SUNDAY LESSONS:

Seven (7) popular crypto terms that many people don't know the meaning of, along with their definitions:

1. FUD: FUD stands for "Fear, Uncertainty, and Doubt." It is a common tactic used by cryptocurrency critics to spread negative information and sow fear among investors. FUD can take many forms, such as news articles, social media posts, or even rumors.

2. DYOR: DYOR stands for "Do Your Own Research." It is an important mantra in the cryptocurrency space, as there is a lot of misinformation and hype circulating. Before investing in any cryptocurrency, it is essential to do your own research and understand the risks involved.

3. HODL: HODL is a misspelling of the word "hold." It is a slang term used to describe the strategy of holding onto cryptocurrency for the long term, even in the face of volatility. HODLers believe that the long-term potential of cryptocurrency outweighs the short-term risks.

4. Shill: Shilling is the act of promoting a cryptocurrency for personal gain. Shillers often use social media or other platforms to spread positive information about a particular cryptocurrency, regardless of its actual merits.

5. Whales: Whales are large cryptocurrency holders who can have a significant impact on the market. Whales are often early investors or institutional investors.

6. Bagholder: A bagholder is someone who is holding onto a cryptocurrency that has lost value. Bagholders often hold on to their cryptocurrency in the hope that the price will eventually recover.

7. Rekt: Rekt is a slang term used to describe the experience of losing a significant amount of money in cryptocurrency trading. Rekt is often used in a humorous way, but it can also be used to express frustration or anger.

It is important to note that these are just a few of the many popular crypto terms that people may not be familiar with. The cryptocurrency space is constantly evolving, so there are always new terms being coined. If you are new to cryptocurrency, it is a good idea to familiarize yourself with the most common terms so that you can better understand the news and discussions that are happening.

I hope this helps!

Daniel

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Nice one.

MMempire:
Nice one.

👍 🙂