What are some popular Wall Street sayings that are commonly used in the cryptocurrency industry?

10 answers

• Jan 13, 2022 · 3 years ago
  One popular Wall Street saying that has made its way into the cryptocurrency industry is 'buy the rumor, sell the news.' This means that traders should buy a cryptocurrency when there are rumors or speculation about positive news, and then sell it when the news is officially announced. It's a strategy that takes advantage of market sentiment and can lead to profits if timed correctly.
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• Jan 13, 2022 · 3 years ago
  Another common saying is 'hodl,' which originated from a misspelling of 'hold' in a Bitcoin forum post. It has now become a popular term in the cryptocurrency community, meaning to hold onto your coins instead of selling them, even during market downturns. It reflects the belief that cryptocurrencies will increase in value over the long term.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, often emphasizes the importance of 'doing your own research' (DYOR). This saying encourages investors to thoroughly research and understand the projects they invest in, rather than relying solely on others' opinions. DYOR is crucial in the cryptocurrency industry due to its high volatility and the prevalence of scams.
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• Jan 13, 2022 · 3 years ago
  In the cryptocurrency industry, you might also come across the saying 'when lambo?' This phrase is often used humorously to express the desire for quick and significant gains in cryptocurrency investments. It refers to the idea that if someone becomes wealthy from their cryptocurrency investments, they can afford to buy a Lamborghini car.
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• Jan 13, 2022 · 3 years ago
  One saying that applies to both Wall Street and the cryptocurrency industry is 'don't put all your eggs in one basket.' This means that it's important to diversify your investments and not allocate all your funds to a single asset or cryptocurrency. Diversification helps reduce risk and protects against potential losses.
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• Jan 13, 2022 · 3 years ago
  When it comes to trading cryptocurrencies, you might hear the saying 'buy the dip.' This means that when the price of a cryptocurrency experiences a temporary drop or correction, it can be a good opportunity to buy at a lower price before it potentially increases again. It's a strategy that aims to take advantage of market fluctuations.
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• Jan 13, 2022 · 3 years ago
  Another popular saying in the cryptocurrency industry is 'to the moon.' This phrase is used to express optimism about the future price increase of a particular cryptocurrency. It implies that the price will skyrocket and reach new all-time highs.
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• Jan 13, 2022 · 3 years ago
  One Wall Street saying that has relevance in the cryptocurrency industry is 'bull market' and 'bear market.' A bull market refers to a period of rising prices and positive market sentiment, while a bear market is characterized by falling prices and negative sentiment. These terms are commonly used to describe the overall market conditions in the cryptocurrency industry.
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• Jan 13, 2022 · 3 years ago
  When it comes to investing in cryptocurrencies, you might hear the saying 'not your keys, not your coins.' This emphasizes the importance of holding your cryptocurrencies in a secure wallet where you control the private keys. It warns against keeping your coins on an exchange, as it puts them at risk of being hacked or stolen.
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• Jan 13, 2022 · 3 years ago
  One saying that is often used in both Wall Street and the cryptocurrency industry is 'time in the market beats timing the market.' This means that instead of trying to predict short-term price movements, it's generally more profitable to stay invested in the market for the long term. It highlights the benefits of patience and avoiding emotional decision-making.
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