Hi everyone 👋
If you are beginner and new in crypto world , so this post and following posts are totally for you.
Sometimes you are scrolling through binance square and read posts and articles and while reading you see abbreviations like ( HODL, ATH, fiat ,......etc).
So let me explain most crypto vocap. you will see here :
- FIAT💲 : it's Government Issued Currency , not backed by a physical commodity like gold or silver but rather by the government that issues it, its value is derived from the trust and confidence people have in the issuing government and its ability to maintain stability and regulate the currency . Examples include US Dollar , Euro , JP yen.
Whale🐳 : Refer to an individual or maybe an entity with substantial financial resources , They have a significant capital ( A lot of crypto ) to invest in the markets , They often make huge trades that impact on crypto prices.
Bullish : expecting the prices will increase ↗️
Bearish : Expecting the prices will decrease ↘️
ATH📈 : All time high , the highest a coin has ever been .
FOMO 😳 : Fear of missing out , It can lead people to make impulsive decisions to buy assets that are rapidly rising in value, for fear of missing out on potential profits.
Mooning 🌕 : price going up high ↗️↗️
HODL : It refers to the strategy of holding onto cryptocurrency assets rather than selling them. The term is often used to encourage long-term investment in cryptocurrencies, emphasizing the belief that holding onto the assets will ultimately lead to greater returns.
"FUD" : stands for "Fear, Uncertainty, and Doubt." It refers to the spreading of negative or misleading information to create fear, uncertainty, and doubt in order to manipulate perceptions or behavior, particularly in markets or communities. In the context of cryptocurrency, FUD might involve spreading rumors or false information about a particular cryptocurrency or the broader market in an attempt to drive down prices or discourage investment.
