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
The crypto community during tough times.
NGMI: The opposite of WAGMI, meaning "We are not gonna make it".
Said sarcastically to people who trade without research.
Airdrop Hunter: A person looking for distributions
Free (Airdrop) from crypto projects, and often
using more than one account.
Exit Scam: When a crypto project takes people's money
and disappears without fulfilling any promises.
Pump & Dump: A sudden movement in the currency (sharp rise
or strong decline) often behind manipulation.
Flippening: A term used when a cryptocurrency
Trying to surpass Bitcoin in market value...
And it hasn't happened yet.
Follow and understand these terms to trade confidently and reduce your risks!
