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Author Topic: Cryptocurrency lingo  (Read 1499 times)

Offline Gostudio

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Cryptocurrency lingo
« on: December 21, 2020, 03:35:45 AM »
Hi everyone, I hope it can help you.😊


Rekt
“Rekt” comes from the word “wrecked”

Pump and dump
Pump happens when a great ton of attention leads to a coin’s price increase; dump happens when the coin’s price crashes after an associated spread of negative emotions.


Sats
Short for Satoshis, the smallest unit of Bitcoin.

When Lambo?
“When are we going to get rich?”

Flippening
When Ethereum overtakes Bitcoin as the biggest cryptocurrency.

No coiner
A reference to people who don’t own any Bitcoin.

Vaporware
Something (most likely a software) that everyone is hyped about but never actually exists.

Cryptosis
A desire to engulf every bit of information about cryptocurrency.

HODL.
A misspelling of "HOLD" which  mean to '‘keep’'.

FOMO
Abbreviated form of ‘fear of missing out’.

FUD.
Abbreviated form of '‘fear, uncertainty and doubt’'.

ATH.
Abbreviated form of “All-Time High”. Therefore it means the highest historical price of a specific coin.

Whale.
A huge player who has a substantial amount of capital. An investor who owns five percent or more of any cryptocurrency coin.A whale is someone who owns a lot or tons of Bitcoins or Altcoins.

Shill.
The act of unsolicited endorsing of the coin in public. Shill Someone purposely promoting something for their own benefit.

Bag Holder.
A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins. Someone holding onto a coin that has plummeted in price.

Margin Trading.
A term for ‘trading with leverage’. In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and sell it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern.

Long.
A position that a trader takes. To take a long position on something is to believe its value will rise in the future.

Short.
A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future.

Limit Order.
An order placed at a future price that will execute when the price target is hit.

Borrowing Rate.
When you open a leveraged position, you will be borrowing coins at a pre-determined rate.

Lending Rate.
Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades.

Fill or Kill.
A limit order that will not execute unless an opposite order exceeds this limit order’s amount.

BUY | SELL Wall.
A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.

Altcoin
“Alternate coin” so any Cryptos except to Bitcoin (BTC).

Circulating Supply.
The price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap.

Market Cap.
A stock’s market cap refers to the market value of the company’s outstanding shares.
In the cryptocurrency market, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market.

DDOS.
Abbreviated form of '‘Distributed Denial of Service"

PoW
Abbreviated form of "Proof of Work ".

PoS
Abbreviated form of "proof-of-stake "

ICO.
Abbreviated form of "Initial Coin Offering”.

Arbitrage.
It is the act of buying and selling on different exchanges to earn the difference in the spread.

BTFD
Abbreviated form of “Buy The Fucking Dip”

MSTR
Abbreviated form of "Microstrategy"

KYC
Abbreviated form of "Know Your Customer and sometimes Know Your Client"
DeFi
Abbreviated form of "Decentralized Finance"

Moon
Extreme bullish movement of a coin.

Mooning
When a cryptocurrency is about to soar in both price and volume.

Weak Hands
They are people/persons  who cannot be patient and sell at loss when the market is down.

Shalom, shalom.

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Cryptocurrency lingo
« on: December 21, 2020, 03:35:45 AM »

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Re: Unfamilliar words in Cryptocurrency for the beginners
« Reply #1 on: December 24, 2020, 06:42:39 AM »
The words that have been mentioned are basic knowledge of crypto. there are some that are also often used in traders such as cut loss, hold, etc.
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Offline Master107

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