Digital Gold or Digital Gamble?
You have probably heard of Bitcoin, Ethereum, or Dogecoin. These are called cryptocurrencies. Unlike dollars or euros, no government controls them. They exist only on computers. Some people call them "digital gold" because their value can skyrocket. Others call them a gamble because their value can also crash overnight. Understanding how crypto works — and how risky it is — matters before you ever buy a single coin.
📚 Vocabulary
Words from this article that appear in our vocabulary books.
| Word | Definition |
|---|---|
| About | a bit more or a bit less |
| Account | description-1) a written or spoken description that says what happens in an event or process.2) WITH A SHOP/COMPANY an arrangement that you have with a shop or company, which allows you to buy goods or use a service now and pay for them later.3) 8 BILL a |
| Additional | more than has been experienced or mentioned before. extra, further |
| Afford | provide,to provide something or allow something to happen |
| Allocation | distribution |
| Anonymous | nameless/incognito- unknown by name |
| Approach | come near or nearer to |
| Approximately | roughly-more or less than a number or amount |
| Asset | 1) advantage,something or someone that is useful because they help you succeed or deal with problems.2) the things that a company owns |
| Authority | the right to command or enforce obedience; power delegated to another |
| Bank | slopping raised land, especially along the sides of the river |
| Breakthrough | revolution, success, advance, development, innovation, progress;an important new discovery in something you are studying |
| Bubble | (in finance) a temporary and fragile situation caused by a rapid increase in sth |
| Can | used with see, smell or taste in the continuous tense |
| Central | essential, more important and having more influence than anything else |
| Challenge | call to a fight |
| Collapse | a breakdown; to fall in; break down; fail suddenly; fold together |
| Core | center, hub, nucleus |
| Currency | monetary unit # money |
| Despite | in spite of |
| Enable | allow |
| Energy | the ability to be very active without getting tired |
| Entirely | wholly,completely and in every possible way |
| Essential | necessary; very important |
| Exceed | beyond above: surpass, 1) to be more than a particular number or amount, 2) to go beyond what rules or laws say you are allowed to do |
| Exclusively | only: solely |
| Exist | to be real |
| Extreme | much hotter, colder, or more violent than usual |
| Face | to be in the presence of and oppose # confront |
| Fees | money you pay for the professional advice or service of a doctor, lawyer, etc |
| Finance | money matters; to provide money for |
| Financial | related to money management |
| Fraud | the crime of obtaining money from sb by tricking them |
| Fundamental | basic, essential, vital, crucial |
| Government | the group of people in control of a country |
| Group | a number of people who play music together (SYN band) |
| Hence | therefore |
| However | yet, but |
| Humility | the quality of not believing you are better or more important than others |
| Illegal | not lawful; against the law |
| Immutable | — |
| Indifference | lack of interest, care, or attention |
| Inflation | a general rise in the price of services and goods in a particular country |
| Initial | first, in the beginning |
| Innovation | new, novelty |
| Intermediate | in-between |
| Lack | be entirely without something; have not enough |
| Legal | allowed by law |
| Like | used to introduce an example (SYN such as) |
| Massive | big and heavy; large and solid; bulky |
| Nearly | almost, closely, approximately |
| Network | a system of roads, lines, wires, etc. that are connected to each other. railroad/underground/network/network) |
| Overnight | for one night |
| Paper | the written questions in an exam |
| Precious | valuable |
| Protection | to keep someone or something safe from injury, damage, or loss |
| Public | people |
| Related | when sth connected with sth |
| Risk | danger |
| Risky | when sth is likely to end up bad |
| Safe | a person you can rely on |
| Scarce | hard to get; rare |
| Scarcity | undersupply, insufficiency |
| Significant | meaningful: important |
| Storage | a place to store things |
| Successful | has gone well |
| Supporters | people who regulary watch teamplay SYN fan |
| Tax | money you have to pay to the government |
| Traditional | sth that people have done for a long time |
| Transparent | easily seen through; clear |
| Trust | to believe that someone is good and honest and will not harm you, or that something is safe and reliable |
| Unstable | not firmly fixed; easily moved or overthrown |
| Value | think that sb/sth is important |
| Verify | prove to be true; confirm |
| Volatile | likely to change suddenly |
| Volatility | In finance, volatility is the degree of variation of a trading price series over time |
| While | although |
| Widespread | found everywhere # extensive |
| Work | get or have the result you want |
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