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Common Terms You Should Know to Understand Cryptocurrency (2)

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@OZEX tem is fully aware of the fact that the cryptocurrency industry is full of new technical jargons by which people new to cryptocurrency world may get confused. So, we OZEX team have planned special articles exploring the most common crypto terms used in cryptocurrency market to help our users to become the best participants in cryptocurrency market they can be.

This article is the second of our three part series and covers the terms used for trading in the cryptocurrency market.

2. Trading Related Terms

Exchange

Websites where you can buy and sell cryptocurrencies.

ICO

Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for Ethereum. This is essentially crowdfunding on the Ethereum platform.

Tokens

Referring to the ‘currency’ of projects built on the Ethereum network, which are given to investors in exchange for Ethereum.

i.e. OZEX — OZX

Address

An address is the location from which you would receive, send or hold your currency. These addresses generally manifest in a long string of alphanumeric characters and will look something like:

1KlN5zfH1vgx9CAA17i3Dn9D2gzrHR7dZF

A wallet address is the public portion of the two encrypted keys necessary for a holder to accept or verify a transaction.

Arbitrage

Taking advantage of a difference in price of the same commodity on two different exchanges. Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges.

Pump And Dump

The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.

Bagholder

A person who holds a particular cryptocurrency which decreases in value until it is worthless.

Bearish

An expectation that price is going to decrease.

Negative sentiment or downward price movement

Bullish

An expectation that price is going to increase.

Positive sentiment or upward price movement

Bollinger Band

A margin around the price of a crypto that helps indicate when a coin is overbought or oversold.

FIAT

Government-issued currency, such as the US dollar.

FOMO

Fear Of Missing Out. The overwhelming sensation that you need to get on the train when the price of something starts to skyrocket. This is a rookie mistake where a coin is skyrocketing and you get the feeling it’s going to pump more, so you buy at the peak

JOMO

Joy Of Missing Out. Opposite of FOMO

FUD

Fear, Uncertainty, and Doubt. Baseless negativity spread intentionally by someone that wants the price of something to drop.

Describes time of panic where negative sentiments are over exaggerated

FUDster

Someone that is spreading FUD.

Limit order / limit buy / limit sell

Orders placed by traders to buy or sell a cryptocurrency when the price meets a certain amount. They can be thought of as ‘for-sale’ signs. These orders are what are bought and sold against when traders place market orders.

MACD

Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices.

Market Cap / MCAP

Market capitalization of the coin, the total value held in a cryptocurrency, which is an indicator of its market size. It is calculated by multiplying the total supply of coins by the current price of an individual unit.

Market order / market buy / market sell

A simple purchase or sale on an exchange at the current price. Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books.

Margin trading

The act of ‘magnifying’ the intensity of your trades by risking your existing coins.

Going long

A margin trade that profits if the price increases.

Going short

A margin trade that profits if the price decreases.

Sell wall / buy wall

Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like walls

Mooning

In the crypto-world, it is referring to an upward movement (burst) of price, towards the moon.

ROI

Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money).

Stable coin

A cryptocurrency with extremely low volatility that can be used to trade against the overall market.

Trend Analysis or Technical Analysis. Refers to the process of examining current charts in order to predict which way the market will move next.

Whale

Someone that owns absurd amounts of cryptocurrency.

Without extensive knowledge and experience in cryptocurrency, investing in cryptocurrency market demands a significant amount of time and effort in order to understand the nuances of businesses and market operations, and identify the right investment opportunities.

Participating in cryptocurrency market should be properly assessed by reviewing managerial structure, growth plans, etc., so it is advisable to consult with experts who are familiar with this field and are able to raise fund in the right direction.

OZEX can be your advisor in this new cryptocurrency market.

The dedicated OZEX platform has been designed by a team of experts in cryptocurrency industry. OZEX is a project that automatically airdrops 80 NEW TOKENS that are prospective and verified by the experts to OZX holders (Minimum 1,000,000 OZX) over three years. Therefore, OZEX will play a role in providing convenience, stability and profitability for cryptocurrency market as your advisor.

OZEX, as an investment coin, is currently conducting its ICO in 3 rounds. OZEX will be airdropping 3 different new tokens to every OZEX ICO participant, regardless of the amount of OZX you are holding. Simply join OZEX ICO and guarantee that you will receive verified and prospective extra new tokens.

The OZEX ICO will proceed for two months from June 20, 2018 to August 28, 2018. The first round started on June 26 has successfully ended only in 25 hours. The first-round new airdrop token was ‘LegalBlock’.

The second round will commence on 16th of July, 2018 and the free airdrop token, ‘KICKCOIN’ will be airdropped at a 1 KICK to 100 OZX ratio after the end of OZEX ICO. The hard cap for 2nd ICO round is 200 million OZX and the value of 1 OZX is 0.01 USD.

The OZX token will be listed on an exchange by the end of August 2018 and will be listed on other global exchanges over the next months.