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Crypto Slang You Need to Know"met a whale yesterday, he told me to HODL, never fall for FOMO and just keep my diamond hands." Do you understand this sentence? Learning about crypto requires a certain level of adaptation of one’s lingo. Many commonplace words like whale and moon, have different meanings in the crypto context. It’s important to know the meaning behind these terms, especially if you want to further engage with people within the community. FOMO FOMO is an acronym that stands for Fear Of Missing Out. The term itself did not originate from the crypto space but is widely used in the community. One can feel FOMO when there’s a crypto that rallies and they didn’t manage to buy in before the surge, as a result they buy when the price is already high. A typical FOMO move HODL Originated from early bitcoin forums, when someone spelt HOLD as HODL. HODL refers to “Hold On for Dear Life”. This is the act of holding your position on the crypto regardless of the surrounding market environment. You might see crypto enthusiasts encouraging each other to HODL especially during times of market volatility, to avoid selling out of panic and fear. Shill To shill is to promote a crypto for the purpose of driving it to higher prices. While the word precedes the cryptocurrency context, it has become a commonplace in the crypto world and is frequently used even in news articles. A great example of shilling is every single time the Dogefather Elon Musk tweets about DOGE After the billionaire entrepreneur made these rounds of tweets, Dogecoin’s value surged by more than 40%, effectively shilling DOGE. Moon A token is considered to be “mooning” when its price experiences a drastic spike. When used in a phrase like “to the moon” it means that the coin is expected to skyrocket, as if to head to the moon. Whale Whale refers to someone who owns a large amount of cryptocurrency. Alluding to the size and power of a whale, a crypto whale owns hundreds of thousands in crypto value and has the power to influence the price such that selling might result in a price dip. Another variation of this slang is the word “shrimp” which refers to a crypto holder that owns a small amount. In BTC terms, a shrimp would own less than 1 BTC — not such a small amount after all seeing as how BTC is valued at $54K. Pump and Dump Pump and dump refers to a coordinated price manipulation strategy. What usually happens is that a group of people collectively buy a chosen coin to boost its price (pump) and quickly sell the coin to collect their profits. The ensuing sell off will typically result in a price crash (dump) and the cycle occurs in a very short period of time. Be wary of Pump and Dump schemes and groups!!! Diamond Hands 💎 Diamond Hands refer to the strength of a person to hold on to a cryptocurrency, regardless of the risks and usually has a larger end goal (of profit) in mind. A person requires diamond hands in order to HODL. The opposite of this is a person with paper hands, or people who sell their crypto the moment they incur a few losses or at the mere sight of trouble. FUD FUD is an acronym for Fear, Uncertainty and Doubt. FUD is used as a tactic to drive weaker investors into selling their coins, ultimately to lower price. This allows other investors, who are less uncertain, to enter the market again. Someone who spreads FUD is known as a FUDster. When Lambo? Lambo or Lamborghini is a status symbol of luxury. The question is not meant to be taken literally. “When Lambo?” is a short form of “When can we get rich from this crypto holding and live a luxurious life?”. The question always comes up whenever a new coin or token pops up in the market. How many words in this list do you already know? Disclaimer: This is just for fun, none of this constitutes as financial advise.
Editors' picks
by DoomRanger
80
ETH - Ascending triangle / ''Sleeping Giant''Hello, great to see You here! If You would like to see more of the trades, press that "Follow" button! Also, don't forget to leave a comment down below, what do You think? -------------------------------------------------------------------------------------- Today we are here to talk about ETH (Ethereum). You clearly see when looking at my ''Idea'' of ETH, that there is an Ascending triangle, this could bring a big uptrend and big profits to all us investors. BTC has already broken the all-time high and is heading up, of course with some correction, but we are here to talk about ETH. ETH hasn't yet reached the all-time high, the project is big, and also on ETH depends a lot of other currencies, it has been one of TOP crypto for years. In my opinion - it is only a matter of time when we reach an all-time high and break it. I have made this chart for You, to see that we could get a 17% profit with such a low risk. In my case, I will still keep ETH even if it goes past this 17% profit level, this year could be absolutely fantastic for ETH, also nothing is guaranteed. For this trade, the risk/reward ratio is approximately 5:1. So You always have a decision to make, either way, 17% profit is great. I wish You an awesome New Year, lot's of love, and of course, stay healthy! Entry price: @1105 Take profit: @1299 Stop Loss: @1068 Remember to use money, You can afford to lose! I am not a "Financial advisor", so before doing something, do Your own research! ------------------------------------------------------------------------------------- For more free content, please press the "Follow" button and "Like" this post. Thank you and have an awesome day. See You soon, Richard Davis.
BINANCE:ETHUSDLong
by RichardDavisFX
BTC chart drawing another BOWL patternHey hey hey. Here is my new idea. I think BTC chart is drawing another BOWL pattern as you can see. BTC price is $7400 these days. But the volume not enough for directly rising. So i'm expecting a lil' retracement to $7000 level. It's could be buying opportunity for short term trade. And then BTC price will finish drawing bowl pattern at $8000-8800. I think there is selling zone. If you are ask "what will happen when the bowl completed?", i think we will see a deeper dip for the real uptrend. We need it.
by arlanmaz
INFO- Support breakdown short from $43.27 to $35.57; $50 Jan PutINFO broken down from a rising wedge & was consolidating. Now seems breaking down the consolidation & long term support label. If it breaks down, we think it may decline to as low as $35 area. To trade this down move, we would consider $50 January-2018 Puts, which last traded for $6 * Trade Criteria * Date First Found- October 25, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $43.27 Exit Target Criteria- 1st Target $38.23, 2nd Target $35.57 Stop Loss Criteria- N/A Special Note- Good insider selling, debt to equity 0.50. January $50 Puts are $6.00 last price. Please check back for Trade updates. (Note: Trade update is little delayed here.)
IShort
by AcornWealthCorp
Trading Setup Info_Starting In 02 June 2016Hello fellow traders, After a long time in considering how to create a nice and profitable trading community at tradingview.com I have now decided to do something new and special, in which I will try to update and follow up with our daily trading setup for FX and Gold; I intend to trade 18 instruments included XAUUSD. Each trading instrument will have an own average profit target for a day and I will update them in a list below for referring to. Shortly about my trading strategy: I try to do simple trading system by trading the markets. Trading the markets, for me, means that how the markets are, we will trade like this, so if it ups, we go long, if it downs we short. How to recognize when the markets are up and down, I used to read the chart and analyze the fundamental points of view and put the lines to find out some critical levels to setup my trades. Indicators I will use very few, MA, MACD and RSI, but mainly reading the price actions in their movements( identify the current trading prices levels (zones) and the possible price zones the markets prices will reach.) 18 trading instruments of course I can only update here some of them and put my efforts to follow up when to enter and exist the trades, for I don't like to lose the money, if my trades are in an acceptable profits. List of trading instruments and the average profit target/day as following: 1) XAUDUSD = 5 price levels 2) EURUSD = 30-50 pips 3) GBPUSD= 40-60 pips 4) GBPJPY = 50-80 pips 5) USDJPY= 25-40 pips 6) AUDUSD = 25-40 pips 7) USDCAD= 50-90 pips 8) USDCHF= 30-50 pips 9) EURAUD= 55-80 pips 10) EURJPY= 30-70 pips 11) EURNZD= 45-70 pips 12) NZDUSD= 25-40 pips 13) GBPAUD= 70-120 pips 14) GBPNZD= 80-120 pips 15) CADJPY= 70-110 pips 16) NZDCAD= 50-80 pips 17) NZDJPY= 40-60 pips 18) EURGBP = 25-45 pips What does it mean with the pips above? As said that the pips updated above we will consider as average pips we will get for every trade setup; anyway we will not fix our mind on that numbers adhere to targeting them, but when we are near at the min t/p target, then we have to think about to secure our profits, like to move your open position to your entry point, trailing them or do what ever you feel best and most suitbale for you. If I have enough time, I will follow up with my trading setup to advise when to exist. About s/l it depends on the markets conditions at each time, therefore there are no "fix" number here to update. So: if you are interested in our trading Guild, then follow me to get the trading setup and the explanation thereof. I really appreciated comments and questions about and try to answer you all. Trade well and safe! P.S.: the coming updating trading setup will be differ wth the previous updated ones with the symbol: # in prefix of tag Makkaba team
FX_IDC:XAUUSD
by DrFaust_Official
2