Cryptocurrency Terminologies You Need To Know

A cryptocurrency is a type of currency which uses digital files as money. Here are some cryptocurrency terminologies you need to know.

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HODL – The act of holding on to a coin for the long term instead of selling it. Made famous by this epic post.

Altcoin – Every cryptocurrency other than bitcoin

FOMO – Fear of missing out. This happens when a coin is rising in value and you’re considering buying at a high price even though you might be too late

JOMO – Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin

Moon – Where everyone wants their coin to go, up and into outer space

Bag Holder – Someone who is holding a lot of coins in the hopes that it will go up in the future

Shitcoin – A worthless and dead coin with no real value

Dumping – Downward price movement or a decision to sell a coin

DYOR – Do your own research

FUD – Fear, uncertainty and doubt

WHALE – A super wealthy trader with a lot of money to spend

Mining – The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power

Long – A decision to hold onto a coin for the long term

REKT – When a coin goes down sharply and you have a bad loss

Lambo – The car that many people want to buy when they strike it rich

Swing – When the price of a coin is moving up and down at a rapid rate

Pumping – A coordinated effort to boost a coin by buying a lot of it all at once

Bearish – When the sentiment on a coin is negative

Bullish – When the sentiment on a coin is positive

Exchange – Websites that allow you to purchase and sell cryptocurrencies

FIAT – Any currency that is issued by a government

TA – Technical analysis

ATH – All-time high

FA – Fundamental analysis

MCAP – Market capitalization

#ASHDRAKED – A situation where you lost all your money.

#BTFD – Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

DILDO: Long green or red candles

DUMP: To Sell off a coin.

SAJ CANDLE: Huge green candle

SHORT: Margin bear position

SWING: Zig zag price movement (Upwards and downwards)

REVERSE INDICATOR: Someone who is always wrong predicting price movements.

RSI: Relative Strength Index.

NODE: A Computer that validates transactions in Blockchain.

DEFI: Decentralized Finance

KYC: Know Your Customer (Identity Verification)

GAS: A fee that must be paid to execute any cryptocurrency transaction, especially in Ethereum Blockchain

COLD WALLET: An Offline Wallet.

FOMO: Fear Of Missing Out

HODL: Hold On Dear Life

WHALE: Someone with a lot of cryptocurrency

BULLISH: Expecting a Cryptos price to increase

BEARISH: Expecting a Crypto price decrease.






Update: There are now 100 Crypto Assets worth over $1 billion. That’s a new record as the market is touching new highs.

100 Crypto Assets worth over $1 billion

This entails that, the market is coming for the Gold Market cap. Wealth transfer is opening real time.

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