DYOR=Zeroing has nothing to do with me? Fun interpretation of 7 terms in the crypto world, this article is all NFA!

Crypto world terms: What's the real meaning? Interesting interpretation of 7 common terms

The cryptocurrency circle is filled with many exclusive terms, which are often difficult for Newbies to understand the true meaning.

Recently, Robert D. Knight, a journalist from the foreign media Cointelegraph, wrote a unique perspective on the crypto world, introducing 7 common crypto world terms from the perspective of 'Internet trolls', let's take a look at the implications behind these terms.

Friendly reminder: This article will interpret common crypto world terms in an interesting way, with the extremely subjective thoughts of Cointelegraph reporters, for your amusement only. Please do not take it seriously. If you want to understand crypto world terms and basic concepts in a serious manner, please read the two tutorial articles below:

Introduction to Knowledge and Terminology of the Crypto World: Understanding Common Cryptocurrency Terms! What is DYOR, fear of missing out? A detailed collection of 45 terms in the crypto world. What is the crypto world? Afraid of being scammed? X essential knowledge for beginners in the crypto world.

do your own research：drop to zero not my business？

Robert D. Knight stated that DYOR is an abbreviation for 'do your own research'. This term reflects a fundamental principle in the crypto world, which is that everyone is responsible for their own investment decisions.

No matter how many people recommend a project, or how many internet celebrities promote it, if the currency ultimately goes to zero, the responsibility lies with the investors themselves, after all, you should "do your own homework".

Knight believes that the implicit meaning of DYOR is: "It's not my business when you lose all your money."

NFA: Be sure to add investment advice behind

Knight pointed out that NFA stands for "Not Financial Advice", which must be used as a disclaimer when giving investment advice.

For example: 'We are going to the moon! (NFA)', 'Major collaboration to be announced! (NFA)', 'Buy now! (NFA)'

Providing investment advice is a serious matter, and if there are mistakes, it may have serious consequences.

Knight believes that generally only professionals who hold financial analysis certification and have long-term successful investment experience are qualified to provide financial advice, rather than anonymous individuals on X (formerly known as Twitter) whose profile pictures are cartoon wolves wearing sailor hats and smoking cigars, and who call themselves "Captain Crypto Pants".

Knight's interpretation of NFA is: 'When you lose all your money, don't blame this little wolf.'

HODL: Battle cry of crypto world believers

The term 'HODL' comes from a misspelled post on the BTC forum in 2013, when the BTC price experienced drastic Fluctuation. The poster encouraged investors to hold onto BTC instead of selling.

This article is full of various spelling errors, probably because the author was drunk at the time, and he admitted this at the end of the article. Since then, HODL has become the slogan of cryptocurrency believers, and some even explain it as an abbreviation for 'hold on for dear life'.

However, Knight prefers to translate HODL as: "In this zero-sum game, traders can only take your money when you sell."

Find safe entry, but it's not my fault that I didn't find it

Knight said, 'Find safe entry' is a subjective trading term.

In an ideal situation, a safe entry point refers to the price of Crypto Assets being lower than the price it may fall to in the near future, allowing you to buy and profit; while an unsafe entry point refers to the price being higher than the upcoming price, resulting in losses.

The key to using this phrase is to determine the current situation. If you judge it incorrectly, it is not the responsibility of the recommender.

Knight believes that the implicit meaning of 'Find safe entry' is: 'I told you to find a safe entry point, so if you didn't find this point and lost money, it's not my fault.'

Up only, in fact, is Down Only

This term seems to imply that profits can be made regardless of when you buy, but Knight pointed out that anyone who has spent time in the encryption currency market knows that there is no Token that can only rise and never fall.

Therefore, if someone claims that a new project is 'Up only', be sure to stay vigilant.

Knight's interpretation of Up Only is: 'This coin will definitely fall at some point.'

To The Moon, but 99% will not be achieved

Knight said that when promoters say a certain coin is going 'To The Moon', it usually means two things:

This coin will definitely rise 100 times, allowing all holders to gain huge profits.

Promoters hope to pump 100 times, but it never materialized in the end.

During the bull run, every 'To The Moon' proclamation sounds like the first scenario, but in fact, 99.9% of the time it's the second scenario.

Knight believes that the implicit meaning of 'To The Moon' should be: 'Houston, we have a problem! We've lost all our money.'

Note: 'Houston, we have a problem!' is a famous line from the movie 'Apollo 13', adapted from a real event in the 1970 NASA Apollo program. At that time, the oxygen tank in the rocket exploded, but with the coordination between ground control and astronauts, they safely returned to Earth, known as the 'greatest failure mission'.

Buy the dip, but why does it seem to keep getting lower?

Crypto Assets prices rise and fall, the key to profit is to buy at the low point and sell at the high point. Therefore, the so-called catch the bottom (Buy the dip) theoretically can make money.

However, finding the bottom of the market is another matter. Sometimes you think you've bought at the bottom, but the price keeps dropping.

Knight's interpretation of Buy the dip is: "We're going to the moon now, you should buy it when it's fall!"

"DYOR=It's not my business to return to zero? Interesting interpretation of 7 crypto world terms, this article is all NFA!" This article was first published in "encryption city"