Traders Dictionary

Altcoin, alternative coin, alts The general name of all cryptocurrencies offered as Bitcoin alternative. For example, Litecoin, Namecoin, Novacoin, all mentioned above known as altcoins. ASIC Application Specific Integrated Circuit made for solving one task. A silicon chip, that looks similar to any processor or memory, designed to carry out only one task. ASIC for Bitcoin mining customized for SHA-256 algorithm calculation, which is its cornerstone. Ask The buy price. Bear market The situation on the market, when there is a steady price decline observed. Bear/Bearish Candle Candlestick with the…

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