If you plan to invest in the crypto market, there are pieces of info you may want to know. Here I present you 10 terms to know as an investor before moving or already in the crypto market.
#5. HODL
In 2013, GameKyuubi, a cryptocurrency forum member, “I AM HODLING" instead of “I AM HOLDING". HODL now means, “Hold on for Dear Life", meaning an investor holding tight to his crypto despite fluctuations. Read more.
#4. Bitcoiner/Altcoiner/Nocoiner
These terms are basically tags for categories of crypto investors. A bitcoiner is someone who loves investing in bitcoin with little or no interests in other cryptocurrencies. An altcoiner is an investor who loves exploring other cryptocurrencies aside bitcoin and makes heavy investments in altcoins. A nocoiner on the other hand has nothing or does not hold any crypto.
#3. FUD
This acronym means “fear, uncertainty and doubt". It is a situation in which a group of people spread false information about cryptocurrencies to cause fear, uncertainty and doubt in investors. Their intention is to by so doing, lower the value of a cryptocurrency and them profit from it by purchasing it at a low price. Read more.
#2. ATH
This term means “all-time high". It will help you as an investor by you keep an eye on price movement and performance of crypto which are notorious for their volatility. Read more.
#1. Private And Public Keys
A private key is a code a series of numbers and letters that acts like a password for you to access your digital assets. Though basically the same, a public is a unique address where you get your cryptocurrencies. Never share your private key with others. But you must share your public key with others. Read more.