Source

Assalamu Alaikum

Today I will talk about a very important topic, today we will know five interesting words in the Crypto world, 1. HODL, 2. Fomo, 3. Rug, 4. whale, 5. Rekt, today we will know how it originated and what it means, now everyone who has been in the crypto market for a long time may have heard these words at least once, we will know what these words are used for,

1. HODL – From typo to trend!

HODL means Hold, you will be surprised to know there is an interesting incident here, this word was forgotten from Hold to HODL, in a word a typing mistake, and this incident happened in 2013 when Bitcoin was down in a big way, then a person was scared of Bitcoin and did not sell it, he posted "Iam Hodling" and it was a spelling mistake, and a meme was created from this spelling mistake, since then all celebrities have also written and posted HODL,

2. FOMO – Fear Of Missing Out

This means the fear of missing out, we often notice that when we miss a coin, the price of this coin goes up a lot, then we often get disappointed, and after that when the price of a coin increases a little, we buy it this time just like the last time, fearing to miss it. Then it turns out that by buying the coin at a very high price, we suffer huge losses, and this is usually called FOMO,

Image collect Pixabay

3. RUG – Suddenly the carpet was pulled!

Rug pull means that someone ran away from the project, as we often notice, the team secretly sells all the coins and makes the coin crash,

The funny thing is that someone pulled the carpet from under your feet and you were left behind.

4. WHALE – Big player!

In the market, large holders are called whales, for example, 10000+ BTC holders are called whales,

5. REKT – End! Destroyed!

This means when someone suffers a big loss,

And this word comes from "wrecked"

For example, "I bought BTC for 40k and now I'm REKT!"

And the solution to this: This situation will happen if you don't put a stop-loss, so use a stop-loss in big trades,

These were some five interesting words in the Crypto world, maybe many people were unaware of these words, if you like them, please let me know in the comments, everyone is fine,