Bots
By CoinGecko | Updated on Mar 03, 2020
Refers to software or programmes that automatically trade based on preset behaviours (eg. buy @ $100, sell at $102, and then repeat). Bots have the advatage of being extremely quick and can react almost instantaneously.
Related Terms
Mineable
A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.
Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
Soft Cap
Targeted fund raising limit of an ICO
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
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