BTC / USD
32,365.61
0.58%
(+185.08)
ETH / USD
1,908.95
0.86%
(-16.5)
XRP / USD
0.58
11.89%
(-0.08)
LTC / USD
119.57
9.01%
(-11.84)
EOS / USD
3.42
9.12%
(-0.34)
BCH / USD
441.61
6.78%
(-32.11)
ADA / USD
1.22
3.4%
(-0.04)
XLM / USD
0.24
7.3%
(-0.02)
NEO / USD
30.71
14.61%
(-5.25)
XEM / USD
0.10
16.74%
(-0.02)
DASH / USD
118.47
9.04%
(-11.78)
USDT / USD
1.00
0.1%
(0)
BNB / USD
266.62
9.47%
(-27.88)
QTUM / USD
5.18
13.53%
(-0.81)
XVG / USD
0.02
11.49%
(-0)
ONT / USD
0.59
13.4%
(-0.09)
ZEC / USD
101.10
4.59%
(-4.86)
STEEM / USD
0.21
19.64%
(-0.05)

COMMON TERMS IN CRYPTOCURRENCY FIELD

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There are many types of  common words in the cryptocurrency field. which are mandatory for us to learn and understand.

COMMON TERMS

IN CRYPTO WORLD

So if you want to be expert or at least a ideal user in this field of Bitcoin and cryptocurrency then we suggests you to learn these terms below and share with your another friends who are involved in this field but don’t know about it much.

Blockchain

This is a technology at which the whole algorithm of a coin runs. So we can say it a software with connects the coin and the supporting hardware to move the coins from one wallet to another wallet. To know more about blockchain click here .

Bitcoin

This is a coin whose data which is based on blockchain technology. Bitcoin entered in the internet world in January 2009.

But the technology at which it is based was invested before  2009. 

The founder of bitcoin is a anonymous person whose name is Satoshi Nakamoto. to know more about bitcoin in detailed explaination click here.

Mining 

Mining is a process to support the blockchain network of a coin by sharing power of multiple gpu, CPU, hardware of miner through internet connection.

Cryptocurrency 

The coins data which are based on blockchain technology are known are cryptocurrency.

Bitcoin is also a cryptocurrency.

Hash power 

Power of a mining hardware to solve the problems of blockchain algorithm . So HASH POWER is power of your computing system that is working for the computation or solving the problem of Blockchain algorithm during the transaction.

Mining hardware 

Specially designed hardware to support the network of blockchain through mining pool.

Mining pool

This is a platform which works as middle man for blockchain network and miners to work perfectly. To know more about the mining pool and mining pool system click here.

Portfolio 

The total estimated value of all of your assets in crypto is known as portfolio .

HODL

Actually this is hold, but people in this field of cryptocurrency created their own word Hodl. 

Hodl means is, hold your crypto until you enter into profit zone.

FOMO

Fear of missing out. When the market of Bitcoin or any another coin that you hold, will go up then in that scenario you will get into fear that if you will sell your coin for small profit then surely there are chances that you will loss the opportunity to make a very high profit.

FUD 

Usually a fake news that can crash the market without any reason. 

Whale 

The big players in the field of cryptocurrency who can manipulate the market of coins. Alternatively we can say these are those people who are very reach in this field of cryptocurrency.

ATH

Full form of ATH is  All time high. That means when the price of a coin touches the highest price in the whole life.

Bag holders 

Those people who bought coins at high price or even less price and now they are not able to sell their coin with profit.

We can say these are those people who lost opportunity to sell their coins at perfect time.

Pump & Dump

Very high increase and decrease in  price of the coin is known as pump and dump respectively. PUMP and DUMP can be event of natural trading fear or may be diplomacy by some people or by individual.

Trading 

Buy sell of the coins with another coins to make profit. To know more about trading and earning ideas click here.

Short term and long term 

These are  types of trader, who hold his coin for long or short time.

Usually In DAY TRADING, a trader buy coin or token for one or two day and then sell, no matter whether he got profit or not .

But in LONG TERM TRADING, a trader may hold his coin for one to two year or more until he will get profit.

Buy- sell wall 

Orders of a coin to buy and sell at trading exchange. In actual wall is considered as the amount of money that is placed for the buy and sell of the coin in advance.

Higher the amount of buying order amount , stronger will be this wall. And opposite of this if sell orders are very high then weaker will be the wall.

Marketcap 

Total buy and sell turn over of a coin market .

ICO & IEO

Initial coin offering and initial exchange offering. These are two method to launch the coin. Second one is more trusted. It is a way to sell the coin’s token before the launch of the coin.

Before to get into the field of investment of the ICO AND IEOs projects , read the article about ICOs and IEOs by click here.

Airdrop 

Giveaway of the new coins token free of cost. It is a part of promotion of new coin before the launch ( part of ICOs project )

Bounty 

Signature campaign program to promote the coin at social media and earn token.

Moon 

Expecting for a coin to go very high price in future. So people says soon moon .

BTFD 

Full form of BTFD is buy the fu**ig ( abusive type word) dip. It means buy coins at low price.

TestNet & Main net

TestNet is trial Blockchain network to check the error and vulnerability of coding . And mainnet is main network at which coin actually run for use . To know more about Testnet and Mainnet network clcik the link below.

Hype

A thing about which whole market is discussing and making it more popular no matter whether that thing is reliable or not .


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  1. […] COMMON TERMS IN CRYPTOCURRENCY FIELD […]

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