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Title: 7 crypto acronyms you need to know Post by: Nathrixxx on September 11, 2021, 07:55:24 AM Along with the influx of information and knowledge, you are bound to come across various acronyms and phrases that may not make sense at first. With the help of this article, you can easily learn the terminologies and the rules of trading with cryptocurrency.
FOMO (Fear of Missing Out) In the context of cryptocurrency, FOMO is used to trigger new traders to place huge investments to avoid missing out on high returns. This is the type of emotional response that enables people to make impulsive decisions to buy tokens when they are at their highest. It is advised to not react to FOMO and wait it out till the market settles. HODL Originally the misspelling of “HOLD,” it has now converted to “Hold On for Dear Life.” This term is used when short-term volatility is high and the prices of the cryptocurrency keep fluctuating. When the price of a certain digital currency falls, it is advised to keep “holding onto it for dear life” instead of frantically selling it at a loss. FUD (Fear, Uncertainty, Doubt) This is a strategy used by crypto fanatics to spread misinformation and doubt regarding a trade deal or a competitor’s forecast price. This is the strategy that is commonly used to drive down the prices of any digital currency. What people tend to underestimate is the power of FUD. It has the potential of causing economic depressions and bursting bubbles within the market. DYOR (Do Your Own Research) Exactly how it sounds. Before getting influenced by what the internet is doing and reacting to, it’s important to DYOR before making any calls. There are numerous resources and websites available online that can help you stay informed and make calculated decisions regarding your investment. BTFD (Buy The F-ing Dip) This trading strategy focuses on benefiting from the potential price increase after a recent dip in the crypto market. Crypto enthusiasts wait till a currency goes down to buy it, and as soon as they see an increase in value, they sell it at a profit. WHALE A figure of speech used to describe those individuals that own a significant amount of cryptocurrency and deliberately sell their holdings to bring the prices down. By doing this, they sell their cryptocurrency at the market rate and buy it again when it’s cheaper. It is not the most ethical way of trading, but this manipulative strategy only works for those individuals whose holdings are so significant and large, every trade they make results in massive spillovers. LAMBO Short for Lamborghini, this term symbolizes the culture of getting rich super fast. This status symbol represents the life of luxury that can be achieved by crypto holders. Back in 2013, a story went viral of a user who bought a brand new Lamborghini using Bitcoin, and soon, thousands were inspired to do the same. https://m.guardian.ng/technology/tech/7-crypto-acronyms-you-need-to-know/amp/ Title: Re: 7 crypto acronyms you need to know Post by: odolvlobo on September 11, 2021, 08:25:50 AM Hold On For Dear Life is HOFDL and not HODL.
"Lambo" and "whale" are not acronyms. Title: Re: 7 crypto acronyms you need to know Post by: boyptc on September 11, 2021, 08:42:26 AM There are more like EOY = end of the year and more on this list.
--> https://abbreviations.yourdictionary.com/articles/major-cryptocurrency-abbreviations.html Title: Re: 7 crypto acronyms you need to know Post by: UserU on September 11, 2021, 08:46:02 AM Hold On For Dear Life is HOFDL and not HODL. "Lambo" and "whale" are not acronyms. Actually HODL does mean Hold On for Dear Life Just that some interpretations include the conjunction, making it HOFDL https://i.ibb.co/D9cVDkz/hodl.png Source: https://www.howtogeek.com/730572/what-does-hodl-mean/#:~:text=%E2%80%9CHodl%E2%80%9D%20is%20meant%20to%20encourage,forums%20and%20social%20media%20circles. Title: Re: 7 crypto acronyms you need to know Post by: Mbitr on September 11, 2021, 09:21:13 AM FYI - here’s the original “I AM HODLING” thread
https://bitcointalk.org/index.php?topic=375643.2600 Check out the merits !!! Title: Re: 7 crypto acronyms you need to know Post by: UserU on September 11, 2021, 09:27:53 AM FYI - here’s the original “I AM HODLING” thread https://bitcointalk.org/index.php?topic=375643.2600 Check out the merits !!! One of the OGs that is still surviving here, impressive! Title: Re: 7 crypto acronyms you need to know Post by: Rikafip on September 11, 2021, 09:33:50 AM @Nathrixxx Not a single word in your post has been written by you, as you just copy/pasted everything from that article without properly formatting the text and without adding anything of your own. Classic low value merit fishing shitpost that has been reported to the mods.
Title: Re: 7 crypto acronyms you need to know Post by: lovesmayfamilis on September 11, 2021, 09:47:21 AM OP, did you just copy a recent article on the internet and paste it here?
The question may be asked why exactly seven abbreviations? Are crypto abbreviations limited to just seven definitions? For your development, I suggest reading, and also advising you to study the abbreviations that have been collected on this topic. I think in this post you can gain useful knowledge. Thanks to @soliton for creating this post. Bitcoin&Crypto vocabulary. (https://bitcointalk.org/index.php?topic=5289617.0) Title: Re: 7 crypto acronyms you need to know Post by: tranthidung on September 11, 2021, 10:27:41 AM Again, Searching feature should be used first by which I meant Reading & Searching before making new topics.
Some similar topics. Tier 1
Tier 2 - low/ zero quality & unnecessary
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