2021-07-25 19:19:35
*Know the terms we use in crypto*
1. *HODL* – The act of holding on to a coin for the long term instead of selling it. Made famous by this epic post.
2. *Altcoin* – Every cryptocurrency other than bitcoin
3. *FOMO* – Fear of missing out. This happens when a coin is rising in value and you’re considering buying at a high price even though you might be too late
4. *JOMO* – Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin
5. *Moon* – Where everyone wants their coin to go, up and into outer space
6. *Bag Holder* – Someone who is holding a lot of coins in the hopes that it will go up in the future
7. *Shitcoin* – A worthless and dead coin with no real value
8. *Dumping* – Downward price movement or a decision to sell a coin
9. *DYOR* – Do your own research
10. *FUD* – Fear, uncertainty and doubt
11. *Whale* – A super wealthy trader with a lot of money to spend
12. *Mining* – The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power
13. *Long* – A decision to hold onto a coin for the long term
14. *REKT* – When a coin goes down sharply and you have a bad loss
15. *Lambo* – The car that many people want to buy when they strike it rich
16. *Swing* – When the price of a coin is moving up and down at a rapid rate
17. *Pumping* – A coordinated effort to boost a coin by buying a lot of it all at once
18. *Bearish* – When the sentiment on a coin is negative
19. *Bullish* – When the sentiment on a coin is positive
20. *Exchange* – Websites that allow you to purchase and sell cryptocurrencies
21. *FIAT* – Any currency that is issued by a government
22. *TA* – Technical analysis
23. *ATH* – All-time high
24. *FA* – Fundamental analysis
25. *MCAP* – Market capitalization
26. *#ASHDRAKED* A situation where you lost all your money.
27. *#BTFD* Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
28. *DILDO* Long green or red candles
29. *DUMP* To Sell off a coin.
30. *SAJ CANDLE* Huge green candle
31. *SHORT* Margin bear position
32. *SWING* Zig zag price movement (Upwards and downwards)
33. *REVERSE INDICATOR* Someone who is always wrong predicting price movements.
34. *RSI* Relative Strength Index.
Enjoy!!!
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