Steemit Crypto Academy Season 3: Homework Task for@reminiscence01|| Submitted by @goodspeed22|| 07/08/2021

Hello dear friends, good evening all. How has the week been? Sure fine. Below is my home work task for this week.

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

Coingecko founded with the aim of making available cryptocurrency information to investors/traders, so that they can make good investment decision through the analysis/reports of these assets from the platform. This information can be analized through publications, newsletter and other sources.

These data can help the user track the world's top cryptocurrencies. This information ranges from knowledge about the team who created the currency, the Github of the crypto asset, when the community begins the project as well as the market stats, which include the price, volume, hours of trading, market capitalization and more.

It is a very vital investment tool because provides the investors first information about the cryptocurrency they want to go with, thus guiding them in making good investment decisions like when to enter and exit the market. In other words, it gives an investor an overview of cryptocurrency market in an easy to understand manner.

"1b. Explore and explain at least 5 unique features of the platform (Take a screen short of the page)."

CoinGecko as a vital investment tool, has the following features amongst them are 5 being explored below:
a. Coin Ranking
As we open the landing page, we see several drop-down menu list and from here we go to coins. This menu gives the users several cryptocurrencies in the market including the most current coins, the currency aim, large movers, those with high volume and other features.

Also from this menu, we can quickly see the market capitalization that includes stable coins, exchange based tokens, Binance smart chain (BSC) and more. From this ranking, we can as well observe the top coins at a glance and how the price was affected within hours of trade and the number of days involved. This is absolutely a platform one should look into before any investment is made.

b. Crypto Exchange Ranking:
under this feature, as an investor, I can get information on Trust Score, that is right exchange I can trade with, the trading volume, how many times the exchange receives visitors, as well the cryptocurrency pair, total pairs and from there I can make my selection.

CoinGecko News:

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As the name implies, this feature of the platform gives the investor information on all the happenings in the cryptocurrency market - news on a particular coin. For instance, as at the time of preparing this home work task, 2 hours before, I got this news:

"Bitcoin Price Forecast: BTC Leaps Past $40,000... Bitcoin price regains strength above $40,000 as bulls look toward starting a new rally..."

And many other items on the news.

d. CoinGecko Podcast:

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From here, I learn about a particular cryptocurrency and its activities. The founders are interviewed and they give out information on the background of their coin, their products, token launch and their future plans for the months and years ahead on their cryptocurrency. For instance, here is one of the quotes from the interview conducted on Gitcoin.

"The token itself was really meant to be a governance token first and foremost, which is really critical to note. The token itself for now, has no real economical rates, We don't intend for it to have an economical rate."

e. **CoinGecko Beam:"

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From this platform, one gets information about coin price and market data. For example, BEAM coin has this date:
Price: $0,621500
trading volume (24 hrs.): $26,882,047
Interest on price: `4.1% in 24 hours
Circulating supply: 94 million
Total supply: 263 million
Exchange: Binance

Yes, with the above information, an investor can make the right investment decision using CoinGecko platform.

"2a. Give a brief explanation of Trading view platform."
This is a platform that assist an active trader in the financial market and also help him to meet with other investors in order to share and talk about their trading activities.

It also gives vital trading tools like the charting tools, drawing tool features as well as in built technical indicators, candlesticks patterns and others.

Also worthy of note from this platform is a public library where one can publish his own indicator so that traders can access and use these indicators.

"2b. Explain the steps involved in adding indicators on Tradingview chart, You can add any indicator of your choice except moving average. (screen shots required)."

To add an indicator, the following steps should be followed:

• Open trading view from your browser and click on chart.

• It will then take you to charting area. just at the top of the page, left hand side, there are some icons there, choose indicator symbol (fx)/

• Next, a menu will display below the indicator icon and contains indications, public library, etc.

• In order to get the indicator of your choice, you will type the name of your indicator on the search tool. Then it will be shown and you select it and then work on it.

"3a. In your own words, explain Cryptocurrency Portfolio and Watchlist."
Cryptocurrency Portfolio

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First of all we need to understand what portfolio is. It is a collection of assets like Coins, Arts, Stock, etc in one place, that is putting together more than one valuables in one location with the aim of monitoring them at once. Therefore, cryptocurrency portfolio is an application or software that assist an investor to manage and monitor his digital currency, which possibly can be more than one. This collection of cryptocurrencies can easily be monitored with regards to their performance in the crypto market and at the same time giving an investor analytical tools that he will use to make the best investment decision.

Watchlist
These are collection of cryptocurrency assets from the crypto market based on their performance/progress in the market, so that an investor can select the ones that has high value in terms of profit, as we know that there are a good number of cryptocurrencies in the market. From these watchlist, he will be able to analyze and evaluate critically with the aid of technical tools and select at least the best five or more to invest in and the same time add them to his portfolio. These will be monitored on daily basis to see the best time to invest.

" 3b. Explain the need for portfolio management."

The need for portfolio management cannot be over emphasized. With the nature of cryptocurrency - highly volatile, an investor needs to have an application that can manage these assets properly, monitoring their progress regularly, so that he can have the knowledge of these assets and make the right decision at the right time.

According to Benjamin Franklin, he said "An investment in knowledge pays the best interest." thus with the aid of portfolio management, an investor learn more about his digital currencies - their price, market updates, profits and losses, the trending coins and others information about the currency.

portfolio management helps an investor to see how their investments are performing at once, thereby saving him time and effort in checking them one by each. All of these is to maximize profit and reducing losses from the investment.

"3c. Select 5 cryptocurrency assets you wish to add to your watchlist and explain your reasons for selecting each of them. (Show screen shot of your watchlist. It can be any platform."

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My 5 cryptocurrencies I wish to add to my watchlist are:

• Bitcoin BTC
• Ethereum ETH
• Tether USDT
• Binance Coin BNB
• Cardano ADA

These are ranked as the first five to watch out for. Their market cap, price, volume are better, which means their performance is good in the crypto market, thus they will yield good profit in the future when I will be investing.

Conclusion
From my observations, it is paramount that investors learn about these investment tools in order to succeed in the crypto market.

My best regards to the Admin.

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cc: @reminiscence01