A must-have for newcomers to the cryptocurrency industry, the latest encyclopedia of professional terminology in the cryptocurrency industry

Cryptocurrency terminology covers the basic operations of buying and selling virtual currencies and the description of market conditions. These terms include opening a position, taking profit, long, rebound, overbought, etc. to help beginners understand the operating mechanism of the currency circle, formulate investment strategies and evaluate investment risks. Understanding these terms is crucial to the success of cryptocurrency investment, allowing investors to more clearly understand market dynamics and make informed decisions.

These terms cover the basic operations and market status of the currency circle, helping newcomers better understand the operation of the currency circle.

‌Building a position and covering a position‌: Building a position refers to buying virtual currency, while covering a position means continuing to buy on the basis of an existing position. Full position means buying all the available funds in the account into virtual currencies.

1. ‌Take profit and stop loss‌: Take profit refers to selling the virtual currency held to maintain profits after obtaining a certain profit; stop loss refers to After the loss reaches a certain level, sell the virtual currency held to prevent further losses.

2. ‌Bull market and bear market‌: Bull market means that prices continue to rise and the outlook is optimistic; bear market means that prices continue to fall and the outlook is bleak.

3. ‌Long and short positions‌: Long refers to the buyer who believes that the price of the currency will rise in the future, and buys the currency and sells it after the price rises; short refers to the seller If you think the currency price will fall in the future, sell the currency you hold, and then buy it at a low price to make a profit after the price drops.

4. ‌Rebound and consolidation‌: Rebound refers to the price rebound adjustment when the currency price falls too fast; consolidation refers to the small price fluctuation and stable currency price.

5. ‌Overbought and Oversold‌: Overbought is when an asset price rises to a level that cannot be supported by fundamental factors, usually after a short-term rapid price increase. Oversold means that the price of an asset has fallen to an unreasonable level, usually after a sharp short-term price drop.

6. ‌Bull-inducing and short-selling‌: Bull-inducing refers to the main force and bookmakers deliberately creating the illusion of rising currency prices, inducing investors to sell, resulting in price fluctuations. Rising instead of falling; short-selling refers to deliberately creating the illusion of a falling currency price to induce investors to sell, causing prices to rise instead of falling.

7. ‌Cutting‌: Refers to the financial market term, which refers to closing a position at a loss, that is, selling virtual currency at a low price and losing money.

8. ‌Shortfall‌: Refers to the missed opportunity due to failure to buy in time when the currency price rises.

9. ‌Airdrops and Candy‌: Airdrop refers to the behavior of project parties giving away tokens; candy refers to the numbers distributed to users for free when a digital currency project is issued. currency.

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