A Beginner's Guide for Newcomers to the Currency Circle

Some knowledge that newcomers to the currency circle must know:

1. What is Bitcoin?

2. What does stablecoin mean?

3. Currency circle

The so-called currency circle is the circle naturally formed by digital currency players. The currency circle is not large, but the number of people is not small, and it is basically a niche among the crowd, but it is finally a circle, there are not many people making money, and all kinds of ways to make money are quickly copied over, ico, speculation coins, mining, etc.

4. Fiat currency

Fiat currency is legal tender, issued by the state and government, and only guaranteed by government credit, such as RMB, U.S. dollar and so on.

5. KYC

KYC is the abbreviation of Know Your Customer, which means to know your customers. In the international "Anti-Money Laundering Law" regulations, organizations are required to have a comprehensive understanding of their customers to predict and discover unreasonable business practices. and potential violations. The kyc of the exchange generally refers to identity authentication.

6. CEX and DEX

CEX: For centralized exchanges, such as Binance , OKEX , etc.

DEX : Decentralized Exchange, is a blockchain-based exchange.

Learn more: https://www.tunbiya.com/928.html

Necessary in the currency circle: recommended by commonly used virtual currency exchanges

7. C2C transactions

C2C is a transaction between people through exchanges, such as buying usdt through Binance.

8. token

token, usually translated into a token. Token is one of the important concepts in the blockchain. Its more widely known name is "token", but in the eyes of professional "chain circle" people, its more accurate translation is "token", which represents the district. A proof of stake on the blockchain, not a currency.

10. Airdrop

Airdrops are a very popular cryptocurrency marketing method right now. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.

11. ICO, ICO, IFO, IMO

IEO (Initial Exchange Offerings), the first transaction issuance, refers to the issuance of tokens with the exchange as the core; the tokens skip the ICO step and go directly to the exchange.

ICO (Initial Coin Offering), initial coin offering, refers to the first issuance of tokens to the public by a blockchain project to raise mainstream cryptocurrencies such as Bitcoin and Ethereum to obtain funding for the operation of the project.

IFO (Initial Fork Offerings), the first fork issuance, refers to the generation of new tokens by forking mainstream cryptocurrencies such as Bitcoin.

IMO (Initial Miner Offerings), the first mining machine offering, refers to the first issuance of tokens by selling hardware/mining machines.

12. Candy

The candy in the currency circle is the digital currency that is distributed to users for free when various digital currencies are first issued at the ICO.

13. Break

A currency break is when a certain digital currency falls below the issued price.

14. Private placement

Cryptocurrency private placement is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for the operation of the platform.

15. K-line chart

Candlestick Charts, also known as candle charts, Japanese lines, yin and yang lines, bar lines, red and black lines, etc., are commonly referred to as "K lines". It is plotted with the open, high, low and close prices for each analysis period.

16. Currency circle nouns

Position: refers to the ratio of the investor's actual investment and actual investment funds.

Open a position: buy virtual currency.

To cover the position: buy virtual currency in batches, such as: buy 1BTC first, then buy 1BTC.

Full position: buy all the virtual currency with all the funds at one time.

Lighten up positions: sell some virtual coins, but not all of them.

Heavy positions: Compared with funds and virtual currency, the share of virtual currency is more.

Wet storage: Compared with virtual currency, funds account for a larger share of funds.

Short position: Sell all the virtual coins you hold and convert them all into funds.

Locking: Generally speaking, after buying and selling contracts, investors open new positions that are opposite to their original positions when the market moves in the opposite direction to their own operations.

Take Profit: After getting a certain profit, sell the virtual currency you hold to keep the profit.

Stop loss: After the loss reaches a certain level, sell the virtual currency held to prevent the loss from further expanding.

Bull Market: Prices continue to rise and the outlook is positive.

Bear Market: Prices continue to fall and the outlook is bleak.

Long (going long): The buyer believes that the price of the currency will rise in the future, so he buys the currency, and when the price of the currency rises, he sells it at a high price to take profit.

Short (Short): The seller believes that the currency price will fall in the future, sells a part of the currency held in his hand (or borrows currency from the trading platform), locks up the position and takes a profit after the currency price falls to a certain price. avoid risk

Rebound: When the currency price falls, the price rebounds and adjusts due to the rapid fall.

Consolidation (sideways): The price volatility is small and the currency price is stable.

Overcast: The currency price is slowly falling.

Diving (waterfall): The price of the currency fell rapidly and by a large margin.

Cut meat: After buying virtual currency, the price of the currency falls, and sell the virtual currency at a loss in order to avoid the expansion of losses. Or after borrowing the currency to short, the currency price rises, and the virtual currency is bought at a loss.

Stuck: Expect the price of the currency to rise, but the price of the currency falls after buying; or the price of the currency is expected to fall, but the price of the currency rises unexpectedly after selling.

Unpacking: After buying virtual currency, the currency price fell and caused temporary book losses, but then the currency price rebounded and turned losses into profits.

Going short: After selling the virtual currency due to a bearish outlook on the market, the price of the currency rose all the way, and I failed to buy it in time, so I failed to make a profit.

Overbought: The currency price continues to rise to a certain height, the buyer power is basically exhausted, and the currency price is about to fall.

Oversold: The currency price continues to fall to a certain low point, the seller's strength is basically exhausted, and the currency price is about to rise.

Lure to bulls: The currency price has been consolidating for a long time, and it is more likely to fall. Most of the shorts have sold the virtual currency. Suddenly the bears raised the price of the currency, which induces the bulls to think that the price of the currency will rise and buy them one after another, but the bears suppress it. The price of the currency has trapped many parties.

Luring shorts: After the bulls buy the virtual currency, they deliberately suppress the price of the currency, making the bears think that the price of the currency will fall, and throw them out one after another. As a result, they fall into the trap of the bulls.

Translate & Edit: P2E Game

Welcome to P2E GAME

Hearing the echoes from Metaverse.