ABBREVIATIONS AND TERMS A NOVICE IN CRYPTO WORLD NEEDS TO KNOW
cryptocurrency·@abdulquahar·
0.000 HBDABBREVIATIONS 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](https://i.dietdoctor.com/wp-content/uploads/2013/01/confused.bmp?auto=compress%2Cformat&w=650&h=431&fit=crop) ***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