SOME IMPORTANT TERMS YOU SHOULD
UNDERSTAND AS A CRYPTOCURRENCY TRADER AND INVESTOR
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1. Altcoins: Alternative cryptocurrencies to Bitcoin.
Examples include Ethereum, Litecoin, and Ripple.
2. Initial Coin Offering (ICO): A type of fundraising using cryptocurrencies, similar to an initial public offering in the stock market.
3. Token: A representation of a particular asset or utility that usually resides on top of another blockchain. Tokens can represent assets that are fungible and tradable.
4. Fiat: Government-issued currency, such as USD, EUR or JPY.
5. Mining: The process of verifying transactions on the blockchain. In return for providing this service, miners are rewarded with new coins.
6. Satoshi: The smallest unit of a Bitcoin, named after Bitcoin's creator.
7. Bull Market: A market condition where the prices cryptocurrencies are expected to rise.