Glossary
139 terms to sharpen your crypto trading knowledge
Bags
A "bagholder" is a trader holding a cryptocurrency that has fallen significantly in value, continuing to hold in hopes of recovery rather than accepting a loss.
Bear Market
A bear market is a sustained period of falling asset prices and negative investor sentiment, during which crypto assets can lose the majority of their value from peak prices.
Benchmark
A benchmark is a standard reference point used to evaluate the performance of a trading strategy or portfolio, typically a market index or a major cryptocurrency like Bitcoin.
BEP-2
BEP-2 is the token standard on Binance Chain used to issue and transfer digital assets, serving as the foundation for tokens traded on Binance DEX and other Binance Chain applications.
BEP-20
BEP-20 is the Binance Smart Chain token standard for fungible tokens, defining a common interface that enables wallets, exchanges, and DeFi protocols to interact with any compliant token.
BEP-721
BEP-721 is the Binance Smart Chain token standard for non-fungible tokens (NFTs), defining how unique, indivisible digital assets are created, owned, and transferred on the BSC network.
BEP-95
BEP-95 is a Binance Evolution Proposal that introduces a real-time burning mechanism on BNB Smart Chain, automatically burning a portion of gas fees collected with every block to reduce BNB's circulating supply.
Beta (Coefficient)
Beta coefficient measures an asset's price volatility relative to the broader market, where a value above 1 indicates greater volatility than the benchmark and below 1 indicates less.
Beta (Release)
A beta release is a feature-complete but pre-launch version of software released to a limited audience for testing, allowing developers to identify and fix remaining issues before public release.
Bid Price
The bid price is the highest price a buyer is currently willing to pay for an asset, representing the immediate sell price available to anyone looking to exit a position at market.
Bid-Ask Spread
The bid-ask spread is the difference between the highest price a buyer will pay and the lowest price a seller will accept, representing the implicit cost of executing a trade in any market.
Bitcoin
Bitcoin is the world's first cryptocurrency, operating on a decentralized blockchain with a fixed supply of 21 million coins.
Bitcoin Cash
Bitcoin Cash (BCH) is a 2017 fork of Bitcoin created to increase block size and improve transaction throughput for everyday payments.
Bitcoin Dominance
Bitcoin dominance measures Bitcoin's market capitalization as a percentage of the total crypto market cap, serving as a key indicator of capital rotation between Bitcoin and altcoins.
Bitcoin Maximalist
A Bitcoin maximalist believes Bitcoin is the only legitimate cryptocurrency, rejecting all other digital assets as inferior or unnecessary.
Bitcoin Pizza
Bitcoin Pizza Day commemorates May 22, 2010, when programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas — the first known commercial transaction using Bitcoin.
Block
A block is a batch of verified transactions permanently recorded on the blockchain, linked to the previous block through a cryptographic hash.
Block Explorer
A block explorer is a publicly accessible tool that lets anyone view and verify transactions, wallet balances, and block details on a blockchain network in real time.
Block header
A block header is the metadata section of a blockchain block containing the timestamp, a reference to the previous block's hash, and other key data used to verify the block's integrity.
Block Height
Block height refers to the total number of blocks that have been added to a blockchain since its genesis block, serving as a measure of the chain's length and a reference point for protocol events.
Block Reward
A block reward is the cryptocurrency paid to miners who successfully add a new block to the blockchain, compensating them for their computational work and introducing new coins into circulation.
Blockchain
The blockchain is a decentralized digital ledger that records transactions in linked blocks, making the history permanent and tamper-resistant.
Bounty
A bounty program rewards individuals for completing specific tasks for a blockchain project, such as finding security vulnerabilities, creating content, or testing new features, in exchange for cryptocurrency tokens.
Breakout
A breakout occurs when an asset's price moves above a resistance level or below a support level with increased volume, signaling a potential continuation of the move in the breakout direction.
BTFD
BTFD ("Buy The F***ing Dip") is crypto trading slang for purchasing an asset during a price decline, betting that the drop is temporary and that prices will recover to generate a profit.
Bull Market
A bull market is a sustained period of rising asset prices and high investor confidence, during which cryptocurrencies often experience dramatic gains driven by growing adoption and speculative interest.
Buy Wall
A buy wall is a large concentration of buy orders at a specific price level in the order book, acting as a support level that can prevent prices from falling below that point.