If you are new to the Cryptocurrency world you will need to learn a whole new language. I recently started investing in Cryptocurrency late December 2017. Since then i have had to do my research and learn all the new terms and really a new language to understand how to properly invest.
So here are a few common word or phrases that are used in the croptocurrency world.
FUD- Fear, Uncertainty, Doubt
FOMO- Fear of missing out
ICO- Initial coin offering-Mainly a projects fundraising mechanism to sell their crypto coin
Whale- A wealthy group of investors who pump up a coin.
Alternate coin(Altcoin)- All coins that are not Bitcoin
Hodl- A means of holding a coin for a period of time.
Pump and Dump- When a coin is hyped up and is increases the coin and then sells quickly.
If any veterans have anymore terms to add please comment below.
I hope this helps any new crypto newbie and welcome to the cryptocurrency world.
P.S Coinmarketcap.com will be your best friend!!
Sources:
https://medium.com/the-mission/21-terms-to-understand-cryptocurrency-8bee30aa8dfc
https://www.smallcapasia.com/what-is-fud-hodl-or-fomo-in-cryptocurrency-lingo-find-out-more-here/
