As the user base of the website continues to grow, the platform continues to receive attention. Regardless of how long have you been a member of read.cash, this article will be helpful,if you still don't know what are the common terms used in the world of cryptos.
This mainly means various terms that traders often use. It is necessary to overcome the notion that some people just want the monetary value they receive.
This type of article will help to inspire and give knowledge to those who have been here but don't know any crypto terms. In this article, I refer to Bitcoin Cash and cryptocurrencies as a whole, their terms, and how they can be used in certain situations.
However, before you continue, please note that this is not professional advice. They are based on what I have read from different websites and articles.
By the way, Bitcoin Cash, also known as BCH, is a cryptocurrency. As compared with other cryptocurrencies, its fees are low.
These crypto terms are arranged in alphabetical order:
ATH
The term given above is an abbreviation. ATH stands for "all time high", that is, the highest price reached by a given asset.
ATL
On the other hand, ATL means the "all time low," which also means the opposite of ATL or the lowest price of a particular currency.
Blue Chips
Blue chip stocks are well known that these chips have the highest value in a poker game or a company with a long tradition of stability and significant growth. However, when it comes to cryptocurrencies, they are the coins that is most likely safe to invest at.
Stimulate the adoption of cryptocurrencies in a bullish and bearish manner.
When currency prices are rising, the term "bull market" is used; on the other hand, bearish means the opposite or when prices tend to fall.
Buidl
It means to continue to promote the adoption of cryptocurrencies.
DYOR
It is another acronym whoch stands for "do your own research". This is mainly to conduct your own research to develop your own unique trading strategy and become a successful trader.
FOMO
This is short for "fear of missing out." When you see a green number on the chart that represents the growth percentage of one or more cryptocurrencies you earn, this is the dynamics in your body. The feeling where you want to follow the hype in the market.
FUD
It basically means" fear, uncertainty and doubt." This is a huge factor that may affect our attitude towards impulse buying and selling. Sometimes, some people spread misleading information. Therefore, individual traders need to listen to and trust reliable sources in both cases. : Determine FUD in advance and take corresponding measures.
HODL
It seems that the word is misspelled, but it is not. This is a simple abbreviation of "hold on, dear life." This means that you keep your investment instead of selling it.
Rekt
Rekt is an encrypted term that means wrecked. This term is often used to refer to someone or trader who has lost a large amount of investment.
Stable Coins
Low volatility, or the rate at which currency prices rise or fall in a given set of returns. The bitcoin.com wallet is a good example, especially when you are trying to use an exchange function that allows you to select stable coins from a list.
To learn more about crypto terms, you must read articles about cryptos just like the articles of sir @MarcDeMesel and others. Anyways, learning will not stop after graduation, this is a continuous process.
Hope you can learn something from this article. Congratulations on coming here. Just let me know what you think about it.
