ABBREVIATIONS AND TERMS A NOVICE IN CRYPTO WORLD NEEDS TO KNOW

Let me start by telling you what really inspired this post….. it all started when my very good friend @udezee advised that I should HODL on a coin I wanted to sell, and I thought the HODL was a probably a mistake caused by the prediction on his smart phone ,but I was quite amazed when I saw the same word in a whatsapp crypto group which made me realize it actually meant something and I decided to DMOR and this is what I came up with

SOURCE

SOME TERMS YOU SHOULD KNOW
ASHDRAKED: A situation where you lost all your money
ALTCOIN: Any crypto currency other than bitcoin.
BAGHOLDER: A person who buys and hold coins in large quantity hoping to make good profits. In most cases this backfires, because the depreciate coins never pick up in value again
BEAR: Negative price movement
BULL: positive price movement
BTFD: Buy the fucking dip ( an indication to buy a coin when it has dumped)
DUMP: to sell off a coin
DUMPING: downward price movement
DYOR: do your own research
FOMO: fear of missing out ( a coin is pumping and you get the feeling it is going to pump more so buy high
FUD: fear uncertainty &doubt
HODl: hold / hold a position
JOMO: joy of missing out
LONG :marginal bull position
MCAP: market capitalization
MOON: continuous movement of price
OTC: over the counter
PUMP: upward price movement
SHITCOIN: a coin with no potential value or use
SHORT: margin bear position
SWING:zig-zag price movement (upward or downward)
REKT: when you come up with a bad loss
REVERSE INDICATOR : someone who is always wrong predicting price movement
WHALE : very wealth trader/market mover
That’s just some need to know jargons in the crypto world.

So when next a WHALE chats you up you should be able to overcome your FUD ..( just try to be funny tho)
Hope you had a nice time reading