Either you are a Bitcoin Trader, an Investor or even a Crypto Enthusiast, you will get yourself muddled up in some Terms and abbreviation used when talking about Cryptocurrency if you don’t know their true meanings, especially if you frequent Reddit or you are a regular user of Facebook, Telegram, Twitter, Whatsapp, Steemit and crypto Trading forum like Bitcointalk to read latest news and happenings around crypto Community Traders and Investors.
You feel so awkward when you run into all these mysterious abbreviations, and somehow you don’t really get to understand the key meaning of information or knowledge you are trying to get if you if you cant figure out meanings to these important and common acronyms and terms used in crypto Community.
I have put together a huge list of all these abbreviations, terms and slang and their meanings, so even if you are new to the crypto scene or you just begin trading, you will be familiar with most of the slang used by the experts and it will help you to catch up real quick as you will understand a lot more better.
ALTCOIN = Short for Alternative Coin Simply means any Cryptocurrency other than Bitcoin. e.g Etherum, etc.
ATH = All Time High (It is the last highest price on any cryptocurrency price chart
ASHDRAKED = A situation where you lost all your money. This can happen in Trading or Investing.
BagHolder = A person who buys and hold coins in large quantity. In other words Large Investors.
Bear/Bearish = Negative price movement.
BTFD = Buy The F$cki$g Dip (an indication to buy a coin when it has dumped so hard). i.e when it has go low
BTC = Bitcoin
Bull/Bullish = Positive price movement.
Breakout = when market price moves passed a predefined support or resistance level.
BloodBath = When all the coin is going down
Correction = When coin is trying to balance price after major rise.
DAPPs = Decentralized Applications (these are Blockchain based app that run in an decentralized manner
DILDO = Long green or red candles. (this show movement in trading) green means profit and red means loss.
DIP = When coin is going down.
Dump = To Sell off a coin
Dumping: Downward price movement
DCA = Dollar Cost Averaging
DYOR = Do Your Own Research
FA = Fundamental Analysis
FIAT = U.S dollar and other traditional currencies like Euro, GBP, Naira, Ringgit, Riyal, Yen, etc.
FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it’s gonna pump more so you buy high)
FUD = Fear Uncertainty & Doubt
HODL = Hold/Hold a position (means to hold on to your coins and not sell it) situation when a coin is dumping.
JOMO = Joy Of Missing Out (situation when you don’t buy when coin is pumping because, it DIP so fast again).
Long: Margin bull position
MCAP = Market Capitalization
Moon = Continuous upward movement of price (when a coin is doing good i.e keep rising)
OTC = Over The Counter
Pump = Upward price movement (when coin keeps going up mostly due to manipulation)
Satoshi/Sats – the smallest unit of Bitcoin recorded on the blockchain (1 satoshi = 0.00000001 BTC).
SAJ #CANDLE = Huge green candle
$hitcoin = A coin with no potential value or use
Shill = someone who over hypes a cryptocurrency that is usually a scam.
Short = Margin bear position
Swing = Zig zag price movement (Upwards and downwards). When a coin is not stable.
TA = Technical Analysis
UAHF = User Activated Hard Fork
UASF = User Activated Soft Fork
REKT = When you have a bad loss
Resistance Level = a price point in which upward price movement is resisted due to market conditions.
Reverse Indicator = Someone who is always wrong predicting price movements.
RSI = Relative Strength Index
Whale = Very Wealthy trader/Market mover. (those that trade or invest higher usually those that manipulate).
ICO = Initial Coin Offering
Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
Other Common Slang and Terms Used in Crypo Worlds
Is a term for mathematical process that transforms a variable amount of data into a shorter fixed-length output. This term is used in cryptocurrency mining.
Successful act of hashing a transaction and adding it to the block chain (successful transaction).
This terms refers to the alteration of the underlying block structure of the cryptocurrency.
Mining involved using advanced computer hardware to solve complicated mathematical problems, all cryptocurrencies are mined.
Knowing these wont only let you understand more but if you are fluent with all these cryptocurrency Abbreviations and terms it will make you look like a professional and people will respect your opinion more. You can get yourself familiar with these Abbreviations and terms day by day simply bookmark this page in your browser so you can get easy access to it anytime anywhere. Hope this Helps and Happy Trading and Investing.