If you invest in crypto it's important you learn and know these terminologies so that if someone uses it to chat with you, you can easily understand the meaning. I could remember a friend on facebook told to buy and hodl, then I was still new to crypto and I was like what does this dude mean? I didn't know what HODL in the phare means, I had to use google to find the meaning and guess what I found??
HODL Means - "Hold on for dear life" and in cryptocurrency world, that means buying a particular coin and keeping it till you're in profit.
Wondering how the acronym comes about? HODL appear for the first time on bitcoin talk forum in 2013 and was coming from a member by name Gamekyuubi under the thread "I AM HOLDING". See the screenshot below
From what he said in the screenshot above, it seems like he was drunk and was trying to tell others even though the price of the btc is dropping suddenly that he is still gonna keep his own till it rises again.
And since then, this misspelt word became more popular in the bitcoin and crypto world such that in a conversation whenever someone want to say he/she is holding or suggest to HODL, it means that they believe that someday in the future that their coins will be in profit.
Enough of the ranting
Here are most frequently used cryptocurrency terminologies which I and other crypto investors think you should know;
FOMO - Fear of missing out
ATH - All time high
ADDY - This stands for cryptocurrency wallet address or key
FUD - This means Fear, Uncertainty, Doubt
TO THE MOON - This means that the price of a cryptocurrency will someday rise
Continue reading...........
Accumulation: Buying an asset to acquire a sizable position
Airdrop: Paying crypto holders a free token based on the balance held in their wallet
Altcoin: Alternative cryptocurrency that’s not bitcoin
BTFD: Buy the f%$k’n dip
BagHolder: Someone left holding an asset after the price crashed
BearGrind: A slow choppy sell-off with very weak bounces
BearTrend: Downwards price movement creating a series of lower highs
BlackSwam: A random bearish news event
Bots: trading algorithms
Bounce play: When the price bounces up quickly after a dump
Breakdown: Price dropping below support
Breakout: Price moving up past resistance
Bull trend: Upwards price movement creating a series of higher lows
Buy wall: A large bid on the order book
Buying pressure: Buying momentum building to push prices higher
Capitulation: The final point in the market when the last bagholders sell their positions before a reversal
Catching falling knives: the act of dip buying when the markets are on a downtrend
Channel: A diagonal trading range between support and resistance
Chop: Directionless price movement that lacks momentum
Coin: a crypto asset used to secure a blockchain by rewarding miners
Consolidation: A period of stability and sideways price action
Continuation pattern: A technical pattern that often means continued movement along a price trend
Contrarian: Going against the herd
Crypto: short for cryptography or cryptocurrency
Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain
Dumb money: Over emotional traders or investors
Dump: A sharp downwards price movement
ERC20: A standard for creating ETH based tokens
FOMO: Fear of missing out
FUD: Fear uncertainty and doubt
Fakeout: Price pretending to break support or resistance
Flash crash: A large price dump that quickly bounces
Hard fork: A blockchain upgrade that’s not compatible with older versions of the software
Honey Badger: A term used to describe bitcoin’s resilience
ICO: initial coin offering, when tokens are sold in a crowdsale
Insta-mine: A coin launching with very small difficulty so the developers can get a large portion of the supply for cheap while trying to hide it’s a pre-mine.
JOMO: Joy of missing out
Leverage: increasing ones order size by borrowing coins
Liquidation: when a market moves against a leveraged trader and they lose their entire position
Long: Buying an asset
Miners: people who run computers to secure transactions on a blockchain
Momentum: Price movement
Network split: when a blockchain splits into two separate blockchains as a result of hard forks
Parabolic: when the markets shoot up very fast, usually before a dump and reversal
Pre-mine: A launched coin where the developers start by keeping a % of the supply for themselves
Price discovery: Buyers and sellers in the open market trading to establish a price
Proof-of-stake: a form of mining that consists of holding a coin in a wallet
Proof-of-work: a form of mining that consumes computational power and electricity
Pump and dump: when traders push the price up high and immediately sell to crash the price
Pump: when the price rises fast
Resistance: A price area where sellers step in to push the price down
Reversal: A change in price direction
Salty Pleb: Used to describe jealous people who don’t own bitcoin
Sell wall: A large ask on the order book
Selling pressure: Selling momentum building to push prices lower
Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment
Short squeeze: closing out shorts due to a break of resistance and stops being triggered
Short: Borrowing an asset to sell on the markets
Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software
Spoofing: When traders flash fake buy or sell walls
Spoofy the bear whale: A mythical creature that traders use to blame for their bad trades
Stop order hunting: When traders push the price to trigger stop orders
