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Group CryptoCurrencies
Started by Dragon on 29.08.2017 Share experience, discuss risks and potential upside, recommend investment


Discussions in this group

Which crypto currencies you trading in or you still have

From Mohab187 on 27.10.2018 at 18:54

I Start with Ripple (‎XRP) and Tron (TRX)


sathishnp83 wrote on 27.11.2019 at 14:39

Me monero


Cheve wrote on 02.06.2020 at 11:05

How to start with Ripple? And Tron?



Can you speak Crypto? All the cryptocurrency jargon you need to know

From UsamaZ on 01.02.2018 at 18:23

If you’ve started reading up on crypto currencies (or digital currencies as they’re called), you might notice some peculiar terms being used by traders on online forums that, although mostly daily-use words, seem a bit out of place. After all, what’s with all the ‘whale-spotting’ talk during a during a digital currency discussion?
Well, worry no more, you can now claim your badge for talking like a professional crypto-trader by using the below terms:
HODL – probably the most popular term during a cryptocurrency crash (such as the one we’re facing now) and the subject of many memes, the term HODL actually was a misspelling (‘Hold’) by a bitcoin buyer on a discussion board. It now stands for Hang On for Dear Life.
Alt coins – simply means any coin that isn’t a bitcoin. Altcoins, such as Ethereum and Ripple, rose in popularity as people saw exponential increase in returns in comparison to bitcoin once bitcoin crossed the $5000 mark.
‘To the moon’ – words said in excitement and hope that a specific cryptocurrency shall see an exponential price rise (e.g. Ripple to the moon!).
Pump and Dump – the deliberate act of a group of investors buying a cryptocurrency in order to spark a buying spree, hike the price and sell when it peaks.
Bagholder – the investor who is left with an expensive rate cryptocurrency purchase at the peak of the aforementioned pump and dump activity.
Whale-spotting – a whale is a major investor who is capable of moving the market either ways in a particular cryptocurrency. ‘Whale’ spotting is the act of spotting such a movement e.g. a major block purchase.
#DYOR – stands for Do Your Own Research meaning you shouldn’t just follow any advice given on a website. Most traders use the hashtag when tweeting advice
FUD – means Fear, Uncertainty and Doubt; Such as what’s surrounding most coins these days with exchange hacks and regulatory fears.
Rekt: means wrecked. Which is what one expects to be if they give in to FUD.
So there it is. A list of crypto-currency trading terms that took a lot of time and money to learn. Can you think of more? Also would be very interested to learn any terms that are used by traders in the UAE market?
#DYOR 


WajihaS wrote on 20.02.2018 at 18:33

Interesting! I had witnessed the word "rekt" and was baffled trying to interpret what it meant.


Nicholas wrote on 02.07.2018 at 12:04

I would like to be involved and discuss more about cryptocurrency


Cheve wrote on 02.06.2020 at 11:12

I’m a newbie of cryptocurrency and I would like to invest. Any advice on how to get started. Thanks



Everything you need to know about Bitcoins for UAE residents!

From WajihaS on 02.11.2017 at 13:32

There's an amazing infographic explaining how a transaction using Bitcoin works via
http://gulfnews.com/business/sectors/technology/everything-you-need-to-know-about-bitcoins-1.2115463



News: Market cap of all cryptocurrencies combined passed $160bn

From Dragon on 29.08.2017 at 15:44

Market cap of traded cryptocurrencies passed $160 billion to set a new all-time high - it is an increase of 800% from the beginning of the year. https://coinmarketcap.com/

What is coming in the upcoming months - bullish or bearish market behaviour?


pklim wrote on 29.08.2017 at 17:13

I think we are atill at the beginning of the cryptocurrencies era marked by fluctuations, lack of knowledge, opportunistic behaviour.... it will eventually stabilize and find its way into mainstream financial world....


Dragon wrote on 01.09.2017 at 17:07

It is a fair point, pklim. I agree it will continue to fluctuate for some time, but your statement is already positive with "...it will eventually stabilize and find its way into mainstream financial world". Finding the way into the mainstream financial world is the key question for all investors which want to hold a "long position" in some cryptocurrencies.


sathishnp83 wrote on 27.11.2019 at 14:40

Surely bearish first



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