Let me start by telling you what really inspired this post….. it all started when my very good friend @udezee advised that I should HODL on a coin I wanted to sell, and I thought the HODL was a probably a mistake caused by the prediction on his smart phone ,but I was quite amazed when I saw the same word in a whatsapp crypto group which made me realize it actually meant something and I decided to DMOR and this is what I came up with
SOURCE
SOME TERMS YOU SHOULD KNOW
ASHDRAKED: A situation where you lost all your money
ALTCOIN: Any crypto currency other than bitcoin.
BAGHOLDER: A person who buys and hold coins in large quantity hoping to make good profits. In most cases this backfires, because the depreciate coins never pick up in value again
BEAR: Negative price movement
BULL: positive price movement
BTFD: Buy the fucking dip ( an indication to buy a coin when it has dumped)
DUMP: to sell off a coin
DUMPING: downward price movement
DYOR: do your own research
FOMO: fear of missing out ( a coin is pumping and you get the feeling it is going to pump more so buy high
FUD: fear uncertainty &doubt
HODl: hold / hold a position
JOMO: joy of missing out
LONG :marginal bull position
MCAP: market capitalization
MOON: continuous movement of price
OTC: over the counter
PUMP: upward price movement
SHITCOIN: a coin with no potential value or use
SHORT: margin bear position
SWING:zig-zag price movement (upward or downward)
REKT: when you come up with a bad loss
REVERSE INDICATOR : someone who is always wrong predicting price movement
WHALE : very wealth trader/market mover
That’s just some need to know jargons in the crypto world.
So when next a WHALE chats you up you should be able to overcome your FUD ..( just try to be funny tho)
Hope you had a nice time reading
Visit @steemjetnewbies now, leave a valid comment and this post link to bag a goodie pizza.. I was enlightened in other areas in respect to cryptocurrency abrev.
thanks brov
Described very amazing cryoto world thanks for give me knowledge...
Keep doing ...
thank you very much...glad you found it useful
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