Cryptocurrency Terminology Simplified – Katoch Tubes

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For Crypto Geeks

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1

Altcoin:

Alternate coin represents all coins that  are not Bitcoin.

Ethereum (ETH), it is also  an altcoin

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2

FIAT:

The paper currency in circulation printed by the banks.

Example:  Indian Rupee, US Dollar etc.

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3

FOMO:

An emotion when a trader or investor jumps into the trade without logical analysis.

Fear of Missing out.

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4

FUD

A wave of panic in the market which leads to bearish cycle.

Fear, Uncertainty  and Doubt

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5

Shilling:

A bad practice of endorsing a coin by the investor in order to hype the price.

Part of Pump and Dump practice.

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