🔎Today, I have sorted out the "jargon" of the cryptocurrency circle. Friends who don't know it yet, hurry up and learn it:
1. What is legal tender?
Legal tender is legal tender, issued by the country and the government, and only guaranteed by the government's credit, such as RMB and USD
2. What is a position?
Cryptocurrency position building is also called opening a position, which refers to the trader buying or selling a certain amount of digital currency.
3. What is a stud?
Cryptocurrency stud means investing all the principal.
4. What is a locked position?
Locking a position generally refers to investors opening a new position opposite to the original position after buying and selling contracts, when the market shows a trend opposite to their own operations. It is also called locking, locking orders, and even called butterfly double flying.
5. What is a break?
Break refers to a drop, and issue refers to the issue price of digital currency. A break in the cryptocurrency circle means that a certain digital currency has fallen below the issue price.
6. How to read the K-line chart?
K-line charts (Candlestick Charts) are also called candlestick charts, Japanese lines, yin-yang lines, bar lines, red and black lines, etc. The common term is "K-line". It is drawn based on the opening price, highest price, lowest price and closing price of each analysis period.
7. What is arbitrage?
Recharge cash to platform A with a lower price, and then buy Bitcoin; then withdraw Bitcoin from platform A, and recharge it to platform B with a higher price immediately after receiving it; after the recharged Bitcoin arrives at platform B, sell it immediately, withdraw the cash received immediately, and then repeat the steps.
8. What is hedging?
Generally, hedging is to conduct two transactions with related market conditions, opposite directions, equivalent quantities, and offsetting profits and losses at the same time. In the futures contract market, buy the same number of positions with different directions. When the direction is determined, close the opposite direction position and retain the positive direction to obtain profits.
9. What is good news?
Good news: refers to the news that the currency has received attention from the mainstream media, or a certain technical application has made breakthrough progress, which is conducive to stimulating price increases.
10. What is bad news?
Negative news: news that causes the price of the currency to fall, such as technical problems with Bitcoin, central bank suppression, etc.
11. What is trading volume?
It reflects the number of transactions and the number of buyers and sellers. It can generally be measured by the number of transactions and the transaction amount.
12. What is a rebound?
A price adjustment phenomenon in which the price of a currency rebounds due to a rapid decline in a downward trend. The rebound is smaller than the decline.
13. What is consolidation?
It usually refers to a market in which the price change is small, relatively stable, and the highest price is not much different from the lowest price.
14. What is a callback?
In the bull market, the price of a currency rises strongly, but it temporarily falls back due to a rapid rise in price, which is called a callback. The decline is smaller than the rise.
15. What is leverage?
Leverage trading, as the name suggests, is to use a small amount of funds to invest several times the original amount in the hope of obtaining a return rate several times the volatility of the investment target, or a loss.
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