Here are 10 essential crypto market terms every beginner must know:
*๐ CRYPTO TERMS FOR BEGINNERS*
*1. WALLET* โ A digital tool to store your crypto (e.g. MetaMask, Trust Wallet).
*2. EXCHANGE* โ A platform to buy/sell crypto (e.g. Binance, Coinbase).
*3. BLOCKCHAIN* โ A decentralized digital ledger where crypto transactions are recorded.
*4. TOKEN vs COIN*
- *Coin*: Native to a blockchain (e.g. BTC, ETH)
- *Token*: Built on another blockchain (e.g. USDT on Ethereum)
*5. BULL MARKET* โ Prices are rising, and investor confidence is high.
*6. BEAR MARKET* โ Prices are falling, and pessimism dominates.
*7. HODL* โ โHold On for Dear Lifeโ โ slang for long-term holding.
*8. FOMO* โ Fear of Missing Out (buying impulsively due to hype).
*9. GAS FEES* โ Transaction fees paid to process operations on blockchains like Ethereum.
*10. MARKET CAP* โ The total value of a cryptocurrency (price ร circulating supply).
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