Cryptocurrency Key Terminology

Cryptotrading is a good opportunity to make good money, where coins could potentially quadruple their value in less than a week, but one needs to be cautious when trading, because there are lots of fake coins, pump & dumps, schemes and Ponzi schemes everywhere. Trading in cryptocurrency like any other investment involves risk taking. The usual rules apply. Higher Risk = Higher Return; Lower Risk = Lower Return. High risk and high return cryptocurrency trading is a high risk investment in a new cryptocurrency, with the anticipation that it achieve the same success as Bitcoin. If you seek to invest in cryptocurrency market with a relatively lower risk, its best to consider a more mature cryptocurrency such as Bitcoin which may not provide the same upward spiral in value again, but may likely experience more natural and gradual growth over time.

Another good way to invest in the cryptocurrency industry, is investing in the underlying technology of cryptocurrencies, with any company involved in the technology or brokerage side of the market. Below are terms used in Cryptocurrency Trading:

• BTC = Bitcoin
• ALTCOIN = Any crypto currency other than Bitcoin.
• BAGHOLDER = anyone who buy hoard large quantity of coin hoping to make good profits in the future.
• BEAR/BEARISH = Negative price movement
• BULL/BULLISH = Positive price movement
• DILDO = Long green or red candles
• DUMP = To Sell off a coin
• DUMPING = Downward price movement
• DYOR = Do Your Own Research
• FA = Fundamental Analysis
• TA = Technical Analysis
• FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's going to pump more, so you buy high)
• FUD = Fear, Uncertainty & Doubt
• HODL = Hold/Hold a position
• JOMO = Joy Of Missing Out
• LONG = Margin bull position
• SHORT = Margin bear position
• MCAP = Market Capitalization
• MOON = Continuous upward movement of price
• OTC = Over The Counter
• PUMP = Upward price movement
• SAJ CANDLE = Huge green candle
• SHITCOIN = A coin with no potential value or use
• SWING = Zig zag price movement (Upwards and downwards)
• REKT = When you have a bad loss
• REVERSE INDICATOR = Someone who is always wrong predicting price movements.
• RSI = Relative Strength Index
• WHALE = Very Wealthy trader/Market mover

When considering cryptocurrency trading, make sure you’re doing it for the right reasons. Buy cryptocurrency to learn about it before you begin transaction, or buy it because you are optimistic and betting that cryptocurrency will change the world market by:

• Supplanting gold as the main store of value in the world
• Transforming inter-bank settlements
• Making international remittance affordable
• Revolutionizing the fundraising and IPO process

These are just a few options, and if you’re in tune with the cryptocurrency world, you’ll know the opportunities are endless. So if you’re going to trade cryptocurrency, do it because you see the long-term vision (and sure, ostensibly the financial gains that may come from them), not because you think it will blindly appreciate and give you a good return on your "investment."

Though cryptocurrency trading has been said to be like investing in penny stocks but its way different. What are penny stocks? Penny stocks are the shares of smaller businesses and early stage companies, which have a much lower value than regular stocks. They are never stable or consistent, gains of more than 100% can be derived in a single day – or it might disappear altogether overnight.