When i recently started bitcoin investment and cryptocurrency trading, it led me towards joining different types of cryptocurrency investment and trading chat-rooms on telegram, as well as on reddit. This i did in search of a way to fully learn how to make money fast online with crypto-coins.
At that stage, i discovered that most of the cryptocurrency terminologies like HODL which means, HOLD, is been used in those chat groups, and those cryptocurrency trading terms are totally different from normal normal English terms.
At first, i thought it’s just plenty of misspellings and many other assumptions, but after numerous times of searching those terms in dictionaries and on Google, i came to realize that those terms actually, are only used in those telegram groups and cryptocurrency world.
I had to start digging through groups again, to learn those terms as to be conversant with other crypto enthusiasts, so in this blog content, am going to list out the ones i managed to learn with their meaning respectively.
Let’s get started… See all the popularly used cryptocurrency terms and definitions below.
Firstly, What is HODL?
It was assumed that he was drunk, while trying to convey the fact he’s still holding his bitcoin investment despite all time serious fall of the token that happened as at then.
Since that incident, the misspelled word HODL (Hold On for Dear Life), is popularly used to indicate when someone holds their token assets for future profit.
Fear Of Missing Out (FOMO), is the term used when a person is having fear of missing out on the profit of an investment.
All Time High is used to indicate that a certain token has broken all of its past record while trading at its highest price per asset.
This is normally used as BEARISH to place the fact that a token is on its down-trend (rapid price fall).
It is used by most gambling people, and it means a trader with fat account – especially, the one who thinks the market will be bearish. They are known as Bullish Whales, while Bearish Whale are those ones who believe the price of a token will fall within a specific period.
This is when any of the bitcoin investors HODLs an asset an asset for a very long time and had to bear the consequences of holding it for that long. This mostly happens when an exchange de-lists a cryptocurrency from its trading platform.
This is simply a misspell of the word, ‘Wrecked’. This refers to the situation when a trader is totally ruined or destroyed from loses from current downfall of a token asset price.
This is the term used to say that a cryptocurrency is experiencing an upward momentum as it keeps rising in price.
This refers to public address (or public key) of a DApp token.
This is known as Fear Uncertainty and Doubtswhich is usually heard from investors who are not sure of what will happen next in the price movement of a cryptocurrency.
This is used to refer to China as the country which is immensely influential in the cryptocurrency space with its large number of individual mining and trading activities.
Used to refer to other cryptocurrencies aside Bitcoin and Ethereum.
Used to refer to that situation where you’ve lost all your money.
Buy The F**king Dip (used to tell investors to buy in dumps)
Lol… funny, but it’s not what you’re thinking anyway. It means long green and red candles on the chart graphs.
To sell off a coin or token
Downward price movement
Do Your Own Research
Joy Of Missing Out. It is used when a trader is lucky and also happy to take profit right before a sudden change in price action – mostly happens in price downfall.
Margin bull position
Margin bear position
Over the counter
Upward price movement
A coin with no potential value or use
Zig Zag movement of price (i.e. Upwards and Downwards)
When someone is always wrong in predicting price movements.
Note: these terms are mostly used for humor in those chats, and on no account should i be held responsible for the exact meaning, because we’re all still learning the same terms.
Cryptocurrency terms are used to state the current situation of the entire market alongside the strategies that are involved in the cryptocurrency world. By the way, if there’s any cryptocurrency term we omitted in this post, please do notify me, so it will be added ASAP (i.e. As Soon As Possible).
Make sure to always have your cryptocurrency investments stored in a hardware wallet. I recommend getting Ledger Nano S or Ledger Nano X from the official website. If it will be costly for your current budget, you can try to atleast download any of the mobile software wallets that can store your crypto assets offline.
Don’t leave your cryptocurrencies in an exchange for too long, because you can loose your investment instantly if there happens to be a hack on the platform. And there is no way you can retrieve it because you also do not have any access to the private keys.