Crypto Glossary

B

Buy The Dip

“Buy the dips” is a common phrase investor and traders hear after an asset has declined in price. They are buying when the price drops in order to profit from a potential future price rise.

Bull Market

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

Bull Trap

A false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level.

Bubble

A bubble is an economic cycle characterized by the rapid escalation in the price of assets. This fast escalation is followed by a quick decrease in value or a contraction.

Blockchain

A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronological order

Block Height

Number of blocks in the chain between any block and the first block in the blockchain (genesis block or block 0).

Block Header

Number of blocks in the chain between any block and the first block in the blockchain (genesis block or block 0).

Block Explorer

An online blockchain webpage that allows users to search for information on the blockchain such as transaction, balances etc.

Block

A data structure that stores transaction data. When a block filled and chained onto previously filled block, it will form a blockchain.

Bitcoin

A cryptocurrency invented in 2008 by a pseudonymous developer named Satoshi Nakamoto.

BEP-20

Token standard on Binance Smart Chain.

BEP-2

Token standard in the Binance Chain ecosystem.

Bear Trap

A false technical indication that occurs when the performance of a market incorrectly signals a reversal of a rising price trend. This can occur in all types of markets including cryptocurrency.

Bear market

A negative trend in prices of a market. It describes when a market experiences a prolonged price declines.

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Trading and investing in crypto assets is a high-risk activity. Past information does not reflect future performance. Historical performance, expected returns, and projected probabilities are provided for informational and illustration purposes. All decisions on trading crypto assets are independent decisions by the user.