Crypto Academy Week 11 - Homework Post for @alphafx ||Trading and Holding - Two Sides of a Coin Submitted by @ayomide1110
Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in
Yes i hold a lot of coin, in multiply wallet. I use trust wallet because is among one of the must popularly used wallet and because of my past experience so I prefer using trust wallet. The thing I like about my wallet (trust wallet) is because it a wallet that allows it user to hold multiple coin even if their from different blockchain. Trust wallet hold more than 300 crypto currency so it a wallet choice for some one who need all his asset in one place. Trust wallet my preferred wallet to hold my coin, few coin a hold are safemoon, safemar, feg, bnb etc. most of the coin are hold are shitcoin liked it called.
With screenshots, show how to perform spot trading on any pair of your choice.
• First I login to my Hotbit account using my registered email and password
• Then at the homepage I click on "Market"
I then search for PIG/USDT on the trading pair, hotbit only allow trading pair with USDT because of it capacity you only trade coin with USDT, so any coin you want to swap would be converted to USDT first then you convert it to the coin you want. So after search for pig I click on it.
• Remember to select "Sell" since we are selling to USDT, enter the amount of pig am selling and then click on "Sell"
After clicking selling the order will be processing then after some time the trade will be completed.
They is no much difference between the buying and selling just that now that we are buying you would select "Buy"
• Enter the amount of BNB you want to buy and click on "Buy" that your order will be processed
Completed trade
Holding or trading, which do you prefer and why?
Well I would say I do both but I prefer to holding especially long time, like I started earlier hold a lot of shitcoin for feature value and potential, i do trade when I serious need another coin or fiat, so I sell trade the coin I have for USDT and get the one I don’t have or convert it to other coin like BNB and sell to vendors.
Another reason I love holding is because in a long run it as prove to be a profitable way of earning more in the crypto market, and if you start holding especial if you entered the coin market when I does not have much value and you hold for a long time you become a whale and also earn more than you initial investment depending on the period of time you hold that particular coin.
In conclusion holding as been and will continue being my best option and holding steem is also a good idea.
Thank for reading through,@alphafx here is my task hope it reach your expectation.
Thanks for participating