General Key Terms

Question 1

Initial Coin Offering

Answer 1

When people promise their coin is going to be worth a certain amount given enough people buy into it. These were often promises they could not keep.

Question 2

Alt coin

Answer 2

Any Coin that is not Bitcoin. Some Alt coins are called Shit coins because have no value.

Question 3

Shit Coins

Answer 3

A coin with no real value

Question 4

ALT Season

Answer 4

When ALT Coins are doing particularly well

Question 5

Bull/bullish Market

Answer 5

When a coin is performing really well and increasing exponentially.

When the sentiment on a coin is very positive.

Question 6

FOMO

Answer 6

Fear of Missing Out. When investors (typically new) hold on to a coin longer than needed for fear of missing out.

Question 7

HODL

Answer 7

Hold on for Dear Life. When an investor decides to hold a coin and not sell in hopes of it rising

Question 8

Moon

Answer 8

When everyone wants their coin to skyrocket in value and go figuratively to the moon.

Question 9

Bag Holder

Answer 9

Someone with a lot of coins in their portfolio hoping it will go up

Question 10

Exit Strategy

Answer 10

Knowing when to cash out on your asset. Coins will not hold their value forever crypto is volatile so you should try to cash out when you can maximize your profit.

Question 11

Dumping

Answer 11

Downward prive movement or a decision to sell a coin

Question 12

DYOR

Answer 12

Do your own research

Question 13

FUD

Answer 13

Fear, uncertainty, doubt

Question 14

Whale

Answer 14

A super wealthy investor with a lot of money to trade

Question 15

Limit buy/sell

Answer 15

Setting up a buy/sell of an asset at a certain value in advance. This is useful so that you won’t miss a sale when you go to sleep or are busy, you can set up to buy at lowes or sell at highs you’re expecting.

Question 16

Support

Answer 16

Used to point out the bottom of a downtrend in which the plunge is expected to bounce back and push back up.

Question 17

Resistance

Answer 17

Level on the top where an up trend may defer. Highest price in bull market.

Question 18

Mining

Answer 18

The process of verifying transactions on the blockchain, resulting in rewards(coins) for those who lend their computer power

Question 19

REKT

Answer 19

When a coin decreases sharply and you lose a lot of money

Question 20

Long

Answer 20

Holding for a long time

Question 21

Swing

Answer 21

When the price of a coin goes up or down at a rapid rate

Question 22

Pumping

Answer 22

A combined effort to boost a coin by buying all at once

Question 23

Bearish

Answer 23

When a coin is performing very poorly and decreasing exponentially.

When the sentiment on a coin is very negative.

Question 24

Exchange

Answer 24

Websites that allow you to purchase or sell crypto

Question 25

FIAT

Answer 25

Any currency distributed by the government

Question 26

ATH

Answer 26

All Time High

Question 27

TA

Answer 27

Technical Analysis

Question 28

FA

Answer 28

Fundamental Analysis

Question 29

OHLC

Answer 29

a type of bar chart that shows open, high, low, and closing prices for each period. OHLC charts are useful since they show the four major data points over a period, with the closing price being considered the most important by many traders.