Check out our comprehensive cryptocurrency glossary to help you to understand the basics of Bitcoin, blockchain & cryptocurrencies.

Exit Scam

Time and again, so-called Exit Scam(s) occur in the context of Initial Coin Offerings (ICO). In the process of an Exit Scam, the supposed project founders initially advertise a fake business model in order to raise capital from investors to fund a new blockchain project. The investors’ capital is then stolen in an insider market sale…

CryptoKitties

CryptoKitties is a NFT blockchain game and was developed by Axiom Zen in 2017. The goal of the game is to buy, sell and breed collectibles in the form of digital cats. The collectibles represent ERC721 tokens on the Ethereum blockchain. See also NFT (Non-Fungible Token).

Burn

In the cryptocurrency space, the term Burn refers to a process in which cryptocurrency coins or tokens are intentionally and permanently removed from the Circulating Supply (usually by the developers of the particular coin or token). A coin or token Burn is usually carried out with a variety of objectives – but the main reason…

Bull Run

In the financal sector, the term Bull Run refers to a limited period in a financial market cycle during which asset prices (e.g. cryptocurrencies, stocks or metals) are subject to a constant strong upward trend. A bull run is comparable to a bull market, with the distinction that the bull market usually lasts longer. See also…

Bull Market

The term Bull Market commonly refers to a general upward trend in prices over an extended time frame. In this context, the term Bull refers to a person who is confident and optimistic that the prices of a particular cryptocurrency or the entire cryptocurrency market will rise. Colloquially, this is referred to as being bullish…

Bear Market

The term Bear Market is commonly used to describe a situation where the market experiences price declines of 25% or more from the last All-Time-High. In this context, the term bear refers to a person who expresses pessimism or fear about the future performance of the market. Colloquially, this is referred to as being bearish on…

Bag

In the cryptocurrency space, the term Bag refers to the ( typically above-average) ownership of a particular cryptocurrency. Although there is no generally applicable threshold at which an investor’s cryptocurrency holdings become a bag, it is usually assumed that it must be a larger than average amount of a particular coin or token. Exceptionally large…

Coin Mixer

A Coin Mixer is a service, software, or wallet that mixes cryptocurrencies held by different users to maintain user anonymity and privacy despite the blockchain network being publicly visible to everyone. The use of a Coin Mixer makes it extremly difficult to track individual transactions on the blockchain and has been found to be used…

Altcoin Trader

An Altcoin Trader is a person or institution that trades cryptocurrencies alternative to Bitcoin usually for short term profits. All cryptocurrencies, coins or tokens other than Bitcoin are referred to as Altcoins. The term Altcoin is short for alternative coin. See also: Cryptocurrency, HODL.

Bubble

In financial markets, the term Bubble describes a market situation in which investors drive up the price of an asset above its “real” value. There have been several large Bubbles in financial markets in the past, for example: The Dutch Tulip Mania Bubble (Tulipomania) in 1633-1637 The South Sea Bubble in 1711-1720 The Japan’s Stock…