LauraClasikVibe:
Cryptocurrency Lingo

✍HODL

A spin on the investing lingo ‘hold’ — Hold On for Dear Life. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin.

✍FOMO

Short form for ‘fear of missing out’. The feeling when you see a huge green Love Machine on a chart and you don’t own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.

✍FUD

Short form for ‘fear, uncertainty and doubt’. Usually used in the form of “Bleep spreading FUD again.”
Example: JPMorgan’s Dimonspread FUD by saying Bitcoin is a fraud that will eventually blow up.

✍ATH

Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin.

✍Whale

A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital.

✍Pump and Dump

The recurring cycle of an Altcoin getting a spike in price followed by a huge crash. Such movements are often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price.

✍Shill

The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin.

✍Bag Holder

A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins.

✍Margin Trading

A term for ‘trading with leverage’. In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and sell it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern...

✍Long

A position that a trader takes. To take a long position on something is to believe its value will rise in the future.

✍Short

A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future.

✍Limit Order

An order placed at a future price that will execute when the price target is hit.

✍Borrowing Rate

When you open a leveraged position, you will be borrowing coins at a pre-determined rate. This rate will be added to reflect your position’s overall profit and loss.

✍Lending Rate

Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades. The lending rate fluctuates throughout the day based on the demand for shorting the coin.

✍Fill or Kill

A limit order that will not execute unless an opposite order exceeds this limit order’s amount.

✍BUY | SELL Wall

A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.

✍Altcoin

“Alternate coin” so it is everything other than Bitcoin (BTC). Bitcoin is the main index for cryptocurrency market. If BTC goes up, other coins go up. If BTC goes down, other coins go down.

✍Circulating Supply

The price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap.

✍Market Cap.

A stock’s market cap refers to the market value of the company’s outstanding shares.
In the cryptocurrency market, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market.

✍DDOS

Short form for ‘Distributed Denial of Service’.
A well-timed DDoS attack at exchanges during volatile movements may be devastating as traders will not be able to execute any order manually and will be at the mercy of their pre-set, or the lack of, limit orders.

✍ICO

Short form for “Initial Coin Offerring

https://www.nairaland.com/6441823/boom-part-1-crypto-vocab

Failtech:
Who’s still holding OMI. Good time to buy more as it dipped a bit

MrCodeSolo:
I will be borrowing one of the many @jedison's analysis to explain what they call support & resistance level....
If the price of coin rallies upwards from a last red candle bar to a green candle bar and comes another longer green bar and then continue to swap and trend upwards...on a 4hr or 8hr or a day chart for example.

Looking downwards from d starting of the uptrend movement where it starts with the very first red candle bar and the green candle bar and underline it with a horizontal line below the red is your support and if u mark or underline the top of d first green before the longer green candle bar is your resistance level...

So as a coin rallies upwards, it continues to create further resistance levels after ever breakout from the previous resistance levels...and if the price should fall drastically...it will always use some of its previous resistance levels as its support level....just underlined below every strong red & green candle bar depending on how far it falls; .... various traders are trapped on this price levels on the previous supports or other small reds candles near any resistance levels. some traders are already waiting to offload dia bags on the next price momentum as new more traders are entering the market to trade the price up or beat it further down to a revisit to or retest a former resistance or support level; hence the circle of trendlines oscillating loops continues either uptrend or downtrend.

Mostly the dip prices are normally near areas of previous support levels...and it will stay that way before bouncing. But it continues to fall dipper, then it's a crash.



The most important level is 0.44 which was
once a resistance level more like an all-time high price level. U see, now...most traders are currently trapped below that $0.44 price level just bcuz they bought at a price higher than the level let say $0.66 another breakout level that was supposed to be another resistance level but got rejected at or further pushed down from that position...xem is still hovering at the 0.33-0.36 range support level range.

that means falling down from the steps to take any former levels that where once resistance levels to make it her area of support. i.e a price region or range where she rests as she further consolidate.
press 'LIKE' if u understand or tap 'SHARE' if y'all don't.

Hamzashaf99:

Which exchange? I couldn't find it on bnance

noony926:


With time, I will come to understand all this. I will put more effort in searching info online. And thanks for this, but you could have give us a little illustration with pictures.

Kingdemu:
How do I contact you

Kingdemu:
Pls for a beginner, between the website and the mobile App of Binance, which one is easier to understand and to navigate?. And what coin or token will you recommend I invest in for long term holding of say 1yr? Thanks

murphyrichy:
you can drop ur message here.

Kingdemu:
Pls for a beginner, between the website and the mobile App of Binance, which one is easier to understand and to navigate?. And what coin or token will you recommend I invest in for long term holding of say 1yr? Thanks

Tamel:

Lol have you seen LINK.

phenzy:


The app is better
You can download the app on google playstore. You can use my referral code we both get 20% commission
73605872

EarlyCareer:


You're correct. But Fundamentals still are a good factor too, TA definitely especially for timing entry and exit. It is important.

Did more reading on UOS. They are far behind on their roadmap, infact they have missed deadlines now for 2 years - since 2019. No clarity for now, but they seem to be working more more on their product though, but the red flags are hard to ignore. Not investing.

priceaction:
out of DOGE for IOST.. Doge is slow for my liking...IOST good buy for me. Do your analysis well if you wanna join. 4hr/daily/3day and momentum looking good.

jedisco:
Seems xrp has woken up...After weeks of being a stable coin

jedisco:


Lol... The old guards are annoying...
Eith, ltc, link and until now xrp and xlm...

I believe they'd sure have their time especially eith and link... One thing with link is that it does its stuff when it wants to

damzy88:
xrp will blow boss.

Tamel:

That coin still dey owe me money . I'm holding long term.
Just refuses to move past 30, just like DOT and 39

MrCodeSolo:
u want nairaland bot to ban me again for d 4th time dz month...just google resistance and support level timechart pics...green= rise in price...red = visversa

noony926:


Eh, well they will not ban you again. Do you mind if I DM you.

noony926:
What am I not doing right? Not too long I started this cryptocurrency daily trading hoping to be making at least 2-3k daily with N106,000k. Three days into it, I make some cool N28,000 simple by monitoring coins that rise it green light and I will buy and sell at once, sometimes I do make 2k,3k,4k I was so happy, and I thought it will be so good...
But as I am writing now, I am just left with 15k of my initial capital. I don't know how it happened. I kept buying and intend to sell but i found out that almost immediately i bought a coin on a green light it began to fall down...
I know it's not all rosy at the beginning, but I still believe that I can bounce back with this remaining 15k. Anyone who can assist me should pls tell me how this thing is been done, I will really appreciate it.
Meanwhile, I have been reading a whole lot of info online as a newbie but still nothing changed.
The gurus in the house should pls give me a tip. I am really eager to perfect this trading..Anyone who have been in my shoe before should assist me. Pls guys I am begging. I don't even mind traveling afar to meet someone who will mentor me on this trade. I live in Onitsha...Guys pls I need help. I believe this my N15k can still perform wonders only if I can get the right channel.

Tamel:

Lol have you seen LINK.

noony926:


Eh, well they will not ban you again. Do you mind if I DM you.