Crytocurrencies Teminologies and their meanings - A must know for all crypto's investors

If you invest in crypto it's important you learn and know these terminologies so that if someone uses it to chat with you, you can easily understand the meaning. I could remember a friend on facebook told to buy and hodl, then I was still new to crypto and I was like what does this dude mean? I didn't know what HODL in the phare means, I had to use google to find the meaning and guess what I found??

HODL Means - "Hold on for dear life" and in cryptocurrency world, that means buying a particular coin and keeping it till you're in profit.

Wondering how the acronym comes about? HODL appear for the first time on bitcoin talk forum in 2013 and was coming from a member by name Gamekyuubi under the thread "I AM HOLDING". See the screenshot below

From what he said in the screenshot above, it seems like he was drunk and was trying to tell others even though the price of the btc is dropping suddenly that he is still gonna keep his own till it rises again.

And since then, this misspelt word became more popular in the bitcoin and crypto world such that in a conversation whenever someone want to say he/she is holding or suggest to HODL, it means that they believe that someday in the future that their coins will be in profit.

Enough of the ranting

Here are most frequently used cryptocurrency terminologies which I and other crypto investors think you should know;

FOMO - Fear of missing out

ATH - All time high

ADDY - This stands for cryptocurrency wallet address or key

FUD - This means Fear, Uncertainty, Doubt

TO THE MOON - This means that the price of a cryptocurrency will someday rise

Continue reading...........

• Accumulation: Buying an asset to acquire a sizable position

• Airdrop: Paying crypto holders a free token based on the balance held in their wallet

• Altcoin: Alternative cryptocurrency that’s not bitcoin

• BTFD: Buy the f%$k’n dip

• BagHolder: Someone left holding an asset after the price crashed

• BearGrind: A slow choppy sell-off with very weak bounces

• BearTrend: Downwards price movement creating a series of lower highs

• BlackSwam: A random bearish news event

• Bots: trading algorithms

• Bounce play: When the price bounces up quickly after a dump

• Breakdown: Price dropping below support

• Breakout: Price moving up past resistance

• Bull trend: Upwards price movement creating a series of higher lows

• Buy wall: A large bid on the order book

• Buying pressure: Buying momentum building to push prices higher

• Capitulation: The final point in the market when the last bagholders sell their positions before a reversal

• Catching falling knives: the act of dip buying when the markets are on a downtrend

• Channel: A diagonal trading range between support and resistance

• Chop: Directionless price movement that lacks momentum

• Coin: a crypto asset used to secure a blockchain by rewarding miners

• Consolidation: A period of stability and sideways price action

• Continuation pattern: A technical pattern that often means continued movement along a price trend

• Contrarian: Going against the herd

• Crypto: short for cryptography or cryptocurrency

• Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain

• Dumb money: Over emotional traders or investors

• Dump: A sharp downwards price movement

• ERC20: A standard for creating ETH based tokens

• FOMO: Fear of missing out

• FUD: Fear uncertainty and doubt

• Fakeout: Price pretending to break support or resistance

• Flash crash: A large price dump that quickly bounces

• Hard fork: A blockchain upgrade that’s not compatible with older versions of the software

• Honey Badger: A term used to describe bitcoin’s resilience

• ICO: initial coin offering, when tokens are sold in a crowdsale

• Insta-mine: A coin launching with very small difficulty so the developers can get a large portion of the supply for cheap while trying to hide it’s a pre-mine.

• JOMO: Joy of missing out

• Leverage: increasing ones order size by borrowing coins

• Liquidation: when a market moves against a leveraged trader and they lose their entire position

• Long: Buying an asset

• Miners: people who run computers to secure transactions on a blockchain

• Momentum: Price movement

• Network split: when a blockchain splits into two separate blockchains as a result of hard forks

• Parabolic: when the markets shoot up very fast, usually before a dump and reversal

• Pre-mine: A launched coin where the developers start by keeping a % of the supply for themselves

• Price discovery: Buyers and sellers in the open market trading to establish a price

• Proof-of-stake: a form of mining that consists of holding a coin in a wallet

• Proof-of-work: a form of mining that consumes computational power and electricity

• Pump and dump: when traders push the price up high and immediately sell to crash the price

• Pump: when the price rises fast

• Resistance: A price area where sellers step in to push the price down

• Reversal: A change in price direction

• Salty Pleb: Used to describe jealous people who don’t own bitcoin

• Sell wall: A large ask on the order book

• Selling pressure: Selling momentum building to push prices lower

• Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment

• Short squeeze: closing out shorts due to a break of resistance and stops being triggered

• Short: Borrowing an asset to sell on the markets

• Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software

• Spoofing: When traders flash fake buy or sell walls

• Spoofy the bear whale: A mythical creature that traders use to blame for their bad trades
  Stop order hunting: When traders push the price to trigger stop orders