Definitive: Speak like a Pro from Day 1! 🚀

Did you enter the crypto world and feel like you need a translator? 😅 Don’t worry, we all feel that way at first. Here’s a summary of the words and acronyms you hear everywhere, explained simply. Save this post! 👇

🧠 The Mindset (Psychology)

• HODL: Hold your cryptos for the long term, no matter what happens to the price. Fun fact: did you know it originated from a typo on a Bitcoin forum in 2013?

• FOMO: The fear of missing out on a price increase (buying on impulse when everything is rising).

• FUD: Negative news or rumors that create fear to make people sell cheap.

• Whale (Whale) 🐋: Investors with so much money that their movements move the market.

🏦 Technology and Money

• Blockchain: The digital ledger where all transactions are recorded securely and permanently.

• Exchange: The platform where you buy and sell your cryptos (like Binance).

• Wallet (Wallet): Your personal digital wallet to store your assets.

• Token: It is the representation of a digital asset, minted on a blockchain of which it may or may not be native.

• Cryptocurrency: Refers to virtual currencies that primarily function as a decentralized medium of exchange in transactions.

• Fiat: Traditional money issued by governments (Dollars, Euros, Pesos, Bolívares).

• Stablecoin: Coins that are always worth 1 Dollar (e.g., USDT, USDC), ideal for protecting yourself from volatility.

📊 Strategies and Analysis

• DCA: Invest fixed amounts gradually to average the price.

• DeFi: Movement of "decentralized finance" that aims to recreate traditional financial services using blockchain technology.

• Scalping: Making many buy and sell trades in minutes to earn small percentages.

• Arbitrage: Trading strategy that focuses on price differences.

• Market Cap: The total value of a crypto (Price x number of coins). Defines how "big" the project is.