Do you know these terms used in the cryptomanes market?
The crypto-coins market is recent and a lot of people are still learning what Bitcoin means. However this market is extremely heated and already has some slang, which are used at all times by the media, by investors, by youtubers. Because of this, we separate the most commonly used terms so that you do not get left out when you come across these expressions.
HODL - It is the wrong written form of the word hold, which means to hold. In the world of cryptomoedas the term is used to refer to those investors who will not sell their currencies because they believe that the currency has great potential for growth. It is widely used when there is a great market correction and many scared want to sell their coins, but you should just HODL !!!
FOMO - It is an acronym for the words "fear of missing out", which means "fear of being left out". It refers to those investors who want to enter a currency that is valuing very high and, for fear of being left out of this movement, will buy it at a time when it is overvalued. So avoid the FOMO.
FUD - Another acronym for the words "fear, uncertainty and doubt." The cryptomanes market is infested with news all the time. Therefore, the currency you own and believe you have great potential may be badly spoken by an important character in the market. Thus, they may be spreading FUD about a currency. That was what Jamie Dimon did about Bitcoin when he said the coin was a fraud.
MOONING - When the price of a coin is rising it "mooning", ie it is going to the Moon. People usually talk: "Ripple to the moon".
FIAT - It is the currency issued by the governments of the countries, such as the dollar, the real, the euro.
WHALE - They are those people with great participation in the currencies. In the world of stocks, the big investors are the sharks of the market, already in the world of cryptomoedas these investors are called whales.
BULLISH - It is the expectation that the market will rise. The bulls are the bulls, which when they attack their victims throw them up as well as when prices rise.
BEARISH - It is the tendency that the market will undergo a devaluation. The bears are the bears, they attack their victims from top to bottom, throwing the prices down.
ATH - It means "all time high", literally the highest price of all time, is the historical maximum of a cryptoman. Usually, it is not a good time to buy, since a correction is expected after a coin reaches your ATH.
MARKET CAP - It is the market value of a currency. To know the market value you must multiply the value of currencies in circulation by the current price of the currency. It serves as a reference to know the extent to which an action may rise.
ICO - Abbreviation meaning Initial Coin Offering, that is, Initial Currency Offer. It is the way currencies are used to capture values for their investments, allowing investors to buy the currencies before they are traded in the exchanges. The ICO's of major currencies can generate a lot of profit because the investor will buy the currency at a relatively low price.
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