Crypto currency terms we all 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.
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Altcoin – Every cryptocurrency other than bitcoin
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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
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JOMO – Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin
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Moon – Where everyone wants their coin to go, up and into outer space
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Bag Holder – Someone who is holding a lot of coins in the hopes that it will go up in the future
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Shitcoin – A worthless and dead coin with no real value
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Dumping – Downward price movement or a decision to sell a coin
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DYOR – Do your own research
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FUD – Fear, uncertainty and doubt
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Whale – A super wealthy trader with a lot of money to spend
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Mining – The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power
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Long – A decision to hold onto a coin for the long term
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REKT – When a coin goes down sharply and you have a bad loss
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Lambo – The car that many people want to buy when they strike it rich
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Swing – When the price of a coin is moving up and down at a rapid rate
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Pumping – A coordinated effort to boost a coin by buying a lot of it all at once
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Bearish – When the sentiment on a coin is negative
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Bullish – When the sentiment on a coin is positive
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Exchange – Websites that allow you to purchase and sell cryptocurrencies
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FIAT – Any currency that is issued by a government
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TA – Technical analysis
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ATH – All-time high
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FA – Fundamental analysis
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MCAP – Market capitalization
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#ASHDRAKED A situation where you lost all your money.
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#BTFD Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
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DILDO Long green or red candles
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DUMP To Sell off a coin.
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SAJ CANDLE Huge green candle
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SHORT Margin bear position
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SWING Zig zag price movement (Upwards and downwards)
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REVERSE INDICATOR Someone who is always wrong predicting price movements.
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RSI Relative Strength Index.
Crypto currency terms we all need to know.
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.