If you're new to crypto, you may often come across strange words in chats and posts. Here's a breakdown of the most popular ones:
🚀 To the Moon is a phrase that denotes a sharp rise in the price of an asset. Example: “ETH to the moon!”
📉 Dump - a sharp drop in price. “The whales did a dump, minus the depo...”
📈 Pump - a sharp rise in price, often artificially orchestrated. “Pump alta, let's fly!”
🐳 Whale - a large holder of crypto, capable of moving the market. “Whales are draining BTC, waiting for drawdown...”
💎 Diamond Hands - investors who don't sell an asset even in case of strong fluctuations. “I have diamond hands, holding BTC until it flies away!”
👐 Paper Hands - those who easily panic and sell an asset at the slightest drawdown. “Paper hands sold off by -5% again.”
💰 HOLD - a strategy to hold crypto for the long term despite fluctuations. “I'm getting into HODL, I don't care about volatility.”
🐻 Bear Market - Bear market, a downward price trend. “In a bear market, it's best to buy long term.”
🐂 Bull Run - bull market, up and positive expectations. “Bull market, everything is going up!”
🔥 DYOR (Do Your Own Research) - “do your own research”, don't invest blindly. “Before you enter a project - DYOR!”
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Forwarded from Crypto Gates | Blockchain Development
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