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Showing posts from May 3, 2018

a Deeper Guide into Crypto Terms

In addition to all of the interesting new terms that cryptocurrency enthusiasts use within the community, there are also some industry basics that anyone trying to get into the cryptocurrency game should know.
Arbitrage A strategy to take advantage of differences in prices across markets to make a profit.
Bearish An expectation that a coin’s price is going to decrease.
Blockchain Blockchain technology was created as a database to store transactions of the cryptocurrency called Bitcoin. These transactions are placed into timed segments called “blocks,” which incorporate all transactions for that block as well as a cryptographic hash of the preceding blocks, transaction data, and a timestamp. While the data in these blocks are anonymized, and encrypted, for many blockchains, the ledger is still accessible and readable to anyone and everyone who wants to take a stroll through it.
Bollinger Band A Bollinger Band, which developed by famous technical trader John Bollinger, is plotted by two stand…

Your easy crytocurrency definition guide!

So, you’ve decided to jump into the exciting world of cryptocurrency! Congratulations! As you explore this new community, you might find yourself stumbling across all sorts of phrases both familiar and strange. Some of these concepts are used outside of the cryptocurrency community, but many started as inside jokes and are unique.
Here’s a quick list of some of the more obscure terms you might find to get you started:
Altcoin Generally, any coin that isn’t Bitcoin.
ATH “All Time High” price for a cryptocurrency.
Bagholder Refers to someone still holding a coin after a crash.
Fiat (as in Fiat currency) Government-issued currency, such as the US dollar.
Fork When a blockchain splits into two chains.
FOMO “Fear Of Missing Out” when not in a position to take advantage of a coin’s fast price movement.
FUD “Fear, uncertainty, doubt” describes a negative emotion toward a cryptocurrency.
FUDster Someone that is spreading FUD.
HODL A misspelling of the word “hold,” which went viral in the community after an a…

What is an ICO?

Cryptocurrency and blockchain technology are creating new and exciting possibilities across a vast number of industries and unlocking the financial power of the internet in heretofore unknown ways. In the process of building this new world, there are a lot of confusing buzzwords that get thrown around. One of these terms is “ICO,” which stands for Initial Coin Offering, but just what does that mean? Let’s dig in a little and find out.
What’s an ICO? An initial coin offering is similar to an initial private offering (IPO). It’s when a new cryptocurrency offers its underlying tokens for sale to the public. This process generates capital and enables developers to build a platform and get the coin off the ground. There are some benefits to ICOs as it allows token holders to get in on the ground floor. Unfortunately, there’s just not enough regulation in the industry at the moment to ensure that ICOs are a safe investment and the SEC has taken a dim view of ICOs in general as many can’t pass…

Help You to Learn More about the Cryptocurrency Exchange

Cryptocurrencies and the technology they’re built on are transforming our world today. Cryptocurrency exchanges are an important part. However; many people still don’t understand exactly how they work. Or even how traders are making money from them. So just what is an exchange and why are they important?
Here’s an informative take on the subject from our friends at Cryptocurrencyfacts.com:
There are general there are the following types of exchanges:
NOTE: The terms used below are somewhat semantical. The important thing to note is the different styles of exchange, not the exact words used to describe them.
1.“Traditional” Cryptocurrency Exchanges: These are the exchanges that are like the traditional stock exchanges where buyers and sellers trade based on the current market price of cryptocurrencies (with the exchange playing the middle-man). These type of trading platforms generally charge a fee for each transaction. Some of these types of exchanges deal only in cryptocurrency, others a…