Thanks to recommendations from our network here are some of the most highly recommended cryptocurrency sites. If you are trying to learn more about the technology they can be useful tools and also if you are ready to invest they are fantastic to get you started! As always do your own research * .
2018 is the year for cryptocurrency, as it goes mainstream more people are trying to learn not just how to buy or invest into it but also how it works and how people are discussing the matter. As more "Altcoins" come onto the market and businesses are advertising their services we decided to put together a list to help you out.
Holding the coin for a long duration (not selling it anytime soon) to hold out
All time high, the currency is the highest in value it has ever been
Your bitcoin or crypto public address
Fear of missing out, FOMO is when prices surge upwards because investors are trying to hop on short-term price rallies
Fear, uncertainty doubt. Investors who are unsure.
“Alternate coin” (any coin other than bitcoin /BTC). Bitcoin is the main index for cryptocurrency market. When BTC goes up, other coins go up. If BTC goes down, other coins go down. So far
A trader or investor with huge faith and feels the market will rise
Crypto bears have a pessimistic outlook for prices predicting they will crash
A huge influential investor who thinks crypto will rise, A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital.
Someone who held on to crypto too long and potentially made a loss by not selling when it peaked or bought it at its ATH
Someone in financial ruin due to their crypto investment
refers to the massive influence of china on crypto particularly in mining
"TO THE MOON":
Expectedcontinous price increase
Initial coin offering, An unregulated way funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In this ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for bitcoin
Dollar cost averaging
"Pump and Dump"
A cycle of Altcoin having a spike in price followed by a huge crash. Such movements are often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price.
An act of unsolicited endorsing of the coin in public. E.g the trader buys a coin who has an interest in shilling the coin, intended to gain the publics interest in that particular coin.
Do Your Own research, used by people promoting or advocating a coin to suggest to base your decision not solely on their advice or suggestion.
Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of.
Obsessed with bitcoin
Change in theunderling structure of the blockchain
Block chains that run in decentralised structure
“Buy The Fucking Dip” – When people are running around and selling because of fear, this is the time to buy.
Documentation prepared by a party prior to launching a new currency detailing everything you need to know about the currency. This includes commercial, technological and financial details of a new coin in language that can be understood by someone who is not an expert in the space. Very critical regarding the ICO
The Elon Musk of Cryptocurrency, a living legend and arguably god. The creator of Bitcoin.
Thanks to all our contributors to this list!
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