By Meztilabar - 26.03.2020
What does bitcoin mean in slang
So what does that mean? To make sense of such crypto-slang, CNBC Make It asked Peter Saddington, a serial entrepreneur and early bitcoin. Definition of BTC in Slang/Internet Slang. What does BTC stand for? Printer friendly. Menu Search. New search features Acronym Blog Free tools "AcronymFinder.
So, with so many people pouring their cash into Crypto, it makes sense to at least try to understand what is going on…. Sound familiar?
Most Used Tags For BTC
A crypto trader who buys a coin and does not plan on selling in the foreseeable future is called a hodler of the coin. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading https://market-obzor.ru/what/what-does-bitcoin-mean-in-slang-1.html crypto.
Therefore it means the highest historical price of a specific coin.
A huge player who has a substantial amount of capital. Whales are said to have the ability to be market movers for small alt-coins too due to their huge capital.
Pump and Dump.
'HODL,' 'whale' and 5 other cryptocurrency slang terms explained
The recurring cycle of an Altcoin getting a spike in price followed by what does bitcoin mean in slang huge crash. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins https://market-obzor.ru/what/what-does-bitcoin-mean-in-slang-1.html a higher price.
The act of unsolicited endorsing of the coin in public. Bag Holder.
Related Acronym Searches
A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins. Margin Trading.
what does bitcoin mean in slang In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and what does bitcoin mean in slang it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern.
A position that a trader takes. To take what does bitcoin mean in slang long position on something is to believe its value will rise in the future.
To take a short position on a coin is to believe its value will fall in the future. Limit Order. An order placed at a future price that does bitcoin mean in execute when the price target what does bitcoin mean in slang hit.
Abbreviations for Different Cryptocurrencies
Borrowing Rate. When you open a leveraged position, you will be borrowing coins at a pre-determined rate.
Lending Rate. Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades.
The lending rate fluctuates throughout the day based on the demand for shorting the coin. Fill or Kill.
A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.
Bitcoin is the main index for cryptocurrency market.
If BTC goes up, other coins go up. If BTC goes down, other coins go down. Circulating Supply.What is Cryptocurrency?
The price of a coin has no meaning on its own. Market Cap. A well-timed DDoS attack at exchanges during volatile movements may be link as traders what does bitcoin mean in slang not be able to execute any order manually and will be at the what does bitcoin mean in slang of their pre-set, or the lack of, limit orders.
Coins bought during ICOs are usually sold for a profit when the coin first what mean in slang exchanges.
This is due https://market-obzor.ru/what/what-does-bitcoin-mean-in-slang-1.html the initial hype which increases demand for the coin.
On the supply side, ICOs create entry barriers as the buyer has to set up his private wallet to receive the coins from the ICO purchase. The act of buying and selling on different exchanges to earn the difference in the spread.
Arbitrage opportunities occur due to differences in exchange reputation, community coin preferences and ease of bank funding.
Take note that fees, limits and prices could change anytime when you are transferring your coins between exchanges, especially during volatile times.
Moon Extreme bullish movement of a coin. Weak Hands Those who cannot be patient and sell at loss when the market is down.
Have I missed out any Cryptocurrency lingo that you would like to add? Send me a tweet here.
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