Day traders — A person who tries to generate profit through active trading (from → cryptocurrencies). A day trader typically only holds a cryptocurrency for a short time (usually a maximum of a few hours) before selling it for another currency. Confirmation means that a transaction has been processed by the network and is highly unlikely to be reversed.
Seed words, like private keys, must be kept secret as they can give full access to the account. Kraken — The Kraken is a crypto currency exchange, which allows the trading of crypto with →Fiat. Flippening — an event where a cryptocurrency (altcoin) surpasses bitcoin in market capitalization (yet to happen at time of writing). It has been stated on numerous occasions that at the rim may be the currency to cause this event.
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Our goal is to help every Canadian achieve financial freedom and make all levels of investors smarter, happier, and richer. Regulatory changes of clearer guidelines could provide more certainty, leading to more retail and institutional investors as well. However, this could also be the opposite, as less clear guidelines and increased scrutiny could cause the price to drop. One (1) bitcoin (BTC or B⃦) equals a million bits (1,000,000bits).
All content contained within is all just our own opinion and experience. Consult a professional (or two…or more) for any financial, tax, accounting, or legal related questions you may have. An attack when the same coins are Bitcoin Vocabulary used in more than one transaction. A number of blocks between the block and the genesis block which height is 0. Weak hands — Investors who sell immediately when the price drops and thus push the price slump further.
Increase your Bitcoin vocabulary
Readers should conduct independent research and consult a licensed advisor before making investment decisions. Many → cryptocurrencies have problems supporting many transactions within a short time and keeping them cheap. Many different cryptocurrencies try to solve this problem in the most intelligent way possible. Pump and dump — A → pump and → dump is a scam that requires a group of investors to buy a certain (less liquid coin) at the same time. As soon as uninitiated investors start to develop → FOMO and invest in the coin due to the price increase, all the initiated investors start selling off their previously purchased coins.
‘HODL,’ ‘whale’ and 5 other cryptocurrency slang terms explained – CNBC
‘HODL,’ ‘whale’ and 5 other cryptocurrency slang terms explained.
Posted: Sun, 26 Aug 2018 07:00:00 GMT [source]
For some Airdrops you have to actively do tasks to get them. Sites like Airdropking are specialized in finding the latest Airdrops. Accumulation — Accumulation means to buy as many coins as possible https://www.tokenexus.com/ at the lowest possible price. It is often claimed that →Whales projects →fudden to accumulate as many coins as possible at a low price. BTC is a common unit used to designate one bitcoin (B⃦).