Altcoins Talks - Cryptocurrency Forum
Learning & News => Further Education => For Beginners => Terminology => Topic started by: Bobcrypto on December 31, 2020, 09:13:00 AM
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In every industry, there are special abbreviation to make communication easy and efficient. These abbreviations have a great impact on the industry, and it worth to learn in everyday activities.
These are some list of abbreviations commonly used in cryptocurrency day to day businesses. You may learn and add some abbreviation here.
1.Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin
2.Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
3.Bear/Bearish = Negative price movement
4.BTFD = Buy The Fucking Dip
5.Bull/Bullish= Positive price movement
6.DILDO = Long green or red candles
7.Dump = To Sell off a coin
8.DYOR = Do Your Own Research
9.FA = Fundamental Analysis
10.FOMO = Fear Of Missing Out
11.FUD = Fear Uncertainty & Doubt
12.HODL = Hold/Hold a position
13.Long: Margin bull position
14.MCAP = Market Capitalization
15.Moon = Continuous upward movement of price
16.OTC = Over The Counter
17.Pump=Upward price movement
18.Shitcoin = A coin with no potential value or use
19.Short = Margin bear position
20.TA=Technical Analysis
21.REKT=When you have a bad loss
22.Whale = Very Wealthy trader/Market mover.
23.Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
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Pre-sale, ICO, IEO, are they not important to know?
Also roadmap and airdrops.
I know there are more important words to know but for now I could not remember. Once I remember those words I will share it with you. Words are good but the applications makes a difference.
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This is very informative most especially for the newbies in the space, some of the terms you mentioned aren't really abbreviations, they are more like defining in summary, their meaning but still makes a lot of sense, keep it up dude.
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In my own experience right now, number 21 and 23 are very memorable especially in 2020. I lost my Bitcoin holdings because I was convinced that a certain new cryptocurrency can be making more headway in the market but unfortunately things started to go the way around. Right now that BTC has been roaring like a lion I am feeling like a boy who is outside looking in. I am just a weak hand and that is why I am wrecked. Those who do not have a strong faith in Bitcoin are going to be taking their bitter medicine, just like me.
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Is it just me or this post should be pinned in the crypto trading section? , cause it's a really helpful thread if any noob will come across it, cause it's going to help them understand most of the market abbreviations so they won't get confused or look dumb when when anyone mentions any this abbreviations in a chat.
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Hello buddy, good topic actually. But I think you are in the wrong section (imo). This topic is about terminology which you can find it in Terminology (https://www.altcoinstalks.com/index.php?board=162.0) section. Also there are more words terminologies everyone should learn which Cordillerabit created a thread Abbreviations and terms about crypto. (https://www.altcoinstalks.com/index.php?topic=1988.0)
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I am fully aware of some of the jargon and abbreviations used in Cryptocurrency, you have to know this if you're a trader and an investor, or you will miss the direction where the market is going the most popular and the one that I first encounter is HODL
The word HODL was the result of mistypo
It all started when a user named GameKyuubi made a post on the crypto forum Bitcointalk in December 2013 with the title “I AM HODLING.”
GameKyuubi explained in the post that he planned to “hold” his Bitcoin (BTC) investments because he knew he was a bad trader.
In no time, the term HODL spread like wildfire throughout the crypto world. Today, it refers to investors who refuse to sell their crypto regardless of how high or low prices trade.
https://www.forbes.com/advisor/investing/cryptocurrency/what-does-hodl-mean/
I'm sure we have used the term or practiced its meaning I'm still practicing it as I'm not good in trading like the creator of the word.
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Since we have weak hands in number 23, we also have the term "Diamond hands."
Diamond hands is a slang term used in the crypto community to describe an investor who refrains from selling their cryptocurrency despite downturns or losses.
As an investor, I used to feel like I was part of the "weak hands" group when I first started investing in cryptocurrencies. However, after spending some time in the crypto space, I have learned how to handle the bear market and become a diamond hand investor.
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12. HODL (HOLD)
Hold On for Dear Life
HODL the mistake spelling of HOLD.
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In every industry, there are special abbreviation to make communication easy and efficient. These abbreviations have a great impact on the industry, and it worth to learn in everyday activities.
These are some list of abbreviations commonly used in cryptocurrency day to day businesses. You may learn and add some abbreviation here.
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I will also add according to my observations on cryptocurrency, because from number 1 to number 23 it is not included in the list.
But if it's wrong or someone has already provided the information, then let me know, so I can edit it.
24. CL or SL: Cutloss or Stoploss
Has a function to look for policy options at the right time to seek profits and reduce losses in every cryptocurrency trade.