Altcoins Talks - Cryptocurrency Forum
Learning & News => Further Education => For Beginners => Terminology => Topic started by: Bobcrypto on February 24, 2021, 10:06:17 PM
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I have shared sometime ego many abbreviations that might have help some guys for easy communications, and now, these are some additional once that may help some of us on the crypto ecosystem. Check out the following;
1.AMA: Ask me anything
2.ATH: All-Time High
3.C2C: Crypto to Crypto
4.DLT: Distributed ledger technology
5.DYOR: Do Your Own Research
6.IMO: In My Opinion
7.JOMO: Joy Of Missing Out
8.Lambo: Lambo is the status symbol that becomes an elusive goal for most investors. It’s a car industry reference that makes people believe everyone who has entered the crypto business will buy a Lamborghini very soon.
9.MCAP: Market Capitalization
10.Moon: To the Moon resembles the All-Time high.
11.Nocoiner: A Nocoiner can be any person who doesn’t own Bitcoins.
12.Noob: A person who is inexperienced(a newbie) to a particular sphere or activity,
14.OTC: Over The Counter
15.SAFU: Secure Asset Funds for Users.
16.Shill: Shill is the holder/owner of altcoins who just wants to promote his digital currency for his own benefit.
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Anyone who has been involved with crypto for a short time would surely know about these abbreviations, it is not so difficult to know and understand. However, i want to address the 'safu' abbreviation that was introduced by Binance, newbies should disregard that as funds are never safu when they are not in your own custody. Funds can only be safu when you control the keys to it.
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Anyone who has been involved with crypto for a short time would surely know about these abbreviations, it is not so difficult to know and understand. However, i want to address the 'safu' abbreviation that was introduced by Binance, newbies should disregard that as funds are never safu when they are not in your own custody. Funds can only be safu when you control the keys to it.
The SAFU abbreviation doesn't mean about the safety of the funds of every user. It is about the reserved funds for any emergency situation such as hacking of the exchange and such, to protect the assets of the investors. Meaning, that they have an allocated amount if anything happens to the money of the investors while it is being invested inside the exchange.
Newbies shouldn't disregard the word SAFU because it's better not to think of it as similar to each other.
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Of course who wouldn't know what HODL means? I am Holding (https://bitcointalk.org/index.php?topic=375643.0).
And then if there is JOMO, there is also FOMO - Fear Of Missing Out.
As for the SAFU term, yeah, it's not guarantee that even if a exchange says that they are SAFU, your money is going to be safe with them.
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I have shared sometime ego many abbreviations that might have help some guys for easy communications, and now, these are some additional once that may help some of us on the crypto ecosystem. Check out the following;
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5.DYOR: Do Your Own Research
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17. ....
May I add one word to point number 5?
I seem to hear it often in various articles, so I inserted it in this thread in part number 17.
17. DWYOR = Do With Your Own Risk
Do this with your observations regarding cryptocurrency because every good and bad, profit and loss is completely based on the choice of what you have done.