How do I go about learning /biz/'s language?

[Anonymous No.4817311]

I've tried on my own for a couple months to figure out all the terminology used on here because I hate asking questions and bothering people. I understand all the financial aspects from day trading 10 years ago, but there are still soo many tropes and terms I don't understand. Is there a guide to any of this?

Some things I don't get are the "moon" phrases, "sat", "crypto bags" and "mining pools".

Also, is mining even possible these days?

[Anonymous No.4817332]

>>4817311
just ask what they mean when you see them

[Anonymous No.4817349]

>>4817311
FUCKING GOOGLE YOU NORMIE!!!

REEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.4817397]

>>4817311
you need to diffirentiate the different moons though

you dont want to be owner of a coin going for third quarter phase

[Colonel Damu No.4817427]

>>4817397
Some celestial bodies will intentionally hide moons from you so you think you are getting the best moon but in fact you aren't

[Anonymous No.4817446]

>>4817311
>moon
Price rising a lot "to the moon"

>sat
Satoshi, the smallest unit of a bitcoin

>bags
People holding bags of a particular crypto for a long time, "bag holders"

>mining pools
pretty much what it sounds like

>Also, is mining even possible these days?
Maybe for some shitcoins, but not with the bigger coins without some decent equipment and low electricity costs.

[Anonymous No.4817456]

Oh my god, you tried for months? What?
Moon = go up a lot, e.g. 500%
Sat = 1/100,000,000 of abitcoin
Bags = quantity of something that went down
Mining pool - look it up

[Colonel Damu No.4817476]

>>4817456
Did you just assume my fucking market cap?

[Anonymous No.4817478]

>>4817311
neck yourself.
or lurk more.
either way, stfu

[Anonymous No.4817491]

>>4817446
>>4817456

Awesome, thank you soo much!

[Anonymous No.4817501]

>>4817311
Please tell me you're not here trying to get actual financial advice.

[Anonymous No.4817641]

Wow I have browsed this board for one day and figured out what all these meant in the first 20 minutes. You have awful perception skills.

[Anonymous No.4817647]

>>4817491
You're welcome, mister.

>>4817476
No sir colonel sir

[Anonymous No.4817706]

FOMO: fear of missing out. A fomo buy is usually buying a coin or stock on the day it has gone up a large amount in hopes it will continue to go up. Often a poor decision.

FUD: fear, uncertainty, doubt. usually evoked intentionally in order to put a competitor at a disadvantage. Basically shit talking a coin/stock, pessimistic view, often used in an attempt to get people to sell so the price goes down.

ATH: all time high

Panic sell: selling off stock/coin when the valuation is low because you think it will never go back up again.

[Anonymous No.4817731]

>>4817311
I will use this opportunity to ask what is "biz/raeli" ?

[Anonymous No.4817768]

>>4817311
Is English your first language? I've been on this board for one day and picked these up in about 15 minutes

[Anonymous No.4817770]

Stinky Linky: retards who bought a scamcoin called Chainlink (LINK)

[Anonymous No.4817786]

>>4817311
BUY HIGH SELL LOW, THAT'S ALL THERE IS TO IT REALLY

[Anonymous No.4817821]

>>4817641
This. I thought the nigger would ask general 4chan phrases like kek, desu, senpai, reddit and so forth. This gotta be bait.

[Anonymous No.4817831]

>>4817731
Any anon who posts regularly on /biz/. Many boards here have colloquial names like that based on the board letter(s).

[Anonymous No.4817832]

>>4817446
To expand a bit:
Bagholding is when you hold while everyone is selling. The price drops and you are left holding the bag. Like a shitty bank robber.

[Anonymous No.4818233]

vergin = verge bagholder

see definition of bagholder above

[Anonymous No.4818247]

shitcoin = every cryptocurrency blockchain except bitcoin and maybe ethereum.

[Anonymous No.4818447]

>>4818233
>just a vergen girl
>living in a just'd world
>she took the midnight train going anywhere