In the cryptocurrency world people talk in short and some code words . the words which you should know before interning the cryptocurrency world.
- HODL – Hold on for your dear life. It means holding a coin for the long term and not selling it.
- Altcoin – Every cryptocurrency other than bitcoin.
- FOMO – Fear of missing out. Fear of losing the bull trend of a coin.
- JOMO – Joy of missing out, Happy you didn’t buy a coin
- Moon – Where everyone wants their coin to go.
- Bag Holder – Someone who is holding a lot of coins in the hopes that it will go up in the future.
- Shitcoin – A worthless coin with no real value
- Dump – Downward price movement or a decision to sell a coin
- DYOR – Do your own research
- FUD – Fear, uncertainty and doubt
- Whale – A Big Investors trader with a lot of money.
- Mining – The process of verifying transactions on the blockchain.
- Long – A decision to hold onto a coin or decision of buying.
- REKT – When a coin goes down sharply and you have a bad loss
- Lambo – The car that many people want to buy after becoming rich.
- Swing – Rapid change of price of a coin.
- Pump – Effort to boost a coin by buying a lot of it all at once.
- Bearish – When the sentiment on a coin is negative or Downtrend
- Bullish – When the sentiment on a coin is positive or Uptrend.
- Exchange – Websites that allow you to purchase and sell cryptocurrencies
- FIAT – Currency which is issued by a government
- TA – Technical analysis
- ATH – All-time high
- FA – Fundamental analysis
- MCAP – Market capitalization
- Shill: Make a hype of coins in the market.
- Short: Prediction on ‘price will go down’.
- ICO: Initial Coin Offering
- IDO: Initial Dex Offering
- DeFi : Decentralized Finance