What does “apeing crypto” mean? - Crypto in Plain English - Episode 239 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it29 Elo 2022

What does “apeing crypto” mean? - Crypto in Plain English - Episode 239 - by cryptohunt.it

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

Bored Apes, Ape Coin… What’s up with all the monkeys in crypto?

Well, they are all named after a crypto term called “apeing”.

Apeing means taking an abnormally large and risky position in a crypto investment. If someone says: “I just aped into Bitcoin”, they mean that they just bought an irrationally large amount of it, hoping their speculation will work out.

It’s not entirely clear where the word comes from, but we ensure you that apes are probably smarter than some of those investors. Apeing is nothing other than gambling, and seeking public attention while doing it.

We prefer doing your own research and making smart decisions that play out in the long term - but in the end it’s really up to you!

Talking about smart decisions - if you want to listed to all 5 episoded of this week already - check out our parteon account to get early aceess under www.patreon.com/cryptoinplainenglish. Thanks so much already if you end up supporting us that way!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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