Feb 21, 2022
By: BI India BureauDid that make sense?
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Here are 15 words that you cannot afford to NOT know when it come to cryptocurrency.
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Self-deprecating humour to convey that at least some crypto trades are unprofitable.
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A coin’s price ‘dipping’ down can be the best time to buy it at a low cost.
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A decentralised exchange — a way of trading cryptocurrency without centralised crypto exchanges to supervise operations.
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One who fights emotions to stick to a chosen gameplan — avoids selling assets in panic
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An emotional investor who tends to sell when there is FUD, and buys when the market is already bullish
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Fear, Uncertainty and Doubt – an unholy trinity of emotions to change public perception against something
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Do Your Own Research – make sure to understand crypto project’s fundamentals before investing
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Fear of missing out – an intense emotion which results in investors buying crypto because the market is high
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Mis-spelling of ‘hold’ — refers to keeping crypto in the bank for an indefinite time period, expecting it to rise in price
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When a crypto coin becomes famous riding on the back of a popular meme, like Dogecoin or Shiba Inu
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PUMP - When a digital asset’s price is intentionally pushed up sharply, for investors to buy in | DUMP - Sellers cash in the asset and drop the price sharply
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A (possibly) irrational belief that the price of a particular cryptocurrency is going to rise sharply
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Mis-spelling of wrecked, used to describe what happens when one’s crypto asset prices see massive losses
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An entity who owns a large portion of a coin’s total supply, usually over five percent.
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The belief that crypto investors can get rich, fast enough to buy a Lamborghini car sometime soon.
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