✍️ Crypto Slang Terms #4: Your Guide to the Cryptoverse ✍️
🔥 BSCStation Crypto Slang Terms is back with another 5 common words used in the blockchain world to help improve your knowledge in the innovation industry!
▶️ Block size limit
The maximum amount of data that can be included in a block, measured in bytes.
👉 Example: 💰Bitcoin's block size is limited to 1 MB (one megabyte)
▶️ Bollinger bands
A technical indicator used by traders to measure market volatility consists of three lines plotted at standard deviation levels above and below a center line.
▶️ Buy The Dip (BTD)
Buying coins/tokens when the price drops and they're cheap.
👉 Example: Buy the Dip of 🔶️BSCS at $0.008 and gain X3 profit with the current price
▶️ Bullish
When investors are bullish, they expect a price to go up in the future and would be comfortable buying coins/tokens at these levels because they believe it will increase even more.
▶️ Bull market
A market in which prices are rising, and investors expect even better returns.
👉 Example: 2021 Bull Market with 💰Bitcoin reach ATH $65,000
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
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