The Most Important Crypto Terms For Beginners

Indonesia is a country with high adoption rates crypto world's fastest. There are several crypto terms that you need to know, so you don't get me wrong. 

Crypto investment is increasing worldwide, including in Indonesia. Both young and old are interested in trying trading with this digital currency. However, starting an investment may not be the first time.

For beginners, it is important to know the various crypto terms that are often used by crypto “old players”. Understanding crypto terms, of course, will come in handy when you trade.

Essential Crypto Glossary For Beginners

To make it easier for you to understand crypto terms, VCGamers has created several terms that are often used. Here are the reviews.

FOMO 

When you know the terms in crypto, especially those related to FOMO, the word will sound familiar.

Because FOMO itself means fear of missing out. This problem is often heard and requires beginners to follow the advice of crypto "old players" so as not to miss opportunities when trading.

FOMO is more precisely following trends when a coin or crypto is hype. Let's say LUNA was hype at its time. Because beginners are often FOMO, the result is getting caught alone in a loss.

FUD 

Unlike FOMO, the term FUD actually refers to activities carried out by investors themselves. In other words, FUD means that it is a strategy adopted by investors to lower the price of a cryptocurrency, so that they can also buy it at a lower price.

Just for your information, when you learn about crypto, the word FUD is also a common word, you know. Usually FUD will appear when there are some media that provide bad news about crypto.

HODL 

Generally, HODL is HOLD. However, the more you learn about crypto terms, the more you will realize that HODL itself means start to translate to hold and don't sell.

This term refers to trading strategies that investors use to hold or manage their crypto assets.

To The Moon

The next crypto term that you should know is To The Moon. This dictionary is often seen when new services emerge from crypto assets or when the market fluctuates.

The word To The Moon itself is a situation where cryptocurrency is at its highest value. But in the beginning, the use of the word To The Moon itself refers to strength Bitcoins (BTC), cryptocurrency to increase its value. 

REKT 

REKT is a crypto word that comes from the word broken. REKT's own definition is a situation where a crypto investment portfolio has been completely destroyed. How could this situation be created?

This can happen because investors are trapped by market excitement. For example, as an investor, you buy a crypto asset that is on the rise. But soon, crypto assets immediately fell as the market fluctuated due to new rules from regulators regarding the use of crypto. 

Also read: How to Learn Crypto To Start Trading, Read This!

Rug Pull

Rug pull is a crypto term that refers to the fraudulent behavior that occurs in a decentralized finance (DeFi) ecosystem. Here, bad crypto developers or developers will try to create fake projects that promise investors a lot of things. 

With an integrated lying environment, the concept of the game creates or enables the game to win and many other lies can be offered.

Also read: Understand Crypto Analysis Technical Indicators To Start Trading

So, those are some terms you need to know in the crypto world. Do not let you misunderstood in understanding it.