Here are the commonly used terms used in the cryptocurrency community to discuss market trends, investment strategies, and security measures.
🔸FUD: Fear, Uncertainty, and Doubt. This term is used to describe the spread of negative information or rumours to create doubt and panic among investors.
🔸FOMO: Fear of Missing Out. This term describes the anxiety or fear that one might miss out on a potentially profitable investment opportunity.
🔸HODL: Hold On for Dear Life. This term originated from a misspelling of "hold" and has become a rallying cry for long-term cryptocurrency investors who refuse to sell their holdings despite market volatility.
🔸WAGMI: We Are All Going to Make It. This phrase is used to express confidence in the long-term success of the cryptocurrency market and the belief that everyone who holds onto their investments will eventually profit.
🔸SAFU: Secure Asset Fund for Users. This term was popularized by the cryptocurrency exchange #Binance , which created a fund to protect its users' assets in case of a security breach.
🔸ROI: Return on Investment. This term refers to the percentage of profit made on an investment relative to its initial cost.
🔸ATH: All-Time High. This term is used to describe the highest price a cryptocurrency has ever reached.
🔸ATL: All-Time Low. This term is used to describe the lowest price a cryptocurrency has ever reached.
🔸DYOR: Do Your Own Research. This term is used to encourage investors to conduct their own research and due diligence before making any investment decisions.
🔸DD: Due Diligence. This term refers to the process of conducting thorough research and analysis before making an investment decision.
🔸AML: Anti-Money Laundering. This term refers to a set of laws, regulations, and procedures designed to prevent the use of financial systems for money laundering and other illegal activities.
🔸KYC: Know Your Customer. This term refers to the process of verifying the identity of a customer before allowing them to use a financial service or platform.
Source: OMOBOLA
