What is the meaning of 'poggy' in the context of cryptocurrency?
Graversen SnowMay 06, 2022 · 3 years ago3 answers
In the context of cryptocurrency, what does the term 'poggy' mean?
3 answers
- May 06, 2022 · 3 years agoThe term 'poggy' is a slang term used in the cryptocurrency community to refer to a cryptocurrency that has experienced a significant increase in value. It is often used to describe a coin or token that has made investors a substantial amount of money. For example, if someone says 'Bitcoin was poggy last year', they mean that Bitcoin had a significant price increase and was profitable to invest in. It's important to note that 'poggy' is not a widely recognized term outside of the cryptocurrency community.
- May 06, 2022 · 3 years agoIn the context of cryptocurrency, 'poggy' is a term used to describe a cryptocurrency that has performed exceptionally well in terms of price appreciation. It is similar to the term 'moon' or 'to the moon', which means that the price of a cryptocurrency is skyrocketing. So, if someone says 'Bitcoin is poggy right now', they mean that Bitcoin's price is surging. However, it's worth mentioning that 'poggy' is not a formal term and is mainly used in informal discussions among cryptocurrency enthusiasts.
- May 06, 2022 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that 'poggy' is a slang term commonly used by traders and investors to describe a cryptocurrency that has experienced a significant price increase. It's similar to the term 'bullish', which means that the market sentiment is positive and prices are rising. So, when someone says 'Ethereum is poggy', they mean that Ethereum's price has gone up significantly. However, it's important to note that 'poggy' is not a widely recognized term and is mainly used within the cryptocurrency community.
Related Tags
Hot Questions
- 78
What is the future of blockchain technology?
- 72
How does cryptocurrency affect my tax return?
- 56
What are the advantages of using cryptocurrency for online transactions?
- 51
Are there any special tax rules for crypto investors?
- 31
What are the tax implications of using cryptocurrency?
- 28
How can I minimize my tax liability when dealing with cryptocurrencies?
- 16
What are the best practices for reporting cryptocurrency on my taxes?
- 13
How can I buy Bitcoin with a credit card?