I’ve been posting about some crypto terms and they won’t be ending just yet - since we need to equip ourselves better when it comes to crypto and the terms that comes with it.
Knowing these terms can make a huge diffe when investing and going in crypto.
So here they are:
Take from binance academy
- Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage.
- Fear Of Missing Out (FOMO): The emotion you feel when you panic buy.
- HODL: Buy and hold on to it for a long time!
- BUIDL: Keep your head down and build the next financial system.
- SAFU: Funds are safe!
- Return on Investment (ROI): How much money you are making (or losing).
- All-Time High (ATH): The highest price ever recorded!
- All-Time Low (ATL): The lowest price ever recorded.
- Do Your Own Research (DYOR): Don't trust, verify.
- Due Diligence (DD): Smart people make decisions based on facts.
- Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money.
- Know Your Customer (KYC): Regulations that make exchanges verify your identity.
Remember that there is a hige difference between knowing and not knowing something. This could determine how your investment journey would go so better be equipped with some basic and advanced knowledge.
I try to read about crypto everyday - since crypto changes everyday. I need to also keep up
