Sunday, January 28, 2018

Dictionary of Crypto Terms for Beginners



For someone entering Cryptoland (world of Crypto Currencies) there are a lot of terms that can make some confusion. Here is a list of basic terms whose meaning is important to know:

FUD - Fear, Uncertainty, and Doubt.
FOMO - Fear Of Missing Out.
ATH - All-Time High.
Alt-Coin - CryptoCoin that is not Bitcoin.
Fiat - Your local currency.
HODL - Hold On for Dear Life.
P&D - Pump and Dump.
Satoshi - The smallest unit of Bitcoin available.
Whale - Trader with a lot of money.
Wallet - Place to hold your cryptocoins.
PoS - Proof of Stake.
PoW - Proof of Work.
Bullish - Expecting the price to go up.
Bearish - Expecting the price to do down.
ICO - Initial Coin Offering.
FUDster - Someone spreading FUD.
TA - Technical Analysis.
Mooning - Extreame Price Increases.
Lambo - Term used by Mooner expecting to be CryptoMillionaire overnight.
Fork - Creating a New Blockchain based on the current version.

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