Crypto Slang Unveiled:
Crypto also has its own jargon. Here's a breakdown of some slang terms:
Paul Cartwright
Last Update vor 2 Jahren
HODL:
Short for "Hold On for Dear Life," it urges holding onto an investment even during downturns and considering additional purchases rather than selling at a loss.
FOMO:
Stands for "Fear Of Missing Out." It refers to the fear that drives impulsive buying due to the excitement surrounding a surging coin. Remember, there will always be other opportunities.
FUD:
Abbreviation for "Fear, Uncertainty, and Doubt." It describes the spreading of unwarranted negative market sentiment, often by individuals called "fudders."
Whale:
Refers to individuals or institutions holding substantial amounts of a cryptocurrency or asset. Whales can influence market trends due to their significant holdings.
DYOR:
"Do Your Own Research." It emphasises the importance of conducting personal research before making investment decisions, rather than blindly following influencers or others' opinions, including Trade and Thrive.
Feel free to use this information as a starting point for your research and forming your own opinions.