🚨🚨 Very essential terms that you should know if you are a beginner in the field of #digital_currencies
💹 DEFI = Decentralized Finance (Decentralized Finance)
💱 LSD = Liquid Staking Derivatives (symbols representing the currencies for which staking is done)
🏦 Staking = (lock your coins on a specific network and earn rewards)
⬆️ ATH = All time High (the highest peak the currency has achieved)
⬇️ ATL = All time Low (the lowest low achieved by the currency)
🔗 TX = Transaction
🐂 Bull Market = (bullish market)
🐻 Bear Market = (bear market)
😥 FOMO = Fear of missing out (Fear of missing out)
✍️ DYOR = Do your own research (Do your own research)
🐳 WHALE = (whale)
😞 REKT = Wrecked (meaning you were scammed or lost a big deal)
💪 HODL = Hold (Hold on to your currency)
🚨 FUD = (Fear and doubt about a project or currency and spreading bad news about it)
💎 Diamond Hands = (Diamond Hands do not sell the currency until after a long period)
🧻Paper Hands = (Paper hands only hold the currency for a very short period of time)