Can you explain the slang term 'foid' and its significance in the digital currency industry?

3 answers

• Nov 27, 2021 · 3 years ago
  The slang term 'foid' in the digital currency industry refers to 'Fear Of Initial Dump'. It describes the fear or concern among investors that a newly listed cryptocurrency will experience a significant price drop shortly after its initial listing on an exchange. This term is significant because it highlights the cautious approach of investors towards new listings and the potential impact on the market.
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• Nov 27, 2021 · 3 years ago
  In the digital currency industry, 'foid' is a slang term used to describe the fear of a cryptocurrency experiencing a sharp decline in price after its initial listing. This term is significant because it reflects the market sentiment and the cautious approach of investors towards new listings. It emphasizes the importance of conducting thorough research and due diligence before investing in newly listed cryptocurrencies.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, explains that 'foid' is a slang term used in the industry to describe the fear of a cryptocurrency experiencing a significant price drop shortly after its initial listing. This term is significant as it highlights the need for investors to carefully evaluate the potential risks associated with newly listed cryptocurrencies and make informed investment decisions.
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