4 Crypto Terms you need to know as a Beginner✨
Everyone starts as a beginner, and in this world, it’s easy to feel lost with so many key terms. So here are 4 important terms for you!
1. HODL ✋
This means: “Hold On for Dear Life”, It's the strategy of holding onto your crypto instead of selling it, even when prices go up and down.
2. Whale 🐋
This means someone who owns a massive amount of a particular cryptocurrency. They can move the market with just one big trade.
3. Spot Trading
The easiest way to trade, you buy or sell crypto at the current market price. This is the simplest way to start buying and selling.
4. Stop-Loss & Take Profit ❌
These are tools to help you manage your risk and lock in profits. A stop-loss automatically sells your crypto if the price drops to a certain point, preventing bigger losses. A take profit does the opposite—it sells when the price hits your desired profit level.
I hope this helps! If you liked it, give me a like or share it with someone who might need it. Also, if you want to learn more, I’ll be posting more content for beginners.
Have a great day and stay safe!