CRYPTOCURRENCY

What Does CRYPTOCURRENCY Mean in a Text?

Trading in Crypto

TikTok is rammed with get-rich-quick schemes based on the cryptocurrency market. However, despite all the innovation and potential for long-term growth with cryptocurrency, the market remains highly volatile. Yes, this offers the potential for high returns quickly, but it also means lightning-fast losses are also a possibility. If you're planning to trade, get familiar with the cryptocurrency terms, do your own research, and know the risks. Here is the term you're looking for:

CRYPTOCURRENCY means "Digital or Virtual Currency."

More Observations...

A CRYPTOCURRENCY is a "Digital or Virtual Currency" designed to work as a medium of exchange in place of official currencies. Cryptocurrencies use cryptography to secure transactions, control the creation of additional units, and to verify the transfer of assets. They are organic in nature (i.e., they are not issued by any central authority), therefore cryptocurrencies are theoretically immune to manipulation by governments and banking authorities. Bitcoin, launched in 2009, was the first CRYPTOCURRENCY to gain widespread publicity. Since then, thousands of other cryptocurrencies have been created, including: Ether, Litecoin, Monero, Namecoin and Ripple. These Bitcoin alternatives are collectively referred to as "altcoins".

Image for CRYPTOCURRENCY

When I write CRYPTOCURRENCY, I mean this:

"Digital or Virtual Currency"

Summary of Key Points

We have summarized the key points in the table below:

CRYPTOCURRENCY
Definition:	Digital or Virtual Currency
Type:	Slang Word (Jargon)
Guessability:	2: Quite easy to guess
Typical Users:	Adults and Teenagers

Example of CRYPTOCURRENCY Used in a Text

You might also like...