Crypto currency terms we all need to know.

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

  2. Altcoin – Every cryptocurrency other than bitcoin

  3. 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

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

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

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

  7. Shitcoin – A worthless and dead coin with no real value

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

  9. DYOR – Do your own research

  10. FUD – Fear, uncertainty and doubt

  11. Whale – A super wealthy trader with a lot of money to spend

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

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

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

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

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

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

  18. Bearish – When the sentiment on a coin is negative

  19. Bullish – When the sentiment on a coin is positive

  20. Exchange – Websites that allow you to purchase and sell cryptocurrencies

  21. FIAT – Any currency that is issued by a government

  22. TA – Technical analysis

  23. ATH – All-time high

  24. FA – Fundamental analysis

  25. MCAP – Market capitalization

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

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

  28. DILDO Long green or red candles

  29. DUMP To Sell off a coin.

  30. SAJ CANDLE Huge green candle

  31. SHORT Margin bear position

  32. SWING Zig zag price movement (Upwards and downwards)

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

  34. RSI Relative Strength Index.

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@Papilocsta123 posted 3 years ago

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