Hey everyone,
Have you ever wondered what does a whale, fomo, hodl, moon, bull, bear, fish, pump and dump means in crypto term ?
This is just some fun art with explanation of a few of these crypto terms
But first, what exactly are whales?
Whales are entities—individuals, institutions and exchanges—that hold significant amounts of tokens of a particular cryptocurrency. For instance, when it comes to Bitcoin , a whale is an account that holds 1,000 Bitcoins or more. Some examples of well-known whales include Pantera Capital and Fortress Investment Group. Another popular—yet widely speculated—whale is Satoshi Nakamoto, who is said to have mined over a million Bitcoins .
There are largely two ways in which whales manipulate cryptocurrency:
They can create a “sell/buy wall” effect
Sometimes, a whale puts up a massive order to sell a huge chunk of their crypto tokens. They keep the price lower than other sell orders. That causes volatility , resulting in the general reduction of prices of the cryptocurrency coins. This is followed by a chain reaction where people panic and start selling their tokens at a cheaper price too. Thanks to that, whales are able to buy more coins at a lower price, thus achieving more power.
They can capitalize on the fear of missing out (FOMO)
Contrary to the “sell wall” effect, whales often artificially inflate the prices of the tokens by putting in huge buy orders. They create a desire for the cryptocurrency tokens, thus urging people to raise their bids. In doing so, they also catch the attention of other investors who fear missing out on a great, profitable deal. Investors feel that as the demand for the token has gone up, they should also get a piece of it. This way, whales are able to sell some of their tokens for a decent profit.
In essence, whales create a ripple effect that impacts the other investors of a token. By increasing and decreasing prices, they are able to manipulate the market in their favor. As crypto traders, you must give due attention to the movement of whales. You can do so by engaging in a blockchain analysis to keep track of accounts with a high valuation of crypto tokens, following whale alerts on Twitter and other social media platforms as well as subscribing to analytics platforms that keep a watch on crypto prices on your behalf. Many factors contribute to the volatility of cryptocurrency. Whales are a significant element. To make sure you are trading profitably, make sure you factor whales into your buying and selling decisions.
Fish is a person who owns a small amount of cryptocurrency assets. Another word for describing the same thing is “minnow”.
An investor who has low risk tolerance, and exits a trade at the first sign of risk is called ‘paper hands’. Be it a decrease in price, or simply a gut feeling, they will not hesitate to sell and get out. They are easily shaken by market volatility .
The term ‘HODL’ refers to holding a cryptocurrency, even after its value crashes. The jargon slipped into the crypto investors vocabulary, after a user at a Bitcoin talk forum in 2013, made a typo in the word hold, writing the word HODL in panic.
‘Bagholder’ refers to someone who continues to hold large amounts of a specific coin regardless of its performance. For ‘Bagholders’, the price of the crypto coin does not matter. These investors are either unaware of their trade’s drop in value, or wait to sell at a higher price. However, they end up being the last holders of a failing investment, and therefore become ‘Bag holders’.To put it simply, if an investor stubbornly wants to hold their position coins even though he/she can sense the tumble but decide to not sell their positions, then he/she would be called a ‘Bagholder’.
Shilling means promoting any crypto coin through implicit advertising. Shilling attempts to spread buzz about a coin by personally endorsing the product in public forums— with the pretence of unpaid promotion, when in fact he/she is being paid for his services.
Usually a shill (someone who performs shilling), draws attention towards the coin, as a result of which its demand increases and the value is spiked.
FUD is an acronym that expands to “Fear, Uncertainty, and Doubt”. This is a trick to spread negativity about a crypto coin and its future, in order to spread doubt, fear, and uncertainty in the minds of crypto investors, which could cause a certain coin, or the entire cryptocurrency space to drop in price.
People who spread FUD are called ‘fudders’. Experts advise to watch out for unwarranted fud, as this can cause selloffs and decrease a coin’s value, affecting the investors.
“To the moon” means that the price of a cryptocurrency has reached its peak value and is rising off the charts. Similarly, a coin can also be described as ‘mooning’ – when it has done over 100 percent increase within a short period. The phrase became popular after the 2017 peak, when Bitcoin gained traction and its value topped to $20,000.
Initially, the phrase was used to refer to Bitcoin’s ability to increase in value, however, the phrase is now used for any cryptocurrency with the ability to rise in price.
We are in a strong support zone at this moment
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Have you ever wondered what does a whale, fomo, hodl, moon, bull, bear, fish, pump and dump means in crypto term ?
This is just some fun art with explanation of a few of these crypto terms
But first, what exactly are whales?
Whales are entities—individuals, institutions and exchanges—that hold significant amounts of tokens of a particular cryptocurrency. For instance, when it comes to Bitcoin , a whale is an account that holds 1,000 Bitcoins or more. Some examples of well-known whales include Pantera Capital and Fortress Investment Group. Another popular—yet widely speculated—whale is Satoshi Nakamoto, who is said to have mined over a million Bitcoins .
There are largely two ways in which whales manipulate cryptocurrency:
They can create a “sell/buy wall” effect
Sometimes, a whale puts up a massive order to sell a huge chunk of their crypto tokens. They keep the price lower than other sell orders. That causes volatility , resulting in the general reduction of prices of the cryptocurrency coins. This is followed by a chain reaction where people panic and start selling their tokens at a cheaper price too. Thanks to that, whales are able to buy more coins at a lower price, thus achieving more power.
They can capitalize on the fear of missing out (FOMO)
Contrary to the “sell wall” effect, whales often artificially inflate the prices of the tokens by putting in huge buy orders. They create a desire for the cryptocurrency tokens, thus urging people to raise their bids. In doing so, they also catch the attention of other investors who fear missing out on a great, profitable deal. Investors feel that as the demand for the token has gone up, they should also get a piece of it. This way, whales are able to sell some of their tokens for a decent profit.
In essence, whales create a ripple effect that impacts the other investors of a token. By increasing and decreasing prices, they are able to manipulate the market in their favor. As crypto traders, you must give due attention to the movement of whales. You can do so by engaging in a blockchain analysis to keep track of accounts with a high valuation of crypto tokens, following whale alerts on Twitter and other social media platforms as well as subscribing to analytics platforms that keep a watch on crypto prices on your behalf. Many factors contribute to the volatility of cryptocurrency. Whales are a significant element. To make sure you are trading profitably, make sure you factor whales into your buying and selling decisions.
Fish is a person who owns a small amount of cryptocurrency assets. Another word for describing the same thing is “minnow”.
An investor who has low risk tolerance, and exits a trade at the first sign of risk is called ‘paper hands’. Be it a decrease in price, or simply a gut feeling, they will not hesitate to sell and get out. They are easily shaken by market volatility .
The term ‘HODL’ refers to holding a cryptocurrency, even after its value crashes. The jargon slipped into the crypto investors vocabulary, after a user at a Bitcoin talk forum in 2013, made a typo in the word hold, writing the word HODL in panic.
‘Bagholder’ refers to someone who continues to hold large amounts of a specific coin regardless of its performance. For ‘Bagholders’, the price of the crypto coin does not matter. These investors are either unaware of their trade’s drop in value, or wait to sell at a higher price. However, they end up being the last holders of a failing investment, and therefore become ‘Bag holders’.To put it simply, if an investor stubbornly wants to hold their position coins even though he/she can sense the tumble but decide to not sell their positions, then he/she would be called a ‘Bagholder’.
Shilling means promoting any crypto coin through implicit advertising. Shilling attempts to spread buzz about a coin by personally endorsing the product in public forums— with the pretence of unpaid promotion, when in fact he/she is being paid for his services.
Usually a shill (someone who performs shilling), draws attention towards the coin, as a result of which its demand increases and the value is spiked.
FUD is an acronym that expands to “Fear, Uncertainty, and Doubt”. This is a trick to spread negativity about a crypto coin and its future, in order to spread doubt, fear, and uncertainty in the minds of crypto investors, which could cause a certain coin, or the entire cryptocurrency space to drop in price.
People who spread FUD are called ‘fudders’. Experts advise to watch out for unwarranted fud, as this can cause selloffs and decrease a coin’s value, affecting the investors.
“To the moon” means that the price of a cryptocurrency has reached its peak value and is rising off the charts. Similarly, a coin can also be described as ‘mooning’ – when it has done over 100 percent increase within a short period. The phrase became popular after the 2017 peak, when Bitcoin gained traction and its value topped to $20,000.
Initially, the phrase was used to refer to Bitcoin’s ability to increase in value, however, the phrase is now used for any cryptocurrency with the ability to rise in price.
We are in a strong support zone at this moment
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
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IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
