Some coin player terms for newbies:
1. Market:
Bull Market: The market is growing, coin prices tend to increase.
Bear Market: The market is bearish, coin prices tend to decrease.
Sideways Market: The market is sideways, coin prices have no clear trend.
2. Types of orders:
Market Order: Order to buy/sell coins at the current market price.
Limit Order: Order to buy/sell coins at the desired price.
Stop-Loss Order: An order to automatically sell coins when the price drops to a certain level to cut losses.
Take-Profit Order: Order to automatically sell coins when the price increases to a certain level to take profit.
3. Types of coins:
Bitcoin (BTC): The first and most popular cryptocurrency.
Altcoins: Other cryptocurrencies besides Bitcoin.
Stablecoin: A cryptocurrency pegged to another asset such as USD to reduce volatility.
Token: A cryptocurrency issued on the blockchain platform of a specific project.
4. Some other terms:
HODL: Short for "Hold On for Dear Life", is a long-term coin holding strategy despite market fluctuations.
FOMO: Short for "Fear of Missing Out", is the fear of missing out on investment opportunities, leading to hasty coin purchases without thorough research.
FUD: Abbreviation for "Fear, Uncertainty, and Doubt", is a strategy of spreading negative information to reduce coin prices.
Whale: Whale is an investor who owns a large amount of coins that can affect the market price.
Note:
These are just some basic terms, there are many other terms in the coin market.
You should research information carefully before investing in any coin.