What is the connection between the name 'quid' and the cryptocurrency market? 🤔

3 answers

• Apr 30, 2022 · 3 years ago
  Quid is a slang term used in the cryptocurrency market to refer to one unit of a particular cryptocurrency. It is similar to how 'dollar' is used to refer to one unit of the US currency. So, when people talk about 'quid' in the context of cryptocurrencies, they are simply referring to one unit of that specific cryptocurrency. For example, if someone says 'I bought 10 quids of Bitcoin', they mean they bought 10 units of Bitcoin.
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• Apr 30, 2022 · 3 years ago
  The term 'quid' is commonly used in the cryptocurrency market as a way to refer to a specific amount of a cryptocurrency. It's similar to how 'bucks' is used to refer to dollars. So, when someone says 'I have 100 quids of Ethereum', they mean they have 100 units of Ethereum. It's just a casual and slang way of talking about cryptocurrency quantities.
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• Apr 30, 2022 · 3 years ago
  In the cryptocurrency market, the term 'quid' is often used as a colloquial way to refer to a specific amount of a cryptocurrency. It's like saying 'I have 50 bucks' instead of 'I have 50 dollars'. So, when someone says 'I own 5 quids of Litecoin', they mean they own 5 units of Litecoin. It's just a more informal way of expressing cryptocurrency quantities.
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