Homework task season 2 week to by professor @fendit
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Hi there, welcome to week 2 of the crypto class thanks to @steemitblog for such an interesting initiative will be completing my homework task by professor @fendit
Which is your risk aversion, which of these products you find the most appealing, and why.
Being an average investor means I need to choose my investment strategy carefully as any unprofitable loss of fund can lead to liquidation of my asset.
Conservative tolerance to risk: is my type of risk aversion since the sole motive of an investor is to generate profit, only the whales in the market can sometimes be able to manipulate market movement and since my investment asset is not that big I choose to be very conservative when it comes to taking a risk.
Conservative tolerance to risk; also means an investor needs to be very diligent when it comes to buying new investment plan asset in the market, for instance before buying a new launched crypto coin project adequate research needs to be taken by an investor before buying such coin, things like the project teams, market potential supply and circulation rate of such coin need to be looked out for before making any investment moves by such an investor.
In general, my risk aversion means as an investor is being conservative in taking risks for any investment or trading position I take.
why I chose conservative tolerance to risk
It's a simple analogy in the market the more risk you take in any investment the more capital/fund you are likely to invest and also the higher the chance of losing capital.
With conservative tolerance to risk as an investor before taking any calculated risk in taking a trading position I need to make some important technical/fundamental analysis before opening a trade.
Also before buying any coin in the market I need to know what/who is behind such coin before buying, therefore, conservative tolerance risk helps me reduce/minimize the risk of losing funds in an investment.
Explain in your own words fixed and flexible savings, high-risk products, and launch pools
Fixed saving; this process involves where an investor decides to lock up some of his asset/cryptos in a desired exchange/wallet for a particular fixed time and the return will be generating some additional reward for locking up this fund. at the expiration of the fixed date, the investor-generated reward will be equally distributed according to his deposited locked fund.
Flexible saving; unlike the fixed saving in flexible saving an investor can be able to remove his staked capital at any time by redeeming his generated reward.
High-risk products; This investment strategy sometimes involves a high risk of a fund as lucrative as it seems an investor stands the chance of losing more fund/capital in this type of investment.
Also, this type of investment generates more capital for investors.
Launch pools; are platforms where investors get a chance to stake their crypto asset and in return get rewarded in staking pools staking some particular coin will help the investor gain additional reward.
Show and give detail on how to set the investment you chose in Binance. If you don't use Binance as your exchange, let us know which alternatives you have in your exchange and simulate the process of investing in Binance.
Using the binance trading app I will show how to set up a flexible saving plan on the application.
When you have successfully login to your account click on your binance wallet.
From the wallet at the top right corner select earn.
Click on buy product to select the amount of BTC or usdt you want to use for fix, flexible or high-risk investment if you have enough crypto balance you can easily transfer funds to your earning wallet and start earning.
On successful transfer or purchase of your assets you can choose either to fix earn or flexible earn I'm not having enough balance on my binance app I will stop here.
To further with earning once you fund the earning wallet base your choice you can choose to start earning by fix, flexible or high risk depending on your choice.
The image above shows APY rates of BTC, BUSD and USDT.
An investor can choose which plan is more suitable and start earning.
image screenshot is taken from my binance account.
Thanks for stopping by.
Thank you for being part of my lecture and completing the task!
My comments on your work:
On the first task, you went too far explaining why you're in a conservative position, but you didn't explain which product you'd choose and why.
The second and third task were ok, but you could have given a bit more detail, they were too brief.
General comment:
Nice work. For next lecture, try to really understand and come up to a conclusion before writing your work, it's better to take a bit more time to process all the information.
As well as this, it's important as well to focus on markdowns, it makes your work much more appealing and interesting if it's presented in a more detailed way! :)
Overall score:
5/10
Thanks for the feedback.