Title: Tools and Terms for Beginners in Crypto Trading Post by: SergiuDemerji on March 15, 2018, 02:35:29 PM In this article I included all the trading information that a beginner needs to know to be successful
Glossary of Terms Altcoin - abbreviation of alternative coin, or all projects that exist and cryptocurrencie afferent except Bitcoin AML - Anti-Money Laundering. Money laundering laws ATH - All Time High Bearish - a downward trend BFX, Finex - the BitFinex exchange Bullish - an upward trend CB - Coinbase exchange C & H - Cup and Handle Chart Pattern Core wallet - a wallet that contains the whole blockchain Circulation supply - the total number of coins in circulation Dapps - comes from a decentralized application, blockchain applications DCA - Dollar Cost Averaging Electrum wallet - a light wallet that does not require the blockchain to download but which takes its information from a third party Fiat - money of no intrinsic value that is issued and governed by a government. Examples: $, £, ¥, € Fib - fibonacci retracement FOMO - Fear Of Missing Out. When Bitcoin or another coin grows very loud in a short period of time and investors act reasonably, you are emotionally involved for fear of losing the "boat" FUD-Fear, Uncertainty & Doubt H & S - Head and Shoulders chart pattern Halving / halvening - reducing reward for miners. The BTC happens once every 4 years. Hoobi - the Huobi exchange HODL / HOLD - jargou for a trader who invests long-term. Acronym used in comments: Hold On Despite Loss ICO - Initial Coin Offering. A crowd that offers the opportunity to buy a digital bank for a new blockchain project KYC - Know Your Customer Long - buying a coin with the expectation that it will increase in value Market cap: currency price X currencies in circulation Max Supply - the maximum number of coins that will exist Miner - device validating blockchain transactions Mining reward - the reward a miner receives for the computational power it provides to check the blocks in the blockchain Mnemonic Phrase - a fancy version of the private key OKC - the OKCoin exchange P & D - Pump and Dump P / L, P & L, PNL - Profit and Loss Polo - Polo Exchange Public key - public key in the crypto currency jargge means wallet Private key - the key used to access a wallet Rekt - wrecked. Loss of a trade Satoshi - the smallest part of a bitcoin. 1 Satoshi = 0.00000001 ฿ .. Short - selling at margins Stamp - the BitStamp exchange Stop - stop loss order TA - Technical Analysis Whale - a single entity (investor or institution) that sells (bearwhale) or buy (bullwhale) very large amounts Market Tools and Data TradingView- https://www.tradingview.com Cryptowatch- https://cryptowat.ch/ BitcoinWisdom- https://bitcoinwisdom.com/ CoinAlyze- https://coinalyze.net/ Bitcoin Analytics- http://bitcoin-analytics.com/ Cryptocurrency Market Capitalizations CoinMarketCap- https://coinmarketcap.com/ CoinGecko- https://www.coingecko.com Live Coin Watch- https://www.livecoinwatch.com/ Coincap- https://coincap.io/ Coin.live- https://www.coin.live/ Exchanges Binance- https://www.binance.com/?ref=19792322 Bittrex- https://bittrex.com/ Bitstamp ($, €)- https://www.bitstamp.net Cex.io ($, €)- https://cex.io/ Coinbase ($)- https://www.coinbase.com HitBTC ($, €)- https://hitbtc.com/ Kraken ($, €)- https://www.kraken.com LocalBitcoins- https://localbitcoins.com Poloniex- https://poloniex.com/ KUcoin- https://www.kucoin.com/ News CoinDesk- https://www.coindesk.com/ Bitcoin Magazine- https://bitcoinmagazine.com The Merkle- https://themerkle.com CryptoCoinNews- https://www.ccn.com Cointelegraph- https://cointelegraph.com/ Bitnewstoday- https://bitnewstoday.com Portfolio Tracker AltPocket (Web)- https://altpocket.io Blockfolio (App)- https://www.blockfolio.com CoinCap (App)- https://coincap.io Drakdoo (App)- https://www.drakdoo.com CoinTracking (Web & App)- https://cointracking.info Wallets Desktop (Windows, Linux, OSX): Electrum (BTC) Litecoin (LTC) Bitcoin.com (BTC, BCH) Stargazer (XLM) NEO (NEO) Lisk Nano (LSK) Sia-UI (SC) ArkEcosystem (ARK) Monero (XMR) NEM (NEM) Stellar (XLM) IOTA (MIOTA) Stratis (STRAT) Online: Blockchain.info (BTC, BCH, ETH) MyEtherWallet (ETH, ETC, ERC20 tokens) LiteVault (LTC) Ark Lite WALLET (ARK) ClassicEtherWallet (ETC) Hardware: Ledger Nano S Trezor KeepKey I hope this information is helpful. Do not forget the trading is risky, To buy a cryptocurrency DO RESEARCH. Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: wandino on March 15, 2018, 03:05:54 PM Pretty cool but generic list.
Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: keyscore44 on March 15, 2018, 03:46:20 PM Interesting list but it is just part of services. To be honest it is probably impossible to make up to date list like this, because everyday something is changing on crypto market.
About desktop wallets - Almost all coins have own desktop wallets, just some of them are multi wallets that can store few different coins. For tokens are online wallets (For ERC20 - MyEtherWallet) that can be secured with hardware (Trezor or Ledger) Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: darkangel11 on March 15, 2018, 10:26:12 PM I think you should correct the following
And that secret thing used to access the wallet is the password. ;) Also, Quote Miner - device validating blockchain transactions It's also a person who mines cryptocurrency. Quote Mnemonic Phrase - a fancy version of the private key Not that fancy, it's being used by most wallets nowadays as the "seed". Quote Polo - Polo Exchange Poloniex exchange.I don't see this list as a piece of information for newbies. If I were a newbie, I wouldn't understand most of these terms. You did a good job by trying to explain abbreviations, but most of these terms are still too complicated for beginners. For instance you explained Quote Long - buying a coin with the expectation that it will increase in value which is nice, but then you followed with Quote Short - selling at margins Instead of saying that it's selling in hope that it will decrease in value, which is more newbie friendly. Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: SergiuDemerji on March 16, 2018, 07:10:00 PM I think you should correct the following
And that secret thing used to access the wallet is the password. ;) Also, Quote Miner - device validating blockchain transactions It's also a person who mines cryptocurrency. Quote Mnemonic Phrase - a fancy version of the private key Not that fancy, it's being used by most wallets nowadays as the "seed". Quote Polo - Polo Exchange Poloniex exchange.I don't see this list as a piece of information for newbies. If I were a newbie, I wouldn't understand most of these terms. You did a good job by trying to explain abbreviations, but most of these terms are still too complicated for beginners. For instance you explained Quote Long - buying a coin with the expectation that it will increase in value which is nice, but then you followed with Quote Short - selling at margins Instead of saying that it's selling in hope that it will decrease in value, which is more newbie friendly. Thnak you for advice . at least someone is reading:) I will change when i will be in front of computer . Sorry for mistakes english it`s not my native language and when i write a post i`m using different tools to write correctly . Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: aloofloofah on May 03, 2018, 05:35:28 PM I think you should correct the following
And that secret thing used to access the wallet is the password. ;) Also, Quote Miner - device validating blockchain transactions It's also a person who mines cryptocurrency. Quote Mnemonic Phrase - a fancy version of the private key Not that fancy, it's being used by most wallets nowadays as the "seed". Quote Polo - Polo Exchange Poloniex exchange.I don't see this list as a piece of information for newbies. If I were a newbie, I wouldn't understand most of these terms. You did a good job by trying to explain abbreviations, but most of these terms are still too complicated for beginners. For instance you explained Quote Long - buying a coin with the expectation that it will increase in value which is nice, but then you followed with Quote Short - selling at margins Instead of saying that it's selling in hope that it will decrease in value, which is more newbie friendly. Thnak you for advice . at least someone is reading:) I will change when i will be in front of computer . Sorry for mistakes english it`s not my native language and when i write a post i`m using different tools to write correctly . Yes, very hard when english is not native as the cryptoworld is mainly english speaking language. Title: Re: Tools and Terms for Beginners in Crypto Trading Post by: karl.laue on June 25, 2018, 08:26:44 PM I'm using ai prediction of cryptics, it's really newbie friendly, check this out;)
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