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Cryptocurrency Trading Notes > Chapter 5: The Present + Future of Cryptocurrency > Flashcards

Chapter 5: The Present + Future of Cryptocurrency Flashcards

1
Q

25 Bitcoins are created every 10 _______

A

minutes

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2
Q

the number of BTC is set to be capped at 21,000,000 in the year _____

A

2140

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3
Q

______ is considered to be the leading rival of Bitcoin today

A

Litecoin [LTC]

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4
Q

Litecoin was designed to process small transactions faster than ______

A

Bitcoin

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5
Q

LTC is widely considered to be the _____ to Bitcoin’s “gold”

A

silver

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6
Q

The maximum limit of Litecoin is

A

84 million

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7
Q

XRP [Ripple] functions as both a payment _______ and a currency

A

system

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8
Q

XRP’s payment mechanism allows fund transfers to be processed in just a few ________

A

seconds

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9
Q

_______ is akin to Bitcoin, yet created by a government institution

A

MintChip

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10
Q

when trading cryptocurrencies, it’s essential to ________ investments

A

diversify

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11
Q

it’s also crucial to invest in at least one more ______ cryptocurrency

A

stable

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12
Q

pay close attention to market _____ and circulation

A

cap

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13
Q

research _________ coin/ token’s history

A

cryptocurrency

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14
Q

avoid cryptocurrencies that have already suffered huge ______ in market cap

A

drops/ declines

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15
Q

Also, always seek to eschew investing or trading coins that have a history of huge _______ & peaks

A

corrections

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16
Q

learn about the ______ they can solve as well as how they intend to solve more problems

A

problems

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17
Q

search for _______ with a strong idea backing + innovative technology

A

offerings

18
Q

do research on the _____ team, leadership, and track record of the company

A

tech

19
Q

look for possible _____ offerings

A

ICO

20
Q

conduct research on _______ offerings in the past

A

successful

21
Q

BCH is a standalone cryptocurrency that has a faster ________ time than Bitcoin

A

transaction

22
Q

BCH has a maximum block size of _______ MB

A

8

23
Q

Bitcoin’s maximum block size, however, is only _______ MB

A

1

24
Q

XRP is the cryptocurrency which underpins _______ (i.e., payment network)

A

RippleNet

25
Q

XRP also possesses the ability to process transactions in multiple __________

A

currencies

26
Q

In contrast, _________ is underpinned by Lumens/ Stellar

A

XLM

27
Q

NEO is similar to Ethereum in that it also allows users to develop _______, as well as smart contracts

A

DApps

28
Q

The _______ Team requires users to verify their identities on the network

A

NEO

29
Q

ETH: a cryptocurrency that allows users to code and release their own DAPPS + ________ contracts

A

Smart

30
Q

smart contracts enforce clauses __________

A

automatically

31
Q

each time a transaction is processed, a small amount of _______ is destroyed

A

ETH

32
Q

Ether also has fast transaction speeds + an unlimited _________

A

supply

33
Q

this coin is the official cryptocurrency of EOS.IO (i.e., a blockchain platform that replicates the key functionality of the OS and computer hardware)

A

EOS

34
Q

EOS has an _________ supply

A

unlimited

35
Q

Although BCH’s upper limit is 21,000,000 coins, XRP’s maximum supply is ______ billion

A

100

36
Q

traders must pay close attention to _______ + software updates in order for them to understand the evolution of scaling tech

A

forks

37
Q

among the best trading times for BTC are _____ from Saturdays to Fridays

A

0800 - 2000

38
Q

most liquidity is available at approximately 8 - ______ (European market times)

A

17/ 5

39
Q

consider trading on a platform in which you can benefit from fixed ________ on the major cryptocurrencies

A

spreads

40
Q

A Bitcoin ________ event occurs when the reward for mining Bitcoin transactions is halved

A

halving

41
Q

halving also cuts in half the inflation rate of _________ as well as the rate at which new ________ come into circulation

A

Bitcoin

Bitcoins

42
Q

Bitcoin halving event generally occurs approximately every ______ years or every 210,000 blocks mined until completion

A

four

Cryptocurrency Trading Notes (14 decks)

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