COMMONLY USED TERMS IN CRYPTOCURRENCY

The cryptocurrency industry is gradually imprinting itself in the hearts of crypto -enthusiasts, creating words and slogans that sets it out among other industries. They are some terms you should know and acclimatize yourself with in this exciting world of cryptocurrency, some of the words and meaning are listed below;

ALTCOIN = Any cryptocurrency 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 going 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

REVERSE INDICATOR = Someone who is always wrong predicting price movements.

RSI = Relative Strength Index

WHALE = Very Wealthy trader/Market mover

so next time some one around you says ‘FUD’ or FOMO’ just smile because you know what it means!