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I just realized that many people don't really understand what 1K means on social media. I had the same experience when I started seeing crypto prices and huge numbers on YouTube. Basically, K comes from "kilo" and means thousand, so 1K = 1k. Easy, right?
But things get interesting when you level up. 1M is a million (1k,000), and 1B is a billion (1M,000). Most people confuse this because the numbers look the same but with more zeros.
In trading and anywhere you handle large numbers, you need to know this. If someone tells you "that token moved 100K in volume," it's 100k. If you see "5M users," that's 5 million. It really changes the perspective, doesn't it?
What surprises me is that in crypto you see these terms all the time, and most new users don't grasp them well. So if you're entering the game, learn this table: 1K is a thousand, 1M is a million, 1B is a billion. With that, you already understand 90% of what you read out there.