Do Your Own Research (DYOR)
Do Your Own Research or DYOR is a concept where readers are encouraged to research things on their own to make better decisions.
Category Crypto
Fear Of Missing Out (FOMO)
FOMO, or Fear of Missing Out, is a psychological phenomenon in trading and investing where individuals feel compelled to join a popular trend due to the fear of missing potential profits.
Holding On to Dear Life (HODL)
HODL is the acronym for Holding On to Dear Life. It signifies a long-term commitment to crypto, whereby one holds it like dear life and does not sell it, whatever happens.
NGMI (Not Gonna Make It)
NGMI, which means Not Gonna (going to) Make It, is a crypto slang that means there is no hope for a given situation.
WAGMI (We All’re Gonna Make It)
WAGMI is generic crypto slang that means "We All (are) Gonna(going to) Make It." It is used in bad situations where there is little hope and helps uplift sentiments.
Custodial Wallet
A custodial wallet is a crypto wallet that gives the user the right to self-custody i.e., the user controls the private keys.
ERC-20
ERC 20 is the general token standard on the Ethereum blockchain using which crypto projects can create their own tokens on the Ethereum. ERC stands for Ethereum Resource for Comments.
All-Time High (ATH)
All-time high refers to the highest price level that a cryptocurrency has achieved till date.
Seed Phrases
Seed phrases are the sets of keywords that are required to restore your wallet access when you change your device or forget your password.
Bitcoin Improvement Proposal (BIP) 39
BIP-39 is a protocol used to generate a secure, human-readable backup of private keys for cryptocurrency wallets.
Cold Wallets
Cold wallets are those crypto wallets that rely on separate hardware to run and can be switched off when not in use.
Private Key
A private key is a string of numbers, letters, or a combination of both used to operate your blockchain address. They are similar to bank account passwords.