CryptoCurrency Lingo Top Ten 00
hi.. steemit is a community of different of people belonging to different fields of life, here is important CryptoCurrency Lingo.
HODL:
hodl means "Hold" in cryto. there was a viral post in crypto community where a person was drunk and used HODL instead of Hold. most of times it is used in MEMES.
FOMO:
Fear Of Missing Out. it is a psychology that if something in monetary value goes up then one feels that he is missing the train or missing the wave and in that state one gets part in that VENTURE, so most of the time this results in bad decision, because when something goes up and is volatile in nature will have to come back as well and due to HYPE or FOMO; investee invests without thinking alot into it.
FUD:
Fraud, Uncertainty, Deceit. FUD; it is a strategy to affect the prices of cryptocurrency. a hype created via media or regulatory news etc...
ATH:
All Time High, ATH. this is a term which keeps on updating itself when the value of a specific currency goes up and then out of FOMO some people buy and currency value goes down 😂
AltCoins:
all crypto currencies except bitcoins are considered ALTCOINS(alternative coins).
Pump and Dump:
phenomenon which is closely related to FOMO. in case of low valued altcoins, some playes Pump(purchase altcoins) the altcoin at lower price and that currency value goes up(Bullish), and less informed person start buying that altcoin due to FOMO and its value goes up and that player pulls out his investment(dumps). mainly used for buying(pump) at low price and selling(dump) when the value is high.
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