DeFiner Weekly: Top Crypto Acronyms Guide

Community Update Poster 2_blog

Dear DeFiners, the HODLer Market launch is closer than ever. This week, the DeFiner team has been working at an accelerated rate to ensure that our V2 product is ready soon. DeFiner is committed to enabling crypto users and investors alike to HODL, lend, and earn in a permissionless and configurable lending marketplace. Many of you already know what "HODL" means, but did you know that this is not the only crypto acronym out there? In this week's update, our team has put together a "Top Crypto Acronyms Guide" for you. Stay calm and keep scrolling!✨📜

Here are the highlights of the week:

🎩Top Crypto Acronyms Guide
❓Why HODL in Crash?
🙌Welcome Qianru: Marketing Summer Intern
🔥Earn Crypto with DeFiner
💼We're Hiring!

🎩Top Crypto Acronyms Guide

The terms "HODL", "FOMO", and "FUD" are some of the most popular acronyms in the space. Have you seen them or other similar acronyms while scrolling through your social media? ⬆️

When beginners enter the crypto industry, they come across many unfamiliar words and phrases. To understand the complexity of these words, you need to know the meaning behind them. This Crypto Acronyms Guide will cover some of the most common phrases to get you up to speed.🚀

Trading advice acronyms

BTD – Buy the Dip
FOMO – Fear of Missing Out
FUD – Fear, Uncertainty and Doubt
NGMI – Not Gonna Make It
WAGMI – We're All Gonna Make
REKT – Failure, Loss Of Money

Common technical acronyms

DEX – Decentralized Exchange
CMC – CoinMarketCap
DAO – Decentralized Autonomous Organization
EVM – Ethereum Virtual Machine
Dapp – Decentralized Application
DeFi – Decentralized Finance

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❓Why HODL in a Crash?

Top view of businessman looking at question mark on floor-1

The crypto winter is here. The crypto market runs in cycles; periods of capitulation and periods of accumulation. Many crypto traders in the industry profess the "buy low, sell high" technique; however, this may be easier said than done, since the majority of users do not have the technical skills required to identify these major "points of inflection." Some investors become HODLers, which means that they invest in certain crypto assets for the long run. This practice implies that some users HODL through the ups and downs of the market.

We asked the community why they HODL during a market crash. This is what they had to say:

Time in the market beats timing the market. - u/joejitsu_crypto (Reddit).
Because you don't know when it's going to end. - u/hsifuevwivd (Reddit).
Hold and buy more lower or sell at bear market rallies. Never panic especially if you believe in the project. - u/winstonchill (Reddit).
You don't know when and [where]. Plus you want to make that big $ and timing the market isn't it. Buy hodl, cheaper buy and hodl. - u/IBesto (Reddit).
The best investors are typically those who forgot they invested, unless you think the assets will never ever recover then holding is not a bad strategy. - u/Puzzleheaded_Ad928 (Reddit).

DeFiner: A place to lend, borrow, earn, stake, and HODL, regardless of market conditions.

DISCLAIMER: These opinions belong to the users who expressed them and do not constitute financial or investment advice.

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🙌Welcome Qianru: New Marketing Intern

Hello! My name is Qianru Li. I'm so excited to join Definer this summer as a Marketing Intern. I'm a first-year master's student at the Eller College of Management in the Management Information Systems Master Program. I love to experience new things, so I became interested in Web 3.0. I believe this technology has immense potential for both businesses and end-users.

I like watching YouTube videos to learn about the latest K-Pop dance moves during my spare time. Also, I like to paint, cook, and travel. I am very happy to be a part of the Definer team this summer!

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Are you searching for an opportunity to work in the crypto industry? The DeFiner team is growing and you may have the right skills to help us take DeFiner to the next level. 🆙

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