Introduction to Cryptocurrency Trading Terms

Scrolling reddit, this site or other cryptocurrency related forums on the internet and having no clue what people are talking about? Well, nor was I when I first started getting involved into cryptocurrencies. Therefore I thought it would be useful to have a glossary of all the terms you may come across in crypto world.

ALTCOIN

Alternative cryptocurrencies launched after Bitcoin.

ATH

All Time High. The highest price that the coin has ever reached.

BULLISH

An expectation of increasing prices.

BEARISH

An expectation of decreasing prices.

FIAT

Currency that is aa Government issued Legal Tender. Such as the USD or EUR.

COLD STORAGE

Moving crypto-currency 'offline' to a hardware wallet.

FOMO

Fear of missing out.

FUD

Fear, Uncertainty, Doubt. Propaganda and media coverage that lowers investor confidence and lowers market prices.

FORK

When an existing blockchain splits into two separate blockchains.

FUDSTER

An entity that speads FUD.

HODL

To hold the cryptocurrency, an internet slang used in the cryptosphere.

ICO

Initial Coin Offering. A type of crowdfunding.

MARKET CAP

Total market value of the volume of available cryptocurrencies multiplied by its price.

MOONING

Cryptocurrency prices going uo extremely high.

POS

Proof of stack. A type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus in choosing the creator of the next block.

POW

Proof of work. An economic measure protocol to deter denial of service attacks and other service abuse on the blockchain.

SATOSHI

One hundred million of a bitcoin, the smallest denomination of a bitcoin.

ROI

Return on investment. Percentage of gains from the initial invested capital.

QA

Qualitative analysis. Research based on quantifiable information such as management expertise, industry cycles, strength of research and development.

TA

Technical analysis. Analyzing statistics gathered from trading activities in an attempt to forecast their future movement.

P&D

Pump and Dump, schemes that attempt to boost the price of a coin through recommendations based on exaggerated statement in order to sell.

WALLET

Software program that stores private and public keys to interact with various blockchain, used to securely store cryptocurrencies.

BLOCKCHAIN

Distributed public ledgers, Decentralized public database that everyone can access and read, but data on the blockchain can only be updated by the data owners. Data is then replicated across thousands of computers who maintain the blockchain.