The cryptocurrency industry is gradually imprinting itself in the hearts of crypto -enthusiasts, creating words and slogans that sets it out among other industries. They are some terms you should know and acclimatize yourself with in this exciting world of cryptocurrency, some of the words and meaning are listed below;
ALTCOIN = Any cryptocurrency other than bitcoin.
ASHDRAKED = A situation where you lost all your money.
BAGHOLDER = A person who buys and hold coins in large quantity hoping to make good profits in the future.
BEAR/BEARISH = Negative price movement
BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
BULL/BULLISH = Positive price movement
DILDO = Long green or red candles
DUMP = To Sell off a coin
DUMPING = Downward price movement
DYOR = Do Your Own Research
FA = Fundamental Analysis
FOMO = Fear of Missing Out (A coin is pumping and you get the feeling it’s going pump more, so you buy high)
FUD = Fear Uncertainty & Doubt
HODL = Hold/Hold a position
JOMO = Joy Of Missing Out
LONG = Margin bull position
MCAP = Market Capitalization
MOON = Continuous upward movement of price
OTC = Over The Counter
PUMP = Upward price movement
SAJ CANDLE = Huge green candle
SHITCOIN = A coin with no potential value or use
SHORT = Margin bear position
SWING = Zig zag price movement (Upwards and downwards)
TA = Technical Analysis
REVERSE INDICATOR = Someone who is always wrong predicting price movements.
RSI = Relative Strength Index
WHALE = Very Wealthy trader/Market mover
so next time some one around you says ‘FUD’ or FOMO’ just smile because you know what it means!
