📚Coinstore Classroom: Crypto Trading 101 — Part 2 😎
Hello again Coin Collectors,
Carrying on from the previous part of Coinstore Classroom📒, on basic terms or phrases, we would like to share with you. We hope that through this corner, we are able to share with you some knowledge and tips 💡 on cryptocurrency! As such, we hope to be able to share and educate you on the basics and necessary information of cryptocurrency, so that you are able to make a more informed decision when trading crypto.
For this session of Coinstore Classroom, we will be sharing with you terms used to describe the market and certain trends.
Here are the 5 terms or phrases we would like to share with you:
1. Bull Market:
A bull market is a period of time in financial markets when the price of an asset or security rises continuously.
2. Bear Market:
Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and/or declining economic prospects.
Bear markets can be cyclical or longer-term. The former lasts for several weeks or a couple of months and the latter can last for several years or even decades.
Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors.
Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company’s business model.
Downtrends are characterized by lower peaks and troughs and imply fundamental changes in the beliefs of investors.
Downtrends are coincidental with changes in the factors that surround the security, whether macroeconomic or specifically associated with a company’s business model.
A rally is a short-term and often sharp upward move in prices.
In general, a rally is cause by positive surprises or economic policies that make asset prices more attracting in the near term.
Here are another 5 basic terms we thought you should know before making trades in the cryptocurrency market! Stay tuned for part 3, to find learn more terms and phrases regarding cryptocurrency trading! 😉
It’s never too late to start diving into the world of cryptocurrency. Whether you’re young or old, a pro or a newbie, Coinstore welcomes you to our arcade where we learn together… the fun way! We make cryptocurrencies available for everyone in a sleek, exciting and simple fashion, equipping you with experience and techniques to buy, sell and trade on the go.
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