Crypto Academy Week 11 Homework Post For @alphafx - Trading and Holding (Two Side of a Coin)

On this occasion I will try to answer questions from the homework given by professor @alphafx, as for this week's class related to holding and trading, so I'll answer one by one

1. Do you hold any coin? talk about the wallet type you prefer/would prefer holding in

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I am currently holding coins, the coins I hold are sbd which I got from this platform. Steemit is a mining area for several cryptocurrency coins such as steem and SBD. As for how to get steem by powering down steem power. So for now I only have SBD coins in my wallet.

I like to keep my SBD coins on bittrex. As explained by our professor's class, SBD is a hot wallet because it is connected to the internet. At Bittrex it also supports direct coin transactions that I have, namely SBD. In my opinion, this is one of the best wallets at the moment besides its popularity, bittrex is also one of the wallets that has very good security. The transaction fee at Bittrex is 0.25%. Another thing that I like is that the appearance on Bittrex is very simple and easy on the eyes, so it provides comfort for the users of this wallet.

2. With screenshoot, show how to perform spot trading on any pair of you choise

Ok i will try to share how to spot trading on bittrex. I will view them one by one from my screenshot

• First step, enter the bittrex account, then choose the coins in the market. for example SBD

• After entering the SBD market, you can choose to buy / sell as desired

• if you choose to buy, after that you fill in how many sbd you want to buy

• if you choose to sell, after that you fill in how many sbd you want to sell

3. Holding or Trading, which do you prefer and why ?

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Cryptocurrency coins often experience price fluctuations all the time, this is an investment opportunity for all who are familiar with cryptocurrency. There are many ways that investors look for profit. Some buy one cryptocurrency coin and then store it as a future asset, with the hope that the coin invested will experience an increase in price in the future. There are also those who take advantage of these price fluctuations for trading in the hope of getting big profits quickly.

I think for now I prefer holding, because holding is quite simple and doesn't take up a lot of thought and time, why is that? By holding, we only need to have patience and the right strategy to get profit. Holding is done over a long period of time, so all that needs to be prepared is capital and strategy in choosing what coins to invest and then waiting for the coin price to increase according to our plans and targets.

Unlike trading, of course, we will spend a lot of time in front of our computer screens to see and monitor the increase in the price of the coins we invest, this can be said to be quite complicated and complicated for beginners who are new to cryptocurrency. Making trades must have the expertise and mature strategy to predict when they should trade.

Investing in cryptocurrency in my opinion is an opportunity to get a big profit for now and in the future. In trading and holding, we must be good at making decisions when is the right time to trade and holding to seek profit by doing analysis and several considerations in order to produce the best decisions going forward.

That's All I can explain about trading and holding, I hope it's easy to understand.

CC: @alphafx
CC: @steemcurator02