READ NEW INSTRUCTIONS! | Steemit Crypto Academy Season 2 Week 3: Trading and Holding - Two Sides of a Coin.

gaby7491 (59)in SteemitCryptoAcademy • 3 years ago

With cryptocurrencies we must be very careful where to save them and what to do with them, because they are virtual currencies and if we make a wrong move we can leave our account vulnerable to computer attacks, and we must have knowledge of what to do and how to invest within any platform in which we are entering, so today I will make a clarification about the best wallet for my taste and about the procedures of holding, trading and performing cash operations within our Exchange. Thanks to the teacher @alphafx lecture and my own research.

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

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When we refer to cryptocurrencies, we refer to virtual currencies with market value, since being a currency we must need where to store them safely and privately and in a way that is easy to use, personally, the use that I make with cryptocurrencies is I do through steemit exchanging tokens through an exchange platform to have the steems that I generate from this platform, but if I made a decision later to save my future cryptocurrencies I would use the trust wallet, this wallet is simpler and easier to use than the many others that exist, especially for the security of the seed phrases and the security keys that they store, it also has the option of storing a series of cryptocurrencies to keep them in the wallet, what I like about this wallet is that it has a very easy to use mobile application that allows you to manage the cryptocurrencies you have and is compatible with most exchanges.

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

We go to the binance platform website and go to our spot wallet.

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Once inside, let's go to Steem trading - ETH

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Here, through the value of supply and demand, we can buy or sell the steems through ETH.

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Holding or trading, which do you prefer and why?

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According to what has been studied in his conference and the research that I have carried out, we must plan what we want as we face, to carry out holding it is necessary to know that the important thing is to have patience and a strong heart, because the market today is very Volatile and the most advisable thing to do holding is to invest with money that we do not use or that if we lose it we do not worry, since it will remain invested for a long time until we achieve our objective, this is where I can say that you have to invest in at least 5 cryptocurrencies to get more profit and more opportunity to win in the long term, due to this having to keep our own strategy in mind. For trading, the term with which we are in the market of our exchange house is shorter, because a point of rise or fall is traced and our investment is gaining little by little, from my point of view the best thing for me would be the holding company because I would use the money that I do not need and invest it in at least 5 cryptocurrencies duly analyzed for a correct investment.

End of task.

CC.:
@alphafx
@steemcurator01
@steemcurator02

#alphafx-s2week3 #holdingvstrading #cryptoacademy #steemexclusive #steemit