Listen! These are Terms in Cryptocurrency that You Need to Know

There are a number of terms in cryptocurrency that you need to know.

We will review a number of terms in cryptocurrency.

This will make it easier and increase our knowledge when investing in crypto assets.

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Terms in Cryptocurrency

Currently, many people have invested in crypto assets.

Even so with people who are interested in doing these activities.

Immediately, we review what are the terms in cryptocurrency, Check out the review!

DYOR

DYOR is an acronym for Do Your Own Research. This term usually comes before you invest in a crypto asset or are going to invest.

Before making an investment you need to do research first so you can decide whether to invest or not in a crypto asset.

Because, it is known that investing in crypto assets has high profits and risks.

In this DYOR process you need to really understand the fundamentals of a crypto asset. So you get a complete picture of an asset.

Make sure to always DYOR so you don't get it wrong when you want to invest.

Altcoins

The term in the next cryptocurrency is Altcoin.

Altcoin is a combination of the words "alternative" and "coin". Alt coin is a crypto investment activity in digital assets other than Bitcoin.

Gas Fees

Gas Fee is a transaction fee when it is on the blockchain.

Bagholders

The next term is Bagholder. Bagholder is a term for traders who lose money because they invest in crypto assets that are not performing well.

Bitcoins

Bitcoins (BTC) is a digital currency. This digital currency was created by Satoshi Nakamoto.

Bearish

Bearish is a term in cryptocurrency that describes that the price of a crypto asset is falling.

bullish

Conversely, bullish is a term that indicates a crypto asset is experiencing an increase in price.

Blockchains

Blockchain can be described as a ledger or digital ledger. Where, every transaction or information is recorded and recorded and verified.

Scalping

Sclaping is a trading strategy to achieve profits in a relatively short time.

This strategy is used by investors who want to make small profits on crypto assets.

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FUD

FUD (Fear, Uncertainity & Doubt) is an investor strategy to make crypto asset prices fall. Then, they will buy it at a lower price.

Staking

Staking is an activity that can make crypto asset investors benefit by depositing available tokens in the pool.

Later, they will receive dividends according to the predetermined APR (annual percentage rate) and APY (annual percentage year).

HODL

The next term is HODL. HODL, known as Hold On for Dear Life, is a strategy to maintain crypto assets carried out by investors.

Pump and Dump

Pump and Dump is a condition in which investors carry out a strategy to increase the price of a crypto asset.

Crypto Wallets

Crypto wallet is a place to store owned crypto assets.

Whales

Whale is a term in cryptocurrency. This term refers to the owner of a large number of crypto assets.

To the Moon

To The Moon is a term that describes the price of crypto assets on the rise.