HELLO STEEMIT members , i hope you all are fine and doing well, so this is my homework given by the honorable professor @alphafx , First of all thankyou so much professor.

Crypto academy professors are doing their utmost to help steemit users learn about a variety of topics by sharing their expertise and information in order to help them make better use of this enviroment and helping us to not only learn but also enhance our skills here.

My Name is Shahab Khan ( @shahab1998 ) and this is my homework post of great Professor @alphafx on TRADING AND HOLDING of coins.

STEENIT CRYTO ACADEMY SEASON 02 WEEK NO 3

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QUESTION 01: Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in?

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First Lets talk about Wallet and coins , Basically CryptoWallets are those applications or websites which acts as a virtual wallet for a user and it enables the user to store their digital assets in form of crytocoins, there are multiple types of Crytocoins including Dogecoin, Bitcoin, Etherium, Steem and hundreds of more, on these wallet one can not only store its assets but can do buy and selling on, can perform trading and can earn a good revenue from his savings using this wallets.

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Back in 2018, it was the first time i was involved in crypto, i joined steemit plateform in 2018 on suggestion of my friend but at that time steemit was not that in in the market, coin value of steem was not that good. at that time i installed COINBASE and saved my steems it in it, and whenever i get a better price i sold them but at the end of 2018 steem value was degrading very fastly so i sold all of my coins which were saved on my COINBASE WALLET and i left cryptocurrency at that time.

But in 2020, i rejoined Steemit pakistan plateform with a new account ofcourse because i did not remember the passwords and keys of my old account, i joined steemit and from sep 2020 till now i am continuesly working on steemit and earning steems, the wallets i am using from 2020 are Binance and steem wallet ofcourse.

Steem wallet is a web based application which helps and enables you to manage your Steem dollars and steems you can buy and sale on it, the other and mostly used wallet of mine is BINANCE . I used binance for two main purposes, one for storing steem and another is trading, i also do trading on it and According to me Binance is the best wallet as it is very user friendly and easy to use and transaction fees in it is also very less.

QUESTION 02: With screenshots, show how to perform spot trading on any pair of your choice.

BINANCE:

So first lets talk about spot trading in binance basically i usually store store in binance and do my trading on it, the main reason i prefer Binance is that it is very secure and its transaction fees is also very less which makes it very attractive for me.

SO AS YOU CAN SEE I HAVE STORED THESE STEEMS IN MY WALLET:

SHOWING SPOT PROFIT AND LOSS ANALYSIS:

HERE I AM BUYING 201 STEEMS USING BINANCE WITH CONFIRMATION MESSAGE OF ORDER COMPLETED:

NOW THIS SCREENSHOT IS SHOWING SELLING OF STEEMS, I AS YOU CAN SEE I HAVE REMAINING 49 STEEMS IN MY ACCOUNT AND I AM SELLING 47 STEEMS

ANOTHER ATTRACTIVE FEATURE OF BINANCE IS WE CAN EASILY TRASFER STEEMS FROM BINANCE TO STEEM WALLET WITH A VERY LESS TRANSACTION FEES OF 0.01 STEEM AS YOU CSN SEE IN BELOW SCREENSHOT I HAVE TRANSFERED STEEMS TO MY WALLET.

STEEM WALLET:

Another wallet which i use and all those people using steemit plateform is STEEMWALLET and we can do buying and selling of steem with a great ease as you can see in below screenshot.

MY STEEMWALLET:

BUYING OF STEEM:

ORDERED PLACED:

SELLING OF STEEM:

QUESTION 03: Holding or trading, which do you prefer and why?

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So lets talk about Holding or Trading, Actually i prefer both, If we talk about holding so it is also significant in many ways, cryptocurrency is a very risky plateform you can lost all your digital assets in a single day so i think holding is a good option if there is a prediction of hike in price of coin like in today's situation crypto coins are again rising after a big fall and value of cryptocurrencies like steem is increasing every day again and it is predicted that it will rise more so at this point holding of steem is a good option.

But on other side there is no surity of rise in price as it is totally unpredictable so trading is a good option in such condtions, what i do and i prefer is to hold some half of thecoins if it is predicted that there will be a rise in price while do trading from other coins so that one could trade also and generate an income as trading can help in genrating profitable opportunities in those condtions too when he is holding or saving his coins.
So thats why according to me both holding and trading have potential and profitable returns, if you trade in right condtions and hold and sell in a good time then you will pofitable opportunities.

Thats All.

CONCLUSION:

I have learned alot about trading and holding from your lecture professor @alphafx. According to me both Holding and Trading both have their own benifits and it depends on the user that he how he use strategies to create profitable opprotunities from both. Thankyou so much for this wonderful and informative lecture.

Thats all , This is my homework professor @alphafx i hope you like it and once again professor thankyou so much for this informative lecture, This post is totally plag free.

Please share your valubale feedback.

@alphafx
@steemcurator01
@steemcurator02