Crypto Academy Season 3 Week 6 - Beginner's Course | Cryptocurrency Investment Tools By @fabiha
Hello, Guys, I am Fine hopefully you all are also fine there is my homework task let's Start.
1 a) Explain CoinGecko and why it is a good cryptocurrency investment tool.
b) Explore CoinGecko and explain at least 5 unique features of the platform (Take a screenshot of the page).
2 a) Give a brief explanation of Tradingview platform.
b) Explain the steps involved in adding indicators on the Tradingview chart. You can add an indicator of your choice except moving average. (Screenshots required)
c) With relevant screenshots, illustrate how to modify the indicator you have added to your chart.
3 a) In your own words, explain cryptocurrency Portfolio and Watchlist.
b) Explain the need for Portfolio management.
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).
CoinGecko is an online cryptocurrency platform that was launched in the year 2014 in Singapore based company by TM Lee and Bobby Ong. Bobby is a University College London Economics graduate while TM Lee is a Purdue University Computer Science graduate.
CoinGecko is an online cryptocurrency platform it assists the investor with all the data about specific cash wherein they wish to contribute with the business that the investors should be familiarized with the social affair, neighborhood, Aim of the digital cash that he wishes to fill inside.
why it is a good cryptocurrency investment tool.
CoinGecko is a good cryptocurrency investment tool because it provides the following info:
- General business information about blockchain companies
- Investors & buyers
- Service providers
- Deals (investments and acquisitions)
- Digital Securities
b) Explore CoinGecko and explain at least 5 unique features of the platform (Take a screenshot of the page).
Coingecko is an Amazing Platform with numerous novel components that make the experience for clients fun and simple to utilize.
According to the details below, I will be visiting coingecko.com.
Source
from the image you can see there is a column I will highlight! these options are amazing I will explore some of the five below:
- COINS
- EXCHANGE
- PORTFOLIO
- PUBLICATIONS
- RESOURCES
COINS
In Coins, there are different sections I will talk about two of them firstly I will talk about the Recently Added Coins option.
Source
This area Gives information about newly added coins for example firulais is a new coin added in Coingecko at 41Minutes earlier.
These are the options on coins
Secondly, I will talk about the market cap rank in the coins section.
In Market cap The global cryptocurrency market cap today is $1.83 Trillion, a 6.0% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $135 Billion. Bitcoin dominance is at 44.5% and Ethereum dominance is at 19%. CoinGecko is now tracking 8,815 cryptocurrencies. Popular trends of the industry right now are Defi and Play to Earn.
The second is Exchange.
EXCHANGE
In Exchange, there are three features spot, dex, and derivatives as shown in the picture!
Spot gives data on the record of trades that offers spot administrations.
DEX gives data on the rundown of decentralized trades. I picked the spot alternative in such a manner.
Derivative gives data on trades that permit contract exchanging.
PORTFOLIO
A portfolio is a group of stocks held by a person or an organization.
The portfolio highlight is the place where a client can add cryptographic forms of money of premium. He would then be able to follow the resources and loses and gains of the resources. This segment makes it simpler for the client to realize how their resources are performing.
On Coingecko, only users which have registered their account can be able to see the portfolio in the portfolio there is also an option to add a new coin/
- PUBLICATIONS
In Publication, we see the different ways, through which CoinGecko announces data concerning their activities like reports.
- RESOURCES
This part of CoinGecko offers assets to help its clients in their exercises
Trading View platform
The trading view is an online exchanging platform that can be utilized by traders for most especially technical analysis. It provides various devices to the dealers to help them exchange which incorporates Drawing devices and so on, there are various technical indicators and outline-altering devices accessible for clients that assist in understanding the value conduct and market patterns of crypto resources.
One remarkable feature of the TradingView platform Is that there are underlying specialized pointers, candle examples, and considerably more specialized investigation apparatuses available to the clients
Moreover, there is additionally a public library where clients can distribute their pointer scripts for brokers to access a lot of other merchant marker scripts.
According To The instructions, I will be visiting tradingview. after loading, I will click on the chart as shown in the picture!
Now Following the aforementioned step. Click on Indicators on the chart page.
After clicking on the indicator you will see a search button where you can search for any indicator you want to use I will use Vortex Indicator as seen in the picture
The Vortex Indicator consists of two lines that signify uptrend (VI+), commonly depicted as green, and downtrend (VI-), commonly depicted as red. This indicator is specifically used to determine trend reversals and confirm current trends and direction.
To configure the periods for the Vortex Indicator:
Tap on VI at the left top corner of the indicator, and tap settings. here you can see the length is 14
Source
I will Change this length to 24 then see what it look like after modification as shown in the pic
CryptoCurrency portfolio
CryptoCurrency portfolio is referred to as the group of crypto assets used by traders to minimize the loss of their assets. cryptocurrency portfolio provides analytical tools. In Other Words, A cryptocurrency portfolio is a depiction of all the coins and tokens you own. It addresses your total investments across all digital money types. For instance, on the off chance that you own 10 various types of coins and tokens, your portfolio comprises 10 digital currencies. The worth of all the digital currencies in your portfolio is equivalent to your portfolio worth.
Watchlist
A watchlist is made by dealers to watch out for crypto resources they find as top picks and need to examine their advancement. At the point when you sign on to a crypto-currency platform, there are more than 11,000 digital currencies and in light of the fact that financial backers or dealers can't concentrate these resources consistently, they make a watchlist comprised of resources they need to watch out for or study their advancement.
It is the art of choosing the right investment strategy for people as far as least danger and most extreme return. It alludes to dealing with a person's interests in the type of securities, shares, cash, common assets, and so forth so he procures the most extreme benefit inside the specified time period. It presents the best venture to the people according to their pay, age, capacity to attempt hazards.
It Increases the chance of making profits, assists with introducing the best speculation plans as indicated by the financial backer's spending plan, pay, and capacity to attempt chances, minimizes the risk involved in investments.
this is my Coinmarket cap Watch list
BITCOIN
When I am interested in making an investment my first click on bitcoin I like bitcoin I believe that if I risk and invest money on BTC in some time I believed that I will get the benefit from BTC.
Etherium
I will choose Etherium because I know that in Few years ETH will have a big cryptocurrency this coin will be known as a rich coin like bitcoin.
Shiba Inu
SHIBA INU is a meme coin it is placed on 45th rank I Get a loss on this Coin But Also get profit it needs a long investment and when takes profit then withdraws that was the right method.
Steem
As a user of the Steemit platform, I often see their rate and I believe that the steem rate will go high.
Steem Dollar
As a user of the Steemit platform, I will get steem dollar as a reward so I often see their rate also.
END OF HOMEWORK
Finally, I will be thankful to the professor for his grateful explanation in the homework I will try my best to explain Hopefully get a good result again thanks to professor @reminiscence01.
Regards,
CC, @reminiscence01
Hello @fabiha, I’m glad you participated in the 6th Week of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
Observations:
Use the right terms in your writing.
Recommendation / Feedback:
I'm not satisfied with question two. Your steps on how to add indicators isn't clear.
Thank you for completing this homework task.
Thank you Professor next time I did great