From BTD to FUD: Here are the 5 most popular cryptocurrency acronyms

Acronyms play a huge role in a crypto dialogue and without knowledge it becomes increasingly difficult to follow the information being shared. Here are five of the most popular cryptocurrency acronyms being used by users and media on a frequent level

From BTD to FUD: Here are the 5 most popular cryptocurrency acronyms

From BTD to FUD: Here are the 5 most popular cryptocurrency acronyms

Cryptocurrency is an environment that is constantly changing and evolving with time. As the ecosystem becomes increasingly complex, so does the basic words used in a crypto conversation. Acronyms play a huge role in a crypto dialogue and without knowledge it becomes increasingly difficult to follow the information being shared. Here are five of the most popular cryptocurrency acronyms being used by users and media on a frequent level

BTD (Buy the Dip)

Buy the Dip is a method where users are asked to buy when the currency has taken a sharp dip. Coins that follow these dips are generally taken as overvalued likely due to fear, uncertainty and doubt.

For instance: Ethereum took a 20 percent dip. Tomorrow the price will be normal, now is the time to BTD

OTC (Over the counter)

Over the counter points to a method of trading that crosses an exchange service. With OTC trading, buyers and sellers decide the price of a currency, generally with the help of an escrow and transact with each other directly.

For instance: Before XYZ coin was listed on Bittrade, it was traded OTC on Bitcointalk

ATH (All time High)

It is the maximum price a coin has achieved. It can be expressed in terms of BTC, USD or any other currency. One of the best feelings is to see the coin attain ATH.

For instance: If Ripple appreciates to $3, it will achieve a new ATH

DEX (Decentralised Exchanges)

Often referred to as the future of crypto trading. With centralized exchanges continuously failing users due to hacks, lack of scaling, regulatory changes etc, much of the community has looked towards DEX solutions as structural fixes. On a DEX platform, users buy and sell without giving away any ownership or revealing identity.

For instance: The Bitrate DEX sees a lot of users exchanging Dash with one another

FUD (Fear, Uncertainty, Doubt)

Fear uncertainty and doubt refers to people using rumours to drive the price of the coin down. It is often taken as a form of incorrect news shared to convince owners to sell their coins.

For instance: Don’t believe what X is saying about Ripple, it’s a FUD

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