May 21 Crypto Crash? - Todays Marked is looking really bad, but I really don't see the reason.

[shameful existence]

China bans crypto - a Tuesday
stocks - lol
bitcoin - crypto for boomers
Fibonacci - I do technical analysis as an internet job
projects - can't describe, but

 

[Suburban Bastard]

Remember everyone

If it goes up, it’s organic

If it goes down, it’s all controlling Illuminati.

 

[ForTheHoard]

Bull Market- Money go up
Bear Market- Money go down
Crab Market- money go slightly up and slightly down continuously so it goes sideways
FUD- Fear, Uncertainty, Doubt, term for any negative news/opinion towards a investment
Capitulating- Shaking out fearful investors
Gains- Profit
Bleeding- Profit loss
Long- Holding on to a assets for bigger gains of appreciation
Short- Borrowing crypto/stocks at a higher price, to sell at a lower price and returning stock and keeping profit

There's to many to cover here but it's mostly stock market lingo mixed with memes.

HODL - Hold but spelled wrong, sometimes used by financial institutions as "hold on for dear life."
Diversify - Spreading your money out over a number of assets to mitigate losses if some of them fail.
FOMO - Fear of missing out.
Lambo money - Big profits.
51% attack - A single entity that accounts for more than half of mining operations on a network, giving them the power to manipulate transactions.
$5 wrench attack - Strong armed robbery as a means to acquire access to one's crypto accounts.
Altcoin - Anything besides bitcoin.
Privacy coin - Untraceable crypto.
Shit coin - Any cryptocurrency that's likely a scam or is a bad long term hold (hyperinflationary).
Stable coin - A crypto backed by a real world asset, fiat or not, and is locked into a 1:1 valuation with the asset. (Gold, USD, Euro, etc.)
Defi - Decentralized finance.
Dex - Decentralized exchange.
Dapps - Decentralized applications.
Cold storage - A crypto wallet that doesn't interact with the internet.
Pump - When an event occurs that causes significant short term increases in price.
Dump - Sell.
Gas - The cost and resource for transfers, usually referring to the Ethereum network.
Proof of work - Using a computer to guess the answer to a math problem. The faster your hardware, the more guesses you can make. Success creates new crypto used as a reward.
Proof of stake - Rewards are created and distributed based on a user delegating crypto resources to the network for a period of time. Slightly similar to a savings/retirement account.
Mining pool - The organization of multiple miners to combine their computing power to make guesses. Rewards are distributed to miners based on their contribution.
Staking pool - The organization of multiple investors to combine their crypto wealth into one account and share the % based rewards based on their contribution.

There's a lot more but you pick them up as you go.

 

[Justtocheck]

There's to many to cover here but it's mostly stock market lingo mixed with memes.

HODL - Hold but spelled wrong, sometimes used by financial institutions as "hold on for dear life."
Diversify - Spreading your money out over a number of assets to mitigate losses if some of them fail.
FOMO - Fear of missing out.
Lambo money - Big profits.
51% attack - A single entity that accounts for more than half of mining operations on a network, giving them the power to manipulate transactions.
$5 wrench attack - Strong armed robbery as a means to acquire access to one's crypto accounts.
Altcoin - Anything besides bitcoin.
Privacy coin - Untraceable crypto.
Shit coin - Any cryptocurrency that's likely a scam or is a bad long term hold (hyperinflationary).
Stable coin - A crypto backed by a real world asset, fiat or not, and is locked into a 1:1 valuation with the asset. (Gold, USD, Euro, etc.)
Defi - Decentralized finance.
Dex - Decentralized exchange.
Dapps - Decentralized applications.
Cold storage - A crypto wallet that doesn't interact with the internet.
Pump - When an event occurs that causes significant short term increases in price.
Dump - Sell.
Gas - The cost and resource for transfers, usually referring to the Ethereum network.
Proof of work - Using a computer to guess the answer to a math problem. The faster your hardware, the more guesses you can make. Success creates new crypto used as a reward.
Proof of stake - Rewards are created and distributed based on a user delegating crypto resources to the network for a period of time. Slightly similar to a savings/retirement account.
Mining pool - The organization of multiple miners to combine their computing power to make guesses. Rewards are distributed to miners based on their contribution.
Staking pool - The organization of multiple investors to combine their crypto wealth into one account and share the % based rewards based on their contribution.

There's a lot more but you pick them up as you go.

View attachment 2219150

Thanks. The confusion really starts when words start getting together and every one has a hidden meaning, like in your image.

"The China tether has allowed the bulls to capitalize and shitholders to dump their shitcoins, and althougth the alts are up, the normiefags are still crabbing in hope to make fast margins on BIT.."

A non-sensical phrase but damn, it's true that crypto jargon makes it feel insular and weird.