This is a collection of viral crypto investment terms you need to know
In recent years, cryptocurrencies or cryptocurrencies are increasingly booming as an investment asset. In short, many experienced investors and even beginners choose to switch to this digital asset. Just like other investment products, owning or buying crypto products also requires several strategies so that you don't make a wrong move.(blogseonet)
In practice, this cryptocurrency or crypto currency was developed using encryption technology and can only be used to transact digitally with a peer to peer system. Therefore, before starting to invest in crypto, it's good that we need to know various important things, one way is by accessing crypto info in Pluang.(blogseonet)
Not only that, you also need to know some terms that are often used when transacting crypto. So, so as not to be confused and have the wrong investment strategy, here is a collection of crypto investment terms that you must know.(blogseonet)
Cryptocurrency
Cryptocurrency or crypto currency is digital money that is created and decentralized using blockchain technology. With this technology, cryptocurrencies can be traded using a peer-to-peer mechanism.
How do peer to peer transactions work? Cryptocurrencies will be traded and changed hands between one user and another without any interference from third parties, such as financial institutions or banks.
Cryptocurrencies consist of various currencies, for example the first one created was Bitcoin, to alternative coins known as altcoins such as Etherium and others.(blogseonet)
Blockchain
Blockchain is an important term in the world of cryptocurrencies. By definition, blockchain is a new technology that functions as a secure and open digital data storage medium for cryptocurrencies. If likened to, blockchain is like a collection of information stored in a book that records every transaction data and can be accessed by anyone.(blogseonet)
In addition, you also need to understand that there is no standard formula for trading. You can do various trading styles until you find one that you like. Well, the cryptocurrency trading style itself is the same as trading other assets in general, which consists of:(blogseonet)
Trading
Crypto product trading is a buying and selling activity of crypto currency products. There are several trading terms that are commonly used when talking about cryptocurrencies, namely day trading, swing trading, trend trading, and scalping trading.(blogseonet)
Day trading is done by investors selling or buying crypto assets by looking at the movement of assets on the same day. Swing trading is a type of trading that maintains the value of an asset for more than one day and sells it later with certain considerations such as technical analysis.
Then, trend trading is a buying and selling activity by maintaining crypto assets for a long time for months and buying assets when the trend of the crypto asset increases in price with the support of fundamental analysis.
Lastly, scalping trading, which is a term pinned on trader behavior which refers to the slightest price movement by prioritizing the important principle of making a profit.(blogseonet)
NFT
The current term for cryptocurrency is NFT or Non-Fungible Token. In short, NFT can be interpreted as a digital work that shows the ownership of each work so that it cannot be duplicated by other parties. NFTs resemble digital certificates of ownership in the form of video assets, music, pictures, photos, avatars, names, and so on.(blogseonet)
So, those are some crypto terms that might be able to help you before starting to invest in the cryptocurrency world. This term will help those of you who want to trade or get passive income from transacting in the crypto world. (*)(blogseonet)
