Learn to invest without the jargon

Any cryptocurrency other than Bitcoin. The term comes from 'alternative coin' and covers everything from Ethereum to thousands of smaller projects.

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.

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.

The highest price an asset has ever reached, the strongest psychological reference point on any chart.

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 is the world's first cryptocurrency, a form of decentralized digital money that doesn't depend on any bank or government.

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.

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.