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Crypto is gradually becoming a layman’s topic and every now and then you get to meet people who are discussing crypto in depth. If you don’t want to feel left out from the discussion then there are few basic crypto jargons which you must get yourself familiar with, to be part of dinner table discussions with friends and family.

1. DYOR:

DYOR stands for Do Your Own Research and it is a term used in crypto extensively. So, whenever any investor, trader or a holder enters in a crypto, they are often advised to DYOR. It helps any investor to understand the potential risk factors associated with a certain project. You should never fall for what a certain celebrity or media influencer tells you about a new token, coin or ICO. Before making any investment in crypto market, you should always search through reliable resources so that you do not lose your investments.

DYOR comes very handy when markets face volatility because some new investors start panicking and sell at loss where as if you have done good research, you may probably want to hold on to that asset for longer time.

2. FUD:

If you have an interest in cryptocurrencies, you must have heard about FUD but you may not know exactly what does it mean? So, let me help you to understand this acronym in detail. FUD stands for Fear, Uncertainty and Doubt. It basically generates negativity among traders and investors about a particular crypto coin and as a result, the whole crypto market starts panicking. Several mediums can be utilized to spread FUD for example social media or news channels. Some prominent figures also play a vital role to create chaos through their negative comments or opinions. As a result, crypto prices are greatly affected. Investors get cold feet and start selling their coins in hurry and it causes a big drop in the value of crypto currency. Its best example is when certain platform starts creating fake rumors about security hack regarding a particular exchange or in a most recent example when SEC filed lawsuit against Binance, it created FUD in market resulting in BNB price to drop from $305 to $272 in few minutes as soon as the news hit the market.

In this scenario, the best thing that investors should do is to look for some reliable sources of information to avoid being dodged by FUD and the best way is to DYOR.

3. ATH (All Time High):

ATH stands for All Time High and means the time when a cryptocurrency like Bitcoin or Ethereum hits highest price in history e.g. Bitcoin ATH was on 10 November, 2021 when it hit its all-time high price of 69,000 USDT.

4. ATL (All Time Low):

ATL is the opposite of ATH. ATL stands for All Time Low. When the price of a cryptocurrency hits its rock bottom and is trading at the lowest price in history. For example, Solar SXP coin was trading at its ATL on 30 December, 2022.

5. Buy the Dip:

Buy the dip in crypto means that if you are invested in a particular coin or stock and its price drop then by dollar cost averaging, you should buy the dip which in crypto mostly means a decline of 40 to 50% in price. Buy the dip lowers your initial buying price of the coin. For example, if you have bought 1 Ethereum during its peak at around $4500 and then price dipped 75% then you buy 2 Ethereum at $1125, it will bring your average price of 3 Ethereum at $2250.

But you should be caution with buying the dip as there is a funny meme in crypto that you buy the dip and it dips more and then you buy another dip and then it dips more and then you have no more money to buy the dip 😊. So, unless a crypto currency dips 60-70%, don’t buy the dip.

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