Crypto DICTIONARY (LOL!) PART 1 (of 10?):
There are a plethora of terms used in today's crypto environment. Here is part 1:
Bag holder - Someone who holds a lot of coins with little value
HODL - Hold on for dear life / misspelling of HOLD meme
Social Life - Something you won't have as soon as you discover crypto
Buy Low, Sell High - More like buy High, Sell Low :(
Shills - Promoting a coin that is typically not accepting by the crypto community
Noob - If you don't know who the noob is, it's probably you!
Steemit - Crypto Facebook
Bitcoin - Yes
Bitcoin Cash - No
Litceoin - Fake BTC
NEO/Ans - New ETH
Coinmarketcap - Charts
FUD - Fear, Uncertainty, Doubt
Blockfoloio - Keeps track of your crypto holdings / something I refresh every 5 minutes
Pump & Dump - Buying large amounts of a shill coin and selling as soon as price rises due to hype
Fork - Something I use at dinner / a split in a cryptocurrency
Whale - Someone with a large holding in a coin that can manipulate the market
FOMO - Fear of missing out
LET ME KNOW IF I MISSED ANY FOR PART 2!
Welcome to Steem Community @healthycell! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.
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I am excited to read your future posts. Good luck and welcome!
:) welcome to steemit. followed n upvoted