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SpaceCrew Insights: Glossary of Trading and Crypto Animal Labels.

Since last week we started a mini-quiz dedicated to the mass adoption of crypto, we mentioned various arguments in favor of this statement, but we didn’t mention one - the acceptance of any phenomenon is reflected in a living language, overgrown with native metaphors, etc.
Let's take a look at one of the most popular groups - trading (not only crypto) glossary and the "animals" group. We’ll start with the simplest examples:

1. Only an absolute beginner would not have heard of the bull and the bear.

Bull market, bull trend, bull rally - these usually mark times of growth and expansion in the market.

The bear, on the other hand, seems to press down with its paws, pushing all charts to the ground.

These metaphorical labels were immortalized both on Wall Street in New York and next to the stock exchange building in Frankfurt.

2. Now let's dive into the ocean and see how crypto whales make liquidity in DeFi and CeFi.

A whale is quite a familiar term in the market for a player with an impressive stock of assets who is capable of seriously influencing the cryptocurrency exchange rate with their actions.

3. And if the whale is familiar to us, you may be surprised that some extended classifications suggest the presence of shrimps, crabs and dolphins. And we bet you didn't know there was something bigger than a whale, like a Humpback/Blue whale.

But enough splashing about in the water, let's get back to dry land, where we find other types of traders: deers, rabbits and even chickens!

4. The most impatient and rushed land dweller is definitely the rabbit. These types of traders prefer to do their business as quickly as possible and get all their profits in the shortest time possible.

5. Opposite to rabbits, there are the turtles. Remember the story - the quieter you go, the further you'll get. Turtles are never in a rush, they may be slow but these traders tend to make more considered decisions and win big profits in the long run. 

6. Pigs may seem like rabbits although pigs are usually less successful. They are impatient, greedy, emotional and prefer to take high risks. This set of traits usually leads to severe losses.

7. Chickens are more confident traders who make weighted decisions, stay away from risks and receive stable incomes. The secret behind their fearlessness is that they stick to conservative and riskless trading instruments.

8. ‘See nothing, hear nothing’ is the ostrich in a nutshell, especially during bad times. When it hits hard, ostriches reduce their activities to zero, wait till the market improves and hope that their portfolios will miraculously overcome all their troubles.

9. Those who strongly rely on copying the trading strategies of others are called sheep. Sheep don’t monitor the market and are last to adapt to changing conditions. The outcome of this is quite obvious – sheep usually stay behind the herd.

10. Ups and downs is how one could describe a dog’s life in the market. After a quick drop, a rapid recovery is expected. Just like pigs, dogs tend to make poor decisions and don’t perform well in the market. 

11. Stags keep away from big market players like whales and bulls. They follow their own path, always looking out for opportunities and unusual ways to make profits.

12. The market wouldn’t be complete without its very own bad guy, right? This role is fulfilled by the wolf. He is involved in all sorts of shady deals, scams and unfair strategies to move the market.

And as a bonus, let’s add to this list the unflattering hamsters. Despite uncomplimentary characteristics, real hamster did a pretty good job of predicting prices.

But let's not forget about the cats. In the current market situation, you often hear about the Dead Cat Bounce. Dead Cat Bounce is a term used to describe a temporary recovery during a bear market. It could either mean a temporary rise in the market in the midst of a bear move or it could refer to the behavior of specific stock.

From real animals, we move to fantasy creatures. Have you ever heard of ‘startup unicorns’? A unicorn is a startup that is valued at over $1 billion. The term was introduced by venture capitalist Eileen Lee who chose the unicorn label because their rarity reflects the uniqueness of some companies. Being known as a unicorn helps companies to increase their media exposure. But some go even further by distinguishing decacorns (companies worth $10+ billion) and hectocorns ($100+ billion). The most popular blockchain-based unicorns are Ontology, OmisGO, Qtum, TRON and VeChain. 

That’s pretty much it. We’d love you to share any other crypto and trading buzzwords that exist in your country and what they mean!