Title: CRYPTO TERMINOLOGIES AND MEANINGS for Newbies Post by: Willmoney on November 01, 2017, 03:32:00 PM ■Accumulation: Buying an asset to acquire a sizable position ■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 ■BagHolder: Someone left holding an asset after the price crashed ■BearGrind: A slow choppy sell-off with very weak bounces ■BearTrend: Downwards price movement creating a series of lower highs ■BlackSwam: A random bearish news event ■Bots: trading algorithms ■Bounce play: When the price bounces up quickly after a dump ■Breakdown: Price dropping below support ■Breakout: Price moving up past resistance ■Bull trend: Upwards price movement creating a series of higher lows ■Buy wall: A large bid on the order book ■Buying pressure: Buying momentum building to push prices higher ■Capitulation: The final point in the market when the last bagholders sell their positions before a reversal ■Catching falling knives: the act of dip buying when the markets are on a down trend ■Channel: A diagonal trading range between support and resistance ■Chop: Directionless price movement that lacks momentum ■Coin: a crypto asset used to secure a blockchain by rewarding miners ■Consolidation: A period of stability and sideways price action ■Continuation pattern: A technical pattern that often means continued movement along a price trend ■Contrarian: Going against the herd ■Crypto: short for cryptography or cryptocurrency ■Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain ■Dumb money: Over emotional traders or investors ■Dump: A sharp downwards price movement ■ERC20: A standard for creating ETH based tokens ■FOMO: Fear of missing out ■FUD: Fear uncertainty and doubt ■Fakeout: Price pretending to break support or resistance ■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 ■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. ■JOMO: Joy of missing out ■Leverage: increasing ones order size by borrowing coins ■Liquidation: when a market moves against a leveraged trader and they lose their entire position ■Long: Buying an asset ■Miners: people who run computers to secure transactions on a blockchain ■Momentum: Price movement ■Network split: when a blockchain splits into two separate blockchains as a result of hard forks ■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 ■Price discovery: Buyers and sellers in the open market trading to establish a price ■Proof-of-stake: a form of mining that consists of holding a coin in a wallet ■Proof-of-work: a form of mining that consumes computational power and electricity ■Pump and dump: when traders push the price up high and immediately sell to crash the price ■Pump: when the price rises fast ■Resistance: A price area where sellers step in to push the price down ■Reversal: A change in price direction ■Salty Pleb: Used to describe jealous people who don’t own bitcoin ■Sell wall: A large ask on the order book Selling pressure: Selling momentum building to push prices lower ■Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment ■Short squeeze: closing out shorts due to a break of resistance and stops being triggered ■Short: Borrowing an asset to sell on the markets ■Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software ■Spoofing: When traders flash fake buy or sell walls ■Spoofy the bear whale: A mythical creature that traders use to blame for their bad trades Stop order hunting: When traders push the price to trigger stop orders |