10 CRYPTOCURRENCY SAYINGS YOU MUST UNDERSTAND

This is another article dedicated to all new people in the cryptocurrency-space:

When talking about cryptocurrencies there are a lot of terms that get used everywhere, all the time.

• Problem: These terms/sayings won't mean anything to people who are new to cryptocurrencies. I can understand; when I started I also had no clue what people were saying, but research does miracles!

This article will help you understand most cryptocurrency terms and after reading you will probably start using them yourself! Enjoy.

THE LIST

1. HODL - “Hold on for dear life”
This saying was first used in 2014 and was probably a typo of a drunk guy wanting to type HOLD. Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world.
When a person says he will HODL - it means the person will not sell his coins and he believes his coins will be profitable one day, if not today.

2. FOMO - "Fear of missing out"
This term means the fear of missing out on the profit which might result from an investment or a decision.
Basically this term indicates people buying on horrible moments (when prices have already increased by much)

3. ATH - "All time high"
This means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved.
For example: When people buy on ATH's you will see a lot of people screaming "FOMO" in cryptocurrency-chats (most of the time buying coins at all time high prices isn't smart)

4. BEAR & BULL
These are terms taken from the Wall Street environment:
Bear(ish) means a trader/investor believes the prices of a particular cryptocurrency or market will fall and he wants to profit from that fall. (This is possible by selling at a certain price and then rebuying your cryptocurrencies at a lower price, if done successfully you will have more coins than before).

Bull(ish) is the opposite of Bearish, it means a trader/investor believes the prices of a particular cryptocurrency on the market will rise and he wants to profit from that rise.

Bears drive prices down while bulls drive prices up. Bears sell coins, Bulls buy coins!

5. WHALE
This is a term borrowed from gambling people. It means a trader with a fat account, usually one who is bullish (one who thinks the market will rise) on the price of any specific cryptocurrency. These people are also referred to as bullish whales.

6. BAGHODLER
This is an investor or a trader who has been holding (or hodling) for too long on a particular cryptocurrency and now has to face the consequences of that decision. You become a bagholder if you buy at a high price (ATH for example) and price dramatically drops after your purchase. You can be a bagholder for a very long time, that's why in some cases it's important to cut your losses (in Bitconnect for example).

7. REKT - "wrecked"
This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price. For example: Bitconnect REKT a lot of people!

8. TO THE MOON
This refers to a crypto’s upward momentum as it keeps climbing in price, as in, “The price of this coin will one day go to the moon!”

9. FUD - Fear, uncertainty, doubt
Fear, uncertainty, and doubt. This term usually refers to investors who are unsure of the potential of a situation.
For example: Negative news causes a lot of FUD!

10. ADDY
This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.”
Personally I haven't seen anyone use this term yet, anyway I needed a list of 10 terms, so here you go!

Do you know of any other cryptocurrency terms that people should be aware of? Make sure to leave a comment!

SOURCE

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MAXIDIGI