Meaning of "I got bitten"
This refers to a situation where, after the market price has fallen significantly below the purchase price, resulting in a loss, the investor is unable to cut their losses easily and ends up holding the position involuntarily for an extended period.
"I thought that stock would turn a profit early on, but when I ended up stuck with it, I couldn’t sell it for a while and just held on."
Related slang words
Mindless buyingThis refers to an investment behavior in which investors blindly follow others' buying decisions without any analysis or judgmentMeme coinThis refers to cryptocurrencies that originate from internet memes, trending jokes, or online community culture, and whose prices are prone to sharp fluctuations based on public interest and participation.Hard forkWe are implementing a major technical change that introduces rules incompatible with the existing blockchain, thereby splitting the same network into separate new chains for operation.altcoinA collective term for all cryptocurrencies other than BitcoinSeed moneyThis refers to the initial capital invested at the start of an investment, such as in cryptocurrency, or the seed money used to get started.DeFiThis refers to a decentralized financial service (or ecosystem) that allows users to deposit and lend assets on a blockchain, exchange interest and trading profits, and generate returns—all without the need for centralized financial institutions.Half-lifeA period or phenomenon in a blockchain network during which the amount of mining rewards is halved at regular intervals, which can slow the rate of new supply and thereby affect pricesStablecoinIt is a virtual asset designed to reduce price volatility by pegging its value to specific assets, such as the U.S. dollar, at a 1:1 ratio.