Crypto terms you should know
As with any new technology, cryptocurrency comes with its own jargon. If you plan to buy, invest or trade-in cryptos, learning the most used terms will help you understand how blockchain and cryptocurrencies work. Here are just some of the key terms you will come across.
ATH stands for all-time-high, which refers to the highest price (or market cap) that an asset or cryptocurrency has reached since its listing or inception. An example, the highest ever-recorded ATH of Bitcoin’s price is $63,850 on 16 Apr 2021 at the time of writing. That means this was the highest price that Bitcoin ever reached.
HODL is short of “Hold on for dear life”. Interestingly, HODL is a term derived from a misspelling of “hold” that refers to buy-and-hold strategies in the context or cryptocurrencies, which is meant to encourage people to not impulsively sell when a cryptocurrency drops dramatically or rises to become highly profitable to sell.
Fiat money is a currency established as money often by government regulation like US Dollar, Euro, Yen, etc. “Fiat to crypto” means buying cryptocurrency with fiat money. For example, you can buy BHO token price in IMO round 1-2-3 with only USD 0.0045 – USD 0.0050 – USD 0.0055 respectively.
A shill, or shilling, refers to the person or the fact of enthusiastically promoting a cryptocurrency or a crypto project. In attempts to create buzz, the person(s) publicly endorses the product. For example, Elon Musk’s suggestive tweets about Bitcoin and Dogecoin.
SATS is shorthand for Satoshi, the smallest unit of Bitcoin (BTC). Simply imagine that one bitcoin is equivalent to 1,000,000,000 satoshis. Instead of looking at bitcoin in terms of a dollar value, real traders look at sats. An interesting fact is that Sat is named after the creator of bitcoin, Satoshi Nakamoto, but Nakamoto’s identity remains a mystery.
A smart contract is a self-executing, business automation application that runs on a decentralized network such as blockchain. A smart contract greatly shortens transaction time, and this is also a feature of many cryptocurrencies including $BHO of BHO Network.
Besides, if you wish to hold on to BHO Token for dear life, the BHO Network IMO round 2 purchase period will start at “13:00 4/9/2021", those who have successfully registered an account and provided their BEP20 wallet details may participate in IMO – Round 2 at $0.0050 (limit: $100 - $5000). IMO Round 2 will end at “13:00 6/9/2021”, or until 70.000.000 BHO tokens (equivalent to $350.000) are sold out, whichever comes first.
Register now: https://imo.bholdus.com/
Follow us for more exciting news!
BHO Network website: https://www.bholdus.com/
BHO Network Telegram Channel: https://t.me/Bholdus
BHO Network 🌍 Global Community: https://t.me/Bholdus_ENcommunity
BHO Network Facebook: https://www.facebook.com/bholdus/
BHO Network Twitter: https://twitter.com/bholdus
BHO Network LinkedIn: https://www.linkedin.com/company/bholdus
Published on August 30, 2021
Bitcoin plunges: A bust or a buy?
Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments
June 03, 2021
Crypto recovery is happening
Market shows signs of crypto recovery
July 07, 2021
Blockchain 101: What is blockchain, and how does it work?
Blockchain for beginners
July 10, 2021
Vietnam & Singapore to Negotiate on Digital Trade Agreement
What could this deal mean for investors in these two countries?
July 13, 2021
Familiarized yourself with crypto via these terms
Get started on your crypto journey with these terms!
July 14, 2021
How to do a referral?
3 simple steps for you to do a referral and earn an attractive commission!
August 25, 2021
What's the difference between CEX and DEX?
How well do you understand the two types of exchanges in the crypto markets?
August 26, 2021
DEFI for the real world
So, what exactly is DEFI? How will BHO Network bring it in the real world?
August 31, 2021