Crypto users often use certain words to get people excited about coins. But their words don’t always mean what you might think. Here are some of their favorite phrases and what they really mean.
1. DYOR (Do Your Own Research)
"Do Your Own Research" means you are responsible for your own investment. Even if everyone talks about a coin, you’re the one who loses money if it fails.
Real Meaning: “If you lose money, don’t blame me!”
2. NFA (Not Financial Advice)
people often say things like “Buy now!” or “We’re going to the moon! (NFA)” and add “NFA” to avoid taking responsibility. This phrase is a way to say, “This is not official advice.”
Real Meaning: “It's just my opinion, not advising you to buy this!”
3. HODL (Hold On for Dear Life)
“HODL” started as a typo for “hold,” but now it’s a popular word for keeping your crypto coins, even if the price drops. Some say it means “Hold On for Dear Life.”
Real Meaning: “Don’t sell, even if it’s risky!”
4. Find Safe Entry
This phrase means to try to buy a coin when its price is low. It’s hard to know when this will happen, so if you lose money, promoters can say you didn’t buy at the right time.
Real Meaning: “when it is a buying time then try to find good Entry level!”
5. Up Only
people say “Up Only” to suggest that a coin’s price will keep going up. But no coin only goes up forever, and prices can fall anytime.
Real Meaning: “It might go down later, but we’re hoping it rises first!
6. To the Moon
When they say a coin is “going to the moon,” they mean it will bring big profits. Usually, it’s just a hope, not a fact.
Real Meaning: “We’re dreaming big, it will reach its top!”
7. Buy the Dip
“Buy the dip” means to buy a coin when the price drops, hoping it will go back up. But prices can keep falling, even after you buy.
Real Meaning: “Hurry and buy before the price goes up!”
These are some common words used by crypto users. Always be careful and make decisions for yourself!
