GLOSSARY

AML (Anti-Money Laundering)

A set of laws and regulations designed to prevent the use of financial systems for the purpose of money laundering.

Arbitrage

The practice of buying an asset in one market and immediately selling it in another market at a higher price.

ASIC (Application-Specific Integrated Circuit)

A specialized computer chip designed for a specific task, such as mining cryptocurrency.

Bear market

A market condition in which prices are falling, generally over a prolonged period of time.

Bitcoin

The first and most well-known cryptocurrency, created in 2009.

Blockchain

A digital ledger that records transactions across a decentralized network of computers.

Bull market

A market condition in which prices are rising, generally over a prolonged period of time.

Capital gains

The profit made from selling an asset for more than its purchase price.

Cold storage

A method of storing cryptocurrency offline, away from internet-connected devices.

Cryptocurrency

A digital asset that uses cryptography to secure and verify transactions.

Decentralized

A system that is not controlled by a single entity or authority.

ETF (Exchange-Traded Fund)

A type of investment fund that trades on a stock exchange like a stock.

Distributed ledger

A digital ledger that is spread across a network of computers.

FOMO (Fear Of Missing Out)

The feeling of anxiety or regret that can arise from the fear of missing out on a profitable opportunity.

Fiat currency

A government-issued currency that is not backed by a physical commodity like gold.

FUD (Fear, Uncertainty, and Doubt)

A tactic used to spread negative or misleading information about a particular cryptocurrency or project.

Futures contract

A standardized agreement to buy or sell an asset at a predetermined price and date in the future.

Halving

A process that reduces the block reward for mining cryptocurrency in half.

HODL

A misspelling of “hold” that has become a popular term in the cryptocurrency community, often used to express a long-term investment strategy.

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