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Cryptocurrency Slang

The Ultimate Dictionary Of Cryptocurrency & Bitcoin Terminology &

The Ultimate Dictionary Of Cryptocurrency & Bitcoin Terminology & "slang"

The well known cryptocurrency, based on the proof-of-work blockchain. Bitcoin is the first decentralized, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralized issuer. The truest believers in bitcoins original mission and design, often paired with a disdain for altcoins. Blocks are packages of data that carry permanently recorded data on the blockchain network. A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. Block height refers to the number of blocks connected together in the block chain. For example, Height 0, would be the very first block, which is also called the Genesis Block. A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. Buy the Fucking Dip. Advice to other traders to pick up a coin thats presumably hit its bottom. A central ledger refers to a ledger maintained by a central agency. The successful act of hashing a transaction and adding it to the blockchain. Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. Also known as tokens, cryptocurrencies are representations of digital assets. Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 computational algorithm is an example of a cryptographic hash. A decentralized application (Dapp) is an application that Continue reading >>

Important Slang In Alt Coin Trading.

Important Slang In Alt Coin Trading.

I really do not suggest you become an alt coin trader, but ifyou are determined to do it, here are some terms youll need to know: Bagholder- One word. It defines what you willbecome if you are dumb enough to buy- what you think will be- the next Bitcoin. The term should be understood in terms of its fully implied sexual connotations. If you are praying you can get back half of what you put in (you wont)- you are a bagholder. Shitcoin- this is not necessarily a bad term. Traders dont avoid a coin because it is a shitcoin. I have seen traders rally a coin with a broken blockchain. Just never fool yourself and start believing in a shitcoin. Hodling- Some poor soul in the distant past, meant to say that he washolding a particular coin. He mistyped and the term went viral. It is a meme of constant amusement, because hodling a shitcoin is quite stupid. Alt coins- Any coin that is not bitcoin is an alt coin. There is no getting around this. If you are not bitcoin you suck. Shills- Shills have a different meaning in crypto. While it is usually considered to be someone who promotes scammers, in crypto it means anyone who writes anything good about an alt coin. Scammer- You are nobody in the industry until you are either called a scammer, or you have called someone else a scammer. It is a rite of passage. A popular bitcoiner, @tone_LLTwould have nothing to say if you removed the word scam from his vocabulary. Inflationary/defaltionary- if you are familiar with finance, dont be fooled by these common words used in cryptocurrency. They have nothing to do with credit cycles and instead mean that some people think a large number ofcoins are good and others think the opposite. It doesnt matter anyway, because you are shitcoin. Get over it. Noobs- Aseasoned crypto trader seeks the lif Continue reading >>

Crypto Terms & Slang For Noobs : Cryptocurrency

Crypto Terms & Slang For Noobs : Cryptocurrency

Found this on the web thought I'd share. Feel free to add new terms or corrections as it maybe outdated. Follow on Twitter @CryptoWillRise Bagholder- One word. If you are praying you can get back half of what you put in (you wont)- you are a bagholder. Fill Bags - Buying an Cryptocurrency of your choice. You are considered filling your bag. Shitcoin- this is not necessarily a bad term. Traders dont avoid a coin because it is a shitcoin. I have seen traders rally a coin with a broken blockchain. Just never fool yourself and start believing in a shitcoin. Hodling- Some poor soul in the distant past, meant to say that he was holding a particular coin. He mistyped and the term went viral. It is a meme of constant amusement, because hodling a shitcoin is quite stupid. Alt coins- Any coin that is not bitcoin is an alt coin. There is no getting around this. If you are not bitcoin you suck. Shills- Shills have a different meaning in crypto. While it is usually considered to be someone who promotes scammers, in crypto it means anyone who writes anything good about an alt coin. Scammer- You are nobody in the industry until you are either called a scammer, or you have called someone else a scammer. It is a rite of passage. A popular bitcoiner, @tone_LLT would have nothing to say if you removed the word scam from his vocabulary. Inflationary/defaltionary- if you are familiar with finance, dont be fooled by these common words used in cryptocurrency. They have nothing to do with credit cycles and instead mean that some people think a large number of coins are good and others think the opposite. It doesnt matter anyway, because you are shitcoin. Get over it. Noobs- A seasoned crypto trader seeks the lifeblood of a noob. Like the vampire, the hungry trader lurks in the shadows and pou Continue reading >>

The Beginners Guide To Cryptoslang.

The Beginners Guide To Cryptoslang.

So you recently became obsessed with bitcoin and cryptocurrency, and you discovered the vast treasure trove of knowledge contained in the rich and ever growing crypto-twitter-reddit universe. You signed up for a twitter account so you could join the party, grow your following, and maybe, one day, become as famous as the recently departed @22loops. (RIP loops). The crypto community has a language of its own, and if you dont know what you are doing, youll be labeled a newb faster than a salty crypto OG can dump his bag of Dogecoin on you. So, brave trader, here is a crypto-slang guide that should keep you out of trouble long enough to earn the respect of the crypto-illuminati. Bitcoin: The thing you buy so you can buy more altcoins. Altcoin: aka alt Any cryptocurrency thats not Bitcoin. Fiat: Any money thats not bitcoin or altcoin. Cryptomaximalists are very skeptical of Fiat. Bonus style points if you never hedge into Fiat, even when Bitcoin drops by $1000 dollars in a day. Satoshi: (aka sats) The basic unit of Bitcoin. Kind of like a Bitcoin penny. But instead of 1/100th, a satoshi is 1/100,000,000th of a Bitcoin. When you talk about the price of an altcoin, use satoshis but call them sats. As in Bro, did you pick up any $PTOY back when it was 7k sats? Bag: You dont have a portfolio in crypto, you just have a bunch of bags. When you buy an altcoin, just say you started a new bag. This can either be used in a positive way as in hey guys, just started a bag of $IFT! or a negative way, as in I bought Zcash and it dumped, so now Im a bagholder. Catalyst: The excuse a cryptoasset needs in order for a proper pump to start. Can be news, listing on a new exchange, or an AMA with the Devs. Pump: When the price goes up really quickly. Could be do to a catalyst, a P and D group, Continue reading >>

What Hodl, Whale And Other Cryptocurrency Slang Terms Mean

What Hodl, Whale And Other Cryptocurrency Slang Terms Mean

Example: "Stay strong, HODL even when the price drops." In early bitcoin forums, someone posted a message that spelled the word "hold" wrong, and readers interpreted it as an acronym "hold on for dear life," Saddington explains. "Now, it's become a meme of sorts, so that when the prices are highly volatile, bitcoin buyers say 'HODL!'" Saddington describes himself as "a long-term HODLER." Example: "If someone tells you bitcoin is a bubble, they just have FUD." This one is simple, Saddington says. FUD means "fear, uncertainty and doubt." Bitcoin followers advise to HODL your coins despite the FUD of those outside the community. Example: "How many sats are you buying at this price?" "Sats" is short for "satoshis," a term derived from the first name of bitcoin's mysterious creator , Satoshi Nakamoto. It refers to the smallest fraction of a bitcoin that can be sent, which is 0.00000001 of a bitcoin. Instead of looking at bitcoin in terms of a dollar value, "real traders look at sats, or satoshis," says Saddington. Example: "There must be a whale behind this coin's movement." "A whale is someone who owns a lot of cryptocurrency," Saddington says. "According to statistics and the addresses that you can find online because bitcoin isn't truly anonymous; you can actually find the whales these are the people who own a ton of bitcoin. We're talking about like hundreds of thousands of bitcoin or more." If a "whale" sells a lot of their stake, it can cause the price of a cryptocurrency to dip by flooding supply, he explains. Example: "This coin's chart looks like it was a pump and dump." "Pump and dumpers are people who often say, 'Hey, let's all of us together pump this coin,' which means buy the coin, create the demand in the market, the coin will go up in value," Saddington says Continue reading >>

Crypto Slang - Lambos On The Moon | Crypto Briefing

Crypto Slang - Lambos On The Moon | Crypto Briefing

Crypto slang is colorful, unusual, occasionally indecipherable, and to more experienced cryptocurrency enthusiasts and traders often the sign of a wide-eyed newbie. From Lambos to Shitcoins (and rarely the other way around) we present a glossary of the terminology youll encounter in cryptoworld. Theres nothing wrong with knowing the lingo, or even employing it in a sardonic manner from time to time but if you want to be taken seriously on the Reddit subs, the Telegram groups, or the Slack channels, you might want to consider not just what you say, but how you say it Used to express the joy and elation felt when a SHITCOIN is pumped by a WHALE, giving the virgin trader the illusion that they have invested intelligently and wisely. Often affords a short-term opportunity for a profit, which rapidly disappears when the terms user looks up from their Twitter feed to notice thattheSHITCOIN train has already left profit station and theyve bought a one-way ticket. (Sometimes expressed as TTM, which should stand for Trading Til Moneyless.) See also: When moon?, a question only slightly dumber than Why moon?, What moon? and Where moon? Example usage: Paragon TO THE MOON!!!!!!!!!!! Oh, wait, I just lost all my money. Short for Lamborghini , a fast car that you will never have. Someone with more money than you. Doesnt matter how much more if you have 0.024 bitcoins, a WHALE has 1.763 bitcoins. Example usage: That whale is holding the price of KIN at 0.00000000000003 on Binance. Fear, Uncertainty, Doubt. Anyone can spread FUD, and anyone who disagrees with you is doing exactly that. It is of paramount importance in the cryptocurrency world to be COMPLETELY CERTAIN OF YOUR OWN RIGHTNESS and equally convinced that other opinions and evidence are devoid of merit. Example usage: Stop s Continue reading >>

48 Cryptocurrency Trading Lingo That You Should Know

48 Cryptocurrency Trading Lingo That You Should Know

It seems to be a matter of time before cryptocurrencies are as common and as well understood as stocks. In anticipation, let us familiarize ourselves with the lingo in cryptocurrency investing and mining, which will prove to be immensely useful (not discounting the entertainment value). Cryptocurrency traders share much of the vocabulary used by stock traders and Forex traders. Of course, there are also words that originated from cryptocurrency trading. HODL. A misspelling of hold that stuck around to mean keep. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin. FOMO. Short form for fear of missing out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto. FUD. Short form for fear, uncertainty and doubt. Traders who stand to gain from the failure of a coin may spread FUD in the coins forums. Whale. Traders with a substantial amount of capital are called whales. Interestingly, Whales are often blamed for inexplicable market direction changes or movements. Pump and Dump. Coins which do not seem to have long term prospects may see a huge increase over a short period of time. Such movements are often attributed to low volume, hence the pump. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price. Knowing this could be the case, many traders still enter the market hoping to exit before the dump happens. Shill. The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the publics interest in that particular coin. Bag Holder. A term to refer to a Continue reading >>

Crypto Lingo : Hodl The Moon

Crypto Lingo : Hodl The Moon

Altcoin a cryptocurrency which isnt bitcoin. Includes Ethereum (see flippening), Litecoin, Ripple, Monero, Dash and about 800 others (see maximalist). ASIC Application Specific Integrated Circuit. These are the specialised silicon chips which process the SHA-256 algorithm to mine bitcoin and validate transactions. ASIC Miners this is the hardware which houses the ASIC silicon chip. Connected to the internet. Bitcoin Digital money which is based upon cryptography, invented by Satoshi Nakamoto. Bitpay Bitcoin processing company who allow merchants to accept bitcoin as a payment method. Blockchain a distributed and peer to peer digital ledger. Block Reward this is the cryptocurrency reward that miners receive for successfully hashing a transaction block. Charlie Shrem flamboyant and early bitcoin entrepreneur. Coinbase worlds most popular and reliable cryptocurrency web wallet. Cold Storage secure way of keeping cryptocurrencies off exchange. Cryptocurrency generic term for digital and cryptography based money. DAO now de-listed, the distributed autonomous organisation set the record in May 2016 for the largest crowdfunding in history. Difficulty the level of resistance encountered when trying to hash a new block in the bitcoin blockchain. ETH symbol for Ether, token of the Ethereum blockchain. Ethereum a decentralised platform that runs smart contracts. Exchange where fiat money can be exchanged for bitcoin or altcoins. Faucet a reward system on a website that dispenses bitcoin in the form of a Satoshi (a hundred millionth of a bitcoin) Fiat the name for bank issued money, derived from the latin let it be. Flippening the name given for the event where a cryptocurrency who surpasses bitcoin in market capitalisation (yet to happen at time of writing). Forging the name givi Continue reading >>

Becoming Acquainted With Bitcoin And Cryptocurrency Lingo

Becoming Acquainted With Bitcoin And Cryptocurrency Lingo

Becoming Acquainted with Bitcoin and Cryptocurrency Lingo Individuals and groups of people frequently use slang and acronyms to communicate ideas, concepts or descrtions quicker than with formal language. When it is the industrys use of particular terminology we would refer to this as jargon, whereas when used socially we refer to this as slang. The cryptocurrency industry has emerged with new jargon being creating constantly. For novices, it can prove to be quite challenging and can create a barrier to entry. This article is aimed reducing the barriers to entry for those outside of cryptocurrency by providing the most commonly used slang words and acronyms. Altcoin: Alternatives cryptocurrencies other than bitcoin. There have been many waves of altcoins following bitcoin since its inception in 2009. ATH: All-time High. When a cryptocurrency has reached its highest value to date. HODLing: A typo error was made when trying to write holding and went viral over the internet, so simply meaning holding on to a specific coin for the long term. Bear-run/Bearish: When the price of a cryptocurrency has a tendency to fall and experience sell-offs. Bearish is the your sentiment if you think the value will decrease over time. Bull-run/Bullish: When the price of a cryptocurrency is expect to increase, we call this sentiment bullish. Also, we have Permabulls, those bullish on bitcoin, or a crypto, permanently. Similarly, we have Permabears too. Core: The group of individuals that are most active developing a cryptocurrency. Big Blockers: Those who believe in a scaling path for Bitcoin that increases the block size above 1MB. Notably, Bitcoin Unlimited and other factions/supporters. Small Blockers: Those who believe in a scaling path that does not require an increase in the block siz Continue reading >>

Cryptocurrency Trading Lingo

Cryptocurrency Trading Lingo

It seems to be a matter of time before cryptocurrencies are as common and as well understood as stocks. In anticipation, let us familiarize ourselves with the lingo in cryptocurrency investing and mining, which will prove to be immensely useful (not discounting the entertainment value). Cryptocurrency traders share much of the vocabulary used by stock traders and Forex traders. Of course, there are also words that originated from cryptocurrency trading. HODL.A misspelling of hold that stuck around to mean keep. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin. FOMO.Short form for fear of missing out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto. FUD.Short form for fear, uncertainty and doubt. Traders who stand to gain from the failure of a coin may spread FUD in the coins forums. Whale.Traders with a substantial amount of capital are called whales. Interestingly, Whales are often blamed for inexplicable market direction changes or movements. Pump and Dump.Coins which do not seem to have long term prospects may see a huge increase over a short period of time. Such movements are often attributed to low volume, hence the pump. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price. Knowing this could be the case, many traders still enter the market hoping to exit before the dump happens. Shill.The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the publics interest in that particular coin. Bag Holder.A term to refer to a trader Continue reading >>

Bitcoin, Cryptocurrency Slang Explained - Business Insider

Bitcoin, Cryptocurrency Slang Explained - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our facebook linkedin twitter email copy link Over the last few months, the world of cryptocurrency has heated up significantly: The volatile price of bitcoin, ethereum, and other digital tokens has created and wiped out millionaires and billionaires from all over the world. Still, even for seasoned investors, there's a lot of slang you have to know if you want to sound like an expert. There's a lot of jargon and some acronyms that are very particular to cryptocurrency enthusiasts and their communities. We've scrounged together all the cryptocurency slang we could find into digestable explanations, with the help of Urban Dictionary and other sources, so that the next time you see or hear someone say "DYOR and hodl lest you get rekt," you might actually know what they're talking about. Or at least, you won't come off like such a nocoiner. HODL, sometimes spelled out hodl or Hodl, started as a joke at a bitcoin fan's expense. In December 2013, a member of the official bitcoin message board made an apparently inebriated post with a typo in the subject line: " I AM HODLING ." He was trying to say that he's "holding," as in, hanging on to his coins for the long term, regardless of any short-term price changes. The post became a meme, as bitcoin fans retroactively made it so HODL stands for "hold on for dear life." The term is used to discourage selling when bitcoin prices fall, and to ride it out until they return to growth.. It's viewed as a faux pas in the cryptocurrency community to sell instead of holding on for dear life. "To the Moon" is an exclamation used when cryptocurrency prices are rising off t Continue reading >>

Meaning Of Hodl And Btfd: Bitcoin Terms Defined

Meaning Of Hodl And Btfd: Bitcoin Terms Defined

What to know about the crypto-craze before it implodes. Online traders of cryptocurrencies like bitcoin tend to speak in impenetrable jargon, heavy on acronyms, slang terms, and hashtags. Some of it is borrowed from traditional finance, but the digitally native generation of self-taught traders has additional vocabulary all its own. Some useful terms to get you through a conversation or message-board fight include: How Bitcoin Got Here: A Mostly Complete Timeline of Bitcoins Highs and Lows Bags: Cryptoassets being held, generally as longer-term plays; sometimes used self-deprecatingly for soft or losing positions one should close, but cant for whatever reason. Too bad none of my alt bags saw the moon that I did today. #cryptoeclipse Bitcoin Maximalists: The truest believers in bitcoins original mission and design, often paired with a disdain for altcoins. #BTFD: Buy the Fucking Dip. Advice to other traders to pick up a coin thats presumably hit its bottom. $GNT Golem making moves. Underpriced @ 7.5K If U are buying GNT under 10K still a good price 3 X LETS GO $ETH #CRYPTO #trading #BTFD #DYOR: Do Your Own Research. The traders caveat that advice shouldnt be taken at face value. $BCY has an appealing risk/reward here. Could take a few months to play out, however, and will require patience. #DYOR Exit Scam: Traditionally a term for darknet markets and vendors that, after building up a good reputation, accumulate bitcoins and disappear; exit scams are also feared by ICO participants who worry that, once theyve raised hundreds of millions in hard-to-trace money, the developers will take the money and run. #FOMO: Fear of Missing Out. When a coin starts to moon, dumb money rushes in. $LGD on a TEAR right now!!! It has major highs right now! Some major #FOMO going on!!! Sell Continue reading >>

A Beginners Guide To Cryptocurrency Jargon

A Beginners Guide To Cryptocurrency Jargon

A Beginners Guide to Cryptocurrency Jargon If you are new to the cryptocurrency world, you must have come across quite a number of terms that leave you perplexed. This new industry is defined by unique terminologies whose meaning is yet to be added to existing dictionaries. Let us take a look at popular jargon associated with the space and the meaning behind them to help you get up to speed. HODL first appeared in 2013 under a thread on BItcointalk forum. It was initially a misspelling of hold made by a forum member but was immediately adopted by the community. It was later used as an acronym for Hold on for Dear Life. It basically means that when market prices for a digital currency plummet, you do not sell it but ride it out because sooner or later, they usually bounce back. This is an acronym for Fear, Uncertainty and Doubt and refers to baseless negative claims that are deliberately spread to bring market prices down. It usually preys on the speculative nature of the cryptocurrency industry and its inherent unpredictability. This acronym stands for Fear of Missing Out. It usually describes a sensation common within this space when the price of a virtual asset unexpectedly begins to rise and you feel the need to join the hype. This cryptocurrency slang is a deliberate misspelling of the word wrecked. It refers to traders or investors who are completely ruined by the sudden plummeting of prices on a digital currency. This refers to the upward potential of a crypto asset. When a digital coin seems to have an unstoppable positive price momentum then its investors celebrate this as a journey to the moon. This is a portmanteau combining alternative and coin. It refers to all other cryptocurrencies other than bitcoin. This is because bitcoin pioneered the space and is sti Continue reading >>

What Is Hodl & Other Common Cryptocurrency Terms: Guide For Beginners

What Is Hodl & Other Common Cryptocurrency Terms: Guide For Beginners

What is Hodl & Other Common Cryptocurrency Terms: Guide for Beginners William M. Peaster on December 2, 2017 / 0 Comments Courtesy of the acute bull run the cryptocurrency space just experienced, theres more new Bitcoiners and the like to welcome than ever before. That also means theres a lot of new users who have a great deal of homework to do in order to play catch up; the cryptocurrency ecosystem can be extraordinarily dense at first for newcomers. But it need not be that way for long. One of the first things that crypto newbies will need to do is become literate, as it were, in the vernacular and jargon of the space. It might seem like everyones speaking a different version of English youve never seen before, but youll pick everything up quickly. Especially after getting caught up with the major keywords in this post! So, lets get right to it then: well walk you through the most important and prevalent cryptocurrency terms so you can be holding your own with other traders in no time. Hodl, is simply a misspelling of Hold which expresses the zeitgeist of crypto investors right now. The term originated on the Bitcointalk forum in the thread titled I AM HODLING , in which a user named GameKyuubi who made the spelling mistake when expressing his thoughts ( after drinking whiskey ) about his mindset when it came to Bitcoin trading. The phrase has also been described as meaning Hold on for dear life. This is a reference to the astonishing levels of cryptocurrency markets as the space is still so premature. Hang on, in other words, because your portfolio is going for a wild ride no matter what. If you dont hodl and you end up getting overly emotional during daytrading, you could lose a significant chunk, if not all, of your crypto stack. So hodling is suggested as the sup Continue reading >>

25 Most Used Cryptocurrency Lingo

25 Most Used Cryptocurrency Lingo

in cryptocurrency 2 years ago (edited) I remember when i start getting into cryptocurrencies and stumbled upon all this new terminologies such as HODL, DYOR, FOMO and i was like... WTF?? Blockchain is a new technology which is getting a lot of popularity recently with more and more people joining in for different reasons. So, it doesen't matter if it's a quick buck, a long term investment in digital assets or perhaps a vision that aligns with your values, at some point you are going to see some of this abbreviations if you are in the crypto space. Below i have listed 25 most used abbreviations in cryptocurrency space, together with their meaning and if you want me to expand on any of those, let me know and i will do it in future posts. FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high) ICO = Intial coin offering (equivalent of IPO in stock market) Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future. Altcoins = Alternate cryptocurrency; anything other than bitcoin Shitcoin = A coin with no potential value or use Moon/Mooning = Continuous upward movement of price (reaching the moon) Whale = Very Wealthy trader/Market mover. Weak Hand = A coin holder prone to selling at the first sign of a dip in price. Reverse Indicator = Someone who is always wrong predicting price movements. Swing = Zig zag price movement (Upwards and downwards) I hope this will help you through your crypto journey. If you know any other terminologies please leave them in the comment section below and i will add them to the list! Continue reading >>

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