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Article Overview: This guide will explore the common crypto terms used in the cryptocurrency market. This comprehensive crypto glossary is all you need to be fluent in crypto lingo.
Learning the ropes into the complex world of cryptocurrencies can be a daunting challenge for many, as the crypto market is filled with technical, computing, trading and finance jargons.
But do not worry! We’ve broken down the most common crypto terms used in the market.
Learn How to Make Over 100% Returns Investing in Crypto
Altcoin: Any cryptocurrency other than bitcoin (See more: Coins, Tokens & Altcoins: What’s the Difference?)
Bagholder: A person who holds a particular crypto which decreases in value until it is worthless
Bear/Bearish: Negative sentiment or downward price movement
Bear Trap: A literal trap where a general upward price trend reverses downwards momentarily and will continue its upwards motion
BTD: Buy The Dip. An indication to buy a coin when it has substantially decreased in price
Bull/Bullish: Positive sentiment or upward price movement
Bull Trap: A literal trap where a general decreasing price movement reverses upwards momentarily and will continue its downwards motion
Dead Cat Bounce: A temporary recovery in prices after a huge decrease
Dump/Dumping: Selling away your coins/Downward price movements due to increase selling pressure by many
DYOR: Do your own research
ELI5: Explain to me Like I’m 5. An explanation (usually in Reddit) that is simplified that even a 5-year-old can understand
Faucet: Website that rewards you with small amounts of cryptos for the completion of a specific task
FA: Fundamental Analysis (See more: A Guide To Fundamental Analysis For Cryptocurrencies)
FOMO: Fear Of Missing Out. This is a rookie mistake where a coin is skyrocketing and you get the feeling it's gonna pump more, so you buy at the peak
Fork: Splitting of the Blockchain due to competing philosophies or protocol upgrade (Read more: Guide to Forks: Everything You Need to Know About Forks, Hard Fork and Soft Fork)
FUD: Fear, Uncertainty & Doubt. Describes time of panic where negative sentiments are overexaggerated
HODL: Act of holding on to your coins even in dire market circumstances, resisting the urge to sell
JOMO: Joy Of Missing Out. Opposite of FOMO
Long: A positive or favourable view on the coin or the market in general, usually with an underlying investment on the coin in mind
MCAP: Market capitalization of the coin, which is an indicator of its market size. It’s derived from multiplying its market price to the total available supply of coins currently in the market
Moon: Expected upward movement (burst) of price, towards the moon
Pump: Upward price movement
Pump & Dump: Price manipulation by whales or collectives
Shitcoin: A coin with no potential value or use. Also, includes useless currencies such as fiat money
Short: Selling coins on margin (borrowing from the exchange), expecting the price to plunge
TA: Technical Analysis, or the analysis of prices based on historical price movements and fancy indicators
Rekt: A slang that refers to “wrecked”
Reverse Indicator: Someone who is always wrong predicting price movements
RSI: Relative Strength Index, a popular trading indicator used in technical analysis
Vapourware: A project that is never actually manufactured or implemented, synonymous with shitcoin
Whale: Someone who owns a huge number of coins that can influence prices of coins
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I'm Aziz, a seasoned cryptocurrency trader who's really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again'!