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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
Riding the Red Slide!NYSE:STNG Bought puts at the very top on May 4th right when markets opened. Sold them today with some nice gains. Rode the puts for 7.5% (The stock dipped 7.5% - about $1.60) I was tipped off about this stock by stocksoptionschanel.com - they publish daily articles about unusual options activity. >Homepage --> "Articles" --> Notable Options Activity Articles I sort through their articles and find different options that stick out to me. From there I hop on Tradingview and run charts on each stock that interested me - I make a note of it, wake up the following morning, right when markets open, and place my orders. So far its been working great for me. Let me know if this helps you, I would love some feedback/dialogue Godspeed
NYSE:STNGShort
by EconomicalJacket
This land is mine - says BTCAs you may have seen in several of the last posts, I have been focused on the connections between cross pairs and instruments. My main trading is mostly FX, but with a lot of interest in the crypto space I have been adding some content on this and running commentary on the BTC drops recently. It's amazing to see professional money enter the market, but what most people don't understand is, that it's not "pro money in = price up" there's a lot more to it. So firstly; go and check out the last couple of crypto posts. The second point is - there's something interesting here. Now think, if we can see it - who is going to be attracted to this point? Then of course we have the 50k "round number" all retail games of the mind. I have been asked several times recently, about the correlation of other coins. Quite frankly, BTC is only now becoming institutionalized. ETH will come but it's not there 100% yet (neither is bitcoin YET ) - But look at what happens with a chart overlay on ETH over BTC. Then on the strength indicator - we can see a slight blip on ETH but not XRP or BTC. You need to keep in mind that there is a lot of hype in the market so a blip here and there is to be expected. The daily Quadratics show we are still in negative territory on a daily and the rise in the ATR would also suggest a gain in momentum. COT data tonight will paint another clearer picture of next week's bias. Then we can look out to the weekly; we are positive in terms of bias (look back at the Elliott post) showing this as a weekly pullback and not an overall down move. Why XRP - what about XRP? Well XRP has now over 300 institutional clients and an actual real use case. Although BTC is a store of value, the fees make it hard for any real adoption. Whilst Ripple allows more complex transactions (think wealth manager tasks) in fractions of seconds. This is a strong case for XRP as long as they clear the next SEC/Congress situation. Until then BTC will stay dominant. We will be covering some of this on Monday in a stream on TradinvView with my good friend @Paul_Varcoe who will be hosting the stream. Hopefully, a time will be released later today. Overall bias "LONG" crypto but short term - clear as day we are in a messy (3) - (4) move down on BTC which currently drives everything else. Have a great weekend all! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
BITSTAMP:XRPUSD
by Mayfair_Ventures
127
Earth Day 2021Earth has gone through many transformations during the 4.543 billion years or so it's been around and will continue to do long after we're gone. One thing is certain — if we plan to inhabit this beautiful place for as long as possible we need to take better care of it. There are many ways we can all do our part to help improve the prospects for Earth's future, as well as for ourselves and thousands of other species. Investing in "green" companies just might be a great way to do it. Below are a few stocks possibly worth a look and you might even be helping the planet in the process. *note* it could be debatable what constitutes an entity as "environmentally friendly" and that includes the companies listed below; take it with a grain of salt and always do your research. UNITED NATURAL FOODS • 189% 1YR United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products WHERE FOOD COMES FROM NASDAQ:WFCF • 114.29% 1YR Where Food Comes From, Inc. engages in the provision of food production audits. It uses rigorous verification processes to ensure that claims made by food producers and processors are accurate. It operates through the following segments: Verification and Certification, Software Sales and Related Consulting, and Other. SHARP COMPLIANCE CORP NASDAQ:SMED • 100.78% 1YR Sharps Compliance Corp. engages in the provision of healthcare waste management services including medical, pharmaceutical, and hazardous. It focuses on developing management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators. GFL ENVIRONMENTAL INC NYSE:GFL • 117.09% 1YR GFL Environmental, Inc. engages in the provision of ecological solutions. It operates through the following segments: Solid Waste, Infrastructure and Soil Remediation, Liquid Waste, and Corporate. GENERAL ELECTRIC CO NYSE:GE • 101.54% General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. TRANE TECHNOLOGIES PLC NYSE:TT • 108% 1YR Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy, and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. Know of any great "green" companies with promise? List them in the comments! About this chart: I used a decade old magic mouse to manually draw the Earth artwork shown on this chart. It took somewhere around 3-4 hours total drawing time and hundreds of individual lines which make up the design. If you guys and gals like my work and want more please feel free to give a thumbs up or if you're feeling super generous you can donate at any of the addresses listed below. Thank you for stopping by and until next time be safe :) BTC : 3QLbp6TduZwHEL7UBFXY8gvgC2V1h1pb6a ETH : 0x4e562172A5411452528DE43f882b2e3aE4655820 ALGO : Z2AOOJOFRX233JL7PMOOWQYWHFX5JFSG5XZ24DRXTRSXC5B26JXPLT6DMA
NYSE:UNFI
by ParityError
Riding that btc rainbowIt is a tricky place here for a pivot point trader with camarilla as far as the next large move goes. The general correction I could see having another low test at perhaps upper 40s or low 50s again. I could also see us breaking lower to 44k or even higher out of these range again. One thing Iwould like to point out along with this lovely chart. Is that the developing daily, weekly, monthly pivots are all forming around this price level together. Generally when this happens they wil all became at least a difficult or important resistance or/and support for the future. What are your thoughts on btc next move? please share /short term notice though. We have untested daily pivot and weekly developing pivot around 54k. and the 12hour local downtrend is still putting up walls around price action. I would expect those levels about 1k lowerr to at least get hit
COINBASE:BTCUSD
by Gunslinger2005
6