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5 crypto acronyms you need to know

FOMO (Fear of Missing Out)
FOMO is used to trigger new traders to place huge investments to avoid missing out on high returns. This is the type of emotional response that enables people to make impulsive decisions to buy tokens when they are at their highest. It is advised to not react to FOMO and wait it out till the market settles.
Originally the misspelling of “HOLD,” it has now converted to “Hold On for Dear Life.” This term is used when short-term volatility is high and the prices of the cryptocurrency keep fluctuating. When the price of a certain digital currency falls, it is advised to keep “holding onto it for dear life” instead of frantically selling it at a loss.
FUD (Fear, Uncertainty, Doubt)
This is a strategy used by crypto fanatics to spread misinformation and doubt regarding a trade deal or a competitor’s forecast price. This is the strategy that is commonly used to drive down the prices of any digital currency. What people tend to underestimate is the power of FUD. It has the potential of causing economic depressions and bursting bubbles within the market.
DYOR (Do Your Own Research)
Exactly how it sounds. Before getting influenced by what the internet is doing and reacting to, it’s important to DYOR before making any calls. There are numerous resources and websites available online that can help you stay informed and make calculated decisions regarding your investment.
BTFD (Buy The F-ing Dip)
This trading strategy focuses on benefiting from the potential price increase after a recent dip in the crypto market. Crypto enthusiasts wait till a currency goes down to buy it, and as soon as they see an increase in value, they sell it at a profit.

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