There is a lot of jargon in crypto land, and it can be difficult to decipher at times. Use this helpful list to take advantage of the best cryptocurrency tips and avoid common crypto currency prices blunders that could bankrupt your trading account.
Altcoin
Altcoin is a combination of the words "alternative" and "coin," and it refers to any cryptocurrency other than the original, bitcoin.
Exchanges of cryptocurrencies
Coinbase, Binance, Gemini, and Bitstamp, for example, are similar to traditional stock exchanges in that they allow traders and investors to buy and sell cryptocurrencies. Unlike traditional stock exchanges, cryptocurrency exchanges are only available online and are open 24 hours a day, seven days a week.
Limits
Most exchanges do not impose limits or restrictions on the number of coin price trades that their users can conduct in a single day. On volatile trading days, when cryptocurrency prices are rapidly rising or falling, some brokers may temporarily suspend people depositing funds on their platforms.
Shorting cryptocurrency "Shorting" cryptocurrency pricing means betting on the price falling rather than rising.
Forks
A cryptocurrency fork is a split in a blockchain that results in the creation of two separate blockchains. This is sometimes, but not always, due to a disagreement among developers about how the blockchain should be structured. Bitcoin split into two blockchains in 2017: bitcoin and bitcoin cash.
ICO
An ICO is an initial coin offering, similar to an IPO or float in the world of stocks and shares. An ICO is a sale of new cryptos to investors for the first time.
Trading on margin
When platforms discuss margin trading, they are referring to investors borrowing money to increase their bet on a cryptocurrency. However, be cautious because margin trading can significantly amplify losses if a trade does not go your way.
Mining in the cloud
Individuals can "mine," or create, cryptocurrencies in order to compete for rewards in the form of newly minted cryptocurrency. Cloud mining pools resources and reduces mining costs by utilising remote data centres with shared processing power, such as those used to power Google software. Be extremely cautious, as many cloud mining companies are nothing more than scams. To mine the top cryptocurrencies, massive amounts of computing power are required. Anyone promising easy cloud mining rewards is most likely a charlatan.
There are bull markets and bear markets
These are terms borrowed from traditional stock exchanges. In a bull market, traders are confident in the prospects for a particular investment, so they will continue to buy and prices will rise; in a bear market, traders are nervous, and prices will generally fall.
Orders to sell
A sell order is an instruction given to a platform by traders to sell cryptocurrency they own when the price reaches a certain level. This is known as a "stop loss" in traditional markets.
Book of orders
An order book is a list of all traders on a specific cryptocurrency exchange or brokerage who want to buy or sell cryptocurrency at a specific price.
Know about the crypto lingo on the crypto exchange
There is a lot of jargon in crypto land, and it can be difficult to decipher at times. Use this helpful list to take advantage of the best cryptocurrency tips and avoid common crypto currency prices blunders that could bankrupt your trading account.
Altcoin
Altcoin is a combination of the words "alternative" and "coin," and it refers to any cryptocurrency other than the original, bitcoin.
Exchanges of cryptocurrencies
Coinbase, Binance, Gemini, and Bitstamp, for example, are similar to traditional stock exchanges in that they allow traders and investors to buy and sell cryptocurrencies. Unlike traditional stock exchanges, cryptocurrency exchanges are only available online and are open 24 hours a day, seven days a week.
Limits
Most exchanges do not impose limits or restrictions on the number of coin price trades that their users can conduct in a single day. On volatile trading days, when cryptocurrency prices are rapidly rising or falling, some brokers may temporarily suspend people depositing funds on their platforms.
Shorting cryptocurrency "Shorting" cryptocurrency means betting on the price falling rather than rising.
Forks
A cryptocurrency fork is a split in a blockchain that results in the creation of two separate blockchains. This is sometimes, but not always, due to a disagreement among developers about how the blockchain should be structured. Bitcoin split into two blockchains in 2017: bitcoin and bitcoin cash.
ICO
An ICO is an initial coin offering, similar to an IPO or float in the world of stocks and shares. An ICO is a sale of new cryptos to investors for the first time.
Trading on margin
When platforms discuss margin trading, they are referring to investors borrowing money to increase their bet on a cryptocurrency. However, be cautious because margin trading can significantly amplify losses if a trade does not go your way.
Mining in the cloud
Individuals can "mine," or create, cryptocurrencies in order to compete for rewards in the form of newly minted cryptocurrency. Cloud mining pools resources and reduces mining costs by utilising remote data centres with shared processing power, such as those used to power Google software. Be extremely cautious, as many cloud mining companies are nothing more than scams. To mine the top cryptocurrencies, massive amounts of computing power are required. Anyone promising easy cloud mining rewards is most likely a charlatan.
There are bull markets and bear markets
These are terms borrowed from traditional stock exchanges. In a bull market, traders are confident in the prospects for a particular investment, so they will continue to buy and prices will rise; in a bear market, traders are nervous, and prices will generally fall.
Orders to sell
A sell order is an instruction given to a platform by traders to sell cryptocurrency they own when the price reaches a certain level. This is known as a "stop loss" in traditional markets.
Book of orders
An order book is a list of all traders on a specific cryptocurrency exchange or brokerage who want to buy or sell cryptocurrency at a specific price.
Know about the crypto lingo on the crypto exchange
There is a lot of jargon in crypto land, and it can be difficult to decipher at times. Use this helpful list to take advantage of the best cryptocurrency tips and avoid common crypto currency prices blunders that could bankrupt your trading account.
Altcoin
Altcoin is a combination of the words "alternative" and "coin," and it refers to any cryptocurrency other than the original, bitcoin.
Exchanges of cryptocurrencies
Coinbase, Binance, Gemini, and Bitstamp, for example, are similar to traditional stock exchanges in that they allow traders and investors to buy and sell cryptocurrencies. Unlike traditional stock exchanges, cryptocurrency exchanges are only available online and are open 24 hours a day, seven days a week.
Limits
Most exchanges do not impose limits or restrictions on the number of coin price trades that their users can conduct in a single day. On volatile trading days, when cryptocurrency prices are rapidly rising or falling, some brokers may temporarily suspend people depositing funds on their platforms.
Shorting cryptocurrency "Shorting" cryptocurrency means betting on the price falling rather than rising.
Forks
A cryptocurrency fork is a split in a blockchain that results in the creation of two separate blockchains. This is sometimes, but not always, due to a disagreement among developers about how the blockchain should be structured. Bitcoin split into two blockchains in 2017: bitcoin and bitcoin cash.
ICO
An ICO is an initial coin offering, similar to an IPO or float in the world of stocks and shares. An ICO is a sale of new cryptos to investors for the first time.
Trading on margin
When platforms discuss margin trading, they are referring to investors borrowing money to increase their bet on a cryptocurrency. However, be cautious because margin trading can significantly amplify losses if a trade does not go your way.
Mining in the cloud
Individuals can "mine," or create, cryptocurrencies in order to compete for rewards in the form of newly minted cryptocurrency. Cloud mining pools resources and reduces mining costs by utilising remote data centres with shared processing power, such as those used to power Google software. Be extremely cautious, as many cloud mining companies are nothing more than scams. To mine the top cryptocurrencies, massive amounts of computing power are required. Anyone promising easy cloud mining rewards is most likely a charlatan.
There are bull markets and bear markets
These are terms borrowed from traditional stock exchanges. In a bull market, traders are confident in the prospects for a particular investment, so they will continue to buy and prices will rise; in a bear market, traders are nervous, and prices will generally fall.
Orders to sell
A sell order is an instruction given to a platform by traders to sell cryptocurrency they own when the price reaches a certain level. This is known as a "stop loss" in traditional markets.
Book of orders
An order book is a list of all traders on a specific cryptocurrency exchange or brokerage who want to buy or sell cryptocurrency at a specific price.
Know about the crypto lingo on the crypto exchange
There is a lot of jargon in crypto land, and it can be difficult to decipher at times. Use this helpful list to take advantage of the best cryptocurrency tips and avoid common crypto currency prices blunders that could bankrupt your trading account.
Altcoin
Altcoin is a combination of the words "alternative" and "coin," and it refers to any cryptocurrency other than the original, bitcoin.
Exchanges of cryptocurrencies
Coinbase, Binance, Gemini, and Bitstamp, for example, are similar to traditional stock exchanges in that they allow traders and investors to buy and sell cryptocurrencies. Unlike traditional stock exchanges, cryptocurrency exchanges are only available online and are open 24 hours a day, seven days a week.
Limits
Most exchanges do not impose limits or restrictions on the number of coin price trades that their users can conduct in a single day. On volatile trading days, when cryptocurrency prices are rapidly rising or falling, some brokers may temporarily suspend people depositing funds on their platforms.
Shorting cryptocurrency "Shorting" cryptocurrency means betting on the price falling rather than rising.
Forks
A cryptocurrency fork is a split in a blockchain that results in the creation of two separate blockchains. This is sometimes, but not always, due to a disagreement among developers about how the blockchain should be structured. Bitcoin split into two blockchains in 2017: bitcoin and bitcoin cash.
ICO
An ICO is an initial coin offering, similar to an IPO or float in the world of stocks and shares. An ICO is a sale of new cryptos to investors for the first time.
Trading on margin
When platforms discuss margin trading, they are referring to investors borrowing money to increase their bet on a cryptocurrency. However, be cautious because margin trading can significantly amplify losses if a trade does not go your way.
Mining in the cloud
Individuals can "mine," or create, cryptocurrencies in order to compete for rewards in the form of newly minted cryptocurrency. Cloud mining pools resources and reduces mining costs by utilising remote data centres with shared processing power, such as those used to power Google software. Be extremely cautious, as many cloud mining companies are nothing more than scams. To mine the top cryptocurrencies, massive amounts of computing power are required. Anyone promising easy cloud mining rewards is most likely a charlatan.
There are bull markets and bear markets
These are terms borrowed from traditional stock exchanges. In a bull market, traders are confident in the prospects for a particular investment, so they will continue to buy and prices will rise; in a bear market, traders are nervous, and prices will generally fall.
Orders to sell
A sell order is an instruction given to a platform by traders to sell cryptocurrency they own when the price reaches a certain level. This is known as a "stop loss" in traditional markets.
Book of orders
An order book is a list of all traders on a specific cryptocurrency exchange or brokerage who want to buy or sell cryptocurrency at a specific price.