RichQuack Profile picture
Mar 17 β€’ 11 tweets β€’ 5 min read
1/ πŸ“š Welcome to the world of crypto slang! In this thread, we'll dive into the most popular terms and phrases used in the #crypto community. Buckle up, and let's get started! #CryptoLingo $QUACK
2/ πŸ€— HODL: A misspelling of "hold" that became a popular term in the crypto world. It means to hold onto your cryptocurrencies rather than selling them, even during market fluctuations. Stay strong, HODLers! πŸ’ͺ #HODL $QUACK
3/ 😱 FOMO: Fear Of Missing Out. This term describes the anxiety people feel when they see others profiting from an investment or trade, making them want to jump on the bandwagon. Remember, always do your research before investing! 🧐 #FOMO $QUACK
4/ 🐳 Whale: A "whale" is someone who holds a large amount of a particular cryptocurrency, having the potential to influence the market. Watch out for those big splashes! 🌊 #CryptoWhale $QUACK
5/ πŸš€ Moon: When the price of a cryptocurrency is skyrocketing or expected to rise significantly, people say it's "going to the moon!" Strap in for the ride! πŸŒ• #ToTheMoon $QUACK
6/ πŸ₯ž PancakeSwap: No, it's not a breakfast treat! @PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain, allowing users to swap tokens, provide liquidity, and more. 🍽️ #PancakeSwap $QUACK
7/ 🎒 Rollercoaster: A term used to describe the often volatile nature of the cryptocurrency market. It's not for the faint of heart, but it can be an exhilarating ride! #CryptoRollercoaster $QUACK
8/ 🌈 ERC-20: A token standard on the Ethereum blockchain, used for creating and managing smart contracts. These tokens have become the building blocks for many popular cryptocurrencies! πŸ—οΈ #ERC20 $QUACK
9/ πŸ΄β€β˜ οΈ Rug Pull: A type of scam in which developers abandon a project and run off with investors' funds. Always be cautious and research projects thoroughly before investing. πŸ” #RugPull $QUACK
10/ 🍴 Fork: A fork occurs when a blockchain splits into two separate chains, usually due to a change in protocol or rules. Think of it as taking a different path on the crypto journey. πŸ›£οΈ #BlockchainFork $QUACK
Now you're equipped with some essential crypto slang! Keep learning, stay curious, and happy trading! πŸŽ‰ #CryptoDictionary $QUACK

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More from @RichQuack

Mar 16
πŸš€πŸŒ• 5 Hilarious Ways #Crypto and @Twitter are Intertwined! #CryptoTwitter @elonmusk #RichQUACK $QUACK

A Thread πŸ‘‡
@Twitter @elonmusk 1/ πŸ€– AI-powered Crypto: Did you know crypto trading bots are now programmed to invest based on @elonmusk's tweets? Just kidding (or am I?)! It seems like the crypto market dances to the tune of the Technoking's tweets. πŸ’ƒ #Cryptonomicon $QUACK
@Twitter @elonmusk 2/ πŸ’¬ Meme Magic: Remember when #DogeCoin went to the moon? πŸŒ• One tweet from @elonmusk and it skyrocketed! The power of memes and Twitter's undying love for them keeps the crypto world laughing and trading. πŸš€πŸΆ #DogeToTheMoon $QUACK
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Mar 16
1/ 🧡 Demystifying Crypto Taxes: An Introduction to Taxable Events, Calculations, Record-Keeping, Strategies, and Pitfalls. A thread to help you navigate the world of #cryptocurrency taxation $QUACK #RichQUACK #CryptoTwitter πŸ‘‡
2/ πŸ’° Tax treatment of cryptocurrencies: Tax authorities worldwide treat cryptocurrencies as property, not currency, meaning you're taxed based on capital gains/losses when you sell, trade, or use them. Each jurisdiction has its specific tax regulations. $QUACK 🌍
3/ πŸ“ˆ Common taxable events:
a) Trading crypto-to-crypto or crypto-to-fiat
b) Selling crypto for goods/services
c) Earning crypto from mining, staking, or other activities
d) Receiving crypto as income (e.g., salary or freelance work)
$QUACK
Read 11 tweets
Mar 15
πŸš€Unlocking Success: Dive into the key takeaways from "The 7 Habits of Highly Effective People" by Stephen R. Coveyβ€”a holistic approach to personal & professional effectiveness. #RichQUACK $QUACK

A threadπŸ‘‡ Image
Habit 1: Be Proactive 🎯
➑️Focus on what you can control & take responsibility for your actions. Empower yourself by overcoming challenges & taking charge of your life. $QUACK
Habit 2: Begin with the End in Mind 🏁
➑️Define your values & vision, align your actions accordingly. Set long-term goals & create a meaningful, purpose-driven life. $QUACK
Read 9 tweets
Mar 14
Despite being around for over a decade, there are still many misconceptions about cryptocurrencies. This threadwill debunk some common myths about the nature of crypto. #RichQUACK $QUACK #Crypto #bullrun

πŸ§΅πŸ‘‡ Image
Myth 1: Cryptocurrencies have no backing

While #cryptocurrencies are not backed by any government or central authority, they are backed by cryptography, providing a secure and decentralized way of verifying and recording transactions. Some are also backed by real-world assets or… twitter.com/i/web/status/1…
Myth 2: Cryptocurrencies are only used for criminal activities

While some have been used for illegal activities, #cryptocurrencies are used by millions of people around the world for legitimate purposes such as investing and making purchases. $QUACK
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Mar 13
Here are some key takeaways that can help you better understand your relationship with #money from "The Psychology of Money" by Morgan Housel @morganhousel #RichQUACK $QUACK #Psychologyofmoney

THREAD πŸ§΅πŸ‘‡ Image
1. Wealth is what you don’t see: Wealth is the assets you accumulate that nobody else can see. It’s the cars not purchased, the clothes not bought, and the vacations not taken. #ThePsychologyofMoney #Wealth #Savings $QUACK
2. Compounding is the most powerful force in finance: Time and patience are the most important ingredients of compound interest. Understanding the power of compound interest is essential for building long-term wealth. #CompoundInterest #WealthBuilding $QUACK
Read 15 tweets
Mar 13
How to Invest in Cryptocurrency Without Spending Any Money πŸ’°

$QUACK #RichQUACK #Crypto #Cryptocurrency

- THREAD - πŸ§΅πŸ‘‡ Image
Many people are interested in investing in cryptocurrency but may not have the funds to purchase it outright. However, there are several ways to invest in crypto without spending any money. In this article, we'll explore some of these methods and how you can take advantage of… twitter.com/i/web/status/1…
Airdrops: Receive Cryptocurrency Tokens for Free

#Airdrops are a popular way for new cryptocurrency projects to gain exposure. They involve sending small amounts of a new token to active addresses within a specific community. In some cases, users can perform certain steps to… twitter.com/i/web/status/1…
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