A collection of basic professional terms in the blockchain industry
Basic word
Position: refers to the ratio of the investor's actual investment and actual investment funds.
Lighten up: sell part of the virtual currency.
Liquidation: is to sell all virtual currency.
Heavy positions: that is, you buy a lot of some kind of virtual currency.
Wet storage: that is, a certain virtual currency is rarely bought.
Jiancang: is to buy virtual currency.
Covering positions: that is, to buy virtual currency.
Full position: It is to buy all virtual currency at one time.
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 : The buyer believes that the price of the currency will rise in the future, so he buys the currency and sells it when the price of the currency rises.
Short : The seller believes that the price of the currency will fall in the future, and sells the currency held in his hand (or borrows the currency from the trading platform).
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, and the soft knife cuts the meat.
Diving (waterfall): The price of the currency fell rapidly and by a large margin.
Lock-up: As soon as you buy it, it falls, referred to as lock-up.
Takong: As soon as it is sold, it will rise, referred to as Takong.
Cut the meat: As soon as you buy it, it will fall, and sell virtual currency at a low price at a loss.
Unlocking: After being locked up, the currency price rebounded, turning losses into profits.
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.
Induces 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 induced the bulls to think that the price of the currency would rise and bought them one after another, but the bears suppressed 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, so that the bears think that the price of the currency will fall, and they throw them out one after another. As a result, they fall into the trap of the bulls.
Private round: Compared with public offering, public offering refers to the behavior of raising funds for an unspecified group of people, such as funds sold by banks; while private placement aims to raise funds for specific groups of people, and cannot be publicly advertised.
Angel round: Angel round, namely angel investment (Angel Investment), refers to personal investment to assist entrepreneurs with specialized skills or unique concepts but lack of their own funds to start a business, and to undertake high risks in entrepreneurship and enjoy the high risk after successful entrepreneurship. Proceeds, or a one-time up-front investment in an original project idea or small start-up by a freelance investor or informal VC. Angel investing is a special form of venture capital.
Cornerstone round: Does it mean the same as a private equity round.
Necessary common sense
What does coin circle mean?
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.
How does the currency circle make money?
There are many ways to make money in the currency circle, the most important ones are speculating on coins to earn the difference, ICO crowdfunding, and moving bricks.
Where can I usually see the news of the currency circle?
Market website: Feixiao, mytoken, aicoin, coinmarketcap News website: Blockchain headlines, Golden Finance, Babbitt Community, Coinworld News Chat website: Twitter, telegram, slack
What does fiat money mean?
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.
What does token mean?
Token is usually translated into a certificate, Token is one of the important concepts in the blockchain, and its more widely known name is "token".
What does it mean to build a position?
Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.
What does stud mean?
Transliterated as "show hand", the currency circle stud refers to putting all the principal in.
What does airdrop mean?
Airdrops are a very popular cryptocurrency marketing method at present. Most of them are obtained for free. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team will conduct frequent airdrops.
What does lockup mean?
Lock-up generally means that after an investor buys and sells a contract, when the market shows a trend opposite to their own operation, they open a new position that is opposite to the original position, also known as pair lock, order lock, and even euphemistically called Butterfly Double Flying.
What does candy mean?
Candy is the digital currency that is distributed to users for free when various digital currencies are first issued at the ICO.
What does a hair break mean?
Breaking refers to falling below, and hair refers to the issue price of digital currency. A currency break is when a certain digital currency falls below the issued price.
What does private placement mean?
Private placement is a way to invest in cryptocurrency projects and the best way for cryptocurrency project founders to raise funds for the operation of the platform.
How do you see the K line?
The candlestick chart is drawn with the opening price, high price, low price and closing price of each analysis period.
What does moving bricks mean?
Moving bricks is to buy digital currency from an exchange with a low price, and then sell it on an exchange with a high price.
Essential for getting started
Next, let's understand wallets
It needs to be clarified that the wallet mentioned in the blockchain field is not actually a wallet for holding money, but a tool for holding keys (private key and public key). With the key, you can own the digital currency at the corresponding address. dominance.
Public key: It is paired with the private key. The public key can calculate the bitcoin address, so it can be used as a certificate for owning the bitcoin address.
Bitcoin address: If the blockchain is a ledger, the Bitcoin address is the account number in it.
There are many types of wallets: cold wallets, hot wallets, hardware wallets, brain wallets, paper wallets, etc. I feel dizzy when I see these concepts, I don’t think we need to understand that much. As long as we understand the application scenarios, the mobile terminal is still the PC terminal, and I think we will only use the light wallet. The full wallet that stores all the transactions is too scary. If you are really worried, just install this wallet on a terminal where you don't usually surf the Internet to prevent hackers from stealing it.
Wallet combat
Wallets are divided into Bitcoin wallets, Ethereum wallets, NEO wallets, quantum wallets, etc., according to different protocols.
What is the use of Bitcoin wallet address?
With the bitcoin address generated in the bitcoin wallet, you can receive bitcoins from others, and you can also transfer bitcoins from your account to other people's bitcoin addresses. Just like a bank card number, a Bitcoin address has the functions of payment, transfer, and withdrawal, but when transferring money, you can only transfer Bitcoin if you know the Bitcoin address of others. The bitcoin wallet address must be kept well, because it is in every payment.
What is a positive (Bitcoin)?
Positive (Bitcoin): Refers to the news that Bitcoin has received mainstream media attention, or that there is a breakthrough in the application of a certain technology, which is conducive to stimulating the price increase, which are called positive.
What is bearish (Bitcoin)?
News that prompted the price of the currency to fall, Bitcoin technical problems, central bank suppression, etc.
What is the transaction volume?
It reflects the number of transactions and the number of people who buy and sell. Generally, it can be measured by the number of transaction coins and transaction amount.
What is a rebound?
A price correction in which the price of Bitcoin recovers during a downtrend by falling too fast. The rise is less than the fall.
What is consolidation?
It usually refers to a market where the price changes are relatively small and relatively stable, and the highest price and the lowest price are not much different.
What is a pullback?
In the bull market, the currency price rose strongly, but temporarily fell back because the price rose too quickly, which is called a pullback. The fall is less than the rise.
What is moving bricks?
Recharge cash to platform A with a lower currency price, and then buy bitcoin; then withdraw bitcoin from platform A, and recharge to platform B with higher price immediately after receiving it; after recharging bitcoin to platform B, immediately Sell it, withdraw the cash immediately, and repeat the steps.
What is leverage?
Leveraged trading, as the name suggests, is to use a small amount of capital to invest several times the original amount, in the hope of obtaining a multiple-fold return relative to the fluctuation of the investment target, or a loss. Altcoins refer to all other coins except Bitcoin. I personally don't like to call it altcoins, because many coins have their own innovations, and it's unfair to call them altcoins.
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