Simple but necessary concepts that everyone has to know

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Exchanges: Online markets that allow you to make cryptocurrency tradings.

Trading: Purchase and / or sale of cryptocurrencies.

Altcoins: Are those coins that are not Bitcoin or Etherium.

Fork: Update that receives a cryptocurrency.

Mooning: When a cryptocurrency suffers a big rise in its value.

Holding: It is when one buys a cryptocurrency with the idea of ​​storing it and not trading it in the short term.

Pump & Dump: Fraudulent strategies that mean "Inflate and Throw", is related to the increase or decrease of a cryptocurrency.

Whales: They are people who have great capital and make use of it buying or selling.

Scam: Fraudulent pages or programs that assure you a gain in exchange for an investment.

Fiat: Money managed by the government.

I hope it helps to new traders to improve your trader skills :)

Simple but necessary concepts that everyone has to know | Ecency