Ralo：这些加密货币名词你都知道吗

　　波动性/ Volatility

Volatile/ Volatility

　　波动性被广泛用来测量资产的风险性，与潜在收益率的范围及其发生的可能性有关，是衡量资产价格在一段时间内可能发生变动的大小;与股市相比，加密货币交易市场具有更大的波动性，因此加密货币的市场价格在一天之内可能会发生极大的变化。

Volatility is widely used to measure the riskability of assets, linked to the range of potential rates of return and the likelihood of their occurrence, to measure the magnitude of possible changes in asset prices over time; the market for encrypted currency transactions is more volatile than the stock market, and the market prices for encrypted currencies are therefore likely to change significantly in one day.

　　供应量/ Circulating Supply

Supply/Circulating Supply

　　供应量是市场参与者持有的流通的加密货币总量，能够通过市场进行购买、出售以及交易，而被锁定、被保留或者不能被出售和流通的加密货币则不在供应量的范畴以内。

The supply is the total amount of encrypted money in circulation held by market participants that can be purchased, sold and traded through the market, while the locked, retained or unable to be sold and circulated encrypted currency is not within the range of supply.

　　总供给/ Total Supply

Total Supply/ Total Supply

　　总供给量是当前可用的加密货币的总量，是指市场中当前存在的所有的流通或非流通加密货币的总量，而被销毁的币则不在总供给的范畴以内。销毁币是将加密货币发送到一个不可靠地址的行为，是不可逆的。

The total supply is the total amount of encrypted money currently available, which refers to the total amount of all current or non-negotiable encrypted currency in the market, while the destroyed currency is not covered by the total supply. The destruction of the currency is an irreversible act of sending the encrypted currency to an unreliable address.

　　最大供应量/ Max Supply

Maximum supply/ Max Suply

　　最大供应量是指加密货币的最大数量，如：比特币的最大供应量约为2100 万枚、瑞波币的最大供应量约为 1000
亿枚，而不同的加密货币则有不同的数量上限，如EOS 没有最大供应量，所以其货币数量将持续增长。

Maximum supply means the maximum quantity of encrypted currencies, e.g., the maximum supply of bitcoins is about 21 million, the maximum supply of ripoons is about 100 < b> billion, while different encoded currencies have different ceilings, e.g., EOS does not have the maximum supply, so the amount of its currency will continue to grow.

　　投资回报率/ Return on Investment / ROI

Return on Investment/ ROI

　　投资回报率(ROI)=
(税前年利润/投资总额)*100%。是指企业从一项投资性商业活动的投资中得到的经济回报，是衡量一个企业盈利状况所使用的比率，也是衡量一个企业经营效果和效率的一项综合性的指标。

The return on investment (ROI) =
(profits/total investments for the pre-tax year)* is 100 per cent. It refers to the economic return of an enterprise from investment in an investmentable business activity, which is the ratio used to measure the profitability of an enterprise and a comprehensive indicator of the effectiveness and efficiency of an enterprise's operations.

　　套利/ Arbitrage

arbitrage/ Arbitrage

　　套利是指在两个不同的市场中，以有利的价格同时买进并卖出或者同时卖出并买进，同种或本质相同的证券、商品或是资产以赚取价差的行为。通常发生于某种实物资产或金融资产拥有两个价格的情况，通过套利获取低风险的收益。

A arbitrage is an act in which the same or essentially the same securities, goods or assets are bought and sold at a favourable price at the same time or sold and purchased in two different markets in order to earn a price difference. A low-risk gain is usually obtained through a arbitrage where a physical or financial asset has two prices.

　　杠杆/ Leverage

Leverage/ Leverage

　　杠杆是一种常见的金融交易制度，通过保证金制度借入资产进行投资，在可交易金额被放大的同时增加投资者的投资能力、放大投资的结果;但也使投资者获得的收益和承担的风险加大，无论最终的结果是收益还是损失，都会以一个固定的比例增加。

Leverage is a common financial transaction system in which investments in assets are financed through a bond system that increases the investment capacity of investors while the tradable amount is magnified and the results of investments are scaled up; it also increases the returns and risks that investors receive, with a fixed increase in both the returns and the losses that ultimately result.

　　做空/ Shorting

Empty/Shorting

　　做空是指预期未来行情将会下跌，将手中借入的股票或是资产按当前价格卖出，待行情下跌后买进再归还并将差额保留为利润。

Frustration is the expectation that the future will fall, that the shares or assets in hand will be sold at current prices, that they will be bought and returned when they fall and that the balance will be retained as a profit.

　　Shilling

　　Shilling 意味着欺骗尽可能多的人，让他们认为该加密货币是有价值的，并且借由价格上涨卖出并赚取利润。

Shilling means deceiving as many people as possible to think that the encrypted currency is valuable and to sell and profit from price increases.

　　鲸鱼/ Whales

Whales/ Whales

　　鲸鱼是指在二级市场中持有大量数字货币、股票、权证的人或组织，因为他们具有大量买入或是卖出的能力，能够通过二级市场操作大大影响当前的市场价格，造成市场价格较大的波动，故称作鲸鱼。

Whales are people or organizations that hold large amounts of digital money, stocks, titles in secondary markets because they have the ability to buy or sell large amounts of money and can operate through secondary markets to significantly influence current market prices, resulting in high market price volatility, and are thus known as whales.

　　关于波动性，大家应该都会有个直观的了解，毕竟即使不炒股的人也都知道股市具有高风险，高风险就意味着买了股票，股票下跌的风险。

With regard to volatility, there should be a perceptive understanding, after all, even those who do not pay their shares know that the stock market is high risk, which means buying a stock and the risk of a stock falling.

　　所谓下跌或者上涨，就是指价格的波动。中国A股实行10%的涨跌停限制，加密货币是没有涨跌幅限制的。

The so-called fall or rise refers to price fluctuations. China’s A shares impose a 10 per cent stop-down limit, and encrypted currencies are not limited by ups and downs.

　　而加密货币因为本身还不够成熟，价值支撑不强，炒作氛围浓厚，所以波动性非常剧烈，即使是最为稳健的比特币也可能在短时间内跌一半或者涨一倍。

As encrypted currencies are not mature enough in themselves, their value is not strong and their atmosphere is high, they are highly volatile, and even the most robust bitcoins may drop by half or double in a short period of time.

　　投资加密货币一定要做好投资调研、心理准备等，不然不仅有投资归零的风险，还会有承受不了巨大波动而操作失误的风险。

Investment in encrypted currencies must be researched, psychologically prepared, etc., otherwise there is not only a risk of zero investment, but also a risk of failure to cope with large fluctuations.

　　供应量是指流通的量，比如比特币总量2100万枚，已经挖出了1700万枚，那流通量就是1700万枚。

Supply refers to the amount in circulation, such as the total of 21 million Bitcoins, which has been dug up by 17 million, or 17 million.

　　比特币的2100万就是最大供应量，如果有人销毁了1万枚比特币，实际上因为遗忘私钥而丢失的比特币不在少数，这种情况下，扣除销毁、遗失的量，剩下的就是总供给量。

The 21 million in Bitcoin is the maximum supply, and if 10,000 bitcoins have been destroyed, and in fact not a few bitcoins have been lost as a result of forgetting private keys, then the remainder is the total supply, after deducting the amount destroyed and lost.

　　套利在币圈通常指搬砖、量化这些行为，主要是利用不同市场间的价差来进行获利。

In the currency circles, arbitrage usually refers to the removal of bricks and the quantification of these acts, primarily taking advantage of price differentials between different markets.

　　杠杆币圈一般指期货(合约)交易，进行期货交易可以加杠杆做多或做空，一旦市场走向符合判断，则可以通过少量的资金赚取到较大的收益。期货具有高风险特性，一般人不建议操作。

Leverage circles generally refer to futures (contractual) transactions, where futures transactions can be leveraged to do more or to do more than nothing, and when the market moves in line with judgement, larger gains can be made from a small amount of money. Futures have high-risk characteristics and are not recommended for operation.

　　鲸鱼是指具有大量筹码的人，比较常见的是比特币巨鲸，指那些拥有巨量比特币的人，他们的行为能够影响市场走向，对市场产生较大影响。

Whales are people with large chips and, more commonly, bitcoin giants, those with large bitcoins, whose behaviour can influence the direction of the market and have a greater impact on the market.