1. 1 One of these is not a cryptocurrency?

    1. Bitcoin
    2. Ethereum
    3. Bitsense
    4. US Dollars
    Correct!
    Wrong!

    US Dollar is not a cryptocurrency because it is centralized and controlled by the government.

  2. 2 Which of these is an example of a cryptocurrency Pair?

    1. BTCT/DBT/EET
    2. BTC/ETH
    3. BTCxETH
    4. BTC-ETH
    Correct!
    Wrong!

    Cryptocurrencies are usually Paired with this / sign.

  3. 3 In an Exchange, Cryptocurrencies can only be traded in ----------?

    1. Doubles
    2. Exchanges
    3. Liquid Markets
    4. Pairs
    Correct!
    Wrong!

    Cryptocurrencies are usually traded in pairs. E.g BTC/ETH

  4. 4 In Cryptocurrency trading BULLS & BEARS are?

    1. Sellers & Buyers
    2. Sellers & Sellers
    3. Buyers & Sellers
    4. Buyers & Buyers
    Correct!
    Wrong!

    The Bulls and the bears are called buyers and sellers in cryptocurrency trading.

  5. 5 The Bulls push the price down while the bears push the price up. True/False

    1. True
    2. False
    3. Maybe
    4. I don't know
    Correct!
    Wrong!

    The Bulls are Buyers, which means they are the ones demanding. When demand is high the price goes up.

    The Bears are sellers, which means they are the suppliers. when supply is too much the price goes down.

    In other word the bulls push the price upward while the bears bring it

  6. 6 Which of these is not true of Bitcoin?

    1. It is the most liquid of all cryptocurrencies.
    2. It is the first examples of growing cryptocurrency known as money
    3. It is centralised with a decentralised nature
    4. It holds the largest market share in the cryptocurrency industry
    Correct!
    Wrong!

    Bitcoin is not a centralized currency. It is only decentralized.

  7. 7 All cryptocurrencies except Bitcoin are called------?

    1. Alttcoin
    2. Altcoin
    3. Atecoin
    4. Altercoin
    Correct!
    Wrong!

    All other cryptocurrencies in the crypto market except bitcoin are known as Altcoins (Alternate cryptocurrencies)

  8. 8 Cryptocurrencies has a physical and central location from which all coins are traded. True/False

    1. True
    2. False
    3. Maybe
    4. I don't know
    Correct!
    Wrong!

    False, Cryptocurrencies are traded  around the globe without a central location.

  9. 9 OTC in cryptocurrency trading means?

    1. Over Trading Counter
    2. Over Transaction counter
    3. Over The Counter
    4. Over The Corners
    Correct!
    Wrong!

    OTC is Known as ''Over The Counter'' trading. 

  10. 10 As a trader which of these is more important to you?

    1. Price
    2. Liquidity
    3. Buying
    4. Selling
    Correct!
    Wrong!

    Liquidity is the most important thing for all traders because it allows them to speculate easily in the market.

Understanding What Cryptocurrency Market Is.

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