Homework task one by professor @besticofinder exchange terms
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Thanks to @steemitblog for the new crypto academy class I've learned much from various authors, I participated in @besticofinder class where he highlights some basic features of an exchange platform and how new users can select and start trading.
At the end of the lesson, a task was given which I will be writing my part of the homework.
Altcoins
It's a combination of two-word alt and coin which means altcoin is referred to as an alternative coin that was introduced after the inception of bitcoin all altcoins are the predecessor of Bitcoin.
In general altcoins are cryptocurrencies introduced after the success of bitcoin.
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Stable coin
In a layman language, stable coins were introduced to minimize market liquidity.
In simple terms due to market fluctuations of cryptocurrency, for example, bitcoin price which tends to rise and fall in some cases traders and investors can take advantage of using stable coin the control such price movement by converting their crypto to the stable coin.
Also, stable coins are peg 1:1 with USD dollar.
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trading pair
Trading pairs are used mostly in either crypto base exchange or fiat exchange platform either by traders or investors the pairs mostly consist of two currency pairs for instance BTC/ETH is an example of crypto pair for traders to execute trade action either to buy or sell
Bagholder
A bagholder can be an investor or trader who decides to hold any cryptocurrency of choice for a specific period either long-term or short-term interval before selling such coin.
In most cases, the holding bag can be a wallet or exchange wallet where the trader chose to hold his coin before selling.
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HODL
It's a crypto-related term used to indicate holding of a certain crypto token. For example, if I choose to buy Bitcoin I can decide to HODL for a few months or years before selling.
For instance if i buy lets a particular crypto coins at 0.1$ and decide to hodl for one year if the price increase i can sell such crypto coin for profit.
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Sats
Seems I'm seeing these term for the first time don't know much about it, it stands for security transfer association for independent transfer platforms.
In other words stas stands for smallest unit of Bitcoin which is known as statosh 0.000000001
Bear/Bearish
This is a term that indicates sell in the market general traders tend to see the word bear/bearish when a particular type of coins is in a red mode.
it can also be indicated by a downward trend signal.
Bull/Bullish
This term indicates green in the market when there is an upward movement in the price of coins and tokens.
It also includes a buy signal in the market.
FUD
This is a term used in the crypto space to indicate fear of uncertainty and doubts. for instance when there is a shift in the price movement of coins traders can buy or sell from the market movement.
Thanks for stopping by.
@steemcurator01
@steemcurator02