erc20 mooning huddle dex
ico pump and dump these are all words
that you probably heard or read
in the past when researching crypto it
is easy for seasoned traders to throw
these terms around
without remembering that they once
didn't know them
for them it's like saying their name for
crypto newbies
it can be very confusing in this video
i'll give you the talk
no not that talk ask your parents to
give you that one
one day you might actually find out what
it means i mean introducing you to as
many
concepts as i can this will help you to
make sense of news articles
and combos between traders let's get it
it's pretty good
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all right guys in this series of
introductory videos
we might have already explained some of
these terms when talking to you about
other subjects
so you might be familiar with some of
them if you haven't watched
any of the videos in this series and are
watching this one
i recommend you check them out to learn
more about the crypto world as a whole
you can find them on my back to basics
playlist
we're going to be looking at some crypto
news and headlines which use some of the
terms i want to present to you
and i will be explaining them as they
show up so let's get started
please take your seats as this lecture
is about to begin don't fall asleep
the first term you might have heard a
lot when it comes to crypto
is whales huh obviously
they're not referring to those majestic
animals that live in the sea but are a
reference to size
just like the animals huge crypto whales
are big players who have an incredible
amount of capital
being able to impact the market in a big
way when they make moves
when whales move in the sea or the
crypto market
everything around them moves as well the
smaller the project is when a whale is
operating
the bigger the impact its movements will
have icos is a term that most crypto
traders
start hating around 2017 and 2018.
ico stands for initial coin offering a
type of crowdfunding in which coins were
offered
in exchange for fiat or more established
cryptocurrencies like
ethereum or bitcoin the reason for the
distrust and hate towards icos
was the number of scams that started
showing up at a certain point
scammers would start in ico for projects
they never had any intentions of working
on
and had not even started developing
disappearing when they got the money
from
investors and if they did deliver the
project was not always what was promised
oh polka dot such a good project i
covered this project back on august 18th
and look at it now
growing as i expected i'm so proud of it
i could almost cry
anyway let's talk about circulating
supply which as you can see had a lot to
do with polka dot success
this concept is pretty easy and at the
same time super important in crypto
this is the number of tokens or coins
that are circulating at any given time
i'm sure you guessed that from the name
however
i have seen people confusing the terms
circulating
and total supply the circulating supply
are the coins that are available to the
public at any given moment
which is the result of the following
calculation circulating supply equals
total supply
minus team tokens minus foundation
tokens minus lock tokens
circulating supply is used to calculate
the market capitalization
of a cryptocurrency which is the result
of the circulating supply
multiplied by the value of the token you
guys love math
market capitalization is an indicator of
the value of a project
which is the attribute used to rank
crypto projects by
most sites litecoin gecko and coin
market cap
ah fomo and jomo two abbreviations that
define two of the most common emotional
states
for crypto investors these abbreviations
stay for fear of missing out and
joy of missing out the first one is the
feeling an investor gets
when the price of a coin is super
bullish which means it is going
upwards and they quickly jump into the
wagon expecting to make returns
and not missing out on the opportunity
some investors consolidate assets
to jump in or just invest money they
wouldn't have
otherwise this may pay out or go wrong
joy of missing out on the other hand is
that relief that those
who didn't jump in feel when they see
the price of the project
dropped a bridge version fomo is what
made people buy bitcoin a few days
before december 16th
2017 when it reached its all-time high
jomo is what people who didn't buy
bitcoin in those days
felt on december 17th when the value
dropped
pump and dump a term that trolls love
using in the comments section of this
channel
pumping up is the act of boosting a
coins price by talking about it
trying to sell it to other people a
thing that is easy
or big personalities like dave portnoy
to do because of their big followings
you basically say
great and exaggerated things about a
project and promise people it would be
mooning soon
something known as shilling then when
the price of the coin goes up as your
followers start buying it boom
you sell the coins you had bought at a
cheap price before recommending them
and then you sell them at a higher price
the crappier the projects the easier the
technique is for people doing this
which is not a nice thing to do if you
ask me now this one is pretty simple
all coins are basically every other
cryptocurrency that is not
bitcoin decentralized exchanges or dexes
is a cryptocurrency exchange that is now
operated by an individual or a group
that operates as a central authority
this is the opposite of
binance kucoin or coinbase decentralized
exchanges like uniswap
work without a central authority by
facilitating trades via automation
and liquidity pools now this is a good
opportunity to explain
what a liquidity pool is and please
don't be the guy who says
liquid have water after all okay the dad
jokes
are my jokes okay you stay away from
them a liquidity pool is a pool of
tokens
that's been locked in smart contracts to
facilitate trading
by providing liquidity these rules are
filled by investors
who earn rewards by locking tokens into
the pool the rc20 is a term you will see
pretty regularly in white papers
wallets crypto product descriptions news
and exchanges
erc20 is a type of token hosted on the
ethereum blockchain
erc20 stands for ethereum request for
comments
which represents the standards for a
valid token in the network
for all intents and purposes erc20 means
that the token is part of the ethereum
network
the term gas is usually used when
referring to the ethereum network in
particular
gas refers to the fee that users need to
pay to start transactions in the network
which is paid in ether by charging these
fees the network ensures that the
transactions can be validated
by rewarding those nodes who work on
keeping the network running
now as you can see in this headline
ethereum's gas prices have become a
big issue in recent months as the cost
of operating in it
has skyrocketed no news article for this
one
huddle is one of the most well-known and
beloved terms
when it comes to crypto investing the
term is a misspelling of
hold to gain popularity in a crypto
forum when a drunk user wrote
an extremely emotional and eye-watering
post
on how he would be huddling his beloved
bitcoin the term has its own manifesto
and everything
you really check it out i just wanted to
say that most of the people made fun of
this guy for his drunk post
but hey back then btc was valued at less
than 1k
if the guy did indeed huddle he's
probably swimming
like scrooge mcduck so let's talk about
mooning no
not that type of mooning guys this is a
family-friendly channel
i'm talking about a crypto term
referring to a coin's value
rising to the moon as if it was a rocket
a coin that is mooning is not just a
coin
it's increasing in value constantly but
a really sharp increase in value
any reference to the moon and crypto
means the project is having a moment of
great success
to the moon moonshot and other similar
expressions should be something you
should keep an eye on
especially if it's in the title of my
video
but now it's your turn what crypto
trading terms did i miss did any of
these terms mean something to you
did any of these terms mean something
that you didn't expect let me know what
you think down below in the comments
section
hope you enjoyed this video if you did
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