PNM CryptoTrade Glossary

Bear, Bid Price, Block, Blockchain

CryptoTrade Glossary (Bear, Bid Price, Block, Blockchain)

CryptoTrade Glossary 
Bear

A Bear is someone who thinks the market value will go down. A bear market is a prolonged period of falling prices.

Bid Price

It is the price a buyer is willing to pay for a certain cryptocurrency (The opposite of Ask Price).

Block

Each block (blockchain building unit) holds a historical database of all cryptocurrency transactions made until the block is full.

Blockchain

The blockchain is a distributed ledger of all the transactions ever made in a particular cryptocurrency.

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