Interest in cryptocurrency keeps growing despite unpredictable market conditions. Understanding key terms is an essential part of this process.
Sniping in Crypto
Crypto sniping is a trading method where traders act quickly to take advantage of market opportunities using automated bots. This can involve buying or selling tokens within seconds. This strategy is often used during new token launches or price differences across platforms.
LARP in Crypto
In crypto, LARP refers to when individuals pretend to have expertise or insider information to influence others. Their goal is often to manipulate token prices for personal gain. To avoid falling for LARPs, verify claims from multiple sources and be cautious of anonymous accounts or vague promises.
Crypto Shilling
Shilling is when someone heavily promotes a cryptocurrency or project, often exaggerating its potential. The goal is to create excitement and drive up demand, usually so the promoter can profit. Promoters might use social media to promise huge returns, sometimes leading to 'pump-and-dump' schemes.
Understanding these terms will help you navigate the crypto space with more confidence. While the market might seem overwhelming, staying informed and cautious can greatly enhance your success.
