🔑🔑🔰 Cryptocurrency Terms for Beginners: A Simple and Concise Guide - Part-2
When entering the cryptocurrency market, you will hear some words and phrases that are commonly used. Below are some common terms and brief explanations:
>> Private Key: This is the password for your crypto assets. Never share it with anyone.
>> Public Key: This is the address of your wallet, where others can send you crypto.
>> Altcoin: Any cryptocurrency other than Bitcoin is called an Altcoin (e.g., Ethereum, Solana).
>> Fiat Currency: Government-issued currency such as Yen, Pound, Dollar, Rupee, etc.
>> Bull Market: When the market is consistently rising.
>> Bear Market: When the market is going down for an extended period.
>> FOMO (Fear Of Missing Out): Investing with excessive risk due to the fear of missing out on profits.
>> FUD (Fear, Uncertainty, Doubt): News that spreads fear and uncertainty in the market, causing prices to drop.
>> Market Cap: The total value of a cryptocurrency. (Price × Total Supply)
Keep learning regularly. To be continued...