Every industry or profession has its own unique terms in its language. The crypto industry isn't an exception, and there are words and acronyms that are commonly used in discussions that new on-boarders may not be familiar with.
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Below are some of the most common abbreviations and terms used in crypto trading:
BTFD = Buy The F****ng Dip
DAO = ‘Decentralised Autonomous Organization’ - an organization that runs automatically without any human interventions through Smart contracts
Dapp = ‘Decentralized application’ that relies partly on blockchain for its functionality. It does not need to have a financial function. Dapps can be created using common programming languages like Javascript, PHP, or C#
DeFi = ‘Decentralized Finance’- a financial ecosystem consisting of various financial tools, apps, and services utilizing blockchain technology.
DEX Decentralized Exchange - an exchange where people can trade cryptocurrencies and tokens without the need for a middleman
DYOR = Do Your Own Research
FA = Fundamental Analysis
FOMO = Fear Of Missing Out
FUD = Fear, Uncertainty, and Doubt
HODL = Hold/Hold a position
MCAP = Market Capitalization
NFT = Non-fungible token - a token representing a unique asset, either digital or real-world assets.
OTC = Over The Counter
TA = Technical Analysis
Altcoins -> Any cryptocurrency other than bitcoin
Bag Holder -> A person who buys and holds low-value coins in large quantity hoping to make good profits in the future.
Bear/Bearish -> Negative price movement
Bull/Bullish -> Positive price movement
DILDO -> Long green or red candles
Dump -> To Sell off a coin
Long -> Margin bull position
Moon -> Continuous upward movement of price
Pump -> Upward price movement
REKT -> When you have a bad loss
Shitcoin -> A coin with little potential value or use
Short -> Margin bear position
Whale -> Very Wealthy trader/Market mover.
Weak Hand -> A coin holder who'll likely sell at the first sign of a dip in price.
Hope it helps, I've also discovered a thing or two myself!
More:
https://web.archive.org/web/20201124041713/https://blockspot.io/crypto-dictionary/
https://abbreviations.yourdictionary.com/articles/major-cryptocurrency-abbreviations.html
https://coinmarketcap.com/alexandria/glossary
