HODL on to your hat, learn the lingo before you FOMO
What is an Altcoin?
Hardcore Bitcoin supporters will say every coin other than Bitcoin is what’s known as an Altcoin. Altcoins are therefore often the description used for the thousands of other coins that exist.
What does ATH mean?
All Time High. When a coin reaches the highest value it has ever reached. For example, in 2017 Bitcoin reached an All Time High of $19,783.06 during December 2017.
What does BEARISH mean?
If someone is Bearish then they are expecting cryptocurrency values to fall in value. Someone may be bearish short or long term, for example bearish short-term on Bitcoin (Expecting the price to go down very soon) but bullish long term on bitcoin (Expecting the price in the future to be higher).
What does BTFD mean?
Buy The Fu*king Dip! – When a coin or token dips (drops in price) traders try to catch the lowest point to buy again.
What does BULLISH mean?
If someone is Bullish then they are expecting cryptocurrency values to rise in value. Someone may be bullish short or long term, for example bullish short-term on Bitcoin (Expecting the price to go up very soon) but bearish long term on bitcoin (Expecting the price in the future to be lower).
What is an Exchange?
An exchange is a website where cryptocurrencies can be bought and sold.
What is FIAT? What does FIAT stand for?
FIAT, or FIAT Money is any government issued currency, for example the UK Pound Sterling.
What is FOMO? What does FOMO stand for?
Fear Of Missing Out. Often when cryptocurrencies start to increase rapidly in price people will feel the need to buy or otherwise be left behind whilst others potentially make huge gains.
What is FUD? What does FUD stand for?
2018 was a major year for FUD, Fear, Uncertainty and Doubt. FUD is intentionally spread online and is often fake, made-up and negative news to try to affect the price of cryptocurrencies.
What does HODL mean? What does HODL stand for?
HODL means to HOLD. For example if someone says you should HODL a certain cryptocurrency then they simply mean to hold it and not sell it.
What is an ICO? What does ICO stand for?
An ICO is an Initial Coin Offering. ICO’s are a way for a startup to raise capital for their project by offering an amount of their coins in exchange for investment.
SHILL / SHILLING
What is SHILLING? What does SHILL stand for?
When someone hypes or advertises a certain cryptocurrency (Shills) it’s often called shilling.
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