Cryptocurrency Key Points

1. Cryptocurrency

Cryptocurrencies are digital or virtual currencies that use cryptography for security. They are typically decentralized and based on blockchain technology. Some well-known cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

2. Blockchain

Blockchain is the technology behind cryptocurrencies. It’s a decentralized, distributed ledger that records all transactions across many computers. This makes the transactions secure and transparent, as they can't be altered once they are added to the chain.

3. Exchanges

Crypto exchanges are platforms where you can buy, sell, and trade cryptocurrencies. Some popular exchanges include:

• Centralized Exchanges (CEX): Like Binance, Coinbase, and Kraken, where the platform acts as an intermediary.
• Decentralized Exchanges (DEX): Like Uniswap or SushiSwap, where trades happen directly between users (peer-to-peer).

4. Trading Pairs

Cryptocurrency trading pairs refer to the two types of cryptocurrencies being traded against each other. For example, in the pair BTC/ETH, you are trading Bitcoin (BTC) for Ethereum (ETH) or vice versa. This tells you which cryptocurrency you’re buying or selling.

5. Market Orders vs. Limit Orders

• Market Orders: A market order is when you buy or sell a cryptocurrency at the current market price. It’s executed immediately.
• Limit Orders: A limit order lets you set a price at which you want to buy or sell a crypto asset. The trade will only be executed if the price reaches your limit.

6. Long vs. Short Positions

• Long Position: When you buy a cryptocurrency in the expectation that its price will increase, and you can sell it for a profit.
• Short Position: When you borrow a cryptocurrency and sell it, hoping the price will fall so you can buy it back at a lower price and return the borrowed coins.

7. Volatility

Cryptocurrency markets are known for being highly volatile. Prices can change rapidly, and it can be challenging to predict market trends. This volatility can provide both opportunities and risks for traders.

8. HODLing

The term "HODL" comes from a misspelled word “hold” and is a strategy where an investor holds onto their cryptocurrency for the long term, believing the price will rise significantly in the future.

9. Stop-Loss and Take-Profit Orders

• Stop-Loss: A stop-loss order is a way to limit losses. If the price of a cryptocurrency drops to a certain level, your position will be automatically sold to prevent further losses.
• Take-Profit: A take-profit order is the opposite. It automatically sells your position when the price reaches a certain level of profit.

10. Leverage Trading

Leverage allows you to borrow funds to trade larger positions than your account balance. For example, 10x leverage means you can trade with 10 times more capital than you have. While this can amplify profits, it also increases the risk of significant losses.

Refereces:

https://www.arrl.org/forum/topics/view/4632
https://learn.civiced.org/mod/forum/discuss.php?d=46981#p56383
https://hack1.hackathailand.com/forums/discussion/is-crisc-certification-the-key-to-advancing-your-it-career/
https://www.dengfubike.com/community/xenforum/topic/163229/can-checkpoint-156-31581-exam-enhance-your-threat-prevention-knowledge

https://codoc.jp/sites/xjgejkdT7w/entries/xlYIXjdCTA

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