What do different animal metaphors mean in crypto and investment?
For over a decade, cryptocurrencies have dominated the financial community, and their notoriety only continues to increase. The cryptocurrency world offers a wide range of investment opportunities, from trading large digital assets like Bitcoin and Ethereum to working and many more. But for many consumers, the market's extreme volatility and complexity can be intimidating. Really, the blockchain is something that is complicated and somehow difficult to understand. Every day, we get to hear new words and phrases. Sometimes using animalistic metaphors like "bull" or "bear," and a wide variety of other animal names is one of the unusual characteristics that cryptocurrency traders and investors have in common. And that is what we are going to look into today. What are the intended meanings of these terms? This article will provide an explanation of what some of these metaphors are in cryptocurrencies and general investing and why they are used.
Bulls
The term "bull" is used to describe market sentiment or market players who have a bullish perspective on the price of a certain cryptocurrency in the context of cryptocurrency trading and investment.
Market players who are bullish on a cryptocurrency's future price and predict an increase in it are referred to as such. They may decide to purchase and keep the cryptocurrency hoping its value will increase over time. These traders or investors are only positive about the market. Bulls will always believe market prices will go up.
Bears
Market players that are "bears" are negative about the price of a cryptocurrency and predict that it will fall in the future. They might either sell the cryptocurrency or engage in short selling, which is the process of borrowing a cryptocurrency, selling it, and then buying it back later at a reduced cost and giving it back to the lender hoping the price will drop. Bears are pessimistic investors who believe the price will go down at certain points.
Rabbits
These guys jump in and out of the market within short times, they most times time intraday traders or scalpers looking to make quick money in the span of hours or minutes, being a rabbit required 100% attention, carefulness, and courage because of the market’s high volatility, Rabbits don’t care much about long-term holding or investment, they just jump on, make profits and leave.
Tortoise.
These guys can be seen as the direct opposite of the rabbits mentions earlier, they care less about short-term investment, constantly looking above market fluctuations, and are always looking forward to the long-term performance of the market.
Chickens
Chickens will always avoid risks. They are the guys that will always want to play safe, but most times they get crushed even more than other animals. They tend to invest randomly and without any advice, following up on trends and the hype around any asset.
Unicorns
These are startup firms valued at more than $1 billion. Aileen Lee, a venture capitalist, came up with the phrase and chose the unicorn because of its rarity to accentuate the metaphor. Such fortunate endeavors do not, in fact, randomly appear every so often. We should also name decacorns ($10B+) and hectocorns ($100B+) to be consistent with the nomenclature.
Pigs
The Pigs only have one goal in mind: to make a lot of money. They are always willing to take on significant risks, ignoring the loss if the price moves contrary to their expectations, and will stop at nothing to ensure that they make enormous profits.
Hawks
They are always the close watchers, they analyze their trades closely and make a proper judgment before entering any trade or investment, Hawks don’t rush, they have all the time in the world to look into the market, and they are not playing it safe here, the market is so volatile and isn’t what should be rushed into, it is advisable for everyone who is getting into trading to adopt the hawk spirit and carefully study the market before making an investment.
Wolves
These guys will always take advantage of the loopholes in the market and make money unethically, Such investors manipulate the market for their own financial gain. They are the obvious bad guys behind the scenes, taking advantage of investors and crippling the blockchain’s reputation.
Ostriches
These guys are the market watchers; they sit idle waiting for updates, you can call them "missors"; they always miss when to enter and when to go out of the trade, Most of them often ignore negative impacts on their portfolio, they just sit and hope the market goes back to normal, and if it doesn't, they get into another.
Sharks
They work collectively to manipulate the market; they can actually inflate the price of obscure assets to lure in retail investors with the promise of high gains, Most times, early investors gain, but late investors are sometimes victims of rug pulls and losses.
Whales
This will be the last item on our list. They are the market makers, whales are people or institutions that hold a lot of a certain cryptocurrency. A crypto whale, which can be either an institution with deep pockets or an individual with extremely high net worth, is generally defined as an entity that holds enough digital currency to significantly influence market prices by trading significant amounts of coins and tokens. Crypto whales drive the price of assets up or down by placing large buy or sell orders.
In conclusion, the phrases "bulls" and "bears" are the most commonly used and are often used to describe market sentiment or market players who have a positive or negative view of the price of a certain cryptocurrency in the context of cryptocurrency trading and investment.
Market players who are bullish on a cryptocurrency's future price and predict an increase in it are referred to as such. They may decide to purchase and keep the cryptocurrency in the hopes that its value would increase over time.
Market players that are "bears" are negative about the price of a cryptocurrency and predict that it will fall in the future. They might either sell the cryptocurrency or engage in short selling, which is the process of borrowing a cryptocurrency, selling it, and then buying it back later at a reduced cost and giving it back to the lender in the hopes that the price would drop.
It is crucial to remember that market sentiment may shift suddenly and unexpectedly and that both bullish and bearish activities can have a big influence on a cryptocurrency's price. As a consequence, it's critical for investors to understand the market mood and weigh the risks and benefits of any investing choices.
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