To establish yourself in the Web3 world, you first need to learn the language of the industry. This is not only about understanding what others are saying but more importantly about reading the true market sentiment between the lines.

After experiencing countless cycles and baptisms, we have found that those who truly make money are often not the luckiest, but those who understand the "hidden rules" of the market most deeply. Today, let's break down the core terms you must master in the 2026 Web3 practical scenarios.

**The Two Extremes of Market Sentiment**

Behind market trends, everything is driven by two emotions: FOMO and FUD.

FOMO stands for "Fear Of Missing Out." You may have experienced moments like this — watching a coin skyrocket, feeling restless, and rushing in without thinking. At this point, you are already driven by FOMO.

The other extreme, FUD, represents "Fear, Uncertainty, Doubt." Usually, a negative news story or a false rumor is enough to trigger panic selling in the market. Often, the authenticity of this information is hard to verify, but the market's reaction is very real.

Experienced investors learn to counteract these two instincts — neither blindly chasing gains nor overreacting.

**The People Who Stir the Waves — Whales**

Whales refer to addresses or individuals holding large positions in a certain asset. A small buy or sell can cause a huge ripple in the market. That’s why many advanced players track whale addresses daily — because their actions often hint at something significant.

But remember, whales can also be stranded. Tracking them can provide reference, but it should never be the sole basis for your investment decisions.

**The Dual Nature of Trends and Opportunities**

Bear markets and bull markets represent long-term downward or upward trends. Many people used to think a bear market was a disaster, but recent cycles have taught us: bear markets are times for building and accumulating, while bull markets are seasons for harvesting and realizing gains. This shift in understanding makes investment mindsets more calm and rational.

**The Ultimate Scam You Must Beware Of — Rug Pull**

A Rug Pull refers to a scam where project teams suddenly abandon the project and run away with liquidity funds. After years of market lessons, the community has developed many ways to identify red flags, but new variants of scams keep emerging. Learning to recognize warning signs in projects is always the best way to protect yourself.

Mastering these terms and the logic behind them will allow you to truly integrate into the Web3 world, rather than blindly groping in this jungle of digits.