CEX Daily Combo 23 October 2024

23. Oct 2024 Posted by Adeoye O. on Daily Combo

 

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Task: "From Shills to Degens: Keep Mastering Crypto Vocabulary"

1.What does the term "Pump" mean ?  
    ✅ A sudden increase in a cryptocurrency's price 

2. What can help you recover from feeling Rekt?
   ✅Learning from past mistakes and adjusting your strategy
 

3.What does being "Rekt" mean?
   ✅Suffering significant losses in trading

4.What should you keep an eye on when Whale Watching?
   ✅The buying and selling patterns 

5. Why is it beneficial to invite friends to learn about crypto?  
   ✅To share knowledge and foster community

6. What is a "Degen" trader?  
   ✅Someone who takes excessive risks without research 
 

7. What does "Whale Watching" involve?  
   ✅Tracking large investors in the cryptocurrency market

8.  How should you respond to a Pump in the market?
   ✅ Evaluate the fundamentals 

9. Why is it important to avoid being a Shill?  
   ✅It can mislead others and harm the community 

10. How can HODLing benefit?  
    ✅ It allows you to ride out market fluctuations

11.Why might someone identify as a Degen?  
   ✅ They enjoy high-risk, speculative trading

12. What does "Shill" refer to in cryptocurrency?  
   ✅ Someone who promotes a coin for personal gain

 

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