Understanding Crypto Slangs

in hive-108451 •  5 months ago 

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Hello Steemians how are you all doing? I hope you are all good, this will be my first time posting on #SteemCryptoAcademy, I hope you learn something from this post especially if you are new to the crypto space, today i want to share with you guys some commonly used crypto slang that you need to know and what they stand for, so i will be sharing 10 crypto slang and their meaning with you guys today.

FOMO

This acronym means "fear of missing out" it is used to describe the feeling of anxiety that comes if you thinking that you might miss out on a good opportunity.

GN

GN means good morning, so if you see someone from the crypto community online, take a moment to say GN.

GN

This is just like saying good night in a crypto community, so when you want to sleep and you want to sya good night to your community just say GN.

Mooning

This term is used when the price of a cryptocurrency spikes upward sharply, you might hear some persons say "to the moon" it simply means price continue to rise.

GMI/WAGMI

GMI/WAGMI stands for "gonna make it/ we are gonna make it" this is just as a motivation to tell you that no matter what happens we are gonna make it despite the current market.

Whales

This term is used to describe big investors who hold larger amount of a cryptocurrency, as thier trade can cause market to rise or fall.

HODL

This acronym stands for "hold for dear life" it was originated in 2013 when someone in bitcoin forum mistakenly type hodl instead of hold on.

Altcoin

This term is used for any coin that is not bitcoin, it can be used to describe thousands of coin that isn't bitcoin.

FUD

This stands for "Fear, Uncertainty, Doubts" FUD can cause crypto investors to sell thier holding in fear which may lead to price drop or loss.

Pump and Dump

This term is used when a group of investor artificially inflates the price of a token by buying in large quantities and dumps it at the market when price has risen while pocketing profits.

I believe with this few knowledge i have shared today you have learn something if you are a newbie in the crypto space, i would also love to learn from every one of you.

Thanks for reading

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This post provides a comprehensive overview of various crypto slangs used in the cryptocurrency space. It’s essential for newcomers to familiarize themselves with these terms to better understand discussions and navigate the world of cryptocurrencies effectively. The explanations provided are clear and concise, making it a valuable resource for anyone looking to enhance their crypto vocabulary. Great job breaking down complex terms into easily digestible explanations!

Thank you @cryptoinmena