CRYPTO TERMS I JUST LEARNED

princeso (57)in #crypto • 8 years ago

Great Minds,
I stumbled on some crypto terminologies on a WhatsApp I just joined managed by @ewere Osaro. So by this post I shall be sharing these terms. I know most guys here are familiar with them but for some newbies like me who are always confused each time these words are mentioned, well this is an opportunity to know them. In fact I was excited when I discovered the terminologies that's why I immediately asked the author @ewere osaro for permission to make a post about it.

(Screenshot of chat with @Ewere osaro to allow me use the information)

CRYPTO ABBREVIATIONS, TERMINOLOGIES AND MEANING

ALTCOIN = Any crypto currency other than bitcoin.
ASHDRAKED = A situation where you lost all your money.
BAGHOLDER = A person who buys and hold coins in large quantity hoping to make good profits in the future.
BEAR/BEARISH = Negative price movement
BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
BULL/BULLISH = Positive price movement
DILDO = Long green or red candles
DUMP = To Sell off a coin
DUMPING = Downward price movement
DYOR = Do Your Own Research
FA = Fundamental Analysis
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
JOMO = Joy Of Missing Out
LONG = Margin bull position
MCAP = Market Capitalization
MOON = Continuous upward movement of price
OTC = Over The Counter
PUMP = Upward price movement
SAJ CANDLE = Huge green candle
SHITCOIN = A coin with no potential value or use
SHORT = Margin bear position
SWING = Zig zag price movement
(Upwards and downwards)
TA = Technical Analysis
REKT = When you have a bad loss
REVERSE INDICATOR = Someone who is always wrong predicting price movements.
RSI = Relative Strength Index
WHALE = Very Wealthy trader/Market mover

Some of these words were threat to me before, I misinterpreted and misapplied them initially due to lack of understanding of their meanings. Thank God for today I want am now more enlightened and to as many that were limited in these knowledge your doubts are now cleared.

Live sweet and enjoy

Thank you for reading

Your thoughts are welcomed