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BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo - Investment - Nairaland

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BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 9:08am On Mar 03
BOOM! Part 1 of Crypto Vocab,

Cryptocurrency Lingo

1.HODL.
A misspelling of ‘hold’ that stuck around to mean ‘keep’. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin.

2.FOMO.
Short form for ‘fear of missing out’. The feeling when you see a huge green Love Machine on a chart and you don’t own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.

3.FUD.
Short form for ‘fear, uncertainty and doubt’. Usually used in the form of “Bleep spreading FUD again.”

4.ATH.
Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin.

5.Whale.
A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital.

Good morning,
Use the link to register we both get 20% coin
https://www.binance.com/en/register?ref=H1R24WDO
the following coin are good entry now KCS, KLV, ONE, EOS, and SXP are all looking good for entries

5 Likes 1 Share

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 9:09am On Mar 03
BOOM! Part 2 of Crypto Vocab,
6. Pump and Dump.
The recurring cycle of an Altcoin getting a spike in price followed by a huge crash. Such movements are often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price.

7. Shill.
The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin.

8. Bag Holder.
A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins.

9. Margin Trading.
A term for ‘trading with leverage’. In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and sell it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern.

10. Long.
A position that a trader takes. To take a long position on something is to believe its value will rise in the future.

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 11:34am On Mar 03
Investing is when you buy a piece of ownership in a business.

Trading is when you hope a stock will go up for quick gains.

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 12:01pm On Mar 03
No lies.... cheesy cool


Crypto is life

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 12:27pm On Mar 03
wink
Xavfra:
No lies.... cheesy cool


Crypto is life

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 3:47pm On Mar 03
LauraClasikVibe:
wink



You're into it?
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 3:49pm On Mar 03
Yes
Xavfra:




You're into it?

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 3:55pm On Mar 03
LauraClasikVibe:
Yes

....


Nice one.....


It's worth it
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Usorohtheman(m): 5:49pm On Mar 03
Xavfra:

....

Nice one.....

It's worth it

How about forex bro?
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Taba21: 6:16pm On Mar 03
LauraClasikVibe:
BOOM! Part 1 of Crypto Vocab,

Cryptocurrency Lingo

1.HODL.
A misspelling of ‘hold’ that stuck around to mean ‘keep’. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin.

2.FOMO.
Short form for ‘fear of missing out’. The feeling when you see a huge green Love Machine on a chart and you don’t own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.

3.FUD.
Short form for ‘fear, uncertainty and doubt’. Usually used in the form of “Bleep spreading FUD again.”

4.ATH.
Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin.

5.Whale.
A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital.

Wise woman the banned doesn't affect you niii

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 7:29pm On Mar 03
Usorohtheman:



How about forex bro?


I don't do it ......

But it's cool.....

....just know your onions and try to mingle with those who know it
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 7:29pm On Mar 03
LauraClasikVibe:
Yes

That's ur number below....

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Usorohtheman(m): 7:31pm On Mar 03
Xavfra:


I don't do it ......
But it's cool.....
....just know your onions and try to mingle with those who know it

Okay, thanks bro.

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Xavfra(m): 7:44pm On Mar 03
Usorohtheman:



Okay, thanks bro.


You're welcome

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 9:58am On Mar 05
Nah there is p2p or you use payoneer then transfer to your nigerian account wink
Taba21:


Wise woman the banned doesn't affect you niii

1 Like 1 Share

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 9:58am On Mar 05
kiss
Xavfra:


....


Nice one.....


It's worth it
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 10:15am On Mar 05
BOOM! Part 3 of Crypto Vocab,
11. Short.

A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future.

12. Limit Order.

An order placed at a future price that will execute when the price target is hit.

13. Borrowing Rate.

When you open a leveraged position, you will be borrowing coins at a pre-determined rate. This rate will be added to reflect your position’s overall profit and loss.

14. Lending Rate.

Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades. The lending rate fluctuates throughout the day based on the demand for shorting the coin.

15. Fill or Kill.

A limit order that will not execute unless an opposite order exceeds this limit order’s amount.

16. BUY | SELL Wall.

A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.

17. Altcoin

“Alternate coin” so it is everything other than Bitcoin (BTC). Bitcoin is the main index for cryptocurrency market. If BTC goes up, other coins go up. If BTC goes down, other coins go down.

18. Circulating Supply.

The price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap.

19. Market Cap.

A stock’s market cap refers to the market value of the company’s outstanding shares.

In the cryptocurrency market, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market.

20. DDOS.

Short form for ‘Distributed Denial of Service’.

A well-timed DDoS attack at exchanges during volatile movements may be devastating as traders will not be able to execute any order manually and will be at the mercy of their pre-set, or the lack of, limit orders.

LEARN THESE TERMS AND GAIN KNOWLEDGE BEFORE MAKING HUGE INVESTMENTS IN CRYPTO WORLD.

2 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 10:30am On Mar 08
#XRP has crossed the Google's trend graph for 2017 bullrun. #XRPCommunity hang tight we will be golden soot
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 10:41am On Mar 08
To understand bitcoin you must unlearn what you have learned about money.
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 11:27am On Mar 08
A list of basic Linux commands every developer should know:

1. Open your browser
2. Head to your favourite search engine
3. Type "how to copy a file to another directory"
4. Click the first Stack Overflow link
5. Copy the top voted answer
6. Blindly paste it into your terminal
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 11:29am On Mar 08
Covid brought us the biggest digital transformation of our life.


Businesses went digital

Schools with digital

Restaurants went digital

Money went digital
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 11:45am On Mar 08
Last January, it took #BTC almost 20 days to end its first Bull Market correction of 2021

And then $BTC rallied +95% to a new All Time High of ~$58,000 in the 24 days that followed

Bitcoin Bull Market retraces take place slowly

And end suddenly

1 Like 1 Share

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 3:42pm On Mar 10
There will always be different ideas about how often to trade, how long to hold a position and when to enter or exit the market. But, there are four main styles and strategies at the core of trading.

1. Scalping is a trading style that involves opening and holding a position for a very short amount of time, from a few seconds to a few minutes at most.

2. Day trading is a style that specifies a trader will open and close all their positions before the markets close each evening. Positions are usually held from anywhere between few seconds to a few hours.

3. Swing trading is a style that focuses on taking a position within a larger move. It involves holding a trade over several days or weeks, in order to take advantage of short- to medium-term market movements.

4. Position trading involves holding a trade for a long period of time, whether this is weeks, months or even years.

Choosing a trading style requires the flexibility to know when a trading style is not working for you, but also requires the consistency to stick with the right trading style even when it is not performing optimally.

3 Likes

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 3:45pm On Mar 10
Human emotion drives financial markets as much or more than market fundamentals. As your investments grow, your confidence grows. And while you don’t know exactly where the top of the market is going to be, there is a feeling of euphoria when returns are favorable. This is also the point of maximum potential risk for your portfolio.

Conversely, as your investments lose value, your confidence diminishes and you begin to feel nervous. And while you don’t know exactly where the bottom of the market is going to be, there is a feeling of despondency when returns are unfavorable. This is also the point of maximum potential opportunity.

A diversified portfolio can help protect you from the extreme highs and lows of market volatility, which in turn can help prevent you from feeling extreme emotions as your portfolio expands and contracts.
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 3:50pm On Mar 10
Before you start investing, make sure that you have strong fundamentals—otherwise, you’re building a house of cards.

FAQs:

Where should I store my emergency fund? In a high yield savings account. It should NOT be invested

Do I have to pay off debt before investing? Yes. Paying off debt is a guaranteed return on investment. It’s 100% risk-free, while the market is not risk-free. 4%+ is what I would personally stick to but adjust it to your situation.
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 9:41pm On Mar 11
You have FREE coin waiting! Join #Binance and we'll both get $5 Sign up with https://www.binance.com/en/register?ref=H1R24WDO
Use the link to register we both get 20% coin

Thank you for using my link.

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 8:59am On Mar 14
Happy Mother's day to all mother's
Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by Nobody: 12:21pm On Mar 14
LauraClasikVibe:
You have FREE coin waiting! Join #Binance and we'll both get $400 of either Ada or BNB FOR FREE. Sign up with https://accounts.binance.cc/en/register?ref=71948646
can it be sold?
last time you said 100 then 200 nd now 400

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 2:03pm On Mar 14
perkyB:
can it be sold?
last time you said 100 then 200 nd now 400
Yes, it can be sold, the more number that sigh up the more reward we both get.

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by ElectronicMoney(m): 3:00pm On Mar 14
LauraClasikVibe:
Yes, it can be sold, the more number that sigh up the more reward we both get.

You should also tell them the meaning of "Shitcoins" grin

1 Like

Re: BOOM! Part 1 Of Crypto Vocab: Cryptocurrency Lingo by LauraClasikVibe(f): 8:20am On Mar 15
Yes boss
ElectronicMoney:


You should also tell them the meaning of "Shitcoins" grin

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