- NGMI = Not Going to Make It
- ATH = All Time High
- Shill = The act of promoting a coin or NFT
When you first enter the world of cryptocurrency, it can be quite a confusing space to navigate. There are so many different terms and acronyms flying around that it’s easy to get confused. ATH is one of those words that can be easily overlooked as irrelevant, but once you understand what it means in crypto, you’ll see just how important it is.
It’s certainly not the most exciting word in crypto by any stretch of the imagination, but it does have its uses. Let’s take a look at what ATH means in cryptocurrency and how the various meanings might assist or hinder your trading activities.
What Does ATH Mean In Crypto?
ATH stands for All-Time High. It is used by traders to indicate the highest price that a coin has ever traded for. This means that at the time of the high, the market was excited about the coin, with traders believing that the coin was an attractive investment.
Therefore, if you see a coin’s ATH, you will know that the market was very bullish about the coin’s future at that time. When you see a coin’s ATH, you can make educated assumptions about the state of the market at that time. This will provide you with valuable context, allowing you to make better investment decisions.
Trading with the market, as opposed to against it, is the best way to succeed in the world of crypto.
What Does NGMI Mean In Crypto?
NGMI stands for Not Going to Make It. This term is often used when someone is making a poor trading decision hence the reason they are not going to make it – NGMI.
This term is also thrown around quite a bit when someone sells tokens or an NFT from a very strong community who believes the person selling is not going to make it since they sold.
What Does Shill Mean In Crypto?
Shill is a term used in online forums to indicate that the person is advertising or promoting something. In crypto, you’ll frequently see shill used to describe the promotion of an ICO. If someone is shilling an ICO, they are trying to get investors to part with their money through the promise of false profits. If you see someone shilling an ICO, you should ignore their advice, as it is unlikely to generate any profit for you.
The best way to avoid falling victim to shill is to use your common sense. If you see an ICO that promises to double your money in 90 days, it is likely that the ICO is a scam. If the ICO is highly rated on ICO listing sites, such as Token Authority, you can use this to help rule out shill.
How Will Knowing This Help You?
Knowing what the ATH is can help you in a number of ways. Firstly, ATHs are often used as buy and sell points. Traders will use the ATH as a buy point, expecting the coin to rise above its ATH. If the price does surpass the ATH, the trader will sell their coins and pocket some profit.
If the price fails to surpass the ATH, the trader will hold their position for a longer period of time, using the ATH as a sell point. If you know the ATH of a coin you have been trading, this can help you to keep a cool head when the market is plummeting.
As traders panic and sell their coins, hoping to cut their losses, you can use the ATH as a sell point to ensure that you don’t sell your coins too soon. Knowing the ATH of the coins you’re trading will help you to keep a level head during these times, allowing you to make more profitable trades.
ATH stands for All-Time High. When you see a coin’s ATH, you can make educated assumptions about the state of the market at that time. This will provide you with valuable context, allowing you to make better investment decisions.
Knowing the ATH of a coin can help you to keep a cool head during the market’s dips, allowing you to make more profitable trades. NGMI stands for Not Going to Make It.
Shill is a term used in online forums to indicate that the person is advertising or promoting something. In crypto, you’ll frequently see shill used to describe the promotion of an ICO. If you see someone shilling an ICO, you should ignore their advice as it is unlikely to generate any profit for you.