Skip to content

Instantly share code, notes, and snippets.

@sentenza

sentenza/cryptos.md

Last active March 21, 2021 00:57
Show Gist options
  • Star 1 You must be signed in to star a gist
  • Fork 0 You must be signed in to fork a gist
  • Save sentenza/d922baf976e4a0de91424321851d41a1 to your computer and use it in GitHub Desktop.
Save sentenza/d922baf976e4a0de91424321851d41a1 to your computer and use it in GitHub Desktop.
Download ZIP
Cryptocurrencies and BlockChain useful resources
Raw
cryptos.md

Bitcoin

On October 31st 2008, the programmer/programmers known as Satoshi Nakamoto published this paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied.

In January of 2009, he started mining, creating what is known as the “genesis block.” Bitcoin v0.1 was released six days later. By year-end, over 32,000 blocks had been added to this original block, producing a total of 1,624,250 bitcoins. Since all transactions are public on the blockchain, we know that only a quarter of those bitcoins have ever changed hands, leading some to speculate that Satoshi could be sitting on a stash of roughly one million bitcoins, worth ~$120 million at today’s exchange rate. Who is Satoshi Nakamoto

Papers

News

Wallets

Developer resources

Ethereum and dapps

There are several good existing tutorials available online. But here are the first steps you might take:

  • Read up on the basic concepts. The Ethereum white paper isn't a bad place to start, and some of the tutorials I linked above intersperse conceptual explanations with step-by-step tutorial instructions.

  • Pick a language. There are several language options for working with Ethereum, and it's advisable to either 1) pick the one that most closely resembles a language you know or 2) pick the one that seems to have the most extensive documentation and support (I'd probably go with Solidity based on this metric).

  • Pick a framework and test rpc. I'm mostly familiar with the Solidity frameworks Embark and Truffle and use Ethersim as my test rpc.

  • Look at example projects. Look around Github for projects that use Ethereum (I've been looking at the open source projects ConsenSys has out) to see what best practices are starting to coalesce.

  • Join a community & ask questions. The most progress I've made working with Ethereum has come about because I had people to bounce questions off of. There's a forum, reddit, irl meetups in some cities, and of course this site.

Via Ethereum Stack Exchange

Web3

NFT

Compare Cryptocurrencies

  • Cryptocompare.com seems to be the fastest and simplest web platform for comparing blockchain-based currencies

Reading lists

Raw
jargon.md

The Cryto jargon handbook

HODL

A spin on the investing lingo ‘hold’ — Hold On for Dear Life. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin.

FOMO

Short form for "fear of missing out". The feeling when you see a huge green candlestick on a chart and you don't own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.

FUD

Short form for Fear, Uncertainty and Doubt. Usually used in the form of "xxx spreading FUD again."

Shill

The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin.

Bag Holder

A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins.

Margin Trading

Margin trading with cryptocurrency allows traders to open a position with leverage and trade without putting up the full amount.

Simply put, it increases your buying power through leverage on your existing positions/funds and allows you to buy more cryptocurrencies than what you usually can.

Example: You have a capital of USD 10,000 and gets a 300% leverage on Bitcoin. Now, you can buy/short up to USD 30,000 worth of Bitcoin.

Long

A position that a trader takes. To take a long position on something is to believe its value will rise in the future.

Short

A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future.

Limit Order

An order placed at a future price that will execute when the price target is hit.

Borrowing Rate

When you open a leveraged position, you will be borrowing coins at a pre-determined rate. This rate will be added to reflect your position's overall profit and loss.

Lending Rate

Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades. The lending rate fluctuates throughout the day based on the demand for shorting the coin.

Fill or Kill

A limit order that will not execute unless an opposite order exceeds this limit order's amount.

ICO

Short form for Initial Coin Offering, which takes a page from the usual IPOs investors know. Coins bought during ICOs are usually sold for a profit when the coin first hits exchanges. This is due to the initial hype which increases demand for the coin. On the supply side, ICOs create entry barriers as the buyer has to set up his private wallet to receive the coins from the ICO purchase.

Arbitrage

The act of buying and selling on different exchanges to earn the difference in the spread. Arbitrage opportunities occur due to differences in exchange reputation, community coin preferences and ease of bank funding. Take note that fees, limits and prices could change anytime when you are transferring your coins between exchanges, especially during volatile times.

BTFD

"Buy The Fucking Dip" – When people are running around and selling because of fear, this is the time to buy.

Weak Hands

Those who cannot be patient and sell at loss when the market is down. Buy LOW and sell HIGH!!! In the meantime WAIT FCS!

Token Airdrop

Simply put, an Airdrop means a coin/token is distributed to the community for free or for small tasks. This is done to ensure early distribution and to have as many people with "skin in the game" as possible.

An Airdrop aims to build a huge community easily as people will pay attention to the coin they hold. Furthermore, they tend to promote this coin for profits, and this may cost the Development Team little to achieve the goal of advertisement.

BUY | SELL Wall

A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.

walls Green: buy wall, Red: sell wall

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment