Homework task 1: fundamental crypto trading terms explained - lecture by @besticofinder (powered up 100%)steemCreated with Sketch.

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Introduction

One great thing about the crypto academy project by @steemitblog is that you get to learn something about blockchain technology technology and cryptocurrencies whether you are a guru or newbie. I thoroughly enjoyed reading the lecture presented by @becticofinder about fundamental trading terms in cryptocurrency. Now its time to do the first homework task. Here is the task:

Make an article with short explanations of following fundamental trading terms : Altcoins , Stable coin , trading pair , Bagholder , HODL , Sats , Bear/Bearish , Bull/Bullish , FUD etc.

So in the following paragraphs, I will try to explain these terms in my own words as I have researched them very well.
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Crypto trading terms and their meaning


1. Alt coins: After the successful launching of Bitcoin, many other coins also came into the crypto space. All these other cryptocurrencies that came aside from Bitcoin are called Alt coins. Just as in the fiat market, there are many currencies that are avialable for trading, the same also applies in cryptocurrencies. The term Altcoin is taken from two words: "Alternative" and "coin". Alt from "Alternative" and coin from "coin" make up altcoin. There are presently thousands of altcoins that can be traded such as ethereum, dogecoin, steem, Tron, Litecoin, etc.

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2. Stable coin: One general feature of all cryptocurrencies is that their value fluctuates frequently. You might have the price of Bitcoin at $20,000 this minute and the next minute, its $17,000. They are generally unstable. On the other hand, fiat currencies and other precious articles like Gold are more stable and their value changes gradually. So Stable coins are cryptocurrencies whose value are tied to more stable commodities such as fiat or gold. As such, stable coins hold some steady value unlike other cryptocurrencies whose value flunctuates. There are many stable coins out there, but Tether remains the most popular of all.

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3. Trading pairs: Trading pairs are two cryptocurrencies that can be exchanged one for the other. Trading pairs are usually listed on cryptocurrency exchange platforms. Users of these platforms can then choose to exchange one coin for another. For example, the following are sample trading pairs - BTC/ETH, STEEM/TRX, ETH/LTC, BCH/USDT. Crypto traders must hold of the trading pairs in order to be able to exchange it for the other cryptocurrency in the pair.

4. Bagholder: A cryptocurrency trader that holds coins that become worthless or has no value is called a bagholder. The risks involved in cryptocurrency trading are many and this is one of them. A trader may speculate that a particular coin would so well and invests in them. Over time, he may be shocked to discover that such coins lost all value and his asset has virtually zero value in the crypto market. When such happens, a holder of such valueless coin is referred to as a bagholder.

5. HODL: This term is is popular in the cryptocurrency trading sector. Its full meaning is Hold On to Dear Life. It means that a crypto trader decides not to sell his assets for a determined period of time. Traders of this category are called Hodlers. Hodlers speculate that a coin will appreciate in value in the nearest future. So they accumulate this coin when the price is not high and hope to profit by selling when it goes up. This is still a popular trading strategy today.

6. Sats: This is the short form of Satoshi. This term refers to the smallest value of bitcoin that can be sent over the blockchain. It has a value of 0.00000001. This is the smallest fraction in value of bitcoin that can be transferred on a blockchain network

7. Bear/Bearish: This term is of importance to crypto traders. A bearish or bear run shows that the value of a cryptocurrency is going down or will go down. Bearish graphs are a fever to investors because at such times, their assets will continue to loose value over a period of the bear run.

8. Bull/Bullish: A bull or bullish market is the joy of any cypto trader. This term shows that the value of a cryptocurrency is going up or will continue to go up over the period of the bull run. Since the past few months for example, Bitcoin has been in a bullish mode as it continues to appreciate in value within this period of time. We only wish that bull runs continue forever.

9. FUD: In the crypto trading circle, the full meaning of FUD is Fear, Uncertainty and Doubt. FUD influences the activities of some crypto traders. For example, out of FUD, a trader may decide to buy coins when the prize is high or low. FUD can cause a trader to hold on to his coins even when selling it looks like the best thing. Falling prices can trigger FUD and cause a trader to sell stock to cut losses. Hacking and other activities also trigger FUD
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Conclusion

I am happy to have researched and understood the above terms. I will continue to follow the courses as they come because they enlighten us and help all - new and old crypto users - to come to terms with blockchain technology and cryptocurrencies. Thank you for the work @besticofinder

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