Join 91,569 users already on read.cash

Crypto Acronyms, Slangs and their meanings

0 24
Avatar for BitcoinCash247
Written by   145
5 months ago

Just as time and event evolves, some things go extinct and some emerges. The history of cryptocurrency and the Blockchain technology witness changes too. Some of these changes have given birth to new slangs, sectors of operations (DeFi, Play-to-Earn, Metaverse), and lots more.

If you are just getting involved in crypto-currencies or an already existed crypto currency user, you must have seen some words being spelt in a funny way or some abbreviations used across the ecosystem. At first I thought they were being misspelt until I realized there were just acronyms (slangs) being used to represent either a price action , an event, a season or a personality involved in cryptocurrency.

In this article, I'll be listing and briefly explaining some crypto acronyms. I bet you wouldn't want to stop reading halfway. Scroll down let's explore 🙂.

Crypto Acronyms and their meanings

FOMO - Fear over missing out

This acronym is usually associated with a bullish trend where an individual discovers he/she isn't in possession of the trending asset (cryptocurrency). In most cases especially the newbie case, the individual swing trades to the trending asset.

FUD - Fear, Uncertainty and Doubt

When there's doubt and uncertainty either in a price action or in a leadership, such is tagged FUD. This in most cases is not usually a good sign especially when the community gets influenced by it.

Whale

In the cryptocurrency ecosystem, one is said to be a whale if he is in possession of a large percentage of the total supply of the particular cryptocurrency. For example; Elon Musk being a doge coin whale.

DYOR - Do Your Own Research

The crypto-sphere sometimes is filled with speculations and uncertainty, real projects and fake projects. In such situations it is advised that every persons involved makes research about whatever project he/she wants to invest in.

HODL - Hold

In a normal term, one might suggest that, that is a spelling error whereas in relation to the crypto-sphere, it isn't an error but an acronym that means holding tight to a crypto asset without selling.

De-Fi - Decentralized Finance

A blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.

ICO - Initial Coin Offering

This term is usually used when a cryptocurrency industry is offering a form of presale initial to the launch of the project itself. In most cases, this is a strategy to raise funds to back up the development of the project involved.

ATH - All Time High

This is a price action where the price hits the highest position it's ever been.

ATL - All Time Low

The lowest price a crypto asset has ever been.

BULLS

This are crypto investors that believes in HODLing and buying more. The bulls create a bullish trend in a crypto market.

BEARS

In an opposite scenery, the bears are those who sell off their crypto assets and probably spread FUD in a crypto market.

ALTs - Altcoins

These are Bitcoin alternatives, In order words, coins that are not Bitcoin is called an altcoin for example; Ethereum, Bitcoin Cash, eCash.

Rekt - Recked

“Rekt” spelt to represent Recked means to sell the crypto too soon or too late without bagging a profit. Most times this usually occurs due to spread of FUD.

To The Moon

This phrase is usually used when a bullish price action is expected from a current crypto price chart.

Shitcoin

This is a type of crypto currency that has no utility and usually cheap to afford. In most cases, it is considered as a bad investment due to its lack of utility and long term worth.

Shill

A marketing strategy in crypto usually employed by crypto communities to win more members to itself. In real sense this, most times does not bring in real investors to the community.

I'll hang out here, leaving with you those few slangs and acronyms to digest if you are a newbie. There are more to this but I'll leave the comment box for you to include which ever of them that is not listed here.

Wait! Don't forget to hit the like button 🙂.

Sponsors of BitcoinCash247
empty
empty
empty

6
$ 1.75
$ 1.75 from @TheRandomRewarder
Sponsors of BitcoinCash247
empty
empty
empty
Avatar for BitcoinCash247
Written by   145
5 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments