![]() ![]() HODLers are those who bought crypto (mainly Bitcoin) very long ago and have been holding on to it ever since, resisting the urge, for example, to sell it during the new all-time-highs of April and November 2021. This is not as much of an acronym as a subculture. CRYPTO EXCLUSIVES HODL – Hold on for Dear Life It’s almost impossible to time the market perfectly, so you may wait years for a perfect dip, while other investors buy over this entire period and end up with more assets and higher profits. BTD refers to the correct action in a bear market – buying more assets at a lower price.Īlthough it sounds great and it’s definitely more advanced than investing without accounting for the price, there are certain downsides to the BTD strategy. As we know, in reality you should act the exact opposite. Logically speaking, if a cryptocurrency rises in price, you should buy it to capitalize on the gain if it starts dropping, it’s time to sell it to cut your losses short. At the same time, it is pretty hard to grasp for an outsider. “Buy the dip” is the easiest and one of the most effective investing strategies. Who knew Wall Street had room for poetry, right? Buy the dip (BTD) Bears, on the other hand, go short and hope the prices will drop (The concept of shorting is a bit complex if you don’t know what it means, you should check out this video), so they beat the prices down with their paws. Bullish/bearishīulls go long on positions and bet on the market going up metaphorically speaking, they raise the prices with their horns. This juxtaposition comes from the description of the two types of investors. ”Bullish” is a synonym of an uptrend, while “bearish” refers to a downtrend. These two words can be heard in almost any financial report on the news. Take this into account when buying crypto, and you’ll make better decisions than most people. The higher of the volatility – the more probable a big surge and a huge plunge. The smaller the market cap – the higher the volatility. We all know how wildly the price of a cryptocurrency fluctuate, but if we take a look at its market cap, we can assess how much it has truly grown. Market capitalization is a useful metric for evaluating how important the coin really is. For example, there is currently 345,5 mil SOL out there the price of Solana is around $38, so the market capitalization of Solana’s token is just over 13 bil. In short, market cap(italization) is the circulation supply (the number of coins currently out there) multiplied by the coin’s price. We actually have a whole article coming up on this topic! We publish links to all our articles on Twitter, so you can follow us and always stay tuned. And now comes the “dump”: the scammer sells all his coins, capitalizing on the inflated price The price subsequently plummets, and peoples’ financial state is left in shambles. When people buy into the story, artificial demand is being created, and the price of the coin actually rises (that’s the “pump” part). What he doesn’t announce is that he owns a huge chunk of the said currency. In a “pump & dump” scheme, the scammer tells everyone online about how a particular coin is “going to the moon” (see above) and can alone fund your entire retirement. ![]() This phrase describes a classic scam scheme which has seen a genuine Renaissance during the crypto era. When you operate with that kind of funds, you’re always being monitored by the authorities, and any wrong step you take can result in a huge fine or even a jail sentence. Moreover, you don’t really want to be a whale. Whales are always ahead of us due to their connections on Wall St. But this ultimately leads to nothing, since he who maketh the second move always loseth. Many investors (and especially traders) are trying to copy the actions of whales to copy their profits as a result. And vice versa: when whales sell, everybody sells, believing there’s no bottom to the stock’s collapse. ![]() When a whale puts a huge “buy” order, the price skyrockets, and people (foolishly enough) flock to buy it, thinking it’s going even higher. It’s an individual so wealthy that he can unilaterally alter the direction of the market. А whale is a big playa (with a “ya” at the end). Some of these words and abbreviations are used in finance & investment in general, but most are exclusive to the crypto industry. JUST HODL AND BTD, SCREW ALL NOCOINERS – you know, that kind of thing. It may seem intimidating at first, but once you get acquainted with it, you’ll want to use it as often as possible: it sounds really cool. Today, we’re going to tackle crypto slang. ![]()
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