When the price of bitcoin goes high or falls, everyone weighs in to predict what may happen. Crypto slangs are thrown around in crypto groups, Twitter, and Reddit threads during these periods. You may see words like "BTFD," "HODL," "FUD," and other similar lingos. These words are terminologies, slangs, and vernaculars commonly used in cryptocurrency to give meaning to certain words. Let's discuss the meaning of common crypto terms you should know.
Address
An address is a string of characters made up of random numbers and letters that serve as a wallet that can send or receive cryptocurrency.
- All-Time High(ATH)
This refers to the highest price ever achieved by a cryptocurrency since its listing or inception. - All Time Low(ATL)
This is the lowest price ever achieved by a cryptocurrency since its inception or listing. - Altcoins
These are cryptocurrencies that aren't Bitcoin. Coins like Ethereum, Ripple, Solana, etc., are altcoins. - Assets
Assets refer to the various cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, etc. - Bag
This refers to the quantity of units of an asset you have. When you have a large quantity of an assets, it is known as having a bag of it. - Bear/Bearish
When you hear the term bear/bearish, it refers to the price of a cryptocurrency having a negative price movement. For example, when the Bitcoin price starts to fall, you can say it's bearish or a bear market. - Bitcoin Maximalist
A Bitcoin Maximalist is a person who believes that Bitcoin is the only digital asset of value. - BTFD
This is an acronym for "Buy The F**king Dip." Traders use this to tell others to buy an asset that has dropped in value. - Bull/Bullish
When the price of a cryptocurrency has a positive price movement and is on an upward trend, we can say it's Bullish, or the market is in a bull run. - Burned
In order to reduce the number of coins in circulation, developers of the currency burn a certain amount by sending it to an unusable wallet address that isn't assigned to anyone and can't be accessed. This makes the cryptocurrency scarcer, which may lead to an increase in price and benefit the investors. - CAP
This is a shorthand for market capitalization. Market capitalization is the total value of all the coins that have been mined for a particular asset (e.g, Bitcoin). - Circulating Supply
The term circulating supply refers to the total number of coins or tokens of an asset publicly available and circulating in the market. - DAO
This is an acronym for "decentralized autonomous organization." DAO is an organization created to automate decisions and facilitate cryptocurrency transactions in crypto. This simply means an internet community with a shared bank account that can manage open-source, blockchain projects and make investments. - dApp
This is also known as "decentralized application." dApp is a digital application that runs on a blockchain network, not a centralized server. They can perform a variety of purposes like social media, finance, and gaming. - Dump
This term is used when you sell a large quantity or all of your cryptocurrency. - Dumping
Dumping occurs when many people sell off their assets at once, causing a sharp downward movement in an asset's price. - Dust Transaction
These are transactions for small amounts. What happens is some people spam the network and make it slow by carrying out incredibly small transactions. - DYOR
This term means "do your own research," and cryptocurrency enthusiasts commonly use it as a disclaimer that the value shared is not financial advice. It would be best if you always carried out your own research before investing in a project. - Fiat
Fiat refers to the mainstream legal tender or national currencies like the US dollar, Canadian Dollar, British pound, Euro, and Australian dollar. - FOMO
This is one of the most commonly used slang. It means "fear of missing out." It is commonly used when an asset is bullish and you don't have a bag of it. You'll start to feel as though you're missing out on profits. This is not financial advice but always wait for the feeling of FOMO to die down before you jump into any project. - FUD
FUD stands for "fear, uncertainty, and doubt." This is when the crypto market is full of false, negative, and misleading information from crypto nonbelievers. - HODL
This term was derived from a misspelling of "hold" in the context of holding and buying cryptocurrency. Since then its become a crypto slang that means "hold on for dear life," which means investors should not sell their assets regardless of if the price is increasing or decreasing. - ICO
ICO, also known as "initial coin offering," is the cryptocurrency equivalent to an initial public offering (IPO). Companies looking to create a new coin, service, or app, appraise funds by launching an ICO. - Liquidity
The liquidity of a cryptocurrency is how easy it is to convert a coin into cash or other coins. If the liquidity is high, this means there's a stable market with few price fluctuations, but if the liquidity level is low, it means the market is volatile, which causes a spike in prices. - P2P
This means "peer to peer," which is the direct exchange of digital assets between parties without involving a third party or central authority. - Pump
When the price of a cryptocurrency goes up without any sign of reversal, this is known as a pump. It usually happens when big investors put in a lot of money to drive the asset's price up. - REKT
When you're REKT, you're "wrecked." This slang is usually used when someone has experienced a bad loss in a trade or investment. - Satoshi
This term means two things. It references the anonymous founder of Bitcoin, who vanished immediately after the creation of Bitcoin. Secondly, it means a unit of exchange, equal to .0001 Bitcoin. - Shit Coin
These are coins with little or no value and no beneficial use case. They are usually created as copycats cryptocurrencies to receive immediate gains and dumped. This is not a good investment strategy because most of these projects turn out to be scams. - To the moon
When people post a rocket emoji or use the term To the Moon, they are hoping that there will be a huge increase in the price of a cryptocurrency. - Whale
This term refers to any individual or entity that holds large amounts of a coin. The amounts they hold have the potential to manipulate the market.
There are so many other slangs in the cryptocurrency market. You can add the ones we missed out on in the comment section.
written by tessywrites.com