Popular cryptocurrencies terms and their Meanings

Most of us most have come across some CRYPTOCURRENCY words that sound weird, we may be asking our selves what does these terms means, expecially when you are on Twitter you hear words like FOMO, whales and the rest, well these Article will explore the terms and their meanings and these should help provide a strong foundation for those who are interested in learning and exploring more about the CRYPTOCURRENCY world.

Terms and their meanings

1.Altcoins- alternative coin as you may call it, these just digital currencies that are not bitcoin, that is they follow another Different set rules that is Different from that of bitcoin rules. Examples are Etherium, Ripple etc, there are more than 1000altcoin in the cryptophere.

2.Blockchain:- these is a distributed legdger system that consist of a series of blocks. These blocks contains verified Transaction and they are designed to be decentralized.

3.Bear:-

these is one word that is common among cryptocurrencies traders, it simply means a cryptocurrency Asset will decline in value.

4.BULL:-

these terms means that A cryptocurrency asset will rise in value.

5.FOMO:-

these is an abbreviation of the sentence " Fear of missing out", these mostly occur when Investors are buying a digital asset with the expectation that the digital asset will rise in value.

6.HODL:-

these is an abbreviation for " Hold on for dear life" the word hodl is used when ever there is significant price fluctuations in a digital asset.

7.Moon/mooning:- when ever a digital currency rises sharply in value it is know as mooning.

8.WHALE:-

these term is used to describe a trader who makes a very large Transaction that can potentially manipulate the CRYPTOCURRENCY market

9:White paper:-these are documents that offers comprehensive Information on the digital token and it underlying Technology.

10.REkt:- these is the term used whenever a trader lost substantial amount of money.