TERMS FOR BEGINNERS Part 2

- HODL (Hold On for Dear Life) This started as a misspelling of the word “Hold”. Hodl coin is a form of long-term investment, investors buy and store for a long time waiting for price increases.

- MM (Market Maker) are individuals or organizations that play the role of creating liquidity in the market.

- Stable coin: This is a cryptocurrency with extremely low volatility that can be used to trade almost like fiat currency (FDUSD, USDT)

- Pump: price increases sharply

- Dump: price drops sharply

- P2P transactions: Peer-to-peer refers to direct, decentralized cryptocurrency interactions between two or more parties. No bank or other financial institution is required as a third party.

- ROI - stands for Return On Investment, this is a capital return index. Simply put, "profit" - profit (in %) on the total investment amount.

- SL (Stop loss) cuts loss

- TP (Take Profit) takes profit

- PnL (profit and loss) profit and loss

- Coin and token, Coin is the only electronic currency that owns its own Blockchain. As for tokens, they depend on the Blockchain of other coins. However, some Blockchains synchronize their coins with standards such as tokens for easy internal exchange.

- Know your customer (KYC) This is the process of verifying customer identity to avoid money laundering. Often KYC requires CCCD or cards containing other personal information

- To the moon, a phrase indicating that a coin will increase in value extremely strongly in the future.

- Fiat Currency Fiat currency is a currency created by governments such as VND, USD, EURO...

*** This content I collected on the internet and arranged and edited is not content I created.

Go to the page to see part 1