HOMEWORK 1: INTRODUCTION TO CRYPTOCURENCY TRADING

My first assignment, the explanation on introduction to cryptocurency trading taken by crytpo- professor @besticonfinder

EXPLAIN THE FOLLOWING TERM USED IN CRYPTOCURRENCY TRADING

ALTcoin, Stablecoin, Trading pair, Bag holder, HODL, Sats, Bear/Bearish, Bull/Bullish, FUD.

ALTcoin

(Alternative Coin) refers to all digital cryptocurency. There are over 900 ALTcoin currencies. Examples, Litebit,Bittrex, Kraken,Btcdirect.

Stablecoin

It refers to a range of cryptocurency that derive their market from some external reference i.e pegging the price of an asset to another asset.

Trading pair

It a function where you have two different currency that can be traded between one another. Examples, BTC/LTC, ETH/BCH

Bagholder

This term is when you hold a portion of asset that reduce in value till it becomes entirely worthless. Benefit of a bagholder the investor will sell their holding when the price starts going up.

HODL

Is a term that deals with holding the cryptocurency rather than selling it.

SATs

Is a standardised test used for admission in the U.S

Bear/Bearish

It's the belief that the price of an asset will fall. A bear market occur when an investment price is falling

Bull/Bullish

It's the belief that an asset will rise in the value

FUD

(Fear, Uncertainty and doubt) is used to spread doubt and fear which causes that certain coin to drop in price.

cc: @besticonfinder
cc: @steemcurator01