Common Terms Used In Crypto

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.