๐Ÿ“›๐Ÿ“›๐Ÿ“› IMPORTANT IMPORTANT IMPORTANT ๐Ÿ“›๐Ÿ“›๐Ÿ“›

(Terms Use in Crypto Space)

Abbreviation's In Crypto Space

Someone asked about this.

TP = TAKE PROFIT

FOMO = FEAR OF MISSING OUT

FUD = FEAR, UNCERTAINITY, DOUBT

HODL = HOLD ON FOR YOUR DEAR LIFE

WHALE = A BIG TRADER WHO CAN MOVE MARKET

PUMP = TO BUY COIN IN A MASSIVE RANGE TO PUMP THE PRICE

DUMP = TO SELL COIN IN A MASSIVE RANGE TO DUMP THE PRICE

SHILL = SOMEONE PROMOTING COIN FOR THEIR OWN BENEFITS

FIAT = GOVERNMENT BACKED CURRENCY (LIKE PKR, USD , INR, GBP)

GAS = THE PRICE YOU PAY TO MAKE A TRNSACTIONS ON BLOCKCHAIN

AIRDROP = TOKEN DISTRIBUTION BY DEVELOPER FOR EXCHANGE OF TASK OR FOR FREE

BEAR/BEARISH = WHEN MARKET IS DOWN IT MEANS BEARISH

BULL/BULLISH = WHEN MARKET IS UPWARD IT MEANS BULLISH

DEFI = DECENTRALIZED FINANCE

DAPP = DECENTRALIZED APPS

DEC = DECENTRALIZED EXCHANGE

CEX = CENTRALIZED EXCHANGE

DCA = DOLLAR-COST AVERAGE (when you buy coin and price drops you buy in parts to make your average price low)

SHITCOIN = THE COIN WHICH HAVE NO USE-CASE IN REAL WORLD OR HAVE NO PURPOSE

WEAK HANDS = REFER TO THE PEOPLE WHICH PANIC SELL WHEN PRICE IS VERY MUCH VOLATILE OR ANY NEWS COMES

ATH = ALL-TIME HIGH

BTD = BUY THE DIP

DIP = WHEN PRICE IS BEARISH PATTERN

DYOR = DO-YOUR-OWN-RESEARCH

EVM= ETHEREUM VIRTUAL MACHINE

ICO= INITIAL COIN OFFERING ( WHEN NEW COIN LAUNCHES COMPANY DO THE ICO)

TO THE MOON = MEANS THE PRICE HAS RISEN DRASTICALLY

DAO= DECENTRALIZED AUTONOMOUS ORGANIZATION

DPoS= DELEGATED PROOF OF STAKE

FA= FUNDAMENTAL ANALYSIS ( NEWS, EVENTS AIRDROPS ANYTHING RELATED TO COIN)

TA= TECHNICAL ANALYSIS

LN= LIGHTNING NETWORK

MACD= MOVING AVERAGE CONVERGANCE DIVERGANCE

MOE= MEDIUM OF EXCHANGE

P2P= PEER-TO-PEER

POS= PROOF OF STAKE

POW= PROOF OF WORK

POA= PROOF OF AUTHORITY

POB= PROOF OF BURN

POD= PROOF OF DEVELOPER

SC= SMART CONTRACT

MA= MOVING AVERAGE

RSI= RELATIVE STRENGTH INDEX

OB= ORDER BLOCK

CHOCH= CHANGE OF CHARACHTER(trend shift)

BOS= BREAK OF STRUCTURE(trend continuation)

POI= POINT OF INTEREST

SFP= SWING FAILURE PATTERN