They are extremely popular with technical analysts who trade the financial markets since they can be applied to any timeframe. – investopediaįibonacci: Fibonacci was an Italian mathematician who came up with the Fibonacci numbers. dollar, the euro, and other major global currencies. Most modern paper currencies are fiat currencies, including the U.S. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money. This can be via Defi or Staking.įIAT: Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Yield Farming: Holding a proof of stake coin or proof of work coins to gain more coins. Stable Coin: These are coins coupled to the US Dollar and is considered “Stable”ĭefi : Deregulated finance is when you loan proof of work coins like BTC, LTC, Matic, Synthetic and gain interest in that coin. Proof Of Stake: Get coins by Holding them or “Staking them”. BTC, LTC, ETH ( Ethereum is converting to proof of stake). Proof Of Work: Get paid coins by Mining them. Ethereum has a lot of tokens running on its platform. They are highly volatile but tend to do well historically as BTC climbs.
Rich folks and Traditional investors used to think it was a scam and they are gobbling it up now.Īlt Coin: All other coins after Bitcoin (BTC) are considered Alternate Coins. Traditionally highly volatile but historically goes up in value over time. “as bitcoin gains ground, more companies have started accepting the cryptocurrency” – Wiki wiki wikapediaīitcoin: The first Crypto currency is now liken to digital gold.Crypto Currency: a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank “decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation”
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