Decoding Common Cryptocurrency Jargons

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We’ve got a scenario. You decided to be a cryptocurrency day trader. For the sake of same, you’ve joined multiple forums and groups on Bitcointalk, Telegram, Facebook, etc. So far so good. They start having chats, and you don’t seem to understand any bit of their cryptocurrency jargons.

What Are Cryptocurrency Jargons?

There comes a point when understanding commonly used cryptocurrency jargons becomes quite difficult. The technical terminologies keep you away from becoming what you’ve aspired for. Read this post till the end to learn about such commonly used cryptocurrency jargons.

What you would be learning in this article

– Commonly used jargons in cryptocurrency exchanges
– Able to understand day-to-day trends, activities and cryptocurrency news on social media
– Communicate and write about ICO and cryptocurrencies in an official manner

People tend to misspell ‘HOLD’ as ‘HODL’ right? Or maybe they are right. One might feel quite opposite due to lesser knowledge.

HODL

The first appearance of the term ‘HODL’ dates back to 2013. It appeared for the first time in a thread called ‘I AM HODLING’ by a user GameKyuubi (courtesy of bitcointalk.org)

It was a misspelled phrase at that time that became a commonly used terminology. In simple terms, a typo that became a popular term.

There are multiple and commonly used cryptocurrency jargons that most everyday trader uses.

ATH

When a particular cryptocurrency tends to break each of its past records is said to be ATH. It simply breaks down as ‘All Time High’

WHALE

It refers to a trader with a higher level account, who is optimistic enough to see the market rise regarding a particular cryptocurrency.

FOMO

“Fear of missing out”. It has a literal meaning for the fear of missing out on profit over an investment.

REKT

Again a typo/misspelled variant of “wrecked”. The term describes about a trader who faces substantial losses form a downfall.

ADDY

“ADDY” refers to a cryptocurrency public address or a key. Just like, “Hey, what’s your addy?”

FUD

“FUD” stands for Fear, Uncertainty, and Doubt.

ALTCOIN

Any cryptocurrency that is NOT Bitcoin.

DUMP

Selling of a coin.

BTFD

“BTFD” stands for ‘Buy The F*cking Dip. This also indicates buying of a coin when it is dumped high.

CHOYNA

China stands to be influential country in the Bitcoin space. Hence, people refer to China as CHOYNA in crypto groups and more places.

MCAP

Stands for Market Capitalization

PUMP

Aggressive or Upward price movement.

Bagholders

People buying cryptocurrencies at high prices thinking it would move up further. There can be crashes in the market cap and the stocks can get stuck. People who’ve invested in similar stocks are called bagholders.

ASIC

ASIC is an abbreviation for ‘Application Specific Integrated Circuit’, which is a programmed chip created to execute a single task.

The jargons are mostly used on cryptocurrency mediums. The list of crypto jargons may sound casual, which is how it got to the public and became a language.

Don’t forget to heck out List of ICO to learn more about ICO Listings and updates on Initial Coin Offerings.

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