Some key terminologies a newbie should know in the cryptocurrency space:(Whale)
An individual or organization that holds a large amount of cryptocurrency, capable of significantly influencing the market. Example: Large holders of Bitcoin or Ethereum.
A stop loss is an order you place with your broker to sell a stock when it reaches a certain price. It's designed to limit your potential loss on a trade. For example, if you buy a stock at $30 and set a stop-loss order at $28, your stock will be sold if the price drops to $28. see the picture below @Binance Square Official @Binance Announcement @Binance Academy #StopLossStrategies $BTC
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* A stop loss is an order you place with your broker to sell a stock when it reaches a certain price. It's designed to limit your potential loss on a trade. For example, if you buy a stock at $30 and set a stop-loss order at $28, your stock will be sold if the price drops to $28. see the picture below
* U.S. President Donald Trump said U.S. Federal Reserve Chair Jerome Powell’s termination from his position can’t come quickly enough, arguing that the central bank should have lowered interest rates already this year, and in any case should do so now.
Trump, derisively nicknaming the Fed chairman he nominated in his first term as “Too Late,” wrote in a post on his Truth Social platform Thursday morning that “Powell’s termination cannot come fast enough!” @Binance Square Official @Binance Announcement @Binance Academy
* U.S. President Donald Trump said U.S. Federal Reserve Chair Jerome Powell’s termination from his position can’t come quickly enough, arguing that the central bank should have lowered interest rates already this year, and in any case should do so now.
Trump, derisively nicknaming the Fed chairman he nominated in his first term as “Too Late,” wrote in a post on his Truth Social platform Thursday morning that “Powell’s termination cannot come fast enough!” @Binance Square Official @Binance Announcement @Binance Academy
Liquidity refers to the ease with which a coin/token/security can be bought or sold without significantly affecting its price. High liquidity assets are easily tradable with minimal price impact, while low liquidity assets may experience significant price fluctuations. @Binance Academy @Binance Announcement @Binance Square Official
FUD is a marketing and communications term that stands for 'fear, uncertainty, and doubt'. It is a psychological tactic to influence people towards having a negative perception of something - such as a product, market, or brand - generally through spreading misinformation or inciting tear. In crypto, FUD usually falls into two categories: The deliberate attempt to stoke widespread fear, uncertainty, and doubt about a particular project to manipulate prices downward. General scepticism about crypto as an asset class that can result in the spreading of exaggerated negativity or 'fake news' on the topic. FUD, whether deliberate or not, can affect the market value of a coin, a company, or a project - and even an entire market. It can be thought of as the opposite of FOMO. When markets are rising, individuals may give into feelings of FOMO; when markets are cooling, FUD can spread more easily.
1/An option is out-of-the-money if it would result in a loss if exercised immediately. For call options, the strike price is above the current market price of the underlying asset. For put options, the strike price is below the current market price.
2/An option is in-the-money if it would result in a profit if exercised immediately. For call options, the strike price is below the current market price of the underlying asset. For put options, the strike price is above the current market price.
* Some key terminologies a newbie should know in the cryptocurrency space:(Private Key)(Wallet):
1/A secret number that allows cryptocurrencies to be accessed and sent. It must be kept confidential as anyone with the private key can access the funds. Example: A string of letters and numbers (e.g., 5J3mBbAH58Cer2Qz5m8PFPj4ofQ6Tv...)
2/A digital tool that allows users to store and manage their cryptocurrencies. Wallets can be software-based (hot wallets) or hardware-based (cold wallets). Example: MetaMask (software), Ledger Nano S (hardware).
Short for 'fear of missing out, in crypto, FOMO refers to a trader's or investor's fear they may be missing out on a potentially lucrative opportunity. It has been seen as a major driving force behind the rapid rise and fall of Bitcoin's price in 2017. This fear can drive individuals to act impulsively and make investment decisions based on emotion, rather than logic and reasoning. FOMO can strongly impact cryptocurrency prices and cause major volatility in crypto markets. It can also lead investors to incur far greater financial losses.