PUMP and DUMP

"Pump and dump" is a term used in global cryptocurrencies. Consider a collection of people seeking to trick others for his or her gain. Here's the way it works:

They first sell a particular cryptocurrency by spreading interesting and advantageous information about it, making others accept it as true with a tremendous amount of funding. As extra, we humans easily get fascinated and start shopping for that cryptocurrency, its rate begins to upward push swiftly. This surprising increase in rate is referred to as a "pump."

As soon as the price has long passed drastically, those cheating human beings, also known as "scammers," will sell their personal cryptocurrency holdings, creating a big profit.That is after they "dump their coins"

Due to their actions, the rate of that cryptocurrency all at once falls, leaving people who sold it at a better rate with losses. The scammers take advantage of innocent people who believe their fake guarantees.

It's essential to be cautious and we should do our research earlier than investing in any cryptocurrency. Have been a victim of this but now I take into account, if something seems too excellent to be proper, it likely is.

Go to the Moon

In the cryptocurrency globe, "go to the Moon" isn't approximately without a doubt going to outer areas. As a substitute, it's an expression used to explain the desire that a specific cryptocurrency's fee will rise notably. When people say a cryptocurrency is "going to the moon," they mean its fee goes to soar excessively, just like a rocket setting out toward the moon.

It is crucial to take into account that at the same time as a few cryptocurrencies will increase, investing in them consists of risks. Prices may be very volatile and can also move down as quickly as they went up. So, when I hear a person say that a cryptocurrency is "going to the moon," I will consider being careful and make clever decisions.

HODL

"HODL" may sound like a strange word, but it surely originated from a misspelling of the phrase "hold" in a cryptocurrency discussion board. It has now become an acronym for "Hold On for Dear Life."

When people say "HODL", they mean they'll preserve their cryptocurrency investments, irrespective of what takes place inside the marketplace. It's like announcing, "I am not going to sell, irrespective of if the charges go up or down. I'll stay robust and preserve my investments."

"HODL" is regularly used in the course of instances when the cryptocurrency market is experiencing several ups and downs. It's a reminder to live patiently and no longer make hasty selections primarily based on transient price adjustments.

STRAIGHT

"Straight" is a period that's used to explain a solid or consistent price motion of a cryptocurrency. Is like imagining a line that is neither going up nor down sharply but moves consistently. That's what most people tend to suggest when they say the rate is "straight."

In the assessment of the unstable nature of a few cryptocurrencies, a direct price motion shows an extra solid and predictable market. However, it's critical to remember the fact that even a "straight" price motion can be alternated at any time, so it's essential to stay informed and make knowledgeable selections.

BAG HOLDER

A "Bag Holder" is a person who bought a cryptocurrency at a higher rate but is now stuck "holding the bag" with that funding because the rate has dropped extensively.

To illustrate this, i bought a cryptocurrency for $100, hoping it's going to boom in cost. However, instead of increasing, the rate drops to $50 . I will be left preserving and funding, it's truly now worth less than what i paid for, and that feeling of being "stuck" this is what is referred to as "keeping the bag."

Being a "bag holder" is not a pleasing state of affairs, however, it's a chance that comes with investing in cryptocurrencies. Price can be unpredictable, and it's essential to be organized for potential ups and downs.

CRYPTOSIS:

"Cryptosis" is not a commonly used term in the cryptocurrency world. It might be a play on words, combining "cryptocurrency" with "osis," which is often used to explain a medical situation.

If we had to assume what "cryptosis" should suggest, it might consult with a person being excessively or obsessively worried about cryptocurrencies. It could be like having a sturdy fascination or preoccupation with cryptocurrencies and spending a whole lot of time wondering or speaking about them.

Even though cryptocurrencies may be thrilling, it's vital to discover a healthy stability and to not let them consume all our mind and time. Moderation is key when it comes to any type of funding or hobby.

OIC

Inside the global cryptocurrency, "OIC" stands for "Oh, I See." It is an unusual expression used in online conversations to suggest that a person is familiar with or acknowledges what any other character is announcing.

As an example, if i explains how a particular cryptocurrency works, and you recognize the explanation, you may respond with "OIC" to expose that you've grasped the idea.

It is a simple and friendly manner of acknowledging records or a message through discussions.

Where Does FOMO Occur in the Crypto Cycle?

FOMO, also known as "Fear of Missing Out," is a common emotion that transpires in the cryptocurrency market. It occurs during the "bull market" stage of the crypto cycle. At this particular stage, cryptocurrency prices are just rising rapidly, and there is a sense of excitement and positiveness among different investors.

As prices rocket, people who haven't invested yet may feel anxious about missing out on potential profits and rewards. Because of this some see others as making money and fear they will be left behind if they don't join in the rally. This fear of missing out can lead to impulsive judgments and hasty investment plans.

How to Deal with Crypto FOMO

By educating one's self: The best self-defense against FOMO is knowledge. We should all take the time to understand the cryptocurrency we are interested in, its underlying technology, and its potential risks and rewards.

By making Investment Goals or plans: We should set our investment goals and risk tolerance before entering the market. Having a clear plan will help us to stay focused and avoid making impulsive decisions.

We should diversify our Portfolio:Don't put all your funds into one cryptocurrency. Diversification can help reduce risk and mitigate the impact of market fluctuations.

Avoid Emotional Trading:Emotions like FOMO can cloud judgment. Stick to your investment strategy and avoid making decisions solely based on fear or excitement.

Practice patience:Markets are volatile, and prices can fluctuate rapidly at any time. But we need to be patient to wait for opportunities that align with our investment strategy.

By following these steps, you can effectively deal with FOMO and make more informed and rational investment decisions.

Cause of FOMO and How to Prevent It

The cause of FOMO in the crypto market is driven by several factors:

Media Hype: Positive news and media coverage about cryptocurrencies' price surges can create a sense of urgency to invest before missing out on potential gains.

Social Media Influence: By seeing other people post boasts about their profits on social media platforms can trigger feelings of envy and FOMO, making people want to jump on the bandwagon.

Lack of Understanding will make people feel compelled to invest without fully understanding the cryptocurrency or the market, driven by the fear of missing out on a lucrative opportunity.

To Prevent FOMO:

Stay Informed: Do thorough research and stay informed about the cryptocurrency market. Knowledge is your best defense against FOMO.

Stick to Your Strategy: Set clear goals and follow your strategy. Avoid decisions based on temporary market

Avoid mentality: we should not follow blindly but instead, we should make decisions based on our research and risk findings

It's always wise to invest only what we can afford to lose
It's always advisable to invest only what we can afford to lose,cryptocurrencies investments carry a lot of risks, and it's essential to be financially prepared for any prospective losses.

By practicing self-control: If you feel FOMO creeping in, take a step back, and reassess your investment decisions calmly.

What is FUD

FUD stands for fear, uncertainty, and doubt.In the cryptocurrency world, it refers to the spread of negative misleading information to create fear and doubt among investors. FUD can arise at any point in the crypto cycle, but it is more prevalent during markets or periods of market volatility.

What Causes FUD?

FUD can be spread through various channels, such as social media, news outlets, and online forums. It may include false rumors, excessive news, or baseless criticism of a particular cryptocurrency in the entire market.

How to Prevent and Overcome FUD

By verifying information: We should not believe everything we read or hear. Always verify information from credible sources before acting on it.

We should stay calm: During periods of FUD, emotions can run high. Remain calm, and base your decisions on rational analysis rather than fear-driven impulses.

By following a reliable news outline: Stick to reputable news sources and cryptocurrency experts for accurate and balanced information.

By joining community discussions:Engaging in discussions with other community members can help you gain insights and different perspectives on the market.

By focusing on fundamentals: Look beyond short-term price movements and focus on the long-term fundamentals of the cryptocurrency you are interested in.

By being vigilant and cautious about FUD, investors can make more informed decisions and avoid being influenced by misleading or fear-inducing information.

My choice of cryto-asset is bitcoin and through screenshots, i will explain the cycle phase inwhich FOMO and FUD will occur.

Fomo occurs during the "bull market" stage of the crypto cycle.
At this time everybody wanted to buy Bitcoin and give in to a fomo feeling,media platforms started publishing different articles explaining that Bitcoin was breaking record after record

A "fud" sentiment has taken preserves of the marketplace. Everybody has become afraid, and all of the opponent parties of Bitcoin,started to mention that Bitcoin was a speculative bubble again.Today as we all know Bitcoin has fallen to
$29,222

Bitcoin is actually among one of the crytocurrency am looking forward to and i hope it rises up again😃