Altcoins News
By Crypto Mentor
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When I first started learning about cryptocurrency in 2016, I quickly learned there were terms being used that I was clueless about. I had no idea what they meant!
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The purpose of this article is to help you become familiar with some of the terms you’ll be reading about.
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ATH stands for “All Time High.” This simply means that the price of a particular coin or token has surpassed its records and reached the “All Time High.”
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BAGHODLER is a trader who has missed his or her opportunity to sell while they were at a higher price and is now left with coins or tokens that have depreciated significantly.
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CRYPTOCURRENCY WALLET is a physical device or software which keeps track of your coins and allows you to send or receive them.
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DECENTRALIZATION is a term in the crypto space and refers to the vision behind digital currencies like Bitcoin, where there is no central authority or body.
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DUMPING means a downward price movement caused by people massively selling a token.
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DYOR means “Do Your Own Research.” Don’t rely on other people to tell you how to invest. It’s your responsibility to invest your funds wisely.
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FIAT refers to traditional printed paper money.
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FOMO stands for “Fear of Missing Out.” Sometimes traders buy an asset when the price is increasing.
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FUD stands for “Fear, Uncertainty, and Doubt.” This is when individuals or organizations spread fake news to create FUD and increase downward pressure on the market.
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HODL is a term that stands for “Hold On for Dear Life.” If you are a long-term trader, your strategy is to “hold” on to the token regardless of how low the price goes.
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PUMP stands for an upward price movement, usually caused by deliberate actions aimed at increasing prices, generally so it can be sold at a profit
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SATOSHI is the smallest unit of Bitcoin equal to 0.00000001 bitcoin.
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TA or Technical Analysis refers to reading chart patterns and trying to predict the price movements based on its previous performance using various types of tools and technical…
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