CRYPTO TERMINOLOGIES AND MEANING

in cryptocurrency •  7 years ago 

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CRYPTO TERMINOLOGIES AND MEANINGS: 👇👇👇

â– Accumulation: Buying an asset to acquire a sizable position

â– Air drop: Paying crypto holders a free token based on the balance held in their wallet

■Altcoin: Alternative cryptocurrency that’s not bitcoin

■BTFD: Buy the f%$k’n dip

â– BagHolder: Someone left holding an asset after the price crashed

â– BearGrind: A slow choppy sell-off with very weak bounces

â– BearTrend: Downwards price movement creating a series of lower highs

â– BlackSwam: A random bearish news event
â– Bots: trading algorithms

â– Bounce play: When the price bounces up quickly after a dump

â– Breakdown: Price dropping below support

â– Breakout: Price moving up past resistance

â– Bull trend: Upwards price movement creating a series of higher lows

â– Buy wall: A large bid on the order book

â– Buying pressure: Buying momentum building to push prices higher

â– Capitulation: The final point in the market when the last bagholders sell their positions before a reversal

â– Catching falling knives: the act of dip buying when the markets are on a down trend

â– Channel: A diagonal trading range between support and resistance

â– Chop: Directionless price movement that lacks momentum

â– Coin: a crypto asset used to secure a blockchain by rewarding miners

â– Consolidation: A period of stability and sideways price action

â– Continuation pattern: A technical pattern that often means continued movement along a price trend

â– Contrarian: Going against the herd

â– Crypto: short for cryptography or cryptocurrency

â– Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain

â– Dumb money: Over emotional traders or investors

â– Dump: A sharp downwards price movement

â– ERC20: A standard for creating ETH based tokens

â– FOMO: Fear of missing out

â– FUD: Fear uncertainty and doubt

â– Fakeout: Price pretending to break support or resistance

â– Flash crash: A large price dump that quickly bounces

■Hard fork: A blockchain upgrade that’s not compatible with older versions of the software
Honey Badger: A term used to describe bitcoin’s resilience

â– ICO: initial coin offering, when tokens are sold in a crowdsale

■Insta-mine: A coin launching with very small difficulty so the developers can get a large portion of the supply for cheap, while trying to hide it’s a pre-mine.

â– JOMO: Joy of missing out
â– Leverage: increasing ones order size by borrowing coins

â– Liquidation: when a market moves against a leveraged trader and they lose their entire position

â– Long: Buying an asset

â– Miners: people who run computers to secure transactions on a blockchain

â– Momentum: Price movement

â– Network split: when a blockchain splits into two separate blockchains as a result of hard forks

â– Parabolic: when the markets shoot up very fast, usually before a dump and reversal
Pre-mine: A launched coin where the developers start by keeping a % of the supply for themselves

â– Price discovery: Buyers and sellers in the open market trading to establish a price

â– Proof-of-stake: a form of mining that consists of holding a coin in a wallet

â– Proof-of-work: a form of mining that consumes computational power and electricity

â– Pump and dump: when traders push the price up high and immediately sell to crash the price

â– Pump: when the price rises fast

â– Resistance: A price area where sellers step in to push the price down

â– Reversal: A change in price direction

■Salty Pleb: Used to describe jealous people who don’t own bitcoin

â– Sell wall: A large ask on the order book
Selling pressure: Selling momentum building to push prices lower

â– Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment

â– Short squeeze: closing out shorts due to a break of resistance and stops being triggered

â– Short: Borrowing an asset to sell on the markets

■Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software

â– Spoofing: When traders flash fake buy or sell walls

â– Spoofy the bear whale:

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