Fundamentals of Cryptocurrency Market

As it is known, in the financial world, there is an official relationship with cryptocurrencies. revolution is happening. Cryptocurrencies have been attracting a great deal of attention lately, both with the innovations they bring to the traditional finance world and the earning opportunities they provide to investors who want to diversify their investments.

These markets high risk and highly volatile (volatile) Considering the fact that investors and investor candidates should know about directing their investments to cryptocurrencies, some basic concepts there is.

Let’s start with the person behind the crypto revolution: Satoshi Nakamoto

The true identity of this person, known as the creator of Bitcoin and officially revolutionizing the financial world, is still unknown today.

• Cryptocurrency: It is a virtual currency technology that exists with blockchain technology and has no physical form.
• Blockchain: A type that contains a record of all transactions made in the form of blocks added to each other. decentralized registry. Blockchain, distributed ledger technology transactions irrevocably and makes the recorded data available to everyone, eliminating the need for central authority.

“Bitcoin” is the first cryptocurrency that emerged in 2009.

• Altcoins: which means alternative coin and Cryptocurrencies other than Bitcoin given name.
• Stable Coin (Stablecoin): It is a type of cryptocurrency that was created to reduce volatility in prices and whose value is indexed to another currency, such as the American dollar.
• Shitcoin: The name given to crypto assets that have no use, low value and high probability of failure.
• Memecoin: It is a type of coin that has no intrinsic value and purpose and is used only for humorous purposes.
• Token: If tokens, no blockchain network of its own and cryptocurrencies created using the blockchain of other cryptocurrencies.
• NFT: Opening “It is the name given to digital assets that are “non-fungible tokens” (non-tradable tokens) and each of them is unique and therefore cannot be exchanged with each other.

“Mining”, on the other hand, is a kind of cryptocurrency.

• Mining: It is the process of confirming transactions on the blockchain network by solving complex mathematical problems, performed by people seen as network participants. For those who do this “miner” (miner) They are called and usually exchange a certain amount of cryptocurrencies in exchange for the transactions they approve. they get paid.
• Staking: It means locking your cryptocurrencies for a certain period of time in order to support a certain cryptocurrency network. Investors are rewarded with more coins during the process of staking their coins.
• Airdrop: Blockchain based projects free crypto money.
• Initial Coin Offering (ICO): ICO, short for “initial coin offering”, is a cryptocurrency to fund a blockchain-based project. first time is to be put on the market.

There are two types of wallets where you can store your crypto assets: “hot wallet” and “cold wallet”.

• Cold Wallet: Cold wallets, which are basically a USB stick, offline allows it to be stored. It is a recommended and safe storage method due to its protection against the risk of hacking.
• Hot Wallet: It is a type of cryptocurrency wallet that can be accessed online.

The concepts of “bear” and “bull” are the leading concepts for movements in the markets.

• Bear Market: your prices to the decline It is the name given to the market it passes through.
• Bull Market (Bull Market): Your prices on the rise It is the name given to the market it passes through.
• Inflate (Pump): A sharp upward trend is seen in the price of assets.
• Dropping (Dump): A sharp decrease in the price of assets.

Cryptocurrency exchanges are digital platforms that allow investors to buy and sell.

Unlike traditional exchanges, cryptocurrency exchanges only crypto assets allows it to be bought and sold. Various transactions can be made on these exchanges as follows.

• Order: It is the general name given to the buy or sell commands given to trade on the stock exchanges.
• Limit Order: For the execution of the buy and sell order that the investor will give while trading with a crypto asset determines the maximum and minimum price is an instruction.
• Derivatives: Usually between two parties and the investor’s price of an asset. future value are the transactions carried out for the prediction made on the basis of it. Derivative products can bring high returns very high risk Let’s point out that since there are transactions, especially when used only for estimation without relying on technical or fundamental analysis, it can also bring huge losses.

To ensure the security of your account and information, it is useful to know these concepts:

• Two-Factor Authentication (2FA): To authenticate the user two different components using method. Usually, applications such as SMS 2FA and Google 2FA are used in addition to the password.
• Anti-Phishing Codes: With the codes created to prevent fraud attempts known as phishing, which manipulate users to obtain passwords and similar information, you can be sure that the e-mails sent to you really come from the institution in question. If the incoming mail contains the code specially created for you, there is nothing to be afraid of.
• Whitelist: Exchanges or your crypto wallet that you can use and only designated accounts It is a security measure that allows withdrawals from your address and requires two-factor authentication to disable it.

These concepts, which are frequently used, are the jargon of crypto money investors.

• ATH: ATH, which stands for “all time high” and stands for “all time high”, is used to indicate that a cryptocurrency is at its highest price level in its history.
• BTD: BTD, short for “Buy the dip”, means to buy a cryptocurrency at the cheapest price.
• DYOR: The abbreviation from the initials of the sentence “Do Your Own Research”, “do your own research” means.
• To the Moon: “To the Moon”, which means “to the moon”, is used to express that the price of a cryptocurrency will go up a great deal.
• Whale (Whale): The name given to investors who hold huge amounts of crypto assets.
• Fear of Losing (FOMO): known as FOMO “Fear Of Missing Out” that is, the fear of losing means that traders impulsively trade on the trades of other traders without relying on analysis and logic, for fear of missing out on a better outcome.
• FUD: “FUD”, which consists of the initials of the words “fear, uncertainty and doubt”, which means fear, uncertainty and doubt, is the reason for investors to fall into the aforementioned emotions due to the news about the market. It usually causes prices to fall because investors make sales.
• HODL: As a result of a typo in a forum by an anonymous user by typing “hodl” instead of “hold”, crypto investors among cryptocurrencies “to hold” The word “hodl” is used instead of the word “hold”, which means