Have you read the term article that all traders need to know in the crypto world # 1 that was uploaded before?
Anyway, let's continue the crypto learning session
1. ATH (ALL-TIME HIGH)
All-time high means the record of the highest price achieved by an asset. For example Bitcoin (BTC) in 2017 when the bull market managed to record a record high of $ 19,798.
Usually when an asset reaches ATH, the investor sells the asset at a high price and this also means that all the holders of the asset make a profit no matter what they buy at any price.
If the asset breaks the ATH price, the asset price is able to continue to soar without any further resistance.
2. ATL (ALL-TIME LOW)
The meaning of all-time low is against ATH, as Ripple assets (XRP) set a record low of $ 0.0027 in May 2014 for 6 years.
Investors will not take the risk of investing in assets that do not show upward movement, as it is not impossible that investors will be trapped by lower depreciation.
3. DYOR (DO YOUR OWN RESEARCH)
In investing, you MUST and MUST do research first before making a decision, rather than depending on others.
There may be income disputes over the bullish or bearish of an asset but that is common in investments and businesses.
4. DD (DUE DILIGENCE)
Just like DYOR, it refers to the rationale of investors or businesses to research and research before making agreements with other parties.
Be aware, in making any agreement, rational action is required to avoid any risk which may be due to hasty action.
5. AML (ANTI MONEY LAUNDERING)
It refers to a number of laws, regulations or procedures that prevent criminals from embezzling money as their legitimate income.
For this aspect, financial institutions such as banks need to monitor all transactions of their customers and report any unusual activities to prevent any crime from happening.
6. KYC (KNOW YOUR CUSTOMER)
Or known as Know Your Client is a guideline that every institution must follow to verify the identity of their customers. This feature plays a key role in preventing money laundering crimes.
That is why if you register at any crypto exchange platform online, they ask to take a photo of the front and back of the identity card or license, including a selfie to ensure the authenticity of the account owner.
Obviously not with the explanation this time?
Friendly order, make sure DYOR when making an investment and do not FOMO when the asset reaches ATH. It is better if you HODLing and maintain momentum with BUIDL before reaping ROI.
