Be observant, keen, and keep an open mind when interacting with other enthusiasts in chat forums and on social media. It is the kind of mindset that will help you learn and contribute more positively to the community. However, since they have outsized positions, they need to sell while everyone is buying, so they keep shilling the asset as they offload their positions and once they stop pushing it. Typically, the price of the asset comes crashing down as the latter buyers look to exit their positions. Just like HODL, BTD or BTFD is a term used to encourage more investment whenever an asset’s price corrects during a rally, i.e., it dips. The correction is interpreted as a chance to buy more with the expectation that the price will inevitably rebound to the previous high.
Short Squeeze
We are not aware of where this or any of the other misspellings come from, but both come with their own memes. «Probably nothing» and «Few» are expressions popularized by @bowtiedbull that spread to the entire web3 space. They are ironic ways of saying this is probably important or this is important but most people aren’t aware of it.
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When the markets get choppy, and your investments seem to be on a rollercoaster, HODL on tight and resist the urge to panic sell. Crypto lingo, or crypto jargon, is the exciting language that crypto traders, enthusiasts, investors, and fans use. Crypto slangs can be abbreviations, acronyms, misspellings, or expressions that refer to common occurrences or newly coined terms. For instance, the term “HODL” originated from a misspelling in a 2013 post on the BitcoinTalk forum by a user who declared that he was “hodling” his BTC despite a serious market downturn. The term was quickly adopted by the community and is now used to describe the strategy of holding onto a cryptocurrency despite market fluctuations. HODL means holding on to an investment position no matter how volatile the price action gets.
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Moon and mooning refer to when crypto’s price is rapidly increasing, or skyrocketing. An investor might want to know when their coins are going «to the moon.» A bag holder is someone who continues holding on to that large quantity as the value of the crypto drops toward $0.
- Bull markets are identified by more buyers than sellers which decreases supply, increases demand forcing the price up.
- Cryptojacking, or “malicious crypto mining,” is a cybercrime whereby a hacker uses an unsuspecting victim’s computing power to covertly mine cryptocurrency.
- In the early days, many who made easy money in crypto purchased lambos to show off their newly acquired wealth.
In a remarkable response, the CEO of Binance, Changpeng Zhao (CZ), reassured the community that users’ funds were safe, as the exchange had a Secure Asset Fund for Users in place. This fund was designed to cover losses in the event of a security breach[2]. While not specific to crypto, PFP has become a significant term in the world of NFTs. Your PFP represents your identity, and some rare or unique PFPs can be worth a fortune in the NFT marketplace. Although not exclusive to the crypto community, IYKYK has surged in popularity as a hashtag, particularly on NFT Twitter.
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Whenever there is negative press coverage, the value of the entire market will fall and the reverse is true. For instance, if the asset is in the middle of a bear market, there will be fewer buyers than there are sellers. For big investors, a falling market might not offer the right conditions to sell. They have to wait for buyers to come in to absorb their large orders. At the time, the flagship cryptocurrency had lost 50% of its value in two weeks falling from a then all-time high of $1,120 to a low of $560 between December 4th and the 18th. GameKyuubi wrote his post on the 18th, attempting to communicate that he was changing tact to his Bitcoin investment.
These people stay strong and resilient, refusing to sell even during market downturns. They’re the true HODLers (check crypto slang term HODL above if you need to refresh your memory). Sentiments and emotions in the market are also reflected in crypto slang. “FOMO,” or Fear Of Missing Out, describes the anxiety that investors may feel when they see a cryptocurrency’s price rising and worry that they are missing out on potential profits.
GM stands for “good morning” and, unsurprisingly, is used to greet people and spread positivity. The crypto community on Twitter often starts their day with a typical GM tweet. In crypto, “floor is lava” describes https://investmentsanalysis.info/ a situation where an NFT’s price is rising so fast because everyone’s buying. An exchange is an organization that facilitates the exchange of fiat to crypto, crypto to crypto, and crypto to fiat.
The reason cryptocurrencies a trustless is because the blockchain is tamper-proof which means that none can alter or change the code of a blockchain. A segregated witness is an upgrade to the blockchain to deal with scalability by increasing the size of each block in a blockchain by removing the signature from the block. A SegWit creates a sidechain using a segregated witness to store the data that is transferred in a transaction.