One of the things that aroused my curiosity about digital currencies and mining is my frequent hearing of animal names that were designed in the field of crypto trading . At first, I have no background about these names, nor am I well versed in this field, because frankly, I got to know this field on the Publish0x platform, although I knew there was Bitcoin beforehand , to be honest, it was the only cryptocurrency I was familiar with, if I may say so. The world of money and trading frankly does not impress me, because I entered the publish0x for the sake of writing, I love literature, writing and reading, well I do not want to bother you with my favorite hobbies so that you can continue reading this article and don't get bored meanwhile.
Anyway , after researching and following many of you, I learned many things through your articles, and I do not want to mention names in order not to anger anyone, though I assume that most best crypto writers are known here to everyone, and since you know that I am a peaceful and dreamy girl , of course I mean those who read my articles, then , i can't mention the names by no means . I really learned and am still learning from the publish0x community and trying to understand the field of crypto currency trading, and mining, thanks to all of you guys . However, I wonder always about the animal attributes in the world of digital assets and crypto in general. For instance: Bear Market, Bull Market,Shiba Inu, Dogecoin..
- A Bear Market: the term bear is familiar to me, but bear market?!! Seem strange until I understand that a Bear Market is defined as a period of time when supply is greater than demand, confidence is low, and prices are falling. Therefore, pessimistic investors who believe that prices will continue to fall are referred to as "bears" why still don't get it . Bear markets can be difficult to trade especially for inexperienced traders,and that can be affected by many external factors such as economic growth, investor psychology, and world news or events. Clear enough be it to me now, except of course, the animal name, why "bear" specifically, what is reason behind choosing such wild animal, no offense dear bear...!!
-A Bull Market: again the word "bull" is known as an animal used in Spanish Corrida, that's cool yeah , until I find out that a Bull Market, or Bullish trend, is defined as a period of time when the majority of investors are buying, demand is outpacing supply, market confidence is rising, and prices are rising. If, in a particular market, you see prices rapidly heading higher, it could be a sign that the majority of investors are becoming bullish or "hopeful" about increasing the price further, and it could mean that you are looking at the beginning of a bull market. Here things become more palpable partially but still questioning myself why those people choose the bear and bull instead of other cute animals, pleasing, don't you think so ?!!!
-The Shiba Inu :it is a decentralized cryptocurrency that was created in August 2020, by a person or group of anonymous people known as Ryoshi. This currency is represented by the symbol SHIB on the trading platforms. In fact, the Shiba Inu is a Japanese term for a breed of dog, it is a very special dog, though I don't see that, I prefer a husky instead, beautiful and intelligent . This dog, Shiba Inu was used as a symbolic image for the Dogecoin coin that originated as a joke and then became very popular. In fact, isn't the First Coin Inspired by a Meme: As soon as you mention cryptocurrencies inspired by a meme, the first coin that comes to mind is Dogecoin which was the main catalyst for the developers of the Chiba coin, which its developers called (the Doge Coin Killer), which intrigued me more, why killer?!!! 🤔
-Dogecoin: is a cryptocurrency that was launched as a joke invented by software engineers Billy Marcus and Jackson Palmer, who decided to create an instant and fun payment system devoid of traditional bank fees. Dogecoin is distinguished by its use of the face of a Shiba Inu dog as its logo. It appeared for the first time on December 6, 2013 and soon had its own community on the Internet.
I know that I didn't really add something new to your mining or crypto knowledge, but, the point of my writing of this article lies in my curiosity about the names of coins and markets and their relationship with animals that trigger me , I wish I could read in the minds of those inventors or programmers so as to figure out how they thought about the animal attributions and what were the reasons to choose some ones instead of other pets and if those attributions have some specific connotations. I am not against the attributions, yet, my curiosity is not nourished enough to stop this question that echoes in my brains.
Maybe it's not a big deal for most of you to know, but I would like to receive feedbacks if some of our brilliant crypto writers would clarify this matter, maybe some did it before but I am not aware of it, because I am somewhat a newbie . Anyhow, this is just a moment of meditation about the insertion of animals in the crypto world. If there is a clear explanation of it, I would be glad to read about it.
Thanks for taking time to read.
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