DEFINITION of CHOYNA
Choyna is a misspelling of “China”. An intentionally distorted way of referring to China.
WHAT IT IS IN ESSENCE
Many people in China have invested in bitcoin and other cryptocurrencies making them very influential on cryptocurrencies.
One day, if you decide to become a cryptocurrency trader you’ll be faced with some jargon.
Anyway, your first thought can be that it is necessary to know terminology in order to communicate. And understand what other people talk about.
Therefore you may enjoy some trading chat room.
So, you will go from one to the other trying to understand what these people are telling at all. And you will not be able to understand any of their conversations. The people inside are using jargons and terminologies that you had not ever heard in your life. Such one is CHOYNA!
You recognize this situation, do you?
If you are new to Bitcoin and the cryptocurrencies, you may not know what any of these words mean.
You must have noticed people misspelling “HOLD” as “HODL” even when they have an auto-correct feature on their phones or computers. Have you?
It’s the same with CHOYNA.
HOW TO USE
The point is that in these crypto communities, offline or online, a new breed of lingo has developed. If you don’t know these jargons, you might feel left out and more than a bit puzzled.
Slap an accent on the word “China” and you have “Choyna”, with this distortion on the word obviously still referring to the powerhouse nation from the Far East. The reason why you’ll here Choyna mentioned is because China stands as the country where the most Bitcoin trading and mining activity occurs. The term actually emerged from a bitcoin trader called “Flibbr”, who turned the phrase in a way to mock US President Donald Trump.