Topic: Understanding basic trading terms and acronyms (Read 223 times)

Op Dip and hodle is not a Trading term but it is an investment term. On thing you should also know is to understand the different between trading and investing. Trading is the process of buying and selling instantly, or hours. And there are times use in the Trading platforms. And the first one you have to k ow is the stop lose and take profit. These two are so much important in trading that if you don't know them then you are not ready for trade yet. After knowing these ones then you learn how to use the candle sticks and the uses. Then bearish and bullish are also terms use in the trading side of the ecosystem.

If you need explanation of those terms then in .my next comment I will do that but for the time being you can browse them out and red more on them

Ok thanks allot for this wonderful opportunity, this is actually a nice post that creates an avenue for us to learn and improve our investment skills. according to a very popular statement "knowledge is power" in addition to what my senior men have shared. I Will really like us to slide into my post on some basic terms about the crypto space.

https://bitcointalksearch.org/topic/--5485476

Enjoy and feel free to ask questions....

Op I would say all what you've said it's part of our learning process as newbies.I'm also a newbie but with the little knowledge I've acquired in this forum I can say I'm conversant with some acronyms used in the crypto space.Acronyms like HODL,KYC,GOING TO THE MOON,BULLISH/BEARISH,BUY THE DIP(BTD)
1.HODL:The acronym hodl is Hold on for dear life.This word encourages investors to hold their asset even when the price is low with the expectation that the price would increase in the future.
2.KYC:The acronym KYC is know your customer or know your client.The KYC platform is used to identify a user's personal identity.It's quite risky because everyone ought to be anonymous in the crypto space.
3.GOING TO THE MOON:This word is used in the crypto space it refers to investors that have the belief that the price of the asset they are hodling would increase in the future.
4.BULLISH/BEARISH: Bullish is when the price of an asset increase while bearish is when the price of an asset decrease.
5.BUY THE DIP(BTD): Buying the dip refers to when an investor buy an asset when the price is low with the belief that it will increase in the future.
So these acronyms are what I'm conversant with as a newbie,I'm here to learn and grow in the crypto space.

Absolutely! FOMO (Fear of Missing Out) is a particularly significant notion in the cryptocurrency realm. Because of the high levels of unpredictability and the "get rich quick" mindset that some investors possess. There are several tales of people who purchased Bitcoin or other cryptocurrencies at a cheap price, kept onto them, and then saw their value explode, earning them a lot of money. This might cause FOMO in folks who believe they missed out on this chance. However, keep in mind that cryptocurrency markets are notoriously unpredictable, and there is no assurance that this will happen again.

Yeah i accept the concept of learning the basic acronyms of bitcoin before embarking on this journey. Learning all about the above you've mentioned requires you to study. Not only in this local board, you can as well go to other board like beginners and help, Bitcoin discurssion and also make use of your Google search engines. The world is evolving and so is technology advancement. You can also create out time and list the things you don't know on bitcoin and ask Google and it will give you the feed back. Note: only the short abbreviation and the little ones which not need to bring out here in other not to take some people back. You can bring up some that are so difficult to explain in Google or YouTube. By so doing you will know more despite the furum is a place to learn there are things you need to teach yourself. people who always succeed in life does not only depend on a particular direction.dey always make research and apply wisdom. You might be a newbie but if you keep your mind down and study very well, you will soar higher and people will even wounder if truly you are a newbie.

If you are always online and doing more reading here in this community then those terms you listed would be very easy for you to actually get familiar with because these are basic terminology that follows a Bitcoin enthusiast. But all the same your view and thought is well received as I believe that newbie should be familiar with words that are mainly used in the crypto space inorder to follow up with certain conservation and not get lost in confusing although the ones you listed are just a little sample compared to vast terms that is available here in the community and the crypto space at large .

As a beginner, I believe the best way of learning is to first observe how things are going before we seek knowledge on trading activities. As a newbie or a beginner it is not advisable to just rush into trading without knowing some trading ethics that should be followed in other not be misinformed, learning is a gradual process as you can't rush into knowing basic trading terms and acronyms when you are not familiar with the trading environment, so it ought to be one step at a time then from time to time you will start being conversant with the trading methods.

Not many people that joins this forum wants to learn about trading. Trading is a different thing entirely and it’s not encouraged for newbies to go into it without having sufficient knowledge about it. Don’t be surprised or discouraged not to have seen a thread that gives a step to step guideline on how to trade, it is because it is very risky and many users have different approach on how they trade. The one that works for one won’t work for many and vice versa. If you really want to learn more about trading, you can check the Trading Discussion board in the forum, waiting for a thread in the local board for that might not come now if we don’t have anyone from here that is very good at trading.


This depends on the boundary you set for yourself after joining the forum. The person that most have introduced you here must have also told you on the rules guiding the forum and since you want to be careful not to break any rule, you’ll want to follow their guide. Following their guide is not bad but it will limit you to some certain things if you don’t add to your knowledge by exploring the forum more by yourself and get a better grasp of it. It is good to have a mentor but the rules, information and threads here is enough mentorship to guide you throughout your stay here and your journey in bitcoin.


This also depends on your perspectives of the person and what he does to have been using your account to their selfish interest which I still can’t imagine how that is possible. Your ideas and knowledge you’ve learnt from the forum will always be yours and not even the person that brought you here can collect that from you. If you continue to be under the shadow of someone even when you can stand on your own, you’ll be limited to some things. Forum is a well explanative and interactive place that is easy to understand when you put your mind at it. So you won’t remain under a person forever if you’re ready to learn by yourself more to what you’re been introduced to in the first place.

For somebody way won learn trading, e go need more knowledge before e enter the trading part of Bitcoin but I think as say with the little knowledge way person self go get if the person put am to practice with the demo account, e go also dey good.
I also think  say Bitcoin trading no be for crypto newbies like some of us for here, me I go like us my self as an example, because as I no get any knowledge about the trading aspect of Bitcoin if I try am, I go get plenty loses because I no sabi am but if nah for Bitcoin investment I go fit use the little knowledge way I get still put am to practice with even say nah $5 way I go for afford.

In the cryptocurency industry, trading is the most important.A good trader has to know the way of trading, terminology and understand the characteristics of specialization and generating source of a detaimed examination and many other things ,such as tags, limit orders ,stop-loss,bids. e.t.c.

Limit order÷ it has to do with a request to buyer sell an exact amount of an asset at a particular price.
Buy limit ÷ involves in setting a price below the current market amount.
Sell limit ÷involves in a way of selling at a particular higher price than the market price.
Stop loss÷ it is used to reduce possibilities of losses when you  set a certain price of an asset you want to sell in case of price drop.
Currency Pair ÷This involves the two currency which you are going to use for trading among themselves.
Bid ÷ is the price which you want to buy cryptocurency.
Ask÷ is the amount of an asset in which the seller is prepared to sell.
Spread  is the differences between the two prices .
Market order ÷ is a procedure to an exchange forum to buy and sell cryptocurency under a fixed conditions.  
A market order will urgently be met at any price available, the only  thing you have to set is the amount of Bitcoin or other cryptocurrency you  want  to buy or sell which an exchange will carry out your order fully.  

Op what you said is right. But i think everything you need to know in Bitcoin is already stated here in this forum, perhaps you are the one who have not come across it. That's why you need to study very well so that crypto related topics can be interesting to you. And you can make emphasis on them.

Although Bitcoin is no longer a strange thing to me. I had a strong feeling about Bitcoin when I heard that people who are bitcoiners are millionaire, that is when I started doing research about it. I had sleepless nights watching YouTube videos on How it modes of transaction was through wallets to wallet with wallet/contract address. I was also made to know that it's not only Bitcoin that is crypto currency, there were others like: usdt,Tron,Solana,xrp, Doge coin, Luna coin,Shiba Inu and so on. I downloaded a trust wallet and studied it to know somethings about them and further ahead and even bought coin in some of them.

The best teacher is you. If someone brings you here, does not mean he will teach you every thing. Expirience is the best teacher. When you decide not know about Bitcoin is when your boss takes advantage of your ignorance.  Even if people post links that will educated you on crypto hear, and you don't devote your time to know, you would just rank up and still don't know what Bitcoin is all about or not knowing what you are doing here. Who knows if you might get scammed and you would be coming to seek advice here.

That's exactly what am saying that the beginners need to be conversant with some trading methods because most of the beginners here don't even have and idea of what bit coin is and most of them are being told what to do and what not to do by people that refer them to this forum, they have no idea of how things work here they just follow instructions of the person that registered them on this platform and they are instructed to just keep posting or make topics.

For me if someone is on this platform and finding some things strange to understand you will see that the person might start loosing interest because they might feel that maybe the person that registered them here are using them to favor themselves in one way or the other and some people here does that they open accounts for people and be using their accounts to their own selfish interest but if one becomes accustomed to how everything works here there won't be any doubt on how the account is being runned

Interesting...
Honestly, majorly here came into the BTC as a crypto trading by referrers, some mainly devote interests on their own and had been so endivoired and dedicated to acquire its skillful requirements for the trading.
At this juncture, I am single mindedly saying that most BTC investors invests their funds through an existing wide range knowledgable crypto traders instead of trading by themselves with the reasons that they have no crypto BTC trading ideas, the state of them trading by themselves is like gambling with their funds so they develops great fear of losts and most especially, there is no willing crypto BTC trader to give them reliable  as they may not be related to online learning system such as making its personal researches, Googling and the YouTubes are seemed uncertained to them.
So they would dependently rely on some trustee to carry them along on the desired lectures as to learning about the crypto BTC trading.

However, we believe we are 1 family here and on the same hand, it would be a welcomed if a legitimate and easily learning protocol thread can be carried on here  specifically on BTC trading lectures.

I bet it that the fact of this wonderful Bitcointalk discuss forum has brought a means to drag a lot of persons in to the aids of Bitcoin as a cryptocurrency and so as many of the categorized person has also become a reliability to BTC trading industry with its potentials to exploit its investors to enrichment.

So, I would be in support if some of our gurus (experts) could give us guide lectures that has not points of gestures but authentications to impacts on BTC. This would also Play an expantiating roles of spreading values of BTC and attracting it to more investors.

It is believed that some of us in this platform ad a Bitcointalk, when we get rewarded on 1 way or the other, na other crypto BTC traders dey help us control our crypto wallets even til date reason because we never learn BTC crypto trading yet but we found ourselves here and na so too the coins (BTC) dey take spread as e don dey profit even people way no get the idea to take it's control this na why we need a learning trading threads so as to also fit fund our wallets with our capitals without just waiting to get rewards from this forum before we can get a stake to Invest on in our various crypto BTC wallets.

Yes I know it will take time for a beginner to be accustomed to terms that are used in trading but it is also good to have a pre-knowledge of what this terms and acronyms stands for so that as one is gradually coming up in the system they won't sound strange to them anymore

OP is actually nice having a desire to become either forex trader or a crypto trader, but however I don't think knowing those terms without the plans to really acquire the right knowledge that you really need on trading is good, but however if is about DIP and HODL, perhaps the meaning of HODL is Hold on for  Dear Life,  which in times of crypto strategy is that don't sell your coins until it gets to your targeted price in the future while DIP is buying crypto when the price has depreciated or rather falls.

please go through you post and put in the correct sentence, the red mark i indicated, also let me come in that place you said right techniques, we dont have right techniques you just have to work towards mastering it on a long run thats when its going to be the right techniques for you.

I think we the newbie here should be conversant with some trading terms here like CFDs, binance, indices, DIP and HODL and so one. I plead with some of our senior members here to create  threads that will educate us on this trading terms and acronyms and also the right techniques to follow in trading so that it will guide us during trading times. I know everything in life is about stages but it is important that we have a pre-knowledge of how trading works and how to follow the right concept.