All the Acronym Everyone should know if you are in Cryptocurrency Trading.
World has moved from physical currency to virtual ones . There will be a time when everyone will come to know about cryptocurrency and Blockchain. There are plenty of technology we use daily in our life ,which are outdated and seeking for upgrade. Lets take a Usecase like Sending money to your loved once across continent will take more time and hardwork also there will be middle man charges but using blockchain technology this can be done in seconds.
Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin
( all coins other than Bitcoin , like Ethereum, monero, litecoin, zcash.......)
ASHDRAKED: A situation where you lost all your money.
( this comes soon after all coin touches all time high , usually december or january end ☺☺)
Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
( Big shark or hodlers)
ATH: all time high
Bear/Bearish = Negative price movement
ICO: Intial coin offering otherwise know as IPO
BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
Bull/Bullish= Positive price movement
DILDO = Long green or red candles
Dump = To Sell off a coin
Dumping: Downward price movement
DYOR = Do Your Own Research
FA = Fundamental Analysis
FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)
FUD = Fear Uncertainty & Doubt
HODL = Hold/Hold a position
JOMO = Joy Of Missing Out
Long: Margin bull position
MCAP = Market Capitalization
Moon = Continuous upward movement of price
OTC = Over The Counter
Pump: Upward price movement
Saj candle Huge green candle
Shitcoin = A coin with no potential value or use
Short = Margin bear position
Swing = Zig zag price movement (Upwards and downwards)
TA: Technical Analysis ( if you are good is market graph reading)
REKT: When you have a bad loss
Reverse Indicator: Someone who is always wrong predicting price movements ( if you are good is market graph reading)
RSI = Relative Strength Index ( if you are good is market graph reading)
Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
Whale = Very Wealthy trader/Market mover.
iF i have missed any abbrevation please comment below
picture courtesy : cointelegraph
yes i am the new investor ,well bro thanks for the acronyms the will help to understand and comment to use so ......
ok
Upvote this for me please? https://steemit.com/christianity/@bible.com/verse-of-the-day-hebrews-4-16-nlt
Really helpful for new beginners in crypto field.
Keep updating more.