Herewith a few crypto words that are most often used. Learn them off by heart.
AltsAlts refer to alternative coins. This includes all other cryptocurrencies besides Bitcoin. For example, Ethereum, Ripple, Monero, Doge etc. AltCoinTrader has an impressive selection of alts that is best suited to South African traders.
ATHAll Time High (ATH) refers to the highest historical price of a coin. This phrase is often used when referring to the potential price a coin can fetch. “The coin is down 20% from its ATH.”
Blood on the streetsWhen there is blood on the streets it means that cryptocurrency prices are going down by atleast 20% and are metaphorically “bleeding”. Bull and bear market
The terms “bull market” and “bear market” are not unique to the crypto space and are also used when trading stocks and bonds etc. Regardless, a lot of new traders get confused with the terms. A bull market indicates the market is aggressive and price can increase. A Bear market is when the bears are in control and the price will go down.