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Crypto speak: NFA
“NFA” is an abbreviation for “nonfinancial advice,” a disclaimer that this person is unqualified to provide financial advice and that their opinion should not be considered as such.
Most crypto resources use this expression to comply with legal requirements, but this word is often used in an ironic sense, just to recommend some coin.
📱 Crypto Insider
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Inflation in cryptocurrencies
In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.
Inflation in cryptocurrencies occurs when too many new coins are issued.
A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.
Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.
But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.
However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.
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Solana network trading over the weekend exceeded volumes in Ethereum by $1.1 billion - DefiLlama
The explosive growth in trading to $3.79 billion on March 15 is explained by a surge in demand for meme coins on the Solana network.
Thus the capitalization of Book of Meme (BOME) went from almost zero to 1.45 billion in 56 hours! And the coin NAP (NAP) raised the marketcap from 20 to 330 mln dollars in 18 hours.
Crypto Speak: Weak hands
“Weak hands” are people who sell their cryptocurrency at the first sign of a price drop. People with weak hands are usually unsure of their strategies and are easily spooked by negative news or the price action of an asset.
In general, paper hands and weak hands are almost the same thing.
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From 664 to just 6 BTC for a median-priced home, Bitcoin has demonstrated an extraordinary increase in purchasing power within eight years!
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Crypto speak: SNAFU
“SNAFU” stands for “situation normal: all f***ed up.”
Participants in the market ironically describe the situation’s regularity and normalcy, which, at first glance, appears to be full of horror and the impending collapse of everything.
For example, a SNAFU can be a failed deal, a major crypto exchange failure, or other scenarios where something went wrong. There is no need to panic because similar incidents have happened frequently in the cryptocurrency sector.
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