bitcoin pt 3 Flashcards
Noob
New comers are frequently described as “noobs” by industry insiders
OCD
Obsessive Cryptocurrency disorder”
OTC
Over the counter
POW
Acronym for “proof of work”
POS
“Proof of stake”
Public key
is an address where an investor can receive digital currencies. This public key, like the private key, is a combination of numbers and letters
Private key
is a piece of information -presented as a string of numbers and letters- that an investors can use to access their digital currency
Pump and Dump
is a type of investment scheme where a market participant - or several - work together to inflate the price of an asset so they can sell it when its value is artificially high
Rekt
is crypto trader slang for “wrecked”. Basically, it means that a trader lost substancial amounts of money
ROI
is short for “ return on investment”
Satoshi Nakamoto
Pseudonym for the creator of bitcoin, and more than one individual has claimed to be him, unsuccesfully
Scalping
refers to day trading, particulary to take advantage of sometimes rapid price fluctuations
Scam
refers to an internet fraud. Often, scam take the form of fake websites that closely resemble an official site, with the goal, for ex, of collecting usernames and passwords.
SEC
Securities and Exchange Commission
Short - Shorting
Means making a bet that an asset will fall in value
