TIPS YOU NEED TO KNOW IN CRYPTO `

TIPS YOU NEED TO KNOW IN CRYPTO `

Also Read : The Quick Way To Becoming A Millionaire By The Age OF 28 To 30

 These are some short terms we use in crypto 

   

DIP-  Decrease In Price

PUMP - Increase in price

BULL-  Bullish season (Pumps)

BEAR- Bearish season (Dumps)

DEFI- Decentralized Finance

DEX - Decentralized Exchange Pancakeswap, Poocoin, Uniswap, Sushswap, etc

CEX- Centralized Exchange e.g Binance, Bybit, Mexc etc

DW- Decentralized Wallets e.g Metamask, Trust wallet, Bitkeep wallet, Okx wallet etc

P2P- Peer to Peer

NFT- Non Fungible Token

ATH - All Time High

ATL - All Time Low

ALT- Altcoin e.g Ethereum,  Binance, Tron etc

DAPP- Decentralized Application 

DAO - Decentralized Organinzation

DYOR- Do Your Own Research 

NFA - Not A Financial Advice 

EVM- Ethereum Virtual Machine

FOMO - Fear Of Missing Out

FUD - Fear Of Uncertainty and Doubts

HODL - Hold On For Dear Life

MC - Market Cap

LP - Liquidity Pool

KYC- Know Your Customer 

 

POS- Proof Of Stake

POW- Proof Of Work

ICO Initial Cex Offering 

IDO Initial Dex Offering 

IEO Initial Exchange Offering 

Whale A wealthy person in crypto that hold large amount of Coins 

RUG PULL A scam project or a project that later turns scam

Dev Developer of a project 

AMA Ask Me Anything 

PRESALE A sale before a token launch 

AIRDROP A reward for doing task. 

And many more ......