How to trade cryptocurrency
  • 1. What is the term for buying and holding cryptocurrency for the long term?
A) Scalping
B) Hodling
C) Day trading
D) Swing trading
  • 2. Which of these is NOT a common cryptocurrency exchange?
A) Google Stocks
B) Coinbase
C) Kraken
D) Binance
  • 3. What is a 'wallet' in the context of cryptocurrency?
A) A government-issued ID card.
B) A physical wallet for carrying cash.
C) A software program or hardware device that stores your private keys.
D) A bank account
  • 4. What is 'gas' in the context of Ethereum?
A) The fee required to conduct a transaction or execute a contract on Ethereum.
B) The cost of electricity for running a crypto exchange
C) The fuel used to power mining rigs.
D) The profit margin on a trade.
  • 5. What does 'ATH' stand for in cryptocurrency trading?
A) Automated Trading Hub
B) Advanced Trading Handbook
C) Average Trade History
D) All-Time High
  • 6. Which of these is a popular charting pattern?
A) Box and Whisker
B) Head and Shoulders
C) Pie Chart
D) Bar Graph
  • 7. What is 'market capitalization'?
A) The total number of users on an exchange
B) The average price of a cryptocurrency.
C) The number of trades executed in a day.
D) The total value of a cryptocurrency.
  • 8. What is a 'bear market'?
A) A market for only one specific cryptocurrency
B) A market characterized by falling prices.
C) A market that is stable.
D) A market characterized by rising prices.
  • 9. What is 'FOMO' in crypto trading?
A) Fixed Outcome Monetary Offer
B) Fear Of Missing Out
C) Future Order Market Opening
D) Financial Obligation Management Operation
  • 10. What is 'stop-loss'?
A) A government regulation on crypto trading
B) An order to sell a cryptocurrency when it reaches a certain price.
C) An order to buy a cryptocurrency at market price.
D) A mandatory tax on cryptocurrency profits.
  • 11. What is diversification in cryptocurrency?
A) Ignoring market trends and sticking to a single strategy
B) Investing all your money in one cryptocurrency.
C) Using only one cryptocurrency exchange.
D) Investing in a variety of different cryptocurrencies.
  • 12. What is a 'cold wallet'?
A) A wallet that automatically sells your cryptocurrency.
B) A cryptocurrency wallet used for day trading.
C) A wallet that only stores Bitcoin.
D) A cryptocurrency wallet that is not connected to the internet.
  • 13. What is 'arbitrage'?
A) Buying a cryptocurrency on one exchange and selling it on another for a profit.
B) Borrowing cryptocurrency to increase your trading leverage.
C) Donating cryptocurrency to charity.
D) Mining cryptocurrency using specialized hardware.
  • 14. What is 'scalping'?
A) A trading strategy that aims to profit from small price changes.
B) A type of cryptocurrency mining.
C) A trading strategy focused on long-term investments.
D) A type of cryptocurrency wallet.
  • 15. Which of the following is a type of blockchain?
A) Proof-of-Concept
B) Proof-of-Citizenship
C) Proof-of-Stake
D) Proof-of-Work Ethic
  • 16. What is a 'private key'?
A) The password to your email account.
B) A secret code that allows you to access and control your cryptocurrency.
C) A public address used to receive cryptocurrency.
D) The name of your cryptocurrency exchange account.
  • 17. What is meant by 'DeFi'?
A) Department of Financial Innovation
B) Digital Economy Funding Initiative
C) Defensive Investment Fund Index
D) Decentralized Finance
  • 18. What is a 'bull market'?
A) A market for only stablecoins.
B) A market characterized by rising prices.
C) A market that is volatile.
D) A market characterized by falling prices.
  • 19. What is leverage in cryptocurrency trading?
A) Borrowing funds to increase your trading position.
B) Storing your cryptocurrency in a cold wallet.
C) Splitting your cryptocurrency into smaller units.
D) Converting cryptocurrency into fiat currency.
  • 20. What is a 'stablecoin'?
A) A cryptocurrency with a high market capitalization.
B) A cryptocurrency used for privacy.
C) A cryptocurrency that can only be used for online purchases.
D) A cryptocurrency designed to maintain a stable value.
  • 21. What is KYC?
A) Key Yield Calculation
B) Know Your Customer
C) Keep Your Coins
D) Knight Yielding Certificate
  • 22. Which of these is a common indicator used in technical analysis?
A) Moving Average
B) Fortune Cookies
C) Random Number Generator
D) Astrological Charts
  • 23. What is 'staking' in cryptocurrency?
A) Trading cryptocurrency with high leverage.
B) Mining cryptocurrency using specialized hardware.
C) Holding cryptocurrency to support the operations of a blockchain network and earn rewards.
D) Donating cryptocurrency to a decentralized autonomous organization.
  • 24. What is 'mining' in the context of cryptocurrency?
A) Selling cryptocurrency on an exchange.
B) Converting cryptocurrency into fiat currency.
C) The process of verifying and adding new transactions to a blockchain.
D) Storing cryptocurrency in a cold wallet.
  • 25. What is a DAO?
A) Direct Automated Output
B) Data Analytics Online
C) Decentralized Autonomous Organization
D) Digital Asset Offering
  • 26. What is 'slippage'?
A) The amount of fees charged by a cryptocurrency exchange.
B) The amount of cryptocurrency you can borrow with leverage.
C) The volatility of a cryptocurrency.
D) The difference between the expected price of a trade and the actual price at which it is executed.
  • 27. What is a 'hard fork'?
A) A minor update to a cryptocurrency wallet.
B) A temporary suspension of trading on an exchange.
C) A government ban on cryptocurrency.
D) A radical change to the protocol of a blockchain that creates a new cryptocurrency.
  • 28. What is 'yield farming'?
A) Investing in a single cryptocurrency with high growth potential.
B) Mining cryptocurrency using specialized hardware.
C) Trading cryptocurrency with high leverage.
D) Earning rewards by providing liquidity to decentralized finance (DeFi) platforms.
  • 29. What is a 'seed phrase'?
A) A list of words that allows you to recover your cryptocurrency wallet.
B) The public address of your cryptocurrency wallet.
C) The transaction history of your cryptocurrency wallet.
D) The password to your cryptocurrency exchange account.
  • 30. What does 'DYOR' stand for?
A) Do Your Own Research
B) Don't Yield On Returns
C) Daily Yield Optimization Routine
D) Dynamic Yield Over Ride
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