Summarize of Mini Crypto Program Part 1,2,3 By @mukadas

Part 1

The first part of the mini crypto was on Trading View, how to register an account on it and hows its tools are been used, features and indicators of the TradingView

Tradingview is a trading analysis platform with a collection of tools. It was founded in 2011 and offers a wide variety of features and services that all merchants benefit from. You can get data and information on stocks, currencies, metals, energy, and cryptocurrencies.

In short, the site is a place where beginners like me can discover charts, information, and features for each type of asset. TradingView helps beginners gain market information and teach them how to make successful trading or investment decisions.

Tradingview offers traders a variety of packages that vary depending on the experience and financial stability of the trader. For more information on each package, visit the Tradingview website and look for the free tour at the top of the home page. A new page will appear with all the packages on offer, as well as their prices and functions.

_{Screenshot from TradingView}

• Visit Trading View and click on Start Free Trail

_{Screenshot from TradingView}

• A window will appear, with apurchase plan on the cost to sign up and for how long. But from below we can see a link which says "Try free basic", we then click on it.

_{Screenshot from TradingView}

• We can see good variety of options on how to register an account, you choose to select your preferred option but I will like to go with my Mail.

_{Screenshot from TradingView}

• A window displayed asking me to enter my email and password. So we i filled in the required information needed.

_{Screenshot from TradingView}

• After which i was asked to enter my user name and to upload a photo.

_{Screenshot from TradingView}

• After i was done i Click continue and my account was created successfully. I can now have access to all the features.

_{Screenshot from TradingView}

1. Charts.
   The Graph function displays a graphical screen that explains the current trends in the markets, the prices of each of the items in the market, and whether it is safe to buy or sell for profit by reading the graph.

2. Second market
   The market function is the place where all transactions take place, that is, buying and selling. Every market trend in the world is displayed in function from cryptocurrencies to stocks to bonds and much more, and it not only shows you all of this, but also gives you an assessment to buy if you are interested.

3. Community
   This feature in Tradingview offers user communities to meet other users, exchange marketing ideas and also to learn some new things about the buying and selling environment and get advice and also give your opinions on topics.

4. Screener
   This function basically helps us to make the best choice with the indicators. It also filters the existing stocks to offer services to our liking. There are several different filters on Tradingview, some of which are Crypto Screeners, Forex Screeners, and Stock Screeners.

1. Cursor
   The cursor is one of the tools used when creating a trade chart view. It is at the forefront of all other tools. The main purpose of this tool is to move the diagram back and forth so that you can study the diagram in detail, and it also includes arrows, dots, and an eraser. So with this tool we can use the arrows and dots to set waypoints and notifications as we study the map and clean up these marks with the eraser when they are done.

2. Trendline
   This line provides a variety of line options that a user can display on a graph. Traders use this line to analyze market techniques. This line is used to mark the midpoint where a trader can maximize or maintain his investment. Helps traders mark those average points with trend lines for safe

Lets try adding the KDJ indicator. This paricular indicator allows traders to best know the time to exist or enter a market. The indicator consist of three major lines which include the K line, D line and J line.

These particular lines move in a special way that helps traders to know the next trend of assets, which helps reduce the risk of lost of a users assets.

Below are the steps to add the KDJ indicator

• Visit TradingView Chart and click on FX Indicator which can be found at the left top corner of the screen.

_{Screenshot from TradingView}

• Search KDJ Indicator and tap on it

_{Screenshot from TradingView}

• Return to your chart to see if the Indicator has really been added. You have successfully complete the addition of the KDJ indicator.

_{Screenshot from TradingView}

There are a number of benefits to using the Tradingview platform, including the

1. Tradingview platform, which allows the trader to know the data and information of any asset, be it crypto, forex, metals or stocks.

2. With the chart and indicator function, the trader can easily use them to detect the next price movement of any asset.

3. The Tradingview platform has built-in drawing tools that allow you to draw lines and patterns on any asset chart.

4. The platform has a watchlist function, here you can easily monitor your favorite assets.

Now i think i will stop here for the first mini crypto Part 1 while I proceed to the second part

Part 2

This second task talks about Psychology and market cycle. In the part 2 of mini crypto, we are going to to about FOMO and FUD and how they occur.

FOMO is an abbreviation of four words which means fear of missing out. FOMO is a term that tells the pressure you might feel if you don't take immediate and fast action on trading decisions.

The main idea behind this particular term is that any delay on a trader will cause him to miss an opportunity.

Take for an example, a coin that you cannot guarantee and has a fast raising in market value, you may get FOMO. The raising of the green line is enough to keep one on alert, and this forms a competition among traders to buy coins, which usually starts to get more and more expensive.

_{Screenshot from TradingView}

As showed in the picture above, FOMO began to happen when the green line started climbing. The market value of the specific currency in place continues to increase rapidly, which gives a fear of approving a great opportunity to traders who should not partake in putting together more resources in the specific currency.

FUD

FUD is also an abbreviation of Fear, Uncertainly and Doubt. FUD usually happens to most of the market users as you cannot be sure when the market price raises and fall.

This is usually a stage where there is fast falling in market prices. Usually with this, users are not certain as to the appropriate time the the market prices will go up to sell their assets.

This is usually due to impatience; as market prices falls and traders lose their money, as traders are scare of lost, they sell all their assets or some and intend some traders may lose a lot. Below is a diagram to explain FUD.

_{Screenshot from TradingView}

As showed in the the picture, FUD occurred when the red lights from the market chart starts declining. Whenever this happens, the market value of the specific currency starts to decrease thereby rising suspicious uncertainty of traders on whether to sell or keep their coins because they are scare that market prices might continue fall instead of raising. Which FUD, uses lost a lot of money in this particular cycle.

Part 3

In this exercise we will be talking about blockchain and how it works, the different types of blockchain, benefits and drawbacks of blockchain.

BLOCKCHAIN

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Blockchain is a database which stores encoded blocks of data and then link them together to form a chronological sequence of data with one source of truth. Digital assets are distributed, not copied or transferred, creating an unchanging record of the assets.
Assets are decentralized and provide full real-time access and transparency for the public. A transparent catalog of changes preserves the integrity of the documents, thus increasing confidence in assets.
The inherent security measures of blockchain and public ledger make it a key technology for almost every industry.
Blockchain is a promising and revolutionary technology as it helps reduce risk, eliminate fraud, and provide scalable transparency for countless applications.

We might be wondering how Blockchain works, I will explain that below.

A blockchain is formed by three fundamental concepts, that is blocks, nodes and miners.

BLOCKS

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With respect to Blocks, all informations are carefully stored in a data format and connected to each other. Each continuous block has the hash value of the previous block. If the next block contains a new information, the hash value automatically will change.

However, the previous block maintains its old hash value. All of these are stored and have strong data validity.

Each chain made up of blocks and each block has three elements:

• The block’s data.

• A 32-bit integer which is called called nonce. The nonce is produced randomly number when a block is been created, which then produce a block header hash.

• The hash is a 256-bit number that is attached to the nonce. It must always start with four number of zeros.

When a block in the chain is formed, the nonce generates a cryptographic hash. The data in the block is considered valid or signed and will always be bound to the nonce and hash unless it is mined

MINER

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