hello,
this terms are very basic but important, and everyone in Cryptocurrencys should know
HODL
“Hodl,” is simply a misspelling of “Hold” which expresses the zeitgeist of crypto investors right now.
The term originated on the Bitcointalk forum in the thread titled “I AM HODLING“, in which a user named “GameKyuubi” who made the spelling mistake when expressing his thoughts ( after drinking whiskey ) about his mindset when it came to Bitcoin trading.
ATH
“ATH” signifies all-time high, as in “all-time price high.” In the context of cryptocurrencies, it refers to the highest price milestone that any given coin or token has ever achieved.
FUD
“FUD” stands for “fear, uncertainty, and doubt,” though some refer to it as “fear, uncertainty, and despair.”
It’s a phrase that describes the heightened sense of panic and anxiety that can spread through the ecosystem like wildfires , sometimes deserved, sometimes definitely not.
FOMO
“FOMO” is the so-called “fear of missing out.”
If panic selling is where prices crash because traders acutely freak out, then FOMO is when prices surge upwards because investors are trying to hop on short-term price rallies.
If you’re new to crypto and learning the space, consider your own position. Did you just get into crypto because a friend told you about the Bitcoin boom and you didn’t want to miss out yourself? That’s FOMO; you didn’t want to get left behind.
BAGHOLDER
Bagholders are often people who purchase a currency at an all time high or during a bull run, they become the bagholder once the price lowers leaving them stuck in a position where if they were to sell they would make a loss. The correct decision most of the time is to keep holding until the price goes back up where you can sell your “bags”.
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To be continued ...