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Altcoins trading is a very good and exciting investment opportunity that can yield high financial returns both in the short and long term its a very attractive market to trade for cryptocurrency users today.
On the other hand it is a highly market to get involve in without having much knowledge about its operate there for as a newbie who want to learn and get started with cryptocurrency trading it will be useful to know some of this terminology I will be introducing you to some common but very vital terms you need to know before venturing in to alternate coin trading. Here are your 'need to know' terminology Altcoins trading.
1. Initial Coin Offering: It is a public or token offering that usually occur prior to the launching of a coin blockchain the organization involve list the shares in order to sell some percentage out if the initial coin supply so as to raise some funds for its development.
2. Market Capitalization: It is refer to as the total worth of a altcoin that is so far release in the market. It is normally calculated by multiplying the number of that particular coin available in the market by the current price of the coin you can see the market cap of some cryptocurrencies on coinmarket cap.com
3. Premine: This is the first batch of coin or all that is produced and released by the developer before before or during the public launching. Premine is mostly initiated to crowd fund the development and promotion of the Altcoins through an initial coin offering (ICO) and sometimes the developer dumps of in the market for quick profit.
4. Instamine: Its different approach compare to premine taken bnthe developer of an Altcoins to erase the fear of coin scam exist and as same time control a huge amount of the coin supply quick mining of the coin is done for some short time after it launching by the developer for little cost.
5. Ninja Tactics: It is one of the way in which instamine is been carried out. The Altcoins is announced all of a sudden and the developers start the mining immediately. Ninja launch used by the developers to announced the coin.
6. Fear Of Missing Out: This are negative stories and rumours about a coin which tend to mislead or crate a false impression to the coin holders who out of fear sell it or jump into pumped coin after which it will be dumped it is often initiated by some unknown group or or by competing coins to bring down the price.
7. Proof of Developers (POD): This is done to reveal the real identity of the developer of an altcoin as some cryptocurrency like bitcoin have anonymous developers whose real identity is not knownthe reason for this is to prevent scam of a premine coin that is usually release in the market by the developers to make quick after which they disappears.
8. Emission Curve: This shows the rates at which coin are processed and generated how its changes per time.
9. Whale: It is a term refers to big money players in Altcoins trading owns a very huge amount of a particular altcoins that can substantially affect the market when the either sell or buy.
10. Bagholders: They are described as traders who are usually in possession of huge amount of a coin that has reduced drastically in value over time. With the hope of making profit from it afterwards.
Do you know any Altcoins trading terms that is not shared here do let us know in the comment section
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