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Author: Admin | 2025-04-28
The mining reward roughly every four years.Ape: To “ape” means to impulsively buy a token, often a new one, without doing your due diligence. Bitcoin Maximalist: Refers to investors who only believe Bitcoin is real cryptocurrency that has any true value and significance.BTD: Short for “Buy the Dip,” BTD is the practice of waiting for crypto assets to fall and then buy, in the hopes that they will pump later. Diamond Hands: A trader with “diamond hands” buys and holds a cryptocurrency for the long run with the hope that the asset will endure market volatility and pump in value eventually.Paper Hands/Weak Hands: In contrast to ‘diamond hands’, someone with ‘’weak hands’’ or “paper hands” can’t handle the market volatility and quickly sells their cryptocurrencies at the first sign of weakness in the market. DYOR: “Do Your Own Research” is a slogan to remind traders to do their research before investing in any cryptocurrency project. FOMO: Short for “Fear of Missing Out,” this term is used to describe the urgency a crypto trader feels when the market becomes volatile and starts doing big moves in a small amount of time. LFG: Stands for “Let’s F—ing Go,” used to indicate euphoria and excitement on market conditions, cryptocurrency projects, or specific narratives in crypto. Rug Pull: A scam in the crypto world where the project developers run away after enticing the crypto investors to invest in their project, which leaves these investors with nothing. Advanced crypto slangSome cryptocurrency slangs are fairly technical but it may still be important to understand them. Here are some of the important ones:PoW: Proof of Work, the consensus mechanism behind Bitcoin and many altcoins, ensures that the process of mining (or minting new cryptocurrencies) is difficult ensuring the robustness of the network. Miners burn energy and therefore prove their work by securing the blockchain and confirming transactions. PoW change is something you also hear about, which could be a way to incentivize GPU-only mining or to discourage miner concentration.KYC: Know Your Customer refers to a situation where you have checked the identity of an individual and have
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