READ NEW INSTRUCTIONS! | Steemit Crypto Academy Season 2 Week 3: Trading and Holding - Two Sides of a Coin
Hello my Steemit people, today I'm stopping by to submit my homework from Professor @alphafx's class, thank you for this excellent class and I hope I can meet the objectives set.
1. Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in
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The truth is that I currently do not have coins that I could talk about, only the official STEEM coin and those of TRON TRX, but if I would like in the future to have in a purse coins like BTC, ETH, EOS, DASH, DOGE, so far are the coins that I have heard the most among the same users, I must investigate a little more about and see how feasible it would be as an investment to bet on other cryptocurrencies, in STEEM I have learned that this digital economy is the new era. So we must have the right knowledge so that it does not catch us unprepared, I am an older person who must think about his old age and how to have real savings to use in times of crisis.
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I recently opened an account on Binance and I made a STEEM transfer to make my first transaction and thus gradually learn more about the different wallets and cryptocurrencies. So I can go saving in STEEM to exchange for BTC, it would be one of my first purchases. But I know that I must leave STEEM to make Power Up.
2. With screenshots, show how to perform spot trading on any pair of your choice.
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Here's how I made my first transfer from my Steemit wallet to my Binance wallet of 1 STEEM. First I searched Binance for the STEEM coin and clicked "Deposit".
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Now all I had to do was click on OK.
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Then I was to go to my Steemit wallet and make my transfer to my new Binance wallet of 1 STEEM.
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And that's it, I have my first transfer between two wallets ready.
3. Holding or trading, which do you prefer and why?
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At the moment I can say that I am a novice in the world of cryptocurrencies, even so with CryptoAcademy courses I have learned much more about trading and I can say that I still have a long way to go to get to make a professional trading, I think it is wonderful to guess the future of cryptocurrencies and to get rewards thanks to your strategic moves, I'm just taking the first steps in the Holding, so I can say that I consider myself a Holding but beginner level, I'm doing small tests with small amounts, and go saving and see how they grow in a period of six months and then play with those same coins in the world of trading.
Conclusión
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Of course I think it is vital to know and learn much more about Holding and trading, I think everyone should know about these issues, because it is already being handled as a possible form of economy that has already been working great, and is a way to compensate for the high inflation that exist in many countries, such as my country Venezuela that has been suffering a lot because of this economic crisis. I definitely think it is a very accessible solution for you to have other ways to save and survive in this technological world.
Scoring