Let's learn more about blockchain fauna by Karupanocitizen

Recently he made mention of the meaning of bears and bulls within the financial environment, as the two animals not only mentioned the most, but also the most representative in terms of the characteristics of the market, the bull symbol of push, of the upward force of the markets. and the bear used to represent a downtrend or the toughest moments in the market.

I must admit that I am very attracted to knowing the symbolism behind the concepts that we handle daily, using animals as metaphors to explain the behavior of the market is something very common on Wall Street, this "jargon" has moved to the cryptographic environment for what I consider interesting to take a learning trip to meet the varied fauna of the blockchain.

The wolf

Thanks to Leonardo Di Caprio and his film The Wolf of Wall Street, this metaphor has gained much more popularity recently. This film, directed by Martin Scorsese, is based on the memoirs of Jordan Belfort, lecturer and former “broker”, accused and sentenced for market manipulation, money laundering, and other crimes associated with finance.

The wolf, within financial metaphors, is associated as a symbol of power and aggressiveness, exercised by financial operators within the stock market, which can even lead them to commit fraudulent and illegal acts. When said reference is extended to a “wolf” market, the reference refers to the activity organized by a group of individuals to manipulate the market through financial strategies.

The dead cat bounce

This expression is a symbolism to represent the momentary rebound, which can experience any stock market value or in our case a cryptocurrency, during a severe fall or an irreversible downtrend, so it is used to refer to projects heading for failure.

The metaphor was born as a consequence of imagining what would be the effect of hitting a dead cat against a wall (a bit gloomy, right?) the cat would bounce, however, that will not change the fact that it is dead. It will not revive.

Black swans

When an unforeseen or unlikely event occurs within the stock markets and it leaves a significant impact on the market, a “black swan” is considered to have appeared. The theory behind this metaphor was developed by Nassim Taleb to point out the failure that can occur, sooner or later, when making economic predictions based on past events.

The whales

Hated, feared, but always followed, this animal refers, in the cryptographic environment, to investors capable of mobilizing large sums of money within a certain blockchain network. This metaphor is born from the representation of the cryptographic environment, as a great ocean, in which we are all investors, where there are fish (all those who have crypto) and whales (large investors), the latter feeding on the positions of the weakest.

Although assigning the title of "whale" to a certain investor, be they individuals, companies, hedge or investment funds, is not clearly defined or delimited, for the specialized site Whale-alert, which is responsible for monitoring the activity of this type of user, to consider someone within this classification, at least as far as BTC is concerned, the user must be able to handle at least a minimum of 1000 BTC.

Whales have a very strong impact on the price of cryptocurrencies, being able to manipulate the market through their injections or withdrawals of funds, among the most famous whales we have Pantera Capital, Coin Capital Partners, Falcon Global Capital among others (and well, other undercover celebrities)

The sheep

When, within the financial market, individuals without investment strategies or plans operate and their market operations are carried out only based on hunches or advice from other investors, "influencers" or "fads", they are considered to be sheep that follow a flock. This type of investor is generally very exposed to risks within their portfolio of assets.

Unicorns

This mythical character, winged horses with a horn on their foreheads, is used as a reference to refer to those projects capable of capturing the attention of many investors and generating exponential growth, even before being listed on the main exchanges. These types of projects are generally the ones that end up setting the trend or behavior within the sector in which it is developed

The Tigers

This refers to countries with very high growth rates in their financial markets, it is a very typical metaphor of centralized investment systems to describe the characteristics of the economy in which they operate. Currently, countries such as China, Singapore, South Korea, Malaysia, and Thailand are considered as tigers, in which, thanks to the large injection of foreign capital, great economic incentives have been achieved for investment, large export volumes, and the development of large infrastructure works, of its industrial, financial and technology sectors.

Now I would like to know what you think of this publication, what animal do you feel identified with? Did you know these meanings? Would you like to make friends with a whale? xD Hope I can read you in the comment box.

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