Jacquiline Crypto

I'm too lazy to read, what's the TL;DR?

Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage.

Fear Of Missing Out (FOMO): The emotion you feel when you panic buy.

HODL: Buy and hold on to it for a long time!

BUIDL: Keep your head down and build the next financial system.

SAFU: Funds are safe!

Return on Investment (ROI): How much money you are making (or losing).

All-Time High (ATH): The highest price ever recorded!

All-Time Low (ATL): The lowest price ever recorded.

Do Your Own Research (DYOR): Don't trust, verify.

Due Diligence (DD): Smart people make decisions based on facts.

Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money.

Know Your Customer (KYC): Regulations that make exchanges verify your identity.

Introduction

Whether you're in the stock market, day trading Forex, or new to cryptocurrency, you'll hear a lot of trading terms that may sound unfamiliar. FOMO, ROI, ATH, HODL, what do these all mean? Trading and investment have their own language, and it can be daunting to learn all these new terms. However, they can be quite useful if you want to keep up with what's going on in the financial markets.

In this article, we've compiled some of the most important trading terms you should know if you're trading cryptocurrency.

1. Fear, Uncertainty, and Doubt (FUD)


While not exclusively a trading term, FUD is often used in the context of the financial markets. FUD is a strategy that aims to discredit a particular company, product, or project by spreading misinformation about it. The aim is to instill fear and gain an advantage somehow. This can be a competitive or tactical advantage or profiting off a stock price decline caused by the potentially damaging news.

As you'd expect, FUD is quite common in the cryptocurrency space. In many cases, investors may enter a short position in an asset then release potentially harmful or misleading news when the position has been established. This way, large profits can be made by short selling or buying put options. They may also position themselves with over-the-counter (OTC) deals beforehand.

In many cases, the information turns out to be false, or at the very least misleading. In some cases, however, it turns out to be true. It's always good to try to consider all sides of the argument. It can be helpful to think about what incentives people can have by publicly sharing certain opinions.

2. Fear Of Missing Out (FOMO)

FOMO is the emotion that investors feel when they flock to buy an asset in fear of missing out on the profit opportunity. As there are heavy emotions involved, FOMO by a large number of people can lead to parabolic price movements. Investors "FOMO-ing" from asset to asset in a game of musical chairs can often signal the later stages of a bull market.

If you've read our Technical Analysis (TA) mistakes article, you know that extreme market conditions can change the usual rules of the markets. When emotions are rampant, many investors may jump into positions out of FOMO. This can lead to extended moves in both directions and may trap many traders who try to counter-trade the crowd.

FOMO is also commonly used when designing social media apps. Have you ever wondered why it's usually more difficult to view posts on social media timelines in strictly chronological order? This is also related to FOMO. If users were able to check all the posts since their last login, they'd have the feeling that they've seen all the latest posts.

By deliberately mixing older and newer posts on the timeline, social media platforms aim to instill FOMO in users. This way, the users keep checking back again and again in fear that they're missing out on something important.

3. HODL

HODL is a term that's derived from a misspelling of "hold." It's basically the cryptocurrency equivalent of the buy and hold strategy. HODL originally appeared in a now-famous post on the BitcoinTalk forum in 2013. The term was a spelling mistake in the title: "I AM HODLING." 

HODLing refers to holding on to investments despite price drops. It's also commonly used in the context of investors ("HODLers") who admittedly aren't good at short-term trading, but want to get price exposure to cryptocurrency. It may also be used for investors who have high conviction in a particular coin and intend to hold on to their investment for a longer period.

The HODLing strategy is similar to the buy and hold investment strategy coming from the traditional markets. Buy and hold investors try to find undervalued assets and hold on to them for a long time. Many investors adopt this strategy for Bitcoin.

If you've read our dollar-cost averaging (DCA) article, you know that this would have been a highly profitable strategy for Bitcoin. If you've bought just $10 of BTC every week for the last five years, you'd be up more than seven times your original investment!

4. BUIDL

BUIDL is a derivative term of HODL. It usually describes participants of the cryptocurrency industry who continue to build regardless of price fluctuations. The main idea is that true believers of the crypto industry keep building the ecosystem regardless of brutal bear markets. In this sense, "BUIDLers" genuinely care about what blockchain and cryptocurrencies can bring to the world, and they are actively working towards this goal.

BUIDL is a mindset that aims to exemplify how cryptocurrencies aren't just about speculation, but about bringing this technology to the masses. It acts as a reminder to keep our heads down and keep building the infrastructure that may very well serve billions of people in the future. In addition, BUIDLers understand that the teams that keep building with a long-term mindset will likely do well over the long-run.

5. SAFU


SAFU originates from a meme uploaded by Bizonacci. It incorporated Binance's CEO, Changpeng Zhao (CZ), saying "funds are safe" during unscheduled platform maintenance. The video went viral within the cryptocurrency sphere.

In response, Binance has established the Secure Asset Fund for Users (SAFU) to provide a fund for potential security breaches. These funds are stored in a separate cold wallet. The idea is that the SAFU may cover the loss of user funds in extreme cases, offering an additional blanket of protection for Binance users. This is why you might often hear the phrase "funds are safu."

6. Return on Investment (ROI)

Return on Investment (ROI) is a way to measure an investment's performance. ROI measures the returns of an investment relative to the original cost. It's also a convenient way to compare the performance of different investments.

Here's how you calculate ROI. You take the current value of the investment and subtract the original cost of the investment. Then you divide that number by the original cost.

ROI = (Current Value - Original Cost) / Original Cost

Let's say you bought Bitcoin at $6,000. The current market price of Bitcoin is now $8,000.

ROI = (8000-6000)/6000

ROI = 0.33

This means that you're 33% up from your original investment. It's also worth taking into account the fees (or interest rate) that you have to pay to get a more accurate picture.

Raw numbers aren't the whole picture, however. When comparing investments, other factors are also at play. What are the risks? What is the time horizon? How liquid is the asset? Can slippage affect your purchase price? ROI isn't the ultimate metric by itself, but it's a useful tool to measure your investments' performance.

Calculating position size is crucial when thinking about investment returns. If you'd like to read about a simple formula that will help you effectively manage risk, check out How to Calculate Position Size in Trading.

7. All-Time High (ATH)

We probably don't have to explain this one, do we? The All-Time High is the highest recorded price of an asset. For example, the ATH of Bitcoin during the 2017 bull market was 19,798.86 USDT on the BTC/USDT pair on Binance. This means that this was the highest price that Bitcoin was traded for on this market pair.

One compelling aspect of an asset reaching All-Time High is the idea that almost everyone who ever bought is in profit. If an asset has been in a prolonged bear market, many traders holding losing bags will likely want to exit the market when their position reaches break-even.

However, if the asset breaches its ATH, there aren’t any sellers left who are waiting to exit at break-even. This is why some refer to ATH breaches as "blue sky breakouts," as there aren't necessarily any obvious resistance areas ahead.

ATH breaches are also often accompanied by a spike in trading volume. Why? Day traders may also jump on the opportunity with market orders to make a quick profit and sell at a higher price. 

Does breaching the ATH mean that the price will just keep going up forever? Of course not. Traders and investors will look to take profits at some point and may set limit orders at certain price levels. This is especially true if previous All-Time High levels keep getting breached again and again.

Parabolic moves can often end up in very sharp price drops, as many investors rush to the exit once they realize the uptrend may be coming to an end. Check out the price drop after Bitcoin's parabolic move to $20,000 in December 2017.


Bitcoin drops from $20,000 to $11,000 in five days.


After reaching an ATH of $19,798.86, Bitcoin dropped almost 45% in a matter of days. This is why it's always crucial to manage risk and always use a stop-loss.

8. All-Time-Low (ATL)

The opposite of ATH, the All-Time Low (ATL), is the lowest price of an asset. For example, the All-Time Low of BNB was 0.5 USDT on the BNB/USDT market pair on the first day of trading.

Breaking an All-Time Low on an asset can lead to a similar effect as when breaking the All-Time High – but in the opposite direction. Many stop orders may trigger when the previous All-Time Low is breached, leading to a sharp move down.

Since there is no price history below the previous All-Time Low, the market value can just keep going down, drifting lower and lower. Since there aren't necessarily logical points for it to stop, buying during such times is very risky.

Many traders will wait for a confirmed trend change by an important moving average or some other indicator to even consider entering a long position. Otherwise, they could end up holding the bag for a long time, trapped in a position that keeps going lower and lower.

9. Do Your Own Research (DYOR)


When it comes to the financial markets, DYOR is a term closely related to Fundamental Analysis (FA). It means that investors should do their own research into their investments and not rely on others to do it for them. "Don't trust, verify" is a commonly used phrase in the cryptocurrency markets with similar meaning.

The most successful investors will do their own research and come to their own conclusions. As such, anyone who wants to be successful in the financial markets will have to come up with their own unique trading strategy. This may also lead to disagreements between different investors, which is a completely natural part of investment and trading. An investor may be bullish on an asset, while another may be bearish.

Different opinions can accommodate for different strategies, and successful traders and investors will have wildly different strategies. The main idea is that they all did their own research, came to their own conclusions, and made their investment decisions based on those conclusions.

10. Due Diligence (DD)

Due diligence (DD) is somewhat related to DYOR. It refers to the investigation and care that a rational person or a business is expected to make before coming to an agreement with another party. 

When rational business entities come to an agreement, it's expected that they do their due diligence on each other. Why? Any rational actor wants to ensure that there aren't any potential red flags with the deal. Otherwise, how could they compare the potential risks with the expected benefits? 

The same is true for investments. When investors are scouting for potential investments, they need to do their own due diligence on the project to ensure that they can take into account all risks. Otherwise, they won't be in control of their investment decisions and may end up making the wrong choices.

11. Anti Money Laundering (AML)

Anti Money Laundering (AML) refers to a number of regulations, laws, and procedures that aim to prevent criminals from disguising their illegally obtained money as legitimate income. AML procedures make it much harder for criminals to "launder" their money clean by hiding it or disguising it as coming from legitimate sources.

Criminals will always look for ways to conceal the true source of their funds. Due to the complexity of the financial markets, there can be many different ways to do that. Derivatives products made up of derivatives products, and other complex market machinations can make tracing the true source of funds quite difficult (though not impossible).

AML regulations require financial institutions such as banks to monitor the transactions of their customers and report on suspicious activity. This way, criminals are less likely to get away with laundering illegally obtained funds.

12. Know Your Customer (KYC)

Stock exchanges and trading platforms have to comply with national and international guidelines. For example, the New York Stock Exchange (NYSE) and the NASDAQ have to comply with regulations set by the United States government.

Know Your Customer (KYC) or Know Your Client guidelines ensure that institutions facilitating the trading of financial instruments verify their customers' identity. Why is this important? The main reason behind it is to minimize the risk of money laundering.

In addition, KYC regulations aren't only valid for participants of the financial industry. Many other segments also have to comply with these guidelines. KYC guidelines are generally a piece of a much broader Anti Money Laundering (AML) policy.


Closing Thoughts

Cryptocurrency trading terms can seem a bit confusing at first. But now you know a good chunk of them, so you can feel more SAFU with all these abbreviations.  Make sure to DYOR on FUD, not blindly FOMO into a coin that has reached ATH, and keep HODLing and BUIDLing!

Still eager to learn more about cryptocurrency trading terms? Check out our Q&A platform, Ask Academy, where you can get your questions answered by the Binance community.

Further Reading

What Is the Crypto Fear and Greed Index?

What Is a Bear Market?

What Are Crypto Communities and How to Join One?

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I learned the hard way that “chain speed” is a useless phrase if your money is still sitting on the wrong side of a bridge.

The first time I tried to move size onto Fogo through Wormhole Portal, I did what I always do when I’m testing a new venue. I sent a small amount first, then immediately queued the real transfer once I saw the first one land. Except the first one did not “land” so much as it hovered in that awkward middle state where your wallet says the transaction happened, the destination chain does not show spendable balance yet, and you start doing the mental math on how much opportunity cost you just volunteered for.

On Fogo itself, the pitch is crisp: this thing is built for trading. Multi-local consensus, Firedancer-based client, all the Solana-shaped ergonomics, and then the performance numbers that matter if you actually live in orderbooks. Wormhole’s own launch post talks about 40ms block times and ~1.3s confirmations. That’s fast enough that you notice it in basic workflow, like cancel-replace loops and the way fills stop feeling “laggy.”

But bridging is where the vibe changes. The bridge is not fast in the same way. It’s not even trying to be.

Wormhole’s mechanism is fundamentally different from “Fogo produced blocks quickly.” A transfer becomes a message. Guardians observe it, validate it, and once a supermajority signs, you get a VAA that can be verified on the destination. Wormhole documents describe a Guardian set of 19 nodes and the supermajority threshold as 13 of 19 for signed messages.

That architecture is the point. It’s the security primitive. And it’s also the first place you feel friction when you’re trying to run capital like it’s inventory, not like it’s a long-term hold.

In my case, the practical consequence was simple: the “bridge time” was no longer a rounding error. It became a factor in whether I could actually take the trade I wanted on Fogo. I had a window where I wanted to arb a price difference, and instead I was watching the market converge while my funds were stuck waiting on the cross-chain attestations to complete. Not because anyone did anything wrong. Just because the process has steps that do not compress just because the destination chain is quick.

When people say “Can Wormhole liquidity hold up under pressure?” I think they’re usually mixing two different failure modes.

One is the bridge itself: does it keep producing valid attestations and clearing transfers when usage spikes, wallets hammer it, and relayers are busy. Fogo’s docs make it explicit that transfers to and from Fogo are live on Portal Bridge, and that Wormhole provides the messaging and transfer rails available to ecosystem apps.

The other is actual liquidity: once the assets arrive, is there enough depth on Fogo to do anything meaningful without getting punished.

That second part is the real test, and it’s not solved by “Wormhole supports 40+ chains” marketing language. Even Wormhole’s launch post frames the integration as connecting Fogo to assets like USDC, ETH, and SOL and to liquidity across the broader onchain economy. That’s true in the sense that capital can reach the venue. But depth still has to be warehoused somewhere. Pools have to be funded. Market makers have to be willing to quote size on Fogo.

Here’s what I saw when I pushed harder.

Small transfers feel fine, almost boring. You bridge, you wait, it shows up, you trade. The first time you scale the amount, you start caring about every extra minute because it changes the trade you end up taking. You also start noticing that “availability” is not the same as “deployability.” Your USDC can arrive on Fogo, but if the venue liquidity is still thin, you are basically importing slippage. You’re not escaping it.

And that is where the Wormhole dependency gets sharp: Fogo’s on-chain experience can be extremely crisp, but the user’s first interaction is often the edge, not the core. The bridge is the front door. If the front door queues, the venue feels busy even if the chain is not congested.

There’s also the uncomfortable part that nobody wants to say out loud during launch season: bridges carry historical trauma.

Wormhole had a major exploit in February 2022 where roughly $320 million was stolen, and reporting at the time noted that funds were restored afterward. Chainalysis’ write-up and Reuters’ coverage are both very direct about the scale and the response.

That history does not mean “Wormhole is unsafe today.” It does mean that when you route a new chain’s primary onboarding path through a bridge, you inherit the bridge’s risk narrative whether you like it or not. Operationally, it changes how you size test transfers, how you manage hot wallets, how you think about time-to-finality across domains, and how quickly you are willing to recycle capital when volatility spikes.

So what does “under pressure” look like in practice.

It looks like a day where everyone is trying to get onto Fogo at the same time because some trading app on Fogo is finally offering a real edge. Maybe the matching engine feels better. Maybe liquidations are cleaner. Maybe the spreads are tight enough to matter. Now you get the surge: bridge traffic up, relayers busy, people retrying, wallets spamming, and the human layer doing what it always does when money feels late. Clicking again.

If the bridge holds but the destination liquidity is thin, you get a different kind of failure: funds arrive, but the first wave of users pays the tax through price impact and ugly execution, and then the story flips from “Fogo is fast” to “Fogo is a slippage trap.” That can happen even if the chain is performing exactly as designed.

And if the destination liquidity is good but the bridge throughput or relayer reliability gets shaky, then the market becomes a gated party. The people already inside get the clean fills. Everyone else watches the door.

What I like about the Wormhole integration, at least conceptually, is that it’s not pretending bridging is magic. The docs lay out the machinery: Guardians, VAAs, relayers, verification. It is explicit about the primitives.

What I do not like is how easy it is for teams to confuse “we have a bridge” with “we have liquidity.” Those are not the same milestone. A bridge is plumbing. Liquidity is inventory plus incentives plus risk appetite. The bridge can be perfect and you can still have a bad market.

So yeah, I think the real test for Fogo starts at the bridge. Not because Wormhole is weak, but because the first time Fogo matters, the first thing users will do is move capital in a hurry. That’s the moment when every abstract detail becomes a workflow problem. And you find out whether the fastest chain in the room can stay fast when everyone is still trying to get through the door.
Do You agree with me?
@Fogo Official $FOGO #fogo

来币圈，没人逃得过交学费这一课。
早交早清醒，早亏早成熟。
要么亏到底彻底离场，要么摸透规则慢慢变强。
一进场就幻想一夜暴富，既不愿学习，又不肯付出，
最后亏得最惨的，永远是这类人。
在这个圈子里，一定要放低姿态，保持谦卑，
尊重前辈，多听经验，少抬杠。
别介意你的引路人赚你的钱，
他不开口，你也要主动上心、懂得回馈。
哪怕暂时没盈利、甚至还在浮亏，也要维护好这份关系。
他知道的，大概率比你多；
就算经验一般，也能帮你链接更优质的资源，让你少走无数弯路。
心态稳、懂感恩、肯学习，
才是在币圈长期活下去、走得远的真正关键。#特朗普发表国情咨文 #特朗普新全球关税 $ETH $BNB
{spot}(BNBUSDT)

This is the longest State of the Union speech in history (107 minutes), and also the first annual State of the Union address of President Trump’s second term. We will focus only on the issues that affect financial markets and the economy. Overall, he did not introduce too many new points. Here are some of the key highlights:

🔹 The opening part of the speech mainly focused on the economy and cost of living. He stated that inflation has cooled, prices are stabilizing, and people's living standards are gradually improving. He highlighted CPI around 2.4% and core inflation at 2.5% to show that the pace of price increases has slowed down.

🔹 On tariffs, he continued to affirm his desire to use import tariffs to replace income taxes, arguing that foreign countries will pay the cost instead of American people.

🔹 Regarding housing, he called for restrictions on large corporations buying too many homes, emphasizing “houses for the people, not for businesses.” He said that speculation by investment funds has driven up home prices, making it difficult for young people and middle-class families to buy homes. His goal is to reduce market pressure and increase homeownership opportunities for ordinary citizens.

🔹 He is also awaiting a ruling on his authority over the FED, because interest rates directly affect mortgage borrowing, investment, and business activities.

🔹 On cost of living and healthcare, he blamed the Democratic Party for causing the “price crisis” in previous years. He proposed reducing the role of insurance companies and giving money directly to the people through health savings accounts, instead of channeling funds to insurance companies through programs like Medicare and Medicaid, in the hope of giving people more control over their healthcare expenses.

🔹 In the financial markets, he emphasized that stock market growth must be accompanied by fairness. He called for banning members of Congress from trading stocks to prevent profiting from insider information, thereby restoring public trust in the system. This is one of the few issues that received support from both parties.

🔹 On energy and AI, he said that technology companies must build their own power plants for data centers to avoid driving up electricity prices for ordinary citizens. Simply put: when demand rises, prices rise. AI data centers consume huge amounts of electricity, increasing maintenance costs; companies then have to upgrade the grid, costs go up, and they later request rate hikes. If the government approves, ordinary people will end up paying more. $BTC