Beginners Guide To Cryptocurrency Slang Terms - Part 1

When I started getting into cryptocurrency and began to frequent the various forums and webpages I noticed allot of the same "slang" words appeared frequently. Chances are if you been into cryptocurrency for any amount of time you heard all these terms below before.

If you are just joining the crypto craze then ( first of all welcome it is addictive ) you will find the info below very useful.

Likely the most popular slang term is " HODL " which is an acronym for "Hold On For Dear Life". You will here this allot. You are more or less are being told to hold your investment and not to sell. The person typing HODL also could be indicating that they themselves are a holding for long term profits.

Another just as popular Slang term you will hear is " FUD ". People use this word when describing or dismissing false rumors and negativity towards an investment they have made.

"Whale", this is a person that owns allot of cryptocurrency. They can influence the market due to the amount of coins they buy and sell.

And we can't forget about " Pump And Dump ". This phrase is used to describe the act of a group of people who get together and decide to buy ( Pump ) a certain coin. This creates demand in the marketplace and the coins go up in value. They then proceed to sell ( Dump ) the coins for a profit.

Good Luck With Your Investments !!