Cryptocurrency
Satoshi/sat
0.00000001 Bitcoin
Selling Digital Currency
Coinbase fees are subtracted from the amount entered to arrive at the total. For example, if you enter $100 USD as the amount of BTC to sell, and the fee is 1.49%, your total will be $98.51. $100 Worth of BTC will be removed from your Coinbase account and $98.51 will be credited to the selected payment method. The total amount of the transaction denominated in both the digital currency and your local currency, as well as the fees being charged, will always be displayed to you on the confirmation screen.
FUD
Fear, Uncertainty and Doubt : a tactic of decreasing trust in a cryptocurrency in order to drive the value down so that it can be purchased cheaply or to drive people to the competition
Buying Digital Currency
Fees are added to the amount entered to arrive Fees are added to the amount entered to arrive at the total for the order. For example, if you enter $100 USD as the amount of BTC to buy, and the fee is 1.49%, your total will be $101.49. That total will be charged to your payment method and you will receive $100 worth of BTC.- Coinbase
coin
a cryptocurrency
Fiat Currency
a currency established as money by government law or regualtion
Pump N'Dump
a group buys a lot of a crypto for a low price, then aggressively advertises it in order to drove the price up and then sells for a profit, often frowned upon and most of the time just a scam to get people to buy worthless coins
Trading Wall
a high interest in either buying or selling a coin
Shitcoin
a low quality coin
Hash
a mathematical formula calculated by miners that verifies blocks
Hodl
a misspelling of hold, simply means to not selling a cryptocurrency
Dead cat bounce
a momentary recovery in the falling price of a cryptocurrency followed by a further decline
Whale
a person with a large sum in cryptos
Wallet
a place where you store your cryptocurrencies, can be online, offline, software, hardware and even printed on paper, you should keep them very secure
buy order
a request to buy a cryptocurrency on an exchange
Block
a single collention of transaction data on the blockchain
Exchange
a site where you can buy and sell cryptocurrencies for other cryptocurrencies
Stop-loss order
a specific price that you set at which you will automatically sell you coins in order to prevent further losses if the coin is crashing
ATH
all time high (refers to the highest value a coin ever had)
bot
an ai that trades automatically
Moon
an extreme raise in the value of a cryptocurrency
Altcoin
any cryptocurrency that isn't Bitcoin
Mining
calculating hashes for blocks, this takes a lot of computing power and it is rewarded with the transaction fees paid and new coins generated
Private Key
essentially your signature/password, store it securely
ICO
initial coin offering, a kind of pre-sale of a new cryptocurrency
Technical Analysis/TA
methods used to predict future market direction, often not accurate
P2P
peer to peer, transactions are made between individuals without any interference from a central authority like a bank
Shill
person that promotes a coin with the intent to drive its price up because he already owns some
Crypto
short for cryptocurrency
Day trading
short term trading that takes place within a single day
Public Key
the address that transactions go to, you can share this publicly
Genesis block
the fist block of a blockchain
Transaction fee
the miners choose which transactions to put into the blocks, this fee is used to incentivize them to put your transaction in
Bubble
when a market is extremely overvalued, is followed by a crash