🚀 TIPS YOU NEED TO KNOW IN CRYPTO 🚀

Crypto 101

These are some short terms we use in crypto 👇

DIP – Decrease In Price

PUMP – Increase in Price

BULL – Bullish season (Pumps)

BEAR – Bearish season (Dumps)

DEFI – Decentralized Finance

DEX – Decentralized Exchange (e.g., Pancakeswap, Poocoin, Uniswap, Sushiswap)

CEX – Centralized Exchange (e.g., Binance, Bybit, Mexc)

DW – Decentralized Wallets (e.g., Metamask, Trust wallet, Bitkeep wallet, Okx wallet)

P2P – Peer to Peer

NFT – Non-Fungible Token

ATH – All-Time High

ATL – All-Time Low

ALT – Altcoin (e.g., Ethereum, Binance Coin, Tron)

DAPP – Decentralized Application

DAO – Decentralized Organization

DYOR – Do Your Own Research

NFA – Not A Financial Advice

EVM – Ethereum Virtual Machine

FOMO – Fear Of Missing Out

FUD – Fear Of Uncertainty and Doubts

HODL – Hold On For Dear Life

MC – Market Cap

LP – Liquidity Pool

KYC – Know Your Customer

POS – Proof Of Stake

POW – Proof Of Work

ICO – Initial Coin Offering

IDO – Initial DEX Offering

IEO – Initial Exchange Offering

Whale – A wealthy person in crypto that holds a large amount of Coins

RUG PULL – A scam project or a project that later turns scam

Dev – Developer of a project

AMA – Ask Me Anything

PRESALE – A sale before a token launch

AIRDROP – A reward for completing tasks

DCA – Dollar Cost Averaging. A strategy for investing in crypto by buying a fixed amount of capital at regular intervals, mostly during dips, to accumulate more of the coin at a cheaper price for future profits (short-term or long-term).

Make sure to keep these terms in mind while navigating the crypto world! 🚀💰

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