I got this wonderful idea from the one and only @KevinLi, when he made his friend guess some crypto slang. It was super funny so I decided to do this with my friend @MellisaRamirez who has no idea about steemit or cryptos. We were all there once! She is new to steemit and you can find out more about her in her first post here. Make sure to support her journey. Let me know in the comments below if you guys upvoted/commented on her post and I will give you a full upvote in my comments! (Worth 23-30 cents but something is something.)
Terms Discussed (By: @KevinLi)
ROI - Return on Investment
Mining - Generating new crypto coins using computer hardware
FOMO - Fear of Missing Out
Cold storage - Moving cryptos offline
Whale - A lot of cryptos
HODL - Hold on for dear life
Alt coin - Alternative coin that’s not bitcoin
Pump and Dump - Manipulating the market to sell high and then buy low.
Moon/mooning - Rising in price
Fiat money - Psychical money like u paper bills
We also discussed the difference between Steem, Steem Power and Steem Dollars. You guys MUST watch to get a good laugh! I only included her answers, but I did go over every definition with her.
You can watch @KevinLi’s post here.
