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Glossary of Terms

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by Elif, Jun 26, 2018.

  1. Elif
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    Elif New Contributor

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    Altcoin – a cryptocurrency that acts as an alternative to Bitcoin.

    Bagholding – when you hold onto a cryptocurrency that continues to decrease in value until it becomes worthless.

    Bearish – characterized by falling market price.

    Blockchain – the public, decentralized ledger in a cryptocurrency network that records all transactions of that cryptocurrency.

    Breakout – when market price moves passed a predefined support or resistance level.

    Bullish – characterized by rising market price.

    Buy Wall – a huge buy order that prevents market price from going down until that entire buy order is complete.

    Buying Pressure – occurs when the majority of traders are buying, indicating that the majority think the market price will increase.

    Circulating Supply – the number of coins that are circulating in the market and available for spending or trading.

    Commodity Money – a currency whose value comes from the commodity from which it is made.

    Cryptography – the study and practice of secret communication.

    Cryptocurrency – digital currencies that utilize encryption and cryptography to control the generation of new units of currency as well as secure and verify transactions of that currency.

    Double-spending – the risk that digital currency can be spent twice (or more).

    Dump – when a person or group sell a bunch of coins at a market value, driving the price of the coins down.

    Fiat Money – a currency established by government regulation.

    Hard Wallet – a physical offline storage device that stores cryptocurrencies.

    HODL – a meme that emerged from the Bitcoin Talk forum. It has permeated crypto terminology since. HODL is just a typo for “Hold”.

    Initial Coin Offering – a crowdfunded release of a new cryptocurrency.

    Market Capitalization – the total dollar market value of a coin’s circulating supply.

    Mining – the process of verifying and adding transactions to the blockchain.

    Peer-to-Peer Network – a network of computers that share files and resources.

    Proof-of-work – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring some type of work from a service requestor.

    Proof-of-stake – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring ownership of a certain amount of cryptocurrency.

    Pump – when a person or group with lots of money buy a bunch of coins at market value, driving the price of the coins up.

    Resistance Level – a price point in which upward price movement is resisted due to market conditions.

    Satoshi/Sats (unit) – the smallest unit of Bitcoin recorded on the blockchain, named in honor of the creator of Bitcoin, Satoshi Nakamoto. (1 satoshi = 0.00000001 BTC)

    Sell Wall – a huge sell order that prevents the market price from going up until that entire sell order is complete.

    Selling Pressure – occurs when the majority of traders are selling, indicating that the majority think the market price will decrease.

    Shill – someone who over hypes a cryptocurrency that is usually a scam.

    Soft Wallet – software used to store cryptocurrencies either on PC, mobile devices, or online.

    Support Level – a price point in which downward price movement is resisted due to market conditions.

    The Flippening – the moment that Ethereum surpasses Bitcoin in total market cap.

    Trading Volume – the total amount of crypto that was traded during a certain period of time.

    Whale – people (or a group) that have enough capital – usually in the millions – to make huge orders that can manipulate the market to a degree.

    Glossary of Abbreviations
    ATH – All Time High

    DOS – Denial of Service

    FOMO – Fear Of Missing Out

    FUD – Fear, Uncertainty, and Doubt

    ICO – Initial Coin Offering

    POS – Proof-Of-Stake

    POW – Proof-Of-Work

    UAHF - User Activated Hard Fork

    UASF - User Activated Soft Fork

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    Any of these definitions still confusing? Do they require more clarity? Are there important terms that were missed? Let me know your thoughts!
     

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