Basic of crypto Trading - Beginner Level
bitcoin·@vyaduka·
0.000 HBDBasic of crypto Trading - Beginner Level
I am starting crypto educational content series for beginners/new traders. My intention is to spread the knowledge of crypto among the people who are still not aware about crypto. Crypto Terminology 1. FIAT Currency – it is government issued currency. Example – US dollar, Euro, INR, Canadian Dollar, Singapore Dollar, Yuan ETC. It is controlled by respective country governing body 2. Bitcoin – First Blockchain based cryptocurrency. It can be bought/sold in exchange. 3. Altcoin – Alternate coin. Other than bitcoin, all crypto coins are called altcoin. 4. ICO – Initial Coin Offering, It is similar to IPO in share market. Crypto startup will offer coin/token at discounted price for earlier buyer before listing into exchange. 5. Exchange – Online Website/Platform where we can buy and sell crypto-currencies. It’s functioning is same as stock exchange website (to trade shares) but for trading cryptocurrency. Example – Binance, Coinbase, Bitfinex 6. Long – Traders are speculating about price rise and buying the crypto at low price and will sell later at high price. 7. Short – Traders are speculating about price going down and selling the crypto at high price and will buy later at low price. 8. Bullish – Speculation about price to rise. Overall Market sentiments positive and traders will go for Long Trading 9. Bearish – Speculation about price to decrease. Overall Market sentiments negative and traders will go for short trading 10. Whale – Person who has big share of bitcoin or alt coin. whale may move the market and manipulate it by buying or selling a big quantity in exchange. 11. ATH – All time high. Highest price of coin has ever achieved. I will continue the content in my next post.
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