What is HODL! Top 5 Must-Know Cryptocurrency Jargons, IKIGUIDE

Spil a professional who has bot doing Public Relations/ Community Management ter the cryptoworld for some time already, it recently came to my attention that some of my friends are totally lost when my fellow traders and I discuss crypto stuff. This is because wij tend to spam cryptocurrency jargons like water.

Indeed, cryptocurrency jargons can sometimes be fairly confusing to a person who isn’t familiar with crypto! Yet if you are just commencing out ter crypto te Singapore, you will see such language used indeed often on reddit and ter telegram.

Having said that, don’t worry. Here’s presenting a Top Five Must-Know Cryptocurrency Vaktaal Postbode to help you decrypt some of the potentially confusing language.

Cryptocurrency Vaktaal #1: “HODL”

Everytime you read Facebook Groups, Telegram, Reddit-there will be at least one person who uses the term “HODL”.

So originally when I very first commenced out ter the cryptoworld and doing research, I wasgoed totally judging redditors. “Cannot even spell ‘HOLD’ meh? So fail.”

Well spil I’m typing this, TRX is like mooning again due to its newest listing today on a major exchange. So someone might tell you to “HODL” because the prices will be enhancing (X10? X100?) overheen the next few hours or days.

Which brings us to our next jargon…

Cryptocurrency Vaktaal #Two: “Mooning”

Basically the activity verb of mooning describes the enlargening price of the cryptocurrency.

Contrary to popular language, it’s not describing an booty. (HAHA- that wasgoed what one or two friends speculated).

Sometimes crypto traders use the phrase “to the moon” to describe the skyrocketing prices of that particular coin.

Cryptocurrency Vaktaal #Three: “FOMO”

The shittiest feeling ter crypto is when you cannot buy ETH spil coinmama/ coinbase/ xfers is taking forever to verify your account, or you buy a coin at a relatively high price because everyone else is doing so.

Take the latest example of Brink. A duo of days ago, there were massive rumours surrounding the brink wraith protocol release. The prices of Brink fell due to loss of confidence, then peaked when a developer “leaked” a picture of a wraith protocol screenshot on snapchat.

So why did the price of Brink peak due to unspoiled speculation? It’s the fear of missing out or FOMO. So there you go ??

Cryptocurrency Vaktaal #Four: “Whale”

This refers to a filthy rich dude/ trader who hoards cryptocurrency. Rumours has it that a trader just bought 1 billion units of ripple four days ago.

So whenever you see a unexpected rise or spike te cryptocurrency prices, it’s a bullish whale te activity.

Likewise, when you see a unexpected druppel te cryptocurrency prices, it is also a whale ter action-and wij call this whale a bearish whale, aka a whale dumping those coins.

Cryptocurrency Vaktaal #Five: “FUD”

FUD is also another popular abbrevation which stands for “Fear, Uncertainty and Doubt”.

Some people like to “FUD” and create even more confusion when a situation is already unclear. This term is also used to describe coin buyers who are not sure what to make out of a particular situation, especially when developers are unresponsive or not semitransparent.

I hope you have liked today’s elementary postbode! Hope the above Five crypto jargons help you navigate the potentially confusing world of crypto spil a new-comer ^^ Have a good day ahead!

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