15+ #Crypto Phrases/Slangs and What They Stand for.
[Never get confused about these words again!!]
A Thread🧵👇
KINDLY RETWEET!!
1. #FOMO : Fear Of Missing Out; This is when a huge price increases occurs in a short period and investors rush to get in on the trend.
2. Bear: When the market goes on a downward trend for a long period, the market is said to be a #bearmarket .
3. Bull: When the market goes on an upward trend for a long period, the market is said to be on a bull run.
4. Altcoins (or #alts ): These are referred to as Cryptos
that aren't #Bitcoin . It is used to describe various other cryptos.
5. Dip: This is when a Crypto currency sees a decline in price. It might be a short time dip or long term dip.
6. Dump: To sell off a coin or when a Crypto price drops recently. E.g: "Terra Luna experienced a
dump".
7. Fiat: This refer to government issued money, examples are the USD and Euros.
8. HODL: Hold On to your Dear Life; this is when investors don't sell their assets no matter the situation of the market. This is the case of #Bitcoin HODLers who see it as a store of value.
9. #NFTs: An NFT(Nonfungible Token), is a digital asset that confers ownership of a virtual good, such as a piece of digital artwork or online collectible. (For example, the famous “He Bit My Finger” YouTube video was auctioned as an NFT).
10. To The Moon: This is a popular
phrase used by investors who believe there assets would skyrocket in the near future.
11. Whales: These are investors with large amount of a Crypto currency. There action in the market can affect the price whether they buy or sell.
12. DYOR: Do Your Own Research.
13. NFA: Not Financial Advice: 1. NFA - (Not a Financial Advise); The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms.
1The market cannot be 100% predictable.
14. Aping: In the cryptocurrency scene aping or to ape refers to entering a position in a coin. It's a slang term used a lot in chats and on Twitter. It means 'What coin are you buying?'
15. FUD: Fear, Uncertainty and Doubt; when someone is has feeling of fear or uncertainty
towards a project or begins to talk on a project with no real arguments. E.g: When warnings sign were alarmed about the $UST crash, Luna investors called it FUD.
16. Rekt: When a Crypto project is completely destroyed or ruined.
17. DEX: Decentralised exchanges
18. CEX: Centralised Exchanges
19. Dapps: Decentralised Applications
20. Shill: To promote a Crypto to someone or the general public.
21. Bag: The leftover from a #cryptocurrency Dump in price.
Those are the most popular phrases used in the Crypto space, which one of them do you like the most 🤔?
Let me know in the comments!
Check out my previous thread on Types of Crypto Wallets here
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