what are various terms in crypto currency trading?
Here are a few common terms that are used in cryptocurrency trading:
Market capitalization: Market capitalization is a measure of the value of a cryptocurrency. It is calculated by multiplying the total number of coins or tokens in circulation by the current price of a single unit. Market capitalization is often used to rank cryptocurrencies by size.
Buy and sell walls: A buy wall is a large order to buy a cryptocurrency at a specific price, while a sell wall is a large order to sell a cryptocurrency at a specific price. Buy and sell walls can be used to manipulate the price of a cryptocurrency, and they can also provide information about the market's sentiment.
Trading volume: Trading volume is the number of units of a cryptocurrency that have been bought and sold over a specific period of time. High trading volume can indicate strong demand for a cryptocurrency, while low trading volume may indicate weak demand.
Bulls and bears: In the context of cryptocurrency trading, bulls are traders who believe that the price of a particular cryptocurrency will increase, while bears are traders who believe that the price will decline.
Altcoins: Altcoins are cryptocurrencies other than Bitcoin. There are many different altcoins on the market, each with its own unique features and technologies.
HODL: HODL is a term that originated in the Bitcoin community and refers to holding onto a cryptocurrency rather than selling it.
These are just a few of the many terms that are used in cryptocurrency trading. It's a good idea to familiarize yourself with these and other common terms to better understand how the cryptocurrency market works.
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