Crypto Glossary

B

Bagholder

Bagholder is a term for investors who continue to hold onto an asset even after its value has significantly dropped. These investors are stuck holding onto a “bag” of depreciating investments, hoping for a rebound to a profitable price. Bagholders often bought their asset near the peak during a period of FOMO and hype. Additionally, […]

Bitcoin Dominance

Bitcoin Dominance (BTCD) is the ratio of Bitcoin’s market capitalization to the rest of the cryptocurrency market. By knowing BTCD, you can determine the current market share of Bitcoin. So, BTCD is an excellent tool to help you understand trends within the market. BTCD is actually very easy to use. You just need to divide […]

Badwagon Effect

The bandwagon effect refers to the tendency for people to follow trends, attitudes, or actions of others simply because they see many others doing the same.

Bull Market

A positive trend in prices of a market. It describes when a market experiences prolonged price increases.

Brain Wallet

Brain Wallet is a type of crypto asset storage by memorizing the private key or seed phrase in your mind.

Blue Chip

The term “blue chip” is used to describe a cryptocurrency that is considered to be a reliable, stable, and secure investment.

BEP-20

Token standard on Binance Smart Chain.

Bollinger Band (BB)

A technical indicator created by John Bollinger to measure the volatility of an asset by narrowing or widening the upper or lower bands

Beacon Chain

The Beacon Chain is Ethereum’s proof-of-stake (PoS) layer for verifying and settling transactions.

Blockchain Trilemma

The term “Blockchain Trilemma” refers to the widely-held idea that decentralised networks can only offer two out of the three advantages of decentralisation, security, and scalability.

BscScan

BscScan is a blockchain explorer for BNB Chain.