Thread by @cryptobafemi

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

https://twitter.com/cryptobafemi/status/1523242887890145280?t=PdUuSEZF42Yx0NfmuRSB3w&s=19