Crypto Expressions: Explainations
Altcoin:
Alternative coins, in other words, it means that it is the remaining cryptocurrencies. Note that Bitcoin and Ethereum are not Altcoins.
ATH (All time high):
All time high is the highest a cryptocurrency has come for the highest price it has ever had. Often you would know the opposite, which is All Time Low.
Block Chain:
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. It is constantly growing as 'finished' blocks (recent transactions) are recorded and added in chronological order. This allows market participants to control digital currency transactions without central registration. Each node (a computer connected to the network) receives a copy of blockchain, which is downloaded automatically. Originally, it was developed as the accounting method for the virtual currency Bitcoin, which are block chains - which uses so-called distributed ledger technology (DLT) - shown in a number of commercial applications today.
Currently, technology is primarily used to verify transactions in digital currencies. Although it is possible to digitize, code and paste almost any document in blockchain. This creates an indelible record that can not be changed; In addition, the reality of the mail can be verified by the whole community using blockchain instead of a single centralized authority.
Bottom Out:
The market is finding its bottom and suggests that there will be progress in the near future.
Bullish:
A market that is bullish is really just meant as the market has a curve that's on its way - while predicting it will continue for a while. The opposite would then be "Bearish", which means the market is down and will do it for a while.
Distributed Ledger:
Very briefly, it is the opposite of a centralized ledger. A distributed ledger is what you hear when talking about blockchain - which is a distributed ledger. All information, security and information is not governed by any person or bank. The entire blockchain helps to verify and verify what's needed, so it's called decentralization.
Exchanges:
Exchanges, in Danish it is better known as stock exchanges.
FOMO (Fear of Missing Out):
A feeling that you simply have to shop before it's too late. With other tables you are afraid that you can not get on the train before the prices are exploding.
FUD (Fear, Uncertainty and Doubt):
Fear, uncertainty and doubt. It can be said very short and simple. This is used to force people to either panic or panic purchases, depending on how well frightening campaigns work.
FIAT:
FIAT is really just the meaning of the countries' currencies, this could be Euro, USD or DKK.
HODL (Hold On for Dear Life):
This means holding "long term", which really just means that you really want to hold on to what you have for a long period of time. To sell in this period is therefore not applicable.
ICO (Initial Coin Offer):
An unregulated way of rearing funds for a new cryptocurrency in boot. An Initial Coin Offer (ICO) is used at start-up to circumvent the tight and regulated capital-generating process required by venture capitalists or banks. In an ICO campaign, a percentage of cryptocurrency is sold to early beneficiaries in exchange for a legitimate payment method or other cryptocurrencies, but usually to Bitcoin.
Limit:
When trading on stock exchanges, limit orders can be set, so you can decide which price you want to buy or sell and hope it falls or rises to the price you have set.
Mining:
Mining of bitcoin or other cryptocurrencies will in many ways be a distant topic for the general reader. It is a mathematical calculation that takes place using your GPU or your CPU. It's also the way to keep the blockchain going, because without miners there was no one to calculate this.
Moon:
Virtually anyone who knows Bitcoin or cryptocurrency, also knows the term moon. Here, you aim for an increase that is so large that it reaches all the way to the moon. You often use it if you think a cryptocurrency will reach the clouds and all the way to the moon. An example could be "Stratis will reach the moon".
Note:
In other words, node is a computer that is connected to the bitcoin network. The node verifies the transactions that come in and simultaneously stores a full copy of the blockchain. That way, it's always up-to-date.
Peer-to-Peer:
In short, they act that have been made between each other. Here you do not have the need for a bank or, for that matter, an intermediary. Many people prefer this type of trades to keep unauthorized guests outside.
Pump and dump:
This is something we sadly experience very often within the cryptoover. However, one should keep in mind that this also takes place in the stock market. Some people, mostly in groups, choose to say which cryptocurrencies to buy and thus provoke a price increase. Then the group sells profit and lets others who jump on the bun lose money.
Smart Contracts
This has become a known phenomenon because of Ethereum, which is especially good for this. However, one must keep in mind that this can also be done via. blockchain that belongs to bitcoin. Here, without human intervention, you can raise money for purposes where public resources can not stop the agreements.
Whales
A person with a lot of money or "deep pockets". Is able to influence the course on its own, due to his many "cryptocurrencies". This can have a major impact on the market price as a whole.
Great overview. Upvoted you! :) Keep up the good work @cryptoexpert0
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Thank you very much.
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