RE: Crypto Academy / Season 3 / Week 1 - Homework Post for @lenonmc21
Greetings @adenijiadeshina. Thank you very much for participating in my first class corresponding to season 3 (week 1), in the "SteemitCryptoAcademy".
RATING: 5
| Parameters | Rating |
|---|---|
| Presentation (Markdown Usage) | 0.1/2 |
| Content (Topic Mastery) | 1.6/2 |
| Quality of Analysis | 1.2/2 |
| Spelling and Grammar | 2/2 |
| Originality | 0.1/2 |
| Total | 5 |
Remarks:
Presentation: Regarding your presentation, you lacked a lot of details, you did not make an effort to present a quality entry. You did not make a cover image that represented your content. You did not justify the post to give it a better visualization. You did not use text separators to divide the questions of my assignment to give a better order and structure to it.
In question 1: You missed some details concerning "the function of trading and the relationship of this with cryptocurrencies" which, are based not only on making a profit through speculation (Buy and Sell), trading and the market can also be created by the need of people based on many factors that come into play, such as paying services (As you already commit), saving, protect against inflation etc, without the need to want to make a profit by the difference in prices.
In question 2: In the technical analysis I failed to detail, is that with it we can minimize the risk that exist in each operation, with respect to the entry and exit points chosen, which of course, are much more accurate thanks to all the elements that make up the graphs.
In the fundamental analysis, you did not share with me a clear example of an event or news that will directly affect the price of a currency, you also failed to highlight that this analysis is not only governed by the news and events, but also by the research and analysis of the state of the company or project involved.
In question3: You commented the step by step of how to buy cryptocurrencies with fiat money on Huobi, but you did not share any screenshot about the process, also, you did not take a screenshot regarding to the trading volume of the exchanges you chose.
My comments and/or Suggestions.
You had many deficiencies in your entry, certainly part of what you commented in your post in the answers to my assignment questions are true, I did not see your effort to highlight, also you missed important details that you did not take into account and lastly you must improve your presentation a lot to be able to have a higher grade.