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Glossary
Quick dictionary for investors
One-line definitions for concepts that show up everywhere. Each term links to an in-depth article.
- Altcoin
Any cryptocurrency other than Bitcoin. The term comes from 'alternative coin' and covers everything from Ethereum to thousands of smaller projects.
- Altseason
The phase of the crypto cycle in which altcoins rise faster than Bitcoin and capital rotates massively into higher-risk assets in search of bigger returns.
- APY / APR
Two ways of expressing an annual return or cost: APR is the simple rate without reinvestment, while APY factors in compound interest, so two products with the same number can pay differently.
- ATH
The highest price an asset has ever reached, the strongest psychological reference point on any chart.
- Bear market
A sustained period of falling prices of more than 20% from highs, with dominant pessimism and risk-off behavior; in crypto, drops of 70-85% in Bitcoin.
- Bitcoin
Bitcoin is the world's first cryptocurrency, a form of decentralized digital money that doesn't depend on any bank or government.
- Bitcoin dominance
The percentage of the total crypto market's value that belongs to Bitcoin, used as a gauge of where capital is flowing within the ecosystem.
- IPO
An IPO, or initial public offering, is the process through which a private company offers its shares to the public for the first time and begins trading on a stock exchange.
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