In 2019, cryptocurrency is more than just a niche financial category reserved for Bitcoin’s true believers. It’s an expansive investment ecosystem that includes everything from direct investment in digital currencies like Bitcoin to supporting crypto projects by investing in utility or other functional tokens.
So, to all newcomers, here are the backstory of the main terms and phrases you should know for now felling you left out( Feel free to add more)
I will try to keep it short.
Bearish In the context of the cryptocurrency industry, being bearish is being confident that a particular blockchain platform or cryptocurrency is going to sharply decrease in value
Bearish is the opposite to Bullish.
BullishIn the context of the cryptocurrency industry, being bullish is being confident that a particular blockchain platform or cryptocurrency is going to receive a sharp increase in value.
AltcoinAltcoin is a term that is used to describe cryptocurrencies other than bitcoin. A large proportion of altcoins are considered to be forks of bitcoin, with very limited and uninteresting changes. Despite this, many altcoins market themselves as being superior to bitcoin. The initial success of Bitcoin made it possible for all of the other cryptocurrencies to gain their own success.
MoonMooning is a word that is used to describe the behavior of moving in a totally listless and aimless manner.
In the cryptocurrency market, this term refers to an instant surge in the pricing of a particular cryptocurrency, in a positive light.
For example, if someone was to say that “bitcoin is mooning”, this means that the price of bitcoin had instantly surged for a certain period of time.
FomoFOMO refers to ‘fear of missing out.” In the investment sense and also in relation to this cryptocurrency, FOMO is a term which describes when bitcoin or an altcoin begins to see a large increase in value. Due to this sudden increase, less cautious investors begin to irrationally invest in the rising cryptocurrencies, without any examination of the current market situation.
MiningCryptocurrency mining is the action of adding transactional records to that cryptocurrency’s public ledger. This ledger of previous transactions is referred to as the blockchain. The blockchain’s purpose is to conform to the entire network that transactions have taken place.
StablecoinA stablecoin is a type of cryptocurrency that has been designed to diminish the effects of price volatility. They are generally used as value stores or units of accounts, they are also considered in situations where more volatile cryptocurrencies are not desirable.
WhaleA whale is a term attributed to individuals within the cryptocurrency community, who have very high net worth in powerful cryptocurrencies. This power allows them to sway the market in whichever direction is most suitable for them.
if you want more info, we made a full list of all the terms and explain widely about them
So here:
Crypto termsThat will be it, probably most of you familiar with it, but still, hope you will find it interesting
