CRYPTO TERMS YOU NEED TO KNOW (HAHAHAHHAHA)

in bitcoin •  7 years ago 

There are a plethora of terms used in today's crypto environment. Here is part 1:

Bag holder - Someone who holds a lot of coins with little value

HODL - Hold on for dear life / misspelling of HOLD meme

Social Life - Something you won't have as soon as you discover crypto

Buy Low, Sell High - More like buy High, Sell Low :(

Shills - Promoting a coin that is typically not accepting by the crypto community

Noob - If you don't know who the noob is, it's probably you!

Steemit - Crypto Facebook

Bitcoin - Yes

Bitcoin Cash - No

Litceoin - Fake BTC

NEO/Ans - New ETH

Coinmarketcap - Charts

FUD - Fear, Uncertainty, Doubt

Blockfoloio - Keeps track of your crypto holdings / something I refresh every 5 minutes

Pump & Dump - Buying large amounts of a shill coin and selling as soon as price rises due to hype

Fork - Something I use at dinner / a split in a cryptocurrency

Whale - Someone with a large holding in a coin that can manipulate the market

FOMO - Fear of missing out

LET ME KNOW IF I MISSED ANY FOR PART 2!

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