Cryptocraze
or
CryptoCrazy?
Cryptocurrency Lingo
Exchange Websites where you can buy
and sell crypto-currencies.
FIAT Government issued currency, such as the
US dollar.
Whale Someone that owns absurd amounts of
crypto-currency.
Limit order / limit buy / limit sell
Orders placed by traders to buy or sell a crypto-
currency when the price meets a certain amount.
They can be thought of as ‘for-sale’ signs
Margin trading The act of ‘magnifying’ the
intensity of your trades by risking your existing
coins.
Bullish An expectation that price is going to
increase.
Bearish An expectation that price is going to
decrease.
ATH All-Time-High. We’ve gotten a lot of these
the past couple months.
ICO Initial Coin Offering, somewhat similar to an
IPO in the non-crypto world.
Altcoin Generally any crypto-currency other
than Bitcoin or Ethereum.
Tokens Refers to the ‘currency’ of projects built
on the ethereum network that have raised money
via issuing their own tokens.
Pump And Dump The recurring cycle of an
altcoin getting a ton of attention, leading to a fast
price increase, and then of course followed by a
huge crash.
Bagholder Someone still holding an altcoin
after a pump and dump crash.
FUD Fear, Uncertainty, and Doubt. Baseless
negativity spread intentionally by someone that
wants the price of something to drop.
FUDster Someone that is spreading FUD.
FOMO Fear Of Missing Out.
Blockchains are distributed ledgers, secured
by cryptography. They are essentially public
databases that everyone can access and read.
Instead of the data residing on a single centralized
server, the data is copied across thousands and
thousands of computers worldwide.
or
CryptoCrazy?
Cryptocurrency Lingo
Exchange Websites where you can buy
and sell crypto-currencies.
FIAT Government issued currency, such as the
US dollar.
Whale Someone that owns absurd amounts of
crypto-currency.
Limit order / limit buy / limit sell
Orders placed by traders to buy or sell a crypto-
currency when the price meets a certain amount.
They can be thought of as ‘for-sale’ signs
Margin trading The act of ‘magnifying’ the
intensity of your trades by risking your existing
coins.
Bullish An expectation that price is going to
increase.
Bearish An expectation that price is going to
decrease.
ATH All-Time-High. We’ve gotten a lot of these
the past couple months.
ICO Initial Coin Offering, somewhat similar to an
IPO in the non-crypto world.
Altcoin Generally any crypto-currency other
than Bitcoin or Ethereum.
Tokens Refers to the ‘currency’ of projects built
on the ethereum network that have raised money
via issuing their own tokens.
Pump And Dump The recurring cycle of an
altcoin getting a ton of attention, leading to a fast
price increase, and then of course followed by a
huge crash.
Bagholder Someone still holding an altcoin
after a pump and dump crash.
FUD Fear, Uncertainty, and Doubt. Baseless
negativity spread intentionally by someone that
wants the price of something to drop.
FUDster Someone that is spreading FUD.
FOMO Fear Of Missing Out.
Blockchains are distributed ledgers, secured
by cryptography. They are essentially public
databases that everyone can access and read.
Instead of the data residing on a single centralized
server, the data is copied across thousands and
thousands of computers worldwide.
Missed the Craze? Don’t Worry, the Satoshi Is Still Very Cheap
When Satoshi Nakamoto designed bitcoin, his smartest trick
wasn’t to cap the total supply at 21 million coins – it was to
make each coin divisible to eight decimal places. There 100
million satoshis in one bitcoin. At the time, as now, the
smallest unit of bitcoin was worth so little as to be
inexpressible in fiat terms. The creator had the foresight to
recognize that if his fledgling cryptocurrency succeeded,
there was a good chance that 1 BTC would eventually be
worth quite a lot. And when that happened, one satoshi (a
moniker which the smallest unit of bitcoin had yet to acquire)
would also be worth something.
Be it for emotional, ideological, or profitable reasons, by all
means load up on LITECOIN, DOGE, and XVG. But don’t
mistake the dollar price attached to these coins for a fair
valuation of their worth.
Cryptocurrency Is Harder to Launder Than Fiat Currency
Bitcoin is a tool for terrorists and money launderers. At least
that’s what your elected officials believe. When western
leaders are pressed for their thoughts on cryptocurrency, that’
s invariably the first sound bite to leave their lips, followed,
occasionally, by a begrudging acknowledgement that “the
underlying blockchain technology has potential”.the case of
the $400 million of NEM stolen from Coincheck
When Satoshi Nakamoto designed bitcoin, his smartest trick
wasn’t to cap the total supply at 21 million coins – it was to
make each coin divisible to eight decimal places. There 100
million satoshis in one bitcoin. At the time, as now, the
smallest unit of bitcoin was worth so little as to be
inexpressible in fiat terms. The creator had the foresight to
recognize that if his fledgling cryptocurrency succeeded,
there was a good chance that 1 BTC would eventually be
worth quite a lot. And when that happened, one satoshi (a
moniker which the smallest unit of bitcoin had yet to acquire)
would also be worth something.
Be it for emotional, ideological, or profitable reasons, by all
means load up on LITECOIN, DOGE, and XVG. But don’t
mistake the dollar price attached to these coins for a fair
valuation of their worth.
Cryptocurrency Is Harder to Launder Than Fiat Currency
Bitcoin is a tool for terrorists and money launderers. At least
that’s what your elected officials believe. When western
leaders are pressed for their thoughts on cryptocurrency, that’
s invariably the first sound bite to leave their lips, followed,
occasionally, by a begrudging acknowledgement that “the
underlying blockchain technology has potential”.the case of
the $400 million of NEM stolen from Coincheck
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