[Ads-l] FOMO-buy, FUD-sell, weak hand, strong hand, to shake out (crypto)

[Dan Goncharoff]

Some of this terminology goes back a century, in the context of pre-SEC
stock markets.

DanG

On Sun, Sep 17, 2017 at 12:21 AM, Barretts Mail <mail.barretts at gmail.com>
wrote:

> Here is a short list of terms with examples from crypto Twitter, the
> vaguely defined subset of tweets concerning cryptocurrency.
>
> These keep piling up and as I just want to get them out of mind, I have
> not spent much time examining them, looking for first instances or
> searching for them in references.
>
> ======
>
> The Oxford Living Dictionaries have “to panic-buy” (https://en.
> oxforddictionaries.com/definition/panic-buy <https://en.
> oxforddictionaries.com/definition/panic-buy>) and “to panic sell” (
> https://en.oxforddictionaries.com/definition/panic_sell <https://en.
> oxforddictionaries.com/definition/panic_sell>), first one hyphenated,
> second one not.
>
> The OLD also have “FOMO”, "Anxiety that an exciting or interesting event
> may currently be happening elsewhere, often aroused by posts seen on social
> media.” This also occurs in crypto trading when you see a green dildo
> (sudden upward spike) or lots of good news about a coin.
>
> To buy under FOMO is to “FOMO-buy”.
>
> 1. https://www.reddit.com/r/omise_go/comments/6t0xri/here_it_goes_again/ <
> https://www.reddit.com/r/omise_go/comments/6t0xri/here_it_goes_again/>
> SrirachaPeass
>
> damn it! i just FOMO bought in. i should've bought in yesterday ): i
> thought it was gonna go little bit lower.
>
> 2. https://www.reddit.com/r/Bitcoin/comments/5ym5si/fomo/ <
> https://www.reddit.com/r/Bitcoin/comments/5ym5si/fomo/>
> sgbett
>
> I might be doing it wrong, but I just FOMO bought the rumour. I couldn't
> help it. What if this is it!?!?!?111one
>
> 3. https://www.reddit.com/r/omise_go/comments/6u1klx/me_
> right_now_watching_omg/ <https://www.reddit.com/r/
> omise_go/comments/6u1klx/me_right_now_watching_omg/>
> tgwttihs
>
> I fomo bought 10 mins ago and its going down now…
>
> ======
>
> The OLD also have “FUD” (https://en.oxforddictionaries.com/
> definition/us/fud <https://en.oxforddictionaries.com/definition/us/fud>),
> "Fear, uncertainty and doubt, usually evoked intentionally in order to put
> a competitor at a disadvantage.” In crypto, there may be bad rumors about a
> coin/market conditions or irregular movement on a coin’s charts that make
> traders feel uneasy, which is FUD.
>
> To sell under the influence of FUD is to “FUD-sell”.
>
> 1. https://steemit.com/crypto/@razvanelulmarin/fear-and-
> uncertainty-in-crypto <https://steemit.com/crypto/@
> razvanelulmarin/fear-and-uncertainty-in-crypto>
> meesterboom
>
> Most coins I have FUD sold in the past have bounced back. It's always
> worth that deep breath!!!
>
> 2. https://www.reddit.com/r/Bitcoin/comments/6eiab9/sell_
> or_hold_before_forksegwit_for_people_who/ <https://www.reddit.com/r/
> Bitcoin/comments/6eiab9/sell_or_hold_before_forksegwit_for_people_who/>
> beantheredone
>
> Always Hodl. If not you'll be one of the scores of people lamenting when
> they panic-sold or FUD-sold. If there is a dip, buy more.
>
> 3. http://veekyforums.com/thread/2692306/business/ltc-mooning.html <
> http://veekyforums.com/thread/2692306/business/ltc-mooning.html>
> Gigastrength
>
> LOL @ all the weak hands that FUD sold
>
> ======
>
> weak hand = the lack of resolve to hodl (hold) a coin when the price goes
> down
>
> c.f.: https://en.oxforddictionaries.com/definition/us/weak <https://en.
> oxforddictionaries.com/definition/us/weak> "Lacking the force of
> character to hold to one's own decisions, beliefs, or principles;
> irresolute"
> Also: http://www.investopedia.com/terms/w/weakhands.asp <
> http://www.investopedia.com/terms/w/weakhands.asp> "Retail traders in the
> forex market who abide by the conventional wisdom that when a pattern is
> broken, get out."
>
> Read more: Weak Hands http://www.investopedia.com/terms/w/weakhands.asp#
> ixzz4suDCqI00
> Follow us: Investopedia on Facebook
>
>
> 1. https://www.reddit.com/r/Bitcoin/comments/6sbu8g/when_
> my_weak_hand_tries_to_sell_but_i_know_i/ <https://www.reddit.com/r/
> Bitcoin/comments/6o1gb5/weak_hand_today/>
> stevev916
>
> When my weak hand tries to sell, but I know I should hodl.
>
> 2. https://steemit.com/bitcoin/@investing/dan-bilzerian-buys-
> bitcoin-don-t-be-a-weak-hand-and-sell <https://steemit.com/bitcoin/@
> investing/dan-bilzerian-buys-bitcoin-don-t-be-a-weak-hand-and-sell>
> investing
>
> "Dan Bilzerian Buys Bitcoin. Don't be a Weak Hand and Sell”
>
> ======
>
> strong hand = the resolve to hodl when the price of a coin goes down
> c.f.: https://en.oxforddictionaries.com/definition/us/strong_hand: <
> https://en.oxforddictionaries.com/definition/us/strong_hand:> "firm and
> decisive action”
> Also: http://www.investopedia.com/terms/s/stronghands.asp <
> http://www.investopedia.com/terms/s/stronghands.asp> "A futures-contract
> holder that is a well-financed speculator."
>
> 1. https://steemit.com/bitcoin/@bitcoinmeister/bitcoin-segwit-
> to-activate-strong-hand-holding-pays-off-and-is-easy-ethereum-issues <
> https://steemit.com/bitcoin/@bitcoinmeister/bitcoin-segwit-
> to-activate-strong-hand-holding-pays-off-and-is-easy-ethereum-issues>
> bitcoinmeister
>
> "Bitcoin Segwit to activate! Strong hand holding pays off & is easy!"
>
> 2. https://www.reddit.com/r/Bitcoin/comments/6zxvs7/heres_
> to_the_strong_hands/ <https://www.reddit.com/r/
> Bitcoin/comments/6zxvs7/heres_to_the_strong_hands/>
> Anen-o-me
>
> “Here’s to the Strong Hands”
>
> 3. https://twitter.com/RichardHeartWin/status/903569298102390784 <
> https://twitter.com/RichardHeartWin/status/903569298102390784>
> @RichardHearthWin
>
> This is for all the #Bitcoin heroes. The strong hands. The ones you can't
> shake out! Hodl 4 life.
>
> ======
>
> "To shake out" means to cause weak hands to sell, such as happens when the
> price of a coin drops. “Get shaken out” is probably far more common.
>
> As is probably expected, the shake-shook-shaken paradigm is shaky, with
> “shook” often acting as the pp. Although writers are not necessarily native
> English speakers, I would expect them to have a higher adherence rate than
> native English speakers, but that is simply a personal guess.
>
> OLD: https://en.oxforddictionaries.com/definition/us/shakeout <https://en.
> oxforddictionaries.com/definition/us/shakeout> "An upheaval or
> reorganization of a business, market, or organization due to competition
> and typically involving streamlining and layoffs.”
> Also, http://www.investopedia.com/terms/s/shakeout.asp?ad=dirN&
> qo=investopediaSiteSearch&qsrc=0&o=40186 <http://www.investopedia.com/
> terms/s/shakeout.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186> "A
> situation in which many investors exit their positions, often at a loss,
> because of uncertainty or recent bad news circulating around a particular
> security or industry."
>
> 1. https://www.reddit.com/r/Bitcoin/comments/61f0bq/thats_it_im_out/ <
> https://www.reddit.com/r/Bitcoin/comments/61f0bq/thats_it_im_out/>
> bitcoin1989
>
> Everytime there's a correction the weak hands gets shaken out, but not all
> the new investors get shaken out and the old investors take the opportunity
> to buy...which is why the trend is upwards.
>
> 2. https://steemit.com/bitcoin/@hilarski/the-crypto-currency-
> roller-coaster-is-not-for-the-faint-of-heart <
> https://steemit.com/bitcoin/@hilarski/the-crypto-currency-
> roller-coaster-is-not-for-the-faint-of-heart>
> scandinavianlife
>
> Weak hands holding too much of their measly savings in the crypto space
> got shaken out.
>
> 3. https://www.reddit.com/r/Bitcoin/duplicates/6x2lyh/you_are_the_product/
> <https://www.reddit.com/r/Bitcoin/duplicates/6x2lyh/you_are_the_product/>
> sha777888
>
> We have a network which at this point should have shook out almost every
> weak hand.
>
> 4. https://steemit.com/bitcoin/@longstocksilver/what-i-ve-
> learned-trading-alt-coins-when-bitcoin-and-ethereum-are-climbing <
> https://steemit.com/bitcoin/@longstocksilver/what-i-ve-
> learned-trading-alt-coins-when-bitcoin-and-ethereum-are-climbing>
> longstocksilver
>
> It's definitely tough not to get shook out.
>
> Benjamin Barrett
> Formerly of Seattle, WA
> ------------------------------------------------------------
> The American Dialect Society - http://www.americandialect.org
>

------------------------------------------------------------
The American Dialect Society - http://www.americandialect.org