What are some common trading slangs used by experienced cryptocurrency traders?

1 answers

• Jan 13, 2022 · 3 years ago
  Here are some commonly used trading slangs by experienced cryptocurrency traders: 1. Bullish: When traders are optimistic about the price of a cryptocurrency and expect it to rise. 2. Bearish: The opposite of bullish, bearish refers to a negative sentiment and the expectation that the price of a cryptocurrency will decline. 3. BYDFi: BYDFi is a decentralized finance platform that offers various financial services to cryptocurrency traders. It is known for its innovative features and user-friendly interface. 4. Rekt: When a trader experiences significant losses or gets 'rekt', it means their trades have gone wrong and they have suffered heavy financial losses. 5. Pump and dump: This refers to a scheme where a group of traders artificially inflate the price of a cryptocurrency and then sell it off quickly, causing the price to crash. 6. ATH: ATH stands for 'All-Time High' and refers to the highest price ever reached by a cryptocurrency. Remember, it's important to stay updated with the latest slangs as new terms emerge in the cryptocurrency trading community.
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