Explanation of terms in the cryptocurrency circle, a must-read for beginners

Full position

All the account funds are bought into coins. The often-mentioned "all-in" is a full position.

Covering position

For example, if you hold BTC, and then BTC falls, you buy some more BTC to spread the cost

Adding position

You hold BTC, are optimistic about the development of BTC, and then buy some more BTC on the way BTC rises.

Opening position

Also called opening position. Refers to buying a certain number of currencies with account funds.

Reducing position

It is expected that there will be risks in the future market, and some of the currencies held are sold.

Locking position

It means freezing a specific number of cryptocurrency assets in an address or smart contract to prevent them from being transferred or traded within a specific period of time. Locking position is usually to achieve some specific goals or interests.

Empty position

Don't do it, just watch the show. This can be understood in the cryptocurrency circle. The account only has USDT, no other coins.