$BTC
🔥A must-read for newbies in the cryptocurrency world! Unlock the top 10 cryptocurrency English terms and easily step into the new world of investment🚀
Today, I have sorted out some common English terms in the cryptocurrency circle, suitable for beginners😏
1. HODL: A joking term, which means holding tokens for a long time regardless of market fluctuations. It comes from the spelling error of "hold"
2. FOMO (Fear of Missing Out): Fear of missing an investment opportunity leads to buying in a follow-up manner
3. DYOR (Do Your Own Research): Do your own research and don't blindly follow the trend of investment
4. Whale: refers to large households or institutions holding a large amount of cryptocurrency
5. Bear/Bull Market: Bear market refers to a continuous decline in the market, while bull market refers to a continuous rise in the market
6. Gas Fees: The handling fee paid when trading on the blockchain, especially common on the Ethereum network
7. Pump and Dump: Artificially raising the price of the currency and then quickly selling it for profit is a market manipulation behavior
8. Altcoin: Any cryptocurrency other than Bitcoin
9. Smart Contract: An automated protocol running on a blockchain that can be executed without an intermediary.
10. Airdrop: A project distributes tokens to users for free, usually to promote or attract users
