Know the common terms used in Crypto
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.
SHITCOIN
A worthless and dead coin with no real value.
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.
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 buy/hold onto a coin for the long term.
REKT
When a coin goes down sharply andyou 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.
FA
Fundamental analysis.
ATH
All-time high.
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
Zigzag price movement (Upwards and downwards).
REVERSE INDICATOR
Someone who is always wrong predicting price movements.
RSI
Relative Strength Index.