Arrrrrrgggghhhhhh it's not easy keeping up with targets 😞😞😞😞. This is 01:03am(nigerian time), on a normal day I should be asleep by this time but hey no one forced me to this... It's a promise I kept to myself so I'll just see it out before I go to bed.
Okay, today's class started on a dull mood I can't lie. Dull mood in the sense that some that came yesterday failed to make it to today's class(i don't know the cause anyway). So like our normal routine, the moderator @annieben came up to the stage to make an introduction and welcome @Samwealth to the podium.
Sam came on to make basically the sumarry of yesterday's work.... the ICO's, airdrops and the rest. After the whole summary he further elaborated on the ICO and blockchain. It was now time to make way for our second speaker @ifioklee.
Iffy came up to talk on exchange sites(blocktrades,bitshares,binance etc). He further went ahead to talk on centralized exchange sites which are sites that request a customer's details before he can make a transaction e.g binance
And the Decentralized exchange sites which are sites that most likely wouldn't ask one for details before exchange can be made e.g Blocktrades.
He also went on to talk on things like
Limit order : which a user puts the price of the coin and waits for notifications since he might not always be on the trading site
Market price : Which is the price a customer is buying a particular coin at the moment
Stop limit : this helps to make automatic sales so you don't invite loss on a coin after purchase and many more!! It was now time for our last facilitator to speak @Samstickkz
Sam came with so many things, so many things that needs to be repeated and researched upon. He started off by explaining the limit order, market price and other things mentioned before just so we could be clear before he proceeded. Next on the menu was how to know a coin will grow or which coin to invest in.
"For any coin that's legit, it must have a video explaining the project, their team members must be trusted personnels and above all, the coin MUST SOLVE A REAL LIFE PROBLEM"
Now what's a real life problem?. A real life problem is what a coin can help you solve. Take for example steem which steemit and sbd built on it's blockchain, you can have a blog with steem, SMT, you can do videos with Steemit, the coin is acceptable to trade with other coins like etherium and the rest.
He went on to tell us not to focus only on bitcoin, ether, and the rest. There are other coins a minnow could get and start his crypto journey with. Coins like EOS and Neo really appreciated within months it came on board. You could use sites like icostats.com and bloctivity.info to monitor them.
He also went ahead to explain the resistance and support of a coin as shown in a coin graph(forgot the valid name attached to it). Saying the resistance is the lowest point is can fall for a phase while the later is the highest it could rise. Perfecting this art could help one trade better than just setting a stop limit
This and many more he said but for now my eyes are sore!! Goodnight till I come again with the summary for day 3.