Module 3.0.0. Practical Session: How to Use the Survey Technique
The steps involved in using the Survey Technique to choose cryptos for hodling are:
Step 1: Click open the website coinmarketcap.com.
As discussed in Class 1 above, CoinMarketCap is the first Crypto Market aggregator. It displays by default settings all the cryptos in the market according to their market capitalisation, ranking them from the largest to the smallest. It may be a good idea to register with CoinMarketCap so that you can have full access to its website.
However, EdaFace Listing Platforms (https://listing.edaface.com/) is the newer version of a crypto aggregator with improved functionalities and easy navigation for both new and old users of the Crypto Market.
Step 2: Look for the first 20 cryptocurrencies with the largest market capitalisation.
The first 20 cryptos with the largest market capitalisation are the Top 20. Your choice of cryptos to invest in should be from among these Top 20.
Step 3: Select from among the Top 20.
From among these Top 20, choose the cryptos you want to buy. You may want to diversify your crypto portfolio by investing in more than one crypto.
Step 4: Check the exchanges where the cryptos are listed.
Open an account with the exchange, buy the crypto, and hodl it there. Remember, it is usually a good idea to have a cold wallet for additional security. See the lessons in Grade 4 of the Primary School of Cryptocurrencies.