5/6/2023 0 Comments Crypto lingo![]() : Bitcoin - The First Cryptocurrency Block Where Bitcoin is widely accepted as too volatile to be useful as a currency, Bitcoin Cash is designed to be better optimized for transactions. Bitcoin CashĪ peer-to-peer electronic cash system that formed from a fork of the original Bitcoin. In the past months alone, the price of Bitcoin has fluctuated from a record high of $60,000 to below $30,000. While its value has climbed steadily since then, it has seen wild fluctuations. The first and most valuable cryptocurrency, launched on Jan. : Follow These Personal Finance Experts if You’re Curious About Crypto Bitcoin Experts say you should largely stick to the bigger, more mainstream cryptocurrencies as an investment. Altcoins can be anything from the second-most popular coin, Ethereum, to any of the thousands of coins with very minimal market value. RELATED: Top Crypto News This Week Crypto Terms You Should Know AltcoinĪn altcoin is any coin that’s not Bitcoin. Here are some of the terms and phrases that will help beginners better understand the world of crypto investing. And, like we’ve said before, you should only ever put into crypto what you’re willing to lose, and experts recommend dedicating no more than 5% of your portfolio to these digital assets.īut another item you should add to your checklist is at least a beginner’s understanding of what you’re getting into, including how crypto differs from other investment strategies, and the different factors that can affect a cryptocurrency’s market value. There are a few prerequisites we recommend before you buy into crypto, like stocking your emergency fund, paying down high-interest debts, and securing a traditional retirement plan. That’s especially true when it comes to a speculative - and still evolving - asset like crypto. Between unfamiliar acronyms, emerging technologies, and keeping up with memes and tweets, just learning the basics takes time, even for seasoned traditional investors.Īs with any investment, it’s important to understand exactly what you’re investing in before you start. They’re among the many new and key terms in the language of cryptocurrency.Ĭryptocurrency isn’t just a novel investment option, and in many ways represents a different world altogether compared to traditional stocks and bonds. No, these are not words from a newly-discovered alien language. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission. We want to help you make more informed decisions.
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