Let's talk about some crypto terminologies.
Post one word from crypto language along with a basic definition. Those who find it useful in terms of knowledge gaining must upvote the comment. And we can ask follow up questions to learn more.
Let me start with the word Mining.
Mining is the process of verifying new transactions on a blockchain. There are miners who hold servers and authority to verify transactions on the blockchain using extremely complex computational math problems. In return, they are rewarded with crypto tokens. This is how new coins enter into circulation.
HODL: it's when a trader buys a crypto asset with the intention of holding for a long period of time.
JOMO: Joy of missing out. It's a feeling of joy a trader derives from missing out on a coin or token that went turned out bad
I liked JOMO, never heard of it before. Never felt it though 🤣
Now you do. Guess we learn everyday. Felt it a few times it's quite a hilarious feeling but isn't for those who get caught in it as it leave them as bagholder of shitcoin
FOMO (Fear of missing out) is a feeling of prediction and JOMO is a feeling of relief based on hindsight, is that correct?
Exactly. You're very correct
FUD
Fear, uncertainty, and doubt.
FUDster
Purveyor of FUD. It's analogus to the genuine word gangster and the want-to-be word bankster.
That's new to me as a terminology. Good one, thanks for sharing.
DYOR
Do your own research. basically saying you should do proper research before jumping on any coin.
lol, my husband keeps telling this to me always.
FOMO:
Fear Of Missing Out