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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the 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Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in 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Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":754,"original_id":null,"author_id":42,"translator_id":null,"title":"What are Terahashes Per Second?","slug":"what-are-terahashes-per-second","section":"T","keyword":"Terahashes Per Second","status":"published","definition":"a unit that determines the rate of data processing power.","content":"<p><strong>Terahashes per second</strong> (TH/s) is a unit used to determine the rate of data processing power and it is equivalent to 1 trillion hashes per second. </p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">
Hashes determine the amount of processing power there is (the more hashes there are, the more power you have). <strong>Megahashes</strong>, gigahashes, terahashes, and so on are various hash rate units. The rate of hashes per second is significant for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">
blockchains and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">
mining since it impacts how long it takes to complete a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">
block./n
Hash Rate in the World of Cryptocurrencies</h3>\n<p>To validate transactions on a public database known as a blockchain, cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners use computers to solve complex arithmetic problems. <strong>Mining</strong> is the process of securing, storing, and tracking cryptocurrency. A miner's computational power determines their <strong>chances of winning the race</strong> to verify transactions and earn <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-currency/">digital currencies</strong></a>.</p>\n<p>As mentioned before, a miner's processing power is measured by the hash rate of a cryptocurrency. This value represents the amount of time it takes a single miner to process all of the transactions in a block. Transactions are processed faster when the amount of miners is lower because there are fewer competitors fighting for the same <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block-reward/">block reward</strong></strong></a>. Though if your hash rate is low, it takes longer to receive your first payment.</p>\n<p>Ordinary desktop PCs were able to mine blocks easily in 2009 when <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin was only starting out as a currency. As more people began mining, the difficulty of locating new blocks grew to the point where the average time to solve a single block exceeded 10 minutes. Therefore, mining hardware efficiency and <strong>the hash rate of miners’ processing power had to increase too</strong> (and it still does).</p>\n<p>Though note that the more processing power you have, the more electricity you’ll need. Therefore, the lower your electricity costs, the more profitable mining will be.</p>","level":"medium","meta_title":"What are Terahashes Per Second? Definition & Meaning | Crypto Wiki","meta_description":"Terahashes Per Second meaning: Terahashes Per Second - a unit that determines the rate of data processing power.","meta_keywords":null,"language":"en","created_at":"2022-03-31T08:04:27.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-terahashes-per-second"},"prevSection":{"id":9203,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Scalping?","slug":"what-is-scalping","section":"S","keyword":"Scalping","status":"published","definition":"a day trading strategy where investors buy and sell the same security, stock, or asset several times throughout the same day. The traders that engage in this strategy are known as scalpers.","content":"<p><strong>Scalping is a trading strategy</strong> used by investors who <strong>buy and sell the same asset or stock several or even hundreds of times in a single day</strong>. It’s common among day traders who are looking to make a smaller profit that accumulates over time through multiple trades rather than going all in and making fewer big trades.</p>\n<p>Traders that participate in scalping are known as <strong>scalpers</strong>. They rely heavily on <strong>short-term market performance</strong> and typically focus on intervals lasting around <strong>1-5 minutes</strong>. Typically, a scalper sets a daily profit goal and works to achieve it throughout the trading day, often executing trades in very short timeframes.</p>\n<p>Setting up a scalping strategy requires both financial and technical resources. Having a <strong>fast and reliable internet connection</strong> is one of the prerequisites for this trading strategy, as it requires continuous tracking of the most up-to-date market data. Furthermore, scalpers need to ensure they have <strong>sufficient funds to pay for all market positions that they open</strong>.</p>\n<p>Scalpers work with various <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-technical-indicators/" target=\"_blank\" rel=\"noopener\"><strong>market indicators</strong></a> to support their exit strategy. Although scalping works with smaller trades, it can still be considered to be relatively risky as one wrong investment move can write off all gains of the day. <strong>It’s highly recommended to not leave any positions open to carry over to the following trading day.</strong></p>\n<p>Scalping is a legitimate strategy used in both traditional and crypto markets. However, in some instances, scalping is used as a <strong>market manipulation technique</strong>. A common manipulation tactic is buying an asset and then utilizing social media, e.g., Twitter, to recommend it for investment, leading to its price suddenly increasing.</p>","level":"easy","meta_title":"What is Scalping? Definition & Meaning | Crypto Wiki","meta_description":"Scalping meaning: Scalping - a day trading strategy where investors buy and sell the same security, stock, or asset several times throughout the same day. The traders that engage in this strategy are known as scalpers.","meta_keywords":"scalping","language":"en","created_at":"2022-12-27T09:21:48.000000Z","updated_at":"2022-12-27T09:42:31.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-scalping"},"currentChapter":"T","currentSection":"what-is-the-greater-fool-theory","chapterTitle":"T","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-the-greater-fool-theory","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter T
What is The Greater Fool Theory?
The Greater Fool Theory MEANING:
The Greater Fool Theory -
states that no matter how overvalued an asset is, there will always be someone to buy it.
Let's find out The Greater Fool Theory meaning, definition in crypto,
what is The Greater Fool Theory,
and all other detailed facts.
The Greater Fool theory was first introduced by professor Burton Malkiel, who observed that people are usually attracted to assets that are increasing in price. Thus, he hypothesized that an investor could continue buying overpriced assets yet still make money. This behavior comes from inherent human biases and the herd mentality where the success of others inspires people to try their own luck in the same area.
The Greater Fool theory can also be applied in the crypto sector.
A real-life example of the Greater Fool theory can be seen through digital assets like memecoins such as Dogecoin, Dogelon Mars, and Shiba Inu. The overwhelming success of the coin holders continues to draw in many desperate investors who believe they can become the next multi-millionaire.
Desperation for success can make people purchase coins that are obvious scams. For instance, the “Squid Game” coin that was derived from a popular South Korean TV series. In this case, the value of the coin sunk from over $2000 dollars per coin to zero.
In essence, the person referred to as the “greater fool” is the one person that will buy the overvalued asset.
