With Bitcoin surpassing it's ATH, might it be that the long awaited pre-bull run is here?
To mark this new achievement , here are some popular CRYPTO SLANGS that would be helpful to people who are new to Crypto:
-Buy the dip (BTD)
Buying the dip or BTD means purchasing an asset after its price has dropped.
Buying the dip represents buying Bitcoin or other cryptocurrency at lower prices, hoping that it will rise again in the future.
-Diamond hands/paper hands
Diamond hands refer to holding Bitcoin even when there’s a ton of pressure to sell.
Paper hands refer to investors that sell off their investments too early—mostly because they’re afraid of the risk and are susceptible to panic.
For e.g a lot of people with paper hands sold of their $PEPE during it's bearish stage and and now those with diamond hands who didn't sell are gaining from the just very recent pump.
-WAGMI/NGMI
WAGMI is short for we’re all gonna make it. It is often used in the crypto community to build confidence and encourage everyone not to lose hope.
NGMI on the other hand is the opposite of WAGMI meaning Not gonna make it.
-KYC
Short for know your customer/client and it refers to the verification of a user’s identity. Most cryptocurrency exchanges will implement this sort of rule to verify a trader’s identity and to comply with regulations and keep their marketplaces safe.
-Bullish/bearish
Bullish represent a pattern in the market in which there's an upward trends in price while a bearish market will present downward trends.
-Cryptosis: refers to that never-ending thirst for cryptocurrency knowledge. It involves scouring forums and forcing cryptocurrency discussions among your friends.
-No-coiner: refers someone who believes $BTC is either doomed to fail or will have minimal value in the future and because of this belief, they don’t hold any coins themselves.
-FOMO Short for 'fear of missing out', in crypto, FOMO refers to a trader's fear that they may be missing out on a potentially lucrative project .
I hope this helps!
