Dear steemit friends,
I know ! another post about cryptocurrency.. It's also because my life recently has been pretty much about this and I have to put on hold about travel for a while as of now.
Anyway, I want to share with you guys too many things but the time is not enough to write.
Since last night, Etherdelta, one of the platforms to buy etherum tokens was hacked until now there seem to be no further updates. I have a few coins and tokens and I have no idea what to do about that.. Anyways. Will update you about that on another post and explain what is etherdelta. It seem like there is another day , another hack in crypto world!
But for Today, I bring you some of the terms that are used quite often around here..
FUD =Fear,Uncertainty, and Doubt. Propaganda to lower prices.
FOMO= Fear of Missing Out.
HODL = Someone spelled HOLD wrong on a forum.
MOONING = Price going up extremely high.
FIAT = Government-issued currency, such as the US dollar.
WHALE= Someone who owns lots of crypto.
BULLISH = an expectation that price is going to increase.
BEARISH= An expectation that price is going to decrease.
ATH = All-Time-High. The highest price a coin have ever been.
MARKET CAP= Total Supply at Current Price
ICO= Initial Coin Offering.A type of Crowd-funding
ROI= Return on investment. Gains - Initial Investment.
COLD STORAGE= Moving crypto-currency 'offline' Paper/hardware Wallet.
BlockChain Distributed ledgers.= Public databases that everyone can access and read.but the data can only be updated by the data owners.Data is copied across thousands and thousands of computers (nodes)worldwide.
FORK = When a blockchain splits into the two separate chains
Bye guys, stay safe. And good night.
xxx
Eint
And minnows are just like me :D small users that doesn't make much impacts
well.. I feel you.. We are on the same boat .
thank you for your information !
you are welcome :)
i follow $ upvoted u ..plz do the same...
hahah thank you @burmeseabroad :D that actually helps a lot!
Ikr!! a week ago , I have no idea what is fiat and have to google.. haha..
Haha yeah I googled the hodl, I assumed it meant something like hold just from context clues but thought it was an acronym... come to read that it really was good LOL
I also don't know the terms. Thanks a lot for the information.
you are welcome and thank u for visiting my blog.
Nice tutorial. You are doing real good with these tutorials. Should make them a weekly feature :)
I have some ideas to make in a more Organised manner but for now the information are flooding in my brain and have to write more posts before it's too late! Like Google Authenticator and what if ur phone got stolen ? or offline wallet etc , going to be my up coming posts!
Looking forward :)
Pretty useful your post, thanks for sharing, some of the terms I did not know about.
cheers @aburmeseabroad!
I'm so Glad it's useful for you .. thank you!