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In the world of cryptocurrencies, entering the market for the first time can seem confusing due to the sheer amount of technical terms and concepts used. To understand this field and achieve success, it is important for beginner traders to become familiar with the most important terms that form the basis of digital trading. In this article, we will review the most important of these terms with a simplified explanation of each one.

(A special gift for the first article pinned on my channel 💲)

If you’re new to the world of cryptocurrencies, you may have heard terms like “whales,” “bears,” “bulls,” and more. These terms are very common and reflect some of the basic concepts in the market. Here’s a quick explanation of the most prominent ones:

1. Whales:

This term refers to large investors or institutions that own large amounts of cryptocurrencies.

The world of cryptocurrencies is full of strange terms, but understanding them makes it much easier for you. Here are the most important ones:

REKT: When you lose most of your money in one trade.
It's like buying at a high price and selling at a low price!

FUD: An abbreviation for Fear, Uncertainty, and Doubt, meaning
negative news affects the market and makes people sell in fear.

WAGMI: We're all gonna make it! A positive term used by