FOMO, HODL, ATH… ever saw these abbreviations and wondered what do they mean? In the crypto (cryptocurrency) world a lot of slang and terms are used. This glossary of terms and abbreviations used in the world of blockchain will help you to understand the crypto better.
Let’s take a look.
- FUD Fear of Uncertainty & Doubt: The tactics used by market competitors to mislead an information to decrease an asset’s price.
- FOMO Fear of Missing Out: The fear or discomfort of something is going on and my friends are involved and I’m missing it.
- HODL. Hold On for Dear Life: To avoid selling or buying your crypto currency, often for fear of losing out future profits.
- BUIDL Secure Asset Fund for Users: The process used for the protection of funds for use in extreme cases.
- ROI Return/Rate On Investment: The measurement and analysis of return on the invested amount.
- SAFU Secure Asset Fund for Users: The amount reserved to be used to pay back to investors in case of any loss.
- ATH All-time high: It relates to the price an asset has ever achieved.
- ATL All Time Low: The lowest price an asset has gone through.
- DYOR Do Your own research: Doing your own research and analysis before investing.
- DD Due Diligence: The process of complete analysis of financials of a potential financial situation.
- AML Anti-money laundering: The laws and regulations for the prevention of money laundering of illegally obtained money.
- KYC Know Your Customer: Identifying and verifying customer identity before entering into cryptocurrency wallet.
Cryptocurrency trading terms can seem a bit confusing at first. But now you know a good chunk of them, so you can feel more SAFU with all these abbreviations. Make sure to DYOR on FUD, not blindly FOMO into a coin that has reached ATH, and keep HODLing and BUIDLing!