Hello everyone, hope you are all doing great. I welcome you all to my homework task provided by @besticofinder. Thanks to @steemitblog for this awesome initiative.

^image

Altcoin: Altcoin stands for Alternative coins. An altcoin simply is any cryptocurrency besides bitcoin. Bitcoin launched in 2009. Very soon after developers started trying to improve upon bitcoin and create entirely new currencies with new use cases. That's how we got all the cryptocurrencies we have today. Some of you heard of litecoin, monero, ethereum, etc. These all are altcoin.

^image

Stablecoin: In order for money to work as money, it has to have a consistent value. If a dollar is worth a dollar today, nighty cents tomorrow, and a buck thirty next week, we can't really use it to buy things. Cryptocurrency like bitcoin has that problem. Their price when measured in the dollar is really volatile. That's why developers have created stable coins. Cryptocurrency is designed to keep a consistent price because one dollar of the currency is always worth the same amount. They are useful for day to day purchasing. Stable coins have all the benefits of cryptocurrencies while also having the stability of the dollar. Stable coins you heard of include tether USD coin, basis, etc.

^image

Trading Pairs: In cryptocurrency, “trading pairs” or “cryptocurrency pairs” are assets that can be traded for each other on an exchange — for example, Bitcoin/Litecoin (BTC/LTC) and Ethereum/Bitcoin Cash (ETH/BCH). Trading pairs lets you compare costs between different cryptocurrencies. ¹ So, it's to currencies listed together. The first currency is called the base currency and the second one called quote currency. Now the base currency is the one that you are buying or selling and the quote currency is the one that you are buying with or selling for.

^image

Bag Holder: A bag holder is an informal term used to describe an investor who holds a position in a security that decreases in value until it descends into worthlessness. In most cases, the bag holder stubbornly retains their holdings for an extended period, during which time, the value of the investment goes to zero.²

^image

HOLD: It started out someone misspelling it in the bitcoin form and became a very popular word afterward. It could also stand for a huddle on for life. Usually, people say this from the price is dropping and people get worried. They are like its okay just huddle or just hold and we will be okay.

^image

Sats: Sats is short for 'Satoshis', the smallest unit of bitcoin. A satoshi is a reference for a fraction of a bitcoin. If we take a simple example of fiat currency like a penny then one penny is equal to 0.01 in terms of a pound. Now if we compare this to bitcoin, one satoshi is essentially 0.00000001. So that's a decimal point of 8.

^image

Bear/Bearish && Bull/Bullish ³: The term "bull" or "bullish" comes from the bull, who strikes upward with his horns, thus pushing prices higher. A bull market is when an investment's price is rising—called an uptrend—typically over a sustained period, such as months or years. The term "bear" or "bearish" comes from the bear, who strikes downward with its paws, thus pushing prices down. A bear market occurs when an investment's price is falling—called a downtrend—typically over a sustained period such as months or years. Acting on a bearish or bullish opinion should only be done based on a well-defined and tested trading strategy.

^image

FUD: FUD stands for Fear Uncertainty or Doubts. This is especially if someone comes in trying to scare people to sell their coin mostly if they want cheaper coins for them to buy themselves later. Example: Jamie Dimon spread FUD by saying Bitcoin is a fraud that will eventually blow up.