📚🔑 Crypto Glossary: Learn the language of the market! 🔑📚
If you are new to the world of cryptocurrencies or want to refine your knowledge, here are some of the most used terms in the crypto ecosystem and their meanings. 🚀💡
🪙 Main Terms:
1️⃣ Blockchain:
A chain of blocks that functions as a public and unchangeable record where all transactions are stored.
2️⃣ Token:
A digital unit that represents an asset within a blockchain. Not all cryptocurrencies are tokens, but all tokens are crypto assets.
3️⃣ Wallet:
An application or device where you can securely store, send, and receive your cryptocurrencies.
4️⃣ Exchange:
A platform where you can buy, sell, and trade cryptocurrencies. Example: Binance.
5️⃣ Trading:
The activity of buying and selling cryptocurrencies with the aim of making a profit from price differences.
6️⃣ HODL:
A humorous term that means “hold” your cryptos long-term, even during times of high volatility.
7️⃣ FOMO (Fear of Missing Out):
The fear of missing out on an investment opportunity, which often leads to hasty decisions.
8️⃣ FUD (Fear, Uncertainty, and Doubt):
A strategy or environment of fear, uncertainty, and doubt that can drive prices down in the market.
9️⃣ ATH (All Time High):
The highest price that a cryptocurrency has reached in its entire history.
🔟 Bear Market / Bull Market:
• Bear Market: A bearish market, where price declines prevail.
• Bull Market: A bullish market, where price increases prevail.
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