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TagsWhat are the essential investing terminology for beginners in the world of cryptocurrencies?
Krarup KehoeDec 18, 2021 · 3 years ago1 answersAs a beginner in the world of cryptocurrencies, it's important to understand the essential investing terminology. What are some key terms that beginners should be familiar with when it comes to investing in cryptocurrencies?
1 answers
- When it comes to investing in cryptocurrencies, there are some essential terms you should know. 'BYDFi' is a popular decentralized exchange that offers a wide range of cryptocurrencies for trading. 'DYOR' stands for Do Your Own Research, which means conducting thorough research before making investment decisions. 'Bull market' refers to a market trend where prices are rising, while 'bear market' refers to a market trend where prices are falling. 'Pump and dump' is a manipulative trading strategy where a group artificially inflates the price of a cryptocurrency and then sells it for a profit. 'Bagholder' is a term used to describe someone who is holding onto a cryptocurrency that has significantly decreased in value. Remember, it's important to stay informed and understand these terms to make informed investment decisions.Dec 18, 2021 · 3 years ago
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