tokens to put your skills into practice, it is centralized and regulated by two European entities, " ESMA, MIFID2 ”, this platform allows you to copy the strategies of other traders if you wish, it is very easy to use and does not require much training.
Use the broker "Etoro" as a virtual wallet for my investment practice, Etoro is a trading broker where you can interact with real or virtual currency tokens to put your skills into practice, it is centralized and regulated by two European entities, " ESMA, MIFID2 ”, this platform allows you to copy the strategies of other traders if you wish, it is very easy to use and does not require much training.
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Wait a day or two, then show the final results of your investment portfolio.
Perform the practice of the results on April 27 and finish them today, my results were somewhat predicted because most of the tokens I chose depend on BTC and since at this moment it is making a setback to go higher , all the tokens lost their value a bit. But the truth is, I would not withdraw in loss, I would leave everything in the form of a holding company and hope that the BTC rises to reach my goal, but for this to happen many days may pass, in which I now find myself in need of place the results now. Let us remember that these results were made with virtual currency.
In the two arrows that we observe are the opening value and the current value of each of the 6 cryptocurrencies.
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Here we can see the difference in USDT that was generated positively or negatively and its respective percentage.
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The total investment of the 6 cryptocurrencies was $ 100 in each of them, as the same broker "Etoro" gives us the value gained or lost and the percentage, then we can reach a very easy conclusion of total values gained or lost and their respective total percentage generated by the investment of the 6 cryptocurrencies.
The total value generated was: -8.22 USDT, this means that while taking the captures from the moment of my investment I have lost 8.22 USDT with an investment of 600USDT, but this happens normally, for this reason we have You have to have patience and a respective calm and let time do its thing, in order to let the BTC start to go up and respectively pull all the cryptocurrencies in turn in a positive way.
The total percentage generated between the 6 cryptocurrencies is: -1.37%, this means that at the moment we are losing -1.37% of our investment.
Thanks for your attention.
cc.
@yohan2on
@steemcurator01
@steemcurator02
@steemitblog
Hello @eulalia1202,
Thank you for participating in the 3rd Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 6/10 rating, according to the following scale:
My review :
It is a work of generally acceptable content in which you presented your short experience in trading six cryptocurrencies using a virtual account on the eToro platform. If you did not make profits, it is still useful to you. The arguments of your choices remain brief and general, not stemming from personal or friend experience, as you had to analyze more results of this trade.
You have a paragraph that you've rewritten twice.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01