Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
Apeing is when a cryptocurrency trader buys a token shortly after the token project launch, usually without conducting thorough research. This can be harmful to the trader, as they may not be aware of potential risks if they hesitate to conduct due thoroughness.
The term apeing became prevalent during the 2020 "Defi Summer" when the sudden and impromptu token project liftoffs led to a small percentage of traders making noteworthy profits from purchasing those project tokens within a very small time frame after the preliminary launch. However, this can also be risky, as traders may not be aware of potential risks that could arise if they do not conduct proper research before investing.
Apeing is a term used to describe the low-intelligence action of blindly copying the investment behavior of others in the cryptocurrency space. By buying into any newly launched project without conducting proper research, investors are leaving themselves susceptible to falling victim to scams or bad investments. As a result, investors need to be aware of the risks associated with apeing and exercise caution when deciding where to allocate their funds.
Apeing can lead to herd mentality, whereby people buy into projects purely because others are doing so. This can lead to inflated prices and excessive market volatility, as inexperienced investors rush to purchase tokens without checking facts.