Novice Manual--No.2Interpretation of the professional vocabulary of cryptocurrency (quotations)
As a newbie who just entered the currency circle, there must be a lot of doubts, and now Bigomax will answer them one by one. First of all, you must first understand some professional terms, which will also allow you to better understand the information of the currency circle and better communicate with your friends about cryptocurrencies. Following the previous article explaining regular vocabulary, this article is dedicated to interpreting market vocabulary for you:
[Bull market] refers to the general rise in market conditions, continued price increases, and optimistic prospects.
[Bear market] It is the opposite of a bull market. It refers to the continued decline in market conditions and the general decline in the market.
【Shock】The currency price is unstable and fluctuates slightly (rising or falling)
[Main rising wave] comes from wave theory, which refers to the wave with the longest duration in the market rise. This is also a common market in a bull market. On the contrary, the market trend is also called “the main falling wave”.
[Yin decline] The overall market is showing a downward trend, and the currency price is slowly falling.
【Consolidation】Also known as: sideways. The price volatility is small and the currency price is stable.
【Waterfall】Also known as diving. Refers to the sudden sharp drop in the market, like a waterfall, flying down, making people feel painful and heartbroken.
【Lido】Also called Lihao. There are news or circumstances that help the price of the currency to rise, such as policy, the general environment, etc.
[Bad] refers to news that is unfavorable to the market. Such as Bitcoin technical problems, central bank suppression, and so on.
【Blowout】The market is affected by bad factors and has been in a long-term downturn. During this period, the market will be very depressed. When the bad news is exhausted or the bad factors are removed, the market will show an explosive rise.
[Rebound] The price of the currency is falling on the way, supported by technical support or capital intervention, and the market has turned from falling to rising. The rebound is smaller than the decline.
[Reversal] The price of the currency fell to the bottom, and the decline was irreversible, and it turned from a downward trend to an upward trend. Generally, “V-shaped reversal” is common. The rebound is the basis of the reversal, and the magnitude of the reversal is much larger than the rebound.
[Callback] refers to a temporary fall in price due to a strong increase in the price of the currency, which is called a callback. The decline is smaller than the increase.
[Kimchi Premium] The Korean people are keen to invest in cryptocurrency. Most of the time, the price of Korean digital currency is higher than that of other countries, so it is called “Kimchi Premium”.
[Cut in half] Refers to the price of a certain digital currency falling to half of its previous value, such as: falling from 2 yuan to 1 yuan, it is cut in half
【Breakage】Broken refers to break below and refers to the issuance price of digital currency. A currency break is when a certain digital currency has fallen below the issued price (ie, the ICO price).
Conclusion: Technical terminology will be your first step in cracking the cryptocurrency puzzle. Knowing proper nouns will make your transactions easier and easier.