Bitcoin Flashcard: Test Your Knowledge

Front

What does "HODL" mean in Bitcoin slang?

Back

Hold On for Dear Life (keep Bitcoin despite price drops)

Front

If someone says Bitcoin’s price is "on the rocks," what do they mean?

Back

It’s in trouble or declining

Front

FOMO in Bitcoin investing

Back

Fear Of Missing Out (buying because others are)

Front

If a Bitcoin scam "goes up in smoke," what happened?

Back

It failed or disappeared

Front

What should you do if an investment offer sounds "too good to be true"?

Back

Research carefully and be skeptical

Front

What does "DYOR" stand for in Bitcoin discussions?

Back

Do Your Own Research (verify info yourself)

Front

If Bitcoin’s price "tanks," what happens?

Back

It drops suddenly

Front

What’s a "pump and dump" scheme in Bitcoin?

Back

Artificially inflating prices, then selling (scam)

Front

If you "cash out" Bitcoin, what are you doing?

Back

Selling Bitcoin for real money

Front

Whale (in Bitcoin terms)

Back

A large investor who can move markets