Hello there, welcome to my little world! Starting today, I will be sharing crypto memes and I will try to explain what each means.
With the rise of cryptocurrencies as one of the main blockchain use-cases, many people have tried to invent their own crypto with some being core crypto tokens and some sitting on top of different blockchains.
With cryptoeconomics and tokenomics taking over the world, Ethereum alone has over 3,000 + tokens that sit on top of its blockchain.
I personally started investing in crypto with Bitcoin in 2018 and I have hodled it until now. I am kinda a long-term investor but many people nowadays are involved in crypto trading just like forex trading.
Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
I will be sharing almost three times in a week the top memes out there. This blog series comes just for fun but also for learning and growing together as Web 3 enthusiasts.
So before I present to you the memes, every time I write an article in this series, I will be sharing one term for crypto newbies to learn and today's term is Liquidity Mining.
🌟 Liquidity Mining
It is a process in which crypto holders lend assets to a decentralized exchange in return for rewards.
You can deposit your favourite coins into shared liquidity mining pools and mine popular coin pairs for high rewards and minimal fuss.
🌟 The Memes;
🔹 Miners
This meme shows us where we have come from in respective to today's digital world. Miners used and still mine gold but Bitcoin is nowadays regarded as digital gold.
Mining in crypto now requires expensive and energy-intensive GPUs and CPUs in order to add transactions to the blockchain.
🔹 Elon Musk Tweets
One of the top crypto tech influencers is the newly appointed Twitter board member and is currently considered the richest in the world.
A single tweet from him can stabilise the charts and trends since crypto is a speculative and volatile world that relies heavily on people for the people.
His latest doge tweet
🔹 Bitcoin Bears
Bearish borrowed from forex trading means the crypto might experience a downward trajectory or it is headed down.
Being bearish is the opposite of being bullish, which means that you think the market is heading upwards.
🔹 Buy The Top 👀
In essence, you can choose to see this as buy the dip. This meme encourages one to buy asap not to wait for tomorrow.
Depending on when you did your first trade, the current price is always better for newbies to join because it can be 10x in just 6 months!
🔹 Life of a crypto trader 🤓
According to what you choose to interpret but this meme shows you how the joy, sadness and happiness of a crypto trader is short-lived.
You have to expect all moments while doing crypto just like in any investment you choose to undertake.
Disclaimer:
I am just sharing popular crypto memes and I am not a financial advisor of any sort. This article is just for edutainment only.
🌟 Conclusion
Once again, hope you learned something today from my little closet.
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