Useful vocabulary in the crypto industry

Newbies when looking for information or reading about crypto. Sometimes you may not understand. Slang term or Words that they often say What is its hidden meaning? Some words seem like they can be directly translated. But some words are understood only by certain groups. Let's see which words are there. There are some basic things that you should know

Exchange

Coin trading board or popular coin trading boards Just like stock trading, there must be a stock trading board as well. The coins that we buy or sell will have an intermediary to do this job. They will receive fees as their main income. For new investors When choosing a board to trade or trade coins It is recommended that you choose to trade with a certified trading board that is widely reliable. In Thailand, choosing a trading board that has been certified by the Stock Exchange Commission (SEC) is best. But if anyone is an expert or understands the trading system to a certain extent. Choosing to trade with foreign coin trading boards It can be done as well

Fiat Money

Normal money that we use to buy, sell, and make purchases in our daily lives. There are many currencies in each country that are used to be called such as the dollar, baht, cold currency, euro, etc. They are usually used to compare or refer to digital currencies. To use for trading or matching the price of that coin. Simply put, When we want to get some kind of digital coin. If you want to buy or sell on the trading board You have to take normal money. Transfer to buy those coins and keep them. For speculation

Blockchain

Decentralized model for collecting data without intermediaries. Technology is used to encrypt data. which has high safety Difficult to falsify or alter information Data will be stored and continued. There is a lot of computer verification of the data. Blockchain is not only used in the crypto industry. If it also applies to other circles such as public health, medicine, education, real estate, etc.

Bitcoin

The first cryptocurrency that was born and became the most popular. Invented by a person using the pseudonym Satoshi Nakamoto, it was designed to be a medium of exchange between people. without having a middleman to control There is an inspection network spread all over the world. and store information in the blockchain system There are only 21 million of these limited edition coins distributed worldwide. And with the limited supply of coins and very high demand. Therefore, the value of this coin is very expensive compared to other coins.

Altcoin

stands for Alternate Coin or alternative coin. which is every digital coin that is not Bitcoin. It is a coin that was created as an alternative for trading or collecting. In the crypto industry A very expensive coin like Bitcoin. When there is a very high demand for purchasing The price will become more and more expensive. Choosing to buy coins that are cheaper To speculate or accumulate It helps investors make profits as well

ALL-IN

All-in Trading Or how much money do you have? Invested everything, there is nothing left or divided the investment money. Because it is predicted that If the coin price goes up It will make a lot of profit. Or if there will be a loss I placed all my bets. Full warrior's blood

HODL

A typo from the word HOLD, but it's been popularly used ever since. The meaning is to hold the invested coins for a long time. If you have bad news or anything, don't be afraid. If you believe that the coin will go up and make a profit. Don't worry, hold it for a long time and you'll get a lot of profit as well

ALL Time HighorATH

The coin rose to a new high. Destroy the original price trend If you hold the coin for a long time until this point without releasing it for sale first I will be able to do a lot. It's like a new price record. short term investors Most people tend to wait for this moment. Sell ​​coins to make profit at the same time Therefore, it often causes the price of the graph to plummet quickly within minutes. For beginners, if you can't keep up with the game Then come into this rhythm Spoon buys coins at high prices. Because I think the price will definitely go up again. It may give you a chance to be at the top of the graph (on the mountain)

Diamond Hands

The meaning is similar to HODL, which is to hold a coin for a long time. Don't care about anything. Strong as a diamond Because it was predicted that The future of the coin that you hold There will be an increasing price. If you sell when there is negative news or the price drops. There will be a loss or there may not be much profit. It's better to fight and hold on for a long time. and collect profits many times over

Paper Hands

Investors who are only slightly sensitive to negative or bad news. Then sell the coins first. Because I have heard something negative. I was completely afraid, unable to endure it. My mind is not calm enough. When bad news comes, I sell immediately. I am very sensitive to fake news. When the price of a coin drops to an alarming level, you will be anxious. no confidence Even before investing, I studied. Analyze the direction or trend first. But when selling it, it was enough that The price graph has jumped so far that we can't keep up

WHALE

A person or group of people who hold a large amount of crypto coins in the market. This may affect the price of the coin up or down. Especially if it is sold or bought in large quantities each time. It will affect the coin price graph. Flip from front to back Causing small investors or those with a small amount to be affected accordinglyJNJN Noted: These terms are similar to stock trading. There's no need to remember. Anyone who has traded stocks before may be familiar with this. Some words have the same meaning. Available in both Thai and English. According to the investor group's definition. When trading for a longer time You will start to get used to it and understand it yourself, such as the dealer selling pigs, missing the car, going up the mountain, stuck on the mountain, the port is broken, etc. You can search and read more