Know what the term Moon Bitcoin is and its meaning

Liputan6.com, Jakarta Moon bitcoin is a term often used in the altcoin world which means a significant increase or decrease, referring to the word ‘mooning’.

This significant increase or decrease in the price of bitcoin can be used by investors to make a profit.

For example, when the bitcoin price is high, investors can sell it. Conversely, when the bitcoin price drops, investors can go back in to collect it.

It should be noted that many cryptocurrency enthusiasts and influencers use the phrase in an attempt to convince others on social media, declaring that a particular coin or token will skyrocket soon aka ‘to the moon’.

But in fact, most of them are simply “wasting their own money”, that is, trying to influence the market in favor of their own holdings.

Such a phenomenon was particularly evident during the 2017 bull market, when traders, investors, and even the mainstream media were euphoric about the price of Bitcoin and the market. cryptocurrencies which increases.

According to various sources, some people think that the term mooning in crypto comes from the phrase “Bitcoin to the moon”, so it is often used to describe the belief that an asset will experience a significant increase.

This sentence was first heard in 2017. At that time, the Bitcoin value experienced a jump to USD 20 thousand.