Digital currency trading terms. The most important and prominent digital currency trading terms that traders should understand well before entering this world, and some of the most prominent of these terms are:
💥Your path to professionalism and success, every trader must memorize these terms ↙️↙️💫🚀💰
- *FOMO*: Fear Of Missing Out.
- *FUD*: Fear, Uncertainty, and Doubt.
- *HODL*: Hold On for Dear Life.
- *KYC*: Know Your Customer.
- *Bull Market*: A rising market.
- *Bear Market*: A declining market.
- *Altcoin*: A digital currency other than Bitcoin.
- *ATH*: All-Time High.
- *ATL*: All-Time Low.
- *Whale*: A person or entity that owns a large amount of digital currency.
- *Rugpull*: A scam carried out by new digital currency projects.
- *Arbitrage*: A trading strategy that takes advantage of price differences between different markets.
- *DeFi*: Decentralized Finance.
- *CeFi*: Centralized Finance.
- *TA*: Technical Analysis.
- *Memecoin*: A digital currency created as a joke.
- *P2P*: Peer-to-peer network.
- *POS*: Proof of Stake.
- *51% Attack*: An attack on the blockchain network.
- *Bear Trap*: A price pattern that occurs when the price of a digital currency suddenly drops.
- *Burn*: Reducing the available supply of a digital currency.
- *Hard Fork*: A radical change in the protocol of a blockchain network.
- *Pump*: A large and rapid increase in the price of a digital currency.
- *Pump and Dump*: A fraud strategy carried out by a group of traders.
- *Sharding*: A method for improving the scalability of a blockchain network.
- *Stablecoin*: A digital currency whose value is pegged to another, more stable asset.
- *Airdrop*: A free distribution or reward of a digital currency to existing or new users.
- *Damping*: The process of selling a large quantity of a digital currency at a low price.
- *ICO*: Initial Coin Offering.
- *IDO*: Initial Decentralized Exchange Offering.
- *IEO*: Initial Exchange Offering.
- *PoB*: Proof of Burn.
- *BTFD*: Buy the f***ing dip.
- *Halving*: An event that happens approximately every four years in the Bitcoin network.
- *Satoshi*: The smallest unit of Bitcoin.
- *Hash Rate*: A measure of the computing power used by a blockchain network.
- *Mining difficulty*: How difficult it is to solve a complex mathematical equation used to create a new block in the blockchain network.
- *Pizza*: The first transaction made using Bitcoin in the real world.
