If you are new to the world of cryptocurrencies, you have likely already encountered many unfamiliar terms. Here is a brief glossary to help you feel more confident:
1. Airdrop ✈️ — free distribution of coins to users. Most often a marketing campaign to promote a project.
2. Altcoin 🪙 — any cryptocurrency other than Bitcoin. Examples: Ethereum, Ripple, Cardano.
3. HODL 💎 — a long-term strategy for holding cryptocurrency despite price fluctuations.
4. Whale 🐋 — a large player in the market, holding a significant amount of cryptocurrency.
5. FOMO 😱 — "fear of missing out". Often leads to impulsive purchases at price peaks.
6. FUD 🌫️ — "fear, uncertainty, and doubt". Spread to manipulate the market.
7. Bull Market 🐂 — a market where prices are rising. A time when traders rejoice.
8. Bear Market 🐻 — a market where prices are falling. A tough period for many investors.
9. Gas Fee ⛽ — fee for executing a transaction on the blockchain, especially in Ethereum.
10. DeFi 🌐 — decentralized finance. Applications that operate without intermediaries, such as banks.
Now you are armed with knowledge and ready to explore the world of cryptocurrencies! 🚀
