• Cryptocurrencies: 7 545
  • Market Cap: 395 924 197 023 $
  • 24h Vol: 86 984 502 146 $
  • BTC Dominance: 63.007633705216 %

Glossary

Bag

A significant quantity of a specific cryptocurrency is considered a “bag”. How many depends on the definition of the person using the expression. *see Bagholder.

Bagholder

A person who holds large quantities, or bags, of a cryptocurrency. Often used to describe such a person when the price of that cryptocurrency is declining.

Bear

A person who is pessimistic about market prices and expects them to decline. This person is also known to be "bearish" about the market or price. *see Bull.

Bear Trap

A technique played by a group of traders, aimed at manipulating the price of a cryptocurrency. The bear trap is set by selling a large amount of the same cryptocurrency at the same time, fooling the market into thinking there is an upcoming price decline. In response, other traders sell their assets, further driving the price down. Those who set the trap then release it, buying back their assets at a lower price. The price then rebounds, allowing them to make a profit.

Bitcoin ATM (BTM)

A machine from which you can withdraw Bitcoin.

Bitcoin Improvement Proposal (BIP)

A technical design document providing information to the Bitcoin community, describing new proposed features, processes or environments affecting the Bitcoin protocol. Suggested changes to the protocol are submitted as a BIP. The BIP author is responsible for soliciting feedback and consensus for his or her suggested improvements within the community, and documenting dissenting opinions.

BitLicense

A business license issued to cryptocurrency companies in New York, created and provided by the New York State Department of Financial Services (NYSDFS).

Bits

A sub-unit of one bitcoin. There are 1,000,000 bits in one bitcoin.

Block

A container or collection of transactions occurring every time period on a blockchain.

Blockchain

A blockchain is a continuously growing, append-only, list of records called blocks, which are linked and secured using cryptography.