Bitcoin Terms

in bitcoin β€’Β  7 years agoΒ 

Most Of You Have You Have Probably Heard Bitcoin Words But Failed To Understand Them So Here's A Simple List Of Them With Definitions To Help You Out. 😊

  1. FOMO-fear of missing out.
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    2)HODL- hold on for dear life.
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  2. MOONING- price going up very high.
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    4)FIAT- Non-Crypto money.
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  3. WHALE- someone who owns lots of crypto
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    6)BULLISH- to bet price will go up.
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  4. BEARISH- to bet price will go down.

8)ATH- highest coin has ever been.

  1. Market Cap- current price & total supply.
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    10)ICO- a coin offering. Crowdfunding.
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    11)ROI-return on investment.
    πŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’Ή
    12)COLD STORAGE- moving crypto to off
    internet to hardware/paper wallet.
    πŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’ΉπŸ’Ή
  2. BLOCK CHAIN-public databases anyone can read but is only updated by owners. Is copied by computers worldwide.
    πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ
  3. TO THE MOON or GOING TO THE MOON-were all going to get rich.
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    I hoped these definitions helped you to understand Bitcoin better and perhaps you learned new terms. If I left out any terms feel free to comment below a term with a definition.
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Thanks for the info :)
Just a quick question. What do you think is the best thing to do with the Steem dollars we earn on here?

Invest it into gold or use it to start a business.