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Weird Cryptocurrency Terms.

If you’re crypto enthusiastic or trader or just active in the crypto community or if you want to learn about cryptocurrencies then you heard about some weird or unfamiliar words like HODL, FOMO, LAMBO… etc.

If you don’t understand what are these terms are? what is the usage of these terms? or you just curious about to know these terms, here we go… let’s look at some weird crypto market trading terms.

HODL.

HODL means HOLD or holding cryptocurrency weird right..?

HODL

There is a small story behind the word HODL. In 2103 Bitcoin Talk forum member named GameKyuubi wrote the post “I AM HODLING“.

He was drunk at the time of writing that post and wanted to convey the fact that he was holding his BTC despite the serious fall that had just happened, in that frustration movement he wrote HOLD as HODL.

The post goes viral and term HODL became popular in cryptocurrency world. Whenever a person says in a conversation that he/she is hodling or suggests to hodlit means that they believe their coin will be profitable one day, if not today.

Also, HODL means “Hold on for dear life”.

WHALE.

whale

Above picture comes to your mind if you hear word WHALE, but in the crypto world, there is a different meaning for this word.

Whale means a person who has huge investments in cryptocurrencies, these are people with many coins in the market.

Sometimes these people create manipulation in the market for their own benefits because they have a huge number of a coin.

FOMO.

FOMO means “Fear Of Missing Out“. The emotional response that makes people impulse to buy crypto at their high price.

FUD.

FUD stands for Fear, Uncertainty, Doubt. This term usually refers to investors who unsure about their investment.

JOMO.

JOMO means “Joy Of Missing Out”.

LAMBO.

LAMBO means a status symbol goal post or simply Lamborghini. It is an assumption that everyone who owns any amount of any coin will somehow be driving a Lamborghini within the next 6 months.

REKT.

This means an investor or trader who is utterly ruined and destroyed with losses from the current downfall of a price.

REKT

Also, REKT is a misspelling of “wrecked”.

CHOYNA.

It is a weird way of referring to China because China is a country which is immensely influential in the Bitcoin space, it has largely dominated mining and trading activities.

PUMP.

PUMP means upward price movement of a cryptocurrency.

DUMP.

It is a downward price movement of cryptocurrency.

BTFD.

BTFD means “Buy The Fucking Dip” this indicates to buy coin when it has dumped so hard.

ADDY.

Word ADDY means cryptocurrency public address (or key).

DYOR.

Full form of DYOR is “Do Your Own Research”.

If you want to invest in cryptocurrency better way is to do your own research rather than experts suggestion.

MOON.

When a coin gain quickly upward momentum as it keeps climbing in price, as in, “The price of this coin will one day go to the moon!”.

Moon

SHILL.

Shill means voluntarily endorsing a coin in public. If traders bought a new coin and they have an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin.

Laddering.

Setting incremental buy and sell orders.

Fill or Kill.

A limit order that will not execute unless an opposite order exceeds this limit order’s amount.

Shhh or Shit Coin.

A coin with no potential value or use.

SWING.

Swinging price movement of a coin or Zig Zag price movement.

MA.

MA means “Moving Average”. Moving average track helps people to understand the trend of a coin over time.

RSI.

The Relative Strength Index.

RSI is a momentum indicator that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements.

Bag Holder.

A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins.

These are some of the weird terms in the crypto community.

Hey, we are not finished yet, let’s look at some common terms in crypto community.

Common Terms.

Blockchain: A distributed digital public ledger where transactions and balances of a given cryptocurrency are recorded.

Altcoin: Altcoin means any coin that isn’t Bitcoin.

ATH: All Time High means the highest price a particular cryptocurrency has seen so far.

Correction: After hitting an all time high, a coin will generally enter a period of correction where it steadies out at a given price before rising again.

Bearish: A bear market is when the price trend is stagnant or downward.

Bullish: A bull market is when the price trend is upward.

DApp: A decentralized application, often stored on a blockchain.

DCA: Dollar cost averaging.

Market Cap: In cryptocurrency, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market.

ICO: Initial Coin Offering.

Hash: A hash algorithm turns a large amount of data into a fixed-length hash (a string of characters that acts as a cryptographic key).

Mining: Running software that cracks cryptographic puzzles and rewards you with coins for solving the puzzle.

POS: Proof-Of-Stake.

POW: Proof-Of-Work.

Node: Any computer that hosts the blockchain.

ROI: Return On Investments.

Satoshis (Sats): The smallest fraction of a Bitcoin is called a Satoshi.

Smart Contract: Software that acts as a contract.

TA: Technical Analysis.

TX: A transaction number.

These are all the common terms used in the crypto community and most of the common terms are taken from the Stock market.

Most of the weird cryptocurrency terms are used for fun and humor, I know still there are a lot of terms missing out if you know any fun or weird terms let me know about them in the comments below!

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