It’s represented by the ticker symbol (BCH) and should not be confused with Bitcoin (BTC). Unlike Bitcoin, Bitcoin Cash is a transactional coin that is meant to be spent. Bitcoin Cash (BCH)Ī crypto asset that was designed to address Bitcoin’s scalability issues and be easier to use as a medium of exchange. It’s the most popular crypto asset and is represented by the ticker symbol “BTC”. Bitcoin (BTC)īitcoin is the first-ever crypto asset, created in 2009 by its mysterious pseudonymous inventor, Satoshi Nakatomo. It is called a bear market because the paws of a bear swat downwards, indicating the direction that asset prices are heading. It’s often the result of economic decline and is characterized by low investor confidence. Bear MarketĪ bear market occurs when a market has lost 20% or more of its value when compared to high points from previous months. This term has a negative connotation as “holding the bag” refers to the feeling of being left behind still holding a coin after its price has dropped significantly. Bag HolderĪ bag holder is any investor that keeps large amounts of a specific crypto despite the coin’s performance. For example, a “heavy bag” refers to an extremely large holding of one type of crypto. It’s generally used as slang to refer to one’s crypto position in a particular coin. In crypto terms, a bag refers to any tokens or coins an individual is holding in their portfolio. For example, Bitcoin mining is typically done using ASICs since only such specialized hardware is efficient enough to have a chance at finding the next Bitcoin block. Application Specific Integrated Circuit (ASIC)Ī computer that is specifically designed to solve mathematical problems associated with Proof of Work blockchains. Examples include: Litecoin, Cardano, and Dogecoin. However, besides Bitcoin and Ethereum, it is generally accepted that all other coins are altcoins. ![]() There is still debate in the crypto community as to whether Ethereum should be considered an altcoin. AltcoinĪltcoin, short for “alternative coin”, refers to any other crypto asset that is not Bitcoin, and possibly Ethereum. It is the opposite of a crypto’s All-Time High (ATH). The All-Time Low, sometimes abbreviated to “ATL” is the lowest price point a specific crypto asset has ever reached since it launched. Generally, the ATH is the greatest price a trader has ever paid for the asset, and is very often a significant moment in a crypto project’s history. All-Time High (ATH)Īn All-Time High, sometimes abbreviated to just “ATH” is the highest price point that a particular crypto asset has ever reached in its history. It’s typically used as a marketing tactic to increase engagement on a particular platform or incentivize people to hold a certain token so that the token holder can be eligible for future airdrops of tokens from other projects. AirdropĪn “airdrop” occurs when a crypto project sends some of its tokens, free of charge, to a certain list of eligible crypto addresses. Crypto addresses specify a wallet’s unique location on a blockchain. Like the name implies, the simplest way to think about crypto addresses is think of them much like email addresses or physical addresses. ![]() Known as a wallet address or crypto address, this term refers to a string of numbers and letters that represents a location where you can send and receive crypto. Use the table of contents to navigate this guide or just scroll through and read to absorb the crypto knowledge. If you’re ready to dive into the world of crypto, you’ll want to have some background on common cryptocurrency terms. Feel free to bookmark this page so you can reference this glossary as you start to buy and sell crypto on your own. If you’ve ever been confused by crypto terms in the news or didn’t quite understand the latest viral cryptocurrency meme, we’ve got your knowledge gaps covered.įrom altcoins to yield farming, we’ve compiled the ultimate cryptocurrency glossary with all the terms you need to know. Cryptocurrency represents the rise of the digital economy, and with this new age comes a new financial lexicon.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |