Blockchain is a system (database) that records and stores all data of cryptocurrency exchange transactions.
Bitcoin is the world's first cryptocurrency created by Satoshi Nakamoto in 2009.
Swings - an ambiguous situation in the market, with a major player driving out both long and short players.
Fiat currency - traditional money recognized by the government as legal tender: USD, EUR, UAH...
Cryptocurrency exchange - an electronic platform for buying or selling cryptocurrencies, interacting with them and interacting with fiat currencies
Pump - a manipulative increase in the exchange rate by means of its mass purchase or good news.
Dump - a manipulative decrease in the rate by massive selling or bad news.
Tether (USDT) is the cryptocurrency equivalent of the US dollar.
Hype - the high popularity of a cryptocurrency, the inflating of a bubble.
Cryptocurrency - a payment instrument based on a special code (cipher), this encrypted information is stored in the blockchain system in the form of a unique electronic record.
Cryptocurrency pair - a ratio of two currencies that shows how many monetary units you need to spend to buy another unit: BTC/USDT=30000$, i.e. we need 30000 USDT to buy 1 BTC.
Funding is a financing rate introduced by exchanges to regulate supply and demand between spot and futures markets. When the funding rate is positive, holders of long positions (longs) pay holders of short positions (shorts), when the rate is negative, shorts pay longs. Funding takes place every 8 hours. The rate itself can change during the day and may be different for each trading pair. % The rate is charged on the entire trading volume that is in the transaction.
Whales (market makers) - a group of people with large assets whose deposit allows them to manipulate the market. This term refers to large investors who invest large sums and move the quotes of a digital asset. Competent observation of the whales' actions allows an ordinary trader to choose the best moments to enter and exit positions.
Speculative trading is a transaction for a period of several minutes to a month based on technical and fundamental analysis. Unlike medium- and long-term investments, the fundamental approach is rarely used. Speculative trades are focused on making quick profits in the short term; here we already react to corrections, on which we fix our position, and can enter short positions.
OTC is a platform/channel/chat room where you can buy or sell WhiteLists, allocations, NFTs, and tokens. Often, OTCs are used to buy whitelists and allocations, thus saving time and not trying your luck. If the project looks profitable, you will have the opportunity to buy allocation (for an adequate price), and in the case of NFT, buy a white-list and be guaranteed to be able to buy NFT and bypass high commissions.
On OTC, everything works according to a template:
WTS/WTB
Name (allocation)
Price
Deal guarantor
WTS - Want To Sell
WTB - Want To Buy
Mint - the initial purchase of NFTs through the developer's website, the process of creating NFTs in the blockchain.
Flip is a quick way to make money when we mint an NFT and immediately put it up for sale. We flip both during mining (we mine and immediately sell) and from the secondary market (we buy cheaper and sell more expensive on the news)
Hold is a long-term investment in a project. Having studied the project, we realize that it is more profitable for us not to sell NFTs for a long period of time, as the project brings something new to the crypto world and its development will be a prospect for users.
Marketplace is a secondary market where you can sell your NFTs after a mint. There are the following marketplaces: OpenSea, Rarible, Magic Eden, Solanart, SolSea, etc.
LaunchPad is a platform for NFT minting. Often, launchpads cooperate with marketplaces or are their property.
Floor Price is the price of the cheapest NFTs in the buy now collection.
Properties | characteristics - features of each individual NFT in any collection. The rarer the elements of the characters, the more expensive such NFTs are sold.
Reveal is a PR move for an NFT collection when all tokens are hidden under one image or gif to stir up public interest. The date of the reveal is usually announced. Before the disclosure, all NFTs are considered equivalent, and afterwards, vice versa. Everyone sees which NFTs they have received and their characteristics.
Gas War - when a large number of users try to buy NFTs at the same time. The cost of the commission per transaction at this point can reach more than $1000, while at normal times it is about $20.
Gwei is a numerical value that shows the load of the Ethereum network. To perform any transactions, you need to pay a commission, and it is calculated in Gwei.
<20 Gwei - a quiet network
20-50 Gwei - active network
50+ Gwei - Gas War
WhiteList (wl) is a list of people who have been caught buying NFTs prematurely. Usually, thanks to this, NFTs of popular collections can be replaced without high fees, faster and often cheaper.
BlueChip | Bluechip is a collection that has already earned a reputation in the market and you can not think about buying NFTs from it.
Influencer - an expert in a certain field, a person who shapes the market trend and attitude to projects
Skip means that you are skipping a project and will not look at it closely. Perhaps you were not satisfied with the price, art, or something else, and therefore this project does not arouse your interest.