Cryptocurrencies such as bitcoin (BTC-USD) and Ethereum (ETH-USD) are soaring in value and forecasted to reach new all-time highs.
The latest bull run has caused interest in cryptocurrencies to rise from traditional and institutional investors.
However, one obstacle that makes investors hesitate are the unfamiliar acronyms, memes and technical jargon associated with the crypto-sphere.
Many investors follow the maxim of Warren Buffet that you should “invest in what you know… and nothing more”.
So to understand the world of cryptocurrencies investors must not only learn the crypto-equivalent of traditional terminology associated with stocks and bonds, but also a host of new concepts, such as smart contracts, non-fungible tokens (NFTs) and decentralized exchanges (DEXs).
Continue reading: https://news.yahoo.com/blockchain-and-nfts-how-to-make-sense-of-crypto-terminology-230129456.html
The latest bull run has caused interest in cryptocurrencies to rise from traditional and institutional investors.
However, one obstacle that makes investors hesitate are the unfamiliar acronyms, memes and technical jargon associated with the crypto-sphere.
Many investors follow the maxim of Warren Buffet that you should “invest in what you know… and nothing more”.
So to understand the world of cryptocurrencies investors must not only learn the crypto-equivalent of traditional terminology associated with stocks and bonds, but also a host of new concepts, such as smart contracts, non-fungible tokens (NFTs) and decentralized exchanges (DEXs).
Continue reading: https://news.yahoo.com/blockchain-and-nfts-how-to-make-sense-of-crypto-terminology-230129456.html
