Blockchain is a new technology which is getting a lot of popularity recently with more and more people joining in for different reasons. So, it doesen't matter if it's a quick buck, a long term investment in digital assets or perhaps a vision that aligns with your values, at some point you are going to see some of this abbreviations if you are in the crypto space.
Below i have listed 25 most used abbreviations in cryptocurrency space, together with their meaning and if you want me to expand on any of those, let me know and i will do it in future posts.
HODL = Hold/Hold a positionJOMO = Joy Of Missing OutFOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)ICO = Intial coin offering (equivalent of IPO in stock market)Dump = To Sell off a coinPump = Upward price movementTA = Technical analysisFA = Fundamental AnalysisFUD = Fear Uncertainty & DoubtRSI = Relative Strength IndexMCAP = Market CapitalizationOTC = Over The CounterDYOR = Do Your Own ResearchBag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.Altcoins = Alternate cryptocurrency; anything other than bitcoinShitcoin = A coin with no potential value or useMoon/Mooning = Continuous upward movement of price (reaching the moon)Bear/Bearish = Negative price movementBull/Bullish = Positive price movementShort = Margin bear positionLong = Margin bull positionWhale = Very Wealthy trader/Market mover.Weak Hand = A coin holder prone to selling at the first sign of a dip in price.Reverse Indicator = Someone who is always wrong predicting price movements.Swing = Zig zag price movement (Upwards and downwards)I hope this will help you through your crypto journey.
If you know any other terminologies please leave them in the comment section below and i will add them to the list!