For those who are just starting out like me #noobtrader . Or in case you didn't know what #tips #Learning meant. I'll give you 10 essential cryptocurrency trading terminologies:
FUD (Fear, Uncertainty, and Doubt): Spreading fear, uncertainty, and doubt to negatively influence the market.😱
FOMO (Fear of Missing Out): Fear of missing out on an investment opportunity, which can lead to impulsive decisions.😵💫
HODL: Holding a cryptocurrency for the long term, regardless of market fluctuations.🥶
ATH (All-Time High): The highest price a cryptocurrency has ever reached.📈
ATL (All-Time Low): The lowest price a cryptocurrency has ever reached.📉
DYOR (Do Your Own Research): Conducting your own research Research before investing.🤓
ROI (Return on Investment): Return on investment, that is, how much you have earned or lost on an investment.📥📤
KYC (Know Your Customer): Identity verification process required by many exchanges.🔎
AML (Anti Money Laundering): Regulations to prevent money laundering.💸
Whale: An investor who owns a large amount of cryptocurrencies and can influence the market with their movements.🐋