For those interested in crypto, and especially those that HODL, it caused quite a sensation that ZRX hit it's ATH today, surpassing the $2.50 barrier, when one month ago, December 2017, it was around $0.25.
No surprise that this could have generated FOMO to many, and it also doesn't mean that in a couple of days the price goes back down, like happened with XRP, and FUD gets installed.
This is the great new crypto world, full of Noobs, that don't know if it's time to buy, sell or HODL, if an Altcoin is a Shitcoin or is just the result of Pump n'Dump cause by some Whales or Twitter Shills. FOMO and FUD get installed frequently, and many don't even know exactly what the Blockchain and a Fork is!
At the end of the day, we can be Rekt or Rich, but we will only know if we get into the game.
Many might have read that piece of "news" I just made up pretty smoothly, but others might have been confused by some of the "words" used. It's the "new" crypto language, especially for newbies, like myself, who struggled to understand what was being told!
So here is some explanation, for those who need it.
ZRX - 0x protocol, promising crypto! - https://coinmarketcap.com/currencies/0x/
ATH - All Time High
HODL - don't sell, just hold the coin, even in the dips.
FOMO - Fear of Missing Out
XRP - Ripple, well know crytpo, or should we say FIAT currency with crypto technology? - https://coinmarketcap.com/currencies/ripple/
FIAT currency - Currency which value is established by law
FUD - Fear, uncertainty and doubt
Noobs - newbies
Altcoin - coins that aren't Bitcoin
Shitcoin - we still don't know if it will be a good or a bad coin
Pump n'Dump - Coins are promoted to see their value inflated, those making the promotion cash out, and dump the coin, leaving many holding something worthless. I hope it's not XRP case!
Shills - promoting an Altcoin
Rekt - diminutive for Wrecked, just means game over for us
Blockchain - bitcoin technology
Fork - division of the blockchain, creation of another coin
I hope you enjoy the reading, and that my definitions are accurate, if they aren't, I thank you for the suggestions.
Not a fan of ICO in general, but clearly supporting such type of initiative.
Decentralized markets are the future of crypto currency trading. The community will benefit from such projects.
As I always recommend, put your money where it matters. 0x matters to me.
As for XRP... just beware!
If you have spare time, take few minutes to read my thoughts and comment them!
https://steemit.com/ripple/@pada-1/my-thought-about-ripple-xrp
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit