Title: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 03, 2018, 03:59:58 PM Cryptocurrency Lingo/Slang
https://i.imgur.com/S4Hsd2s.png List of the Cryptocurrency Lingo/Slang which can help out others as well: 1. HODL Hold On for Dear Life. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin. 2. FOMO Short form for ‘Fear Of Missing Out’. The feeling when you see a huge green dildo on a chart and you don’t own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto. 3. FUD Short form for ‘Fear, Uncertainty and Doubt’. Usually used in the form of “xxx spreading FUD again.” Example: JPMorgan’s Dimon spread FUD by saying Bitcoin is a fraud that will eventually blow up. https://www.smallcapasia.com/wp-content/uploads/2017/09/spread-fud.jpg 4. ATH Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin. 5. Whale A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital. 6. Pump and Dump The recurring cycle of an Altcoin getting a spike in price followed by a huge crash. Such movements are often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price. 7. Shill The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin. 8. Bag Holder A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins. 9. Margin Trading A term for ‘trading with leverage’. In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and sell it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern. 10. Long A position that a trader takes. To take a long position on something is to believe its value will rise in the future. 11. Short A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future. 12. Limit Order An order placed at a future price that will execute when the price target is hit. 13. Borrowing Rate When you open a leveraged position, you will be borrowing coins at a pre-determined rate. This rate will be added to reflect your position’s overall profit and loss. 14. Lending Rate Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades. The lending rate fluctuates throughout the day based on the demand for shorting the coin. 15. Fill or Kill A limit order that will not execute unless an opposite order exceeds this limit order’s amount. 16. BUY | SELL Wall A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target. https://i.imgur.com/KkoKj8y.png 17. Altcoin “Alternate coin” so it is everything other than Bitcoin (BTC). Bitcoin is the main index for cryptocurrency market. If BTC goes up, other coins go up. If BTC goes down, other coins go down. 18. Circulating Supply The price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap. 19. Market Cap. A stock’s market cap refers to the market value of the company’s outstanding shares. In the cryptocurrency market, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market. https://i.imgur.com/2quLbk2.png 20. DDOS Short form for ‘Distributed Denial of Service’. A well-timed DDoS attack at exchanges during volatile movements may be devastating as traders will not be able to execute any order manually and will be at the mercy of their pre-set, or the lack of, limit orders. 21. ICO Short form for “Initial Coin Offering”, which takes a page from the usual IPOs investors know. Coins bought during ICOs are usually sold for a profit when the coin first hits exchanges. This is due to the initial hype which increases demand for the coin. On the supply side, ICOs create entry barriers as the buyer has to set up his private wallet to receive the coins from the ICO purchase. 22. Arbitrage The act of buying and selling on different exchanges to earn the difference in the spread. Arbitrage opportunities occur due to differences in exchange reputation, community coin preferences and ease of bank funding. Take note that fees, limits and prices could change anytime when you are transferring your coins between exchanges, especially during volatile times. 23. BTFD “Buy The Fucking Dip” – When people are running around and selling because of fear, this is the time to buy. 24. Moon Extreme bullish movement of a coin. https://i.imgur.com/qznQyg3.png 25. Weak Hands Those who cannot be patient and sell at loss when the market is down. 26. Token Airdrop Simply put, an Airdrop means a coin/token is distributed to the community for free or for small tasks. This is done to ensure early distribution and to have as many people with “skin in the game” as possible. An Airdrop aims to build a huge community easily as people will pay attention to the coin they hold. Furthermore, they tend to promote this coin for profits, and this may cost the Development Team little to achieve the goal of advertisement. 27. Vote for Token Listing Vote for the coins you'd most like to be listed for trading. 28. ETA Short for Estimated Time of Arrival,is an estimate time for something to be done. https://i.imgur.com/EqZrPsV.png 29. Bounty Refers to a reward for users who promote the usage of cryptocurrencies(usually ICO campaign) through various social and business networks. 30. Buying the Dips To buy into the market when the market makes a downward move by a 'large' percentage (in crypto this can be anything from a 10% to %50+ move). Read more here (https://bitcointalk.org/index.php?topic=3206909) 31. Shitcoin Is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation. 32. When Lambo? It's the act of asking when we are going to get rich? 33. Lambo Aspirational symbol of success. 34. Whitepaper In cryptos is prepared by a party prior to launching a new currency. It details everything you need to know about the currency before making up your mind if you want to invest, purchase or use it. 35. Distributed Ledger Is a database in which the data is shared to all participants in the network. All those participants record, share an synchronize the whole data. There is no need for a central authority in a distributed ledger. Blockchain is somehow a distributed ledger. But the process of organizing the database throught blocks, and linking these blocks using hashes, the method of consensus based on Proof of Work, is totally different from a common distributed ledger. 36. ASIC Application Specific Integrated Circuit. These are the specialized silicon chips which process the SHA-256 algorithm to mine bitcoin and validate transactions. 37. ASIC Miners This is the hardware which houses the ASIC silicon chip. Connected to the internet. 38. Bitpay Bitcoin processing company who allow merchants to accept bitcoin as a payment method. 39. Blockchain A distributed and peer to peer digital ledger. 40. Block Reward This is the cryptocurrency reward that miners receive for successfully hashing a transaction block. 41. BTC Symbol for bitcoin 42. Charlie Shrem Flamboyant and early bitcoin entrepreneur. 43. Cold Storage Secure way of keeping cryptocurrencies off exchange. 44. Cryptocurrency Generic term for digital and cryptography based money. 45. Difficulty The level of resistance encountered when trying to hash a new block in the bitcoin blockchain. 46. Exchange Where fiat money can be exchanged for bitcoin or altcoins. 47. Faucet A reward system on a website that dispenses bitcoin in the form of a Satoshi (a hundred millionth of a bitcoin) 48. Fiat The name for bank issued money, derived from the latin ‘let it be’. 49. Flippening The name given for the event where a cryptocurrency who surpasses bitcoin in market capitalisation (yet to happen at time of writing). 50. Forging The name giving to the process in proof of stake blockchains where there is no block reward. Forgers keep transaction fees instead. 51. Fork What happens when a blockchain diverges into two potential paths forward. 52. Genesis Block The first block to be mined in a blockchain. 53. Halving The rate at which the block reward creates new bitcoin, halving every four years. 54. Hard Fork New blockchain software that is non-backwards compatible, causing a chain split. 55. Hard Wallet Device which allows cold storage of coins, for increased security. 56. Hash The name for an algorithm which takes an arbitrary sized data set and converts it to a fixed length and composition. Bitcoin uses the SHA-256 algorithm (converting to 256 bit data sets). 57. Hash Rate The amount of hashes a miner can perform in a period of time. 58. Lightening Network Builds on networks like bitcoin and litecoin to allow off-chain settlements. 59. Maximalist Another crypto slang term for a bitcoin believer who is sceptical of altcoins. 60. Mining The process used to create coins or tokens and verify transactions on a proof of work blockchain 61. OCD Obsessive Cryptocurrency Disorder. Suffered by those who can’t stop monitoring the value of their coins. 62. Paper Wallet A form of cold storage. These are public and private keys held on a piece of paper. A good designer can make them look like branded bank notes. 63. Private Key A secret number that allows bitcoins to be spent. 64. Proof of Work This is difficult and costly to produce, but easy to verify by others. The mechanism used in the bitcoin blockchain. 65. Proof of Stake A blockchain where there is no block reward or mining, as the creator is determined depending on stake (see forging). Less energy intensive than proof of work. 66. Public Key Usually represented as a bitcoin address, this is the information needed to receive bitcoin. 67. Satoshi Nakamoto The pseudonymous creator of bitcoin. 68. Scrypt The hashing algorithm used by Litecoin. 69. Segregated Witness Is a proposed scaling solution for bitcoin involving a soft fork. 70. SHA-256 The algorithm used for bitcoin hash creation (bitcoin’s proof of work). 71. Silk Road The first modern dark net market, achieved notoriety. Subsequently shut down by the FBI who then auctioned confiscated bitcoins. 72. Smart contracts Applications that run as programmed, without external influence. 73. Soft Fork New software that is backwards compatible, so the blockchain doesn’t split. 74. Wallet The software that allows the spending, receiving and storing of cryptocurrency. 75. Winklevoss Twins Early proponents of bitcoin, tried to establish a bitcoin ETF (exchange traded fund) which was rejected in March 2017. 76. 51% Attack A potential attack on the bitcoin network whereby an organization is somehow able to control the majority of the network mining power (hashrate). Bitcoin is secured by having all miners (computers processing the networks transactions) agree on a shared ledger called the blockchain. Read more (https://learncryptography.com/cryptocurrency/51-attack). 77. BEAR This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall. 78. BULL This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will rise and wants to profit from that rise. 79. BEARWHALE This means a trader with a fat account who is bearish on the price of a cryptocurrency. 80. REKT This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price. 81. ADDY This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.” 82. DILDO Long green or red candles 83. DYOR Do Your Own Research 84. FA Fundamental Analysis 85. JOMO Joy Of Missing Out 86. TXid = transaction ID used for finding a transaction on a block explorer. Explorer = Block explorer used to verify transactions. 87. To get Goxed To suffer from mt. gox’s technical glitches; to get screwed over by mt. gox; to lose all your money in a speculative investment. 88. To take a Big Vern holiday To disappear like Paul Vernon - the owner and CEO of the now defunct Cryptsy who "vanished" like the exchange funds. Also referred to as an "exit scam". This is where the exchange owner takes your funds and disappears. 89. To receive a BFL upgrade To receive something substandard much later than promised. (BFL = ButterFly Labs) 90. To buy a Yesminer To pay for something and never receive it. You can also read: Terminology (https://bitcointalk.org/index.php?topic=126798) Feel free to add more if I missed anything. Source (https://bitcointalk.org/index.php?topic=2968050.new#new) Source (https://www.smallcapasia.com/what-is-fud-hodl-or-fomo-in-cryptocurrency-lingo-find-out-more-here/) Source (https://www.quora.com/What-is-a-whitepaper-in-cryptocurrencies) Source (https://hodlthemoon.com/terminology) Read more. (https://www.investopedia.com/terms/s/shitcoin.asp) Additional Slang (https://bitcointalk.org/index.php?topic=3250658.msg38138851#msg38138851) Additional Slang(xtraelv) (https://bitcointalk.org/index.php?topic=3250658.msg43982294#msg43982294) Be Positive Title: Re: Cryptocurrency Lingo/Slang Post by: atomous on April 03, 2018, 06:28:11 PM I love it!
Meaningful topic that mostly needed by new members. Most especially like me as beginner. Reading the entire words one word that I can pinpoint search well done my fellow. Keep up the good work! Title: Re: Cryptocurrency Lingo/Slang Post by: dexone on April 04, 2018, 12:37:36 PM Love it. Very helpful to those new to cryptocurrency investing.
Title: Re: Cryptocurrency Lingo/Slang Post by: without_my_moufles on April 05, 2018, 05:12:07 AM What about "shitcoin", "when lambo?" ?
Title: Re: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 05, 2018, 05:35:55 AM What about "shitcoin", "when lambo?" ? Thank you so much. I really appreciate it. Added Lingo: 31. Shitcoin Is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation. 32. When Lambo? It's the act of asking when we are going to get rich? 33. Lambo Aspirational symbol of success. Title: Re: Cryptocurrency Lingo/Slang Post by: Discourze on April 21, 2018, 11:22:11 PM Thank you for posting this, it's a very useful thread for newbies trying to understand this new world. ;)
Title: Re: Cryptocurrency Lingo/Slang Post by: without_my_moufles on April 22, 2018, 02:02:05 AM What about "shitcoin", "when lambo?" ? Thank you so much. I really appreciate it. Added Lingo: 31. Shitcoin Is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation. 32. When Lambo? It's the act of asking when we are going to get rich? 33. Lambo Aspirational symbol of success. Then also "when Fiat Panda?" Title: Re: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 22, 2018, 03:20:33 AM Then also "when Fiat Panda?" Have not heard about “when fiat panda” in the world of cryptocurrency. You can give example please. I am sure if someone know the answer he or she will reply to this thread. Title: Re: Cryptocurrency Lingo/Slang Post by: paiinfo on April 22, 2018, 04:19:05 AM Here is a topic that also defines common cryptocurrency vocabulary : https://bitcointalk.org/index.php?topic=3356527.0
Title: Re: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 22, 2018, 04:50:07 AM Here is a topic that also defines common cryptocurrency vocabulary : https://bitcointalk.org/index.php?topic=3356527.0 Thank you. Op (heokonit) should have read this topic (do research for any topic related) and just replied here so we can avoid spamming in this forum. Title: Re: Cryptocurrency Lingo/Slang Post by: HabBear on April 22, 2018, 05:02:25 AM Another one of these threads?
There's only two terms in this list that are specific to Bitcoin, and neither are new. They are....:
Anyone not knowing those needs to read this thread for longer than 10 minutes to find the answers...or just PM me. Title: Re: Cryptocurrency Lingo/Slang Post by: bokuto on April 23, 2018, 02:44:21 AM I actually read and finished the whole thing. Thanks a lot! ;D ;D
Title: Re: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 23, 2018, 01:23:23 PM 1. HODL Hold On for Dear Life. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin. You can check the iconic post here: I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0) Title: Re: Cryptocurrency Lingo/Slang Post by: without_my_moufles on April 25, 2018, 01:09:35 PM Then also "when Fiat Panda?" Have not heard about “when fiat panda” in the world of cryptocurrency. You can give example please. I am sure if someone know the answer he or she will reply to this thread. I guess it is a kind of sarcasm about "when lambo?" for shit coins. Title: Re: Cryptocurrency Lingo/Slang Post by: theyoungmillionaire on April 26, 2018, 11:22:02 AM 77. 51% Attack
A potential attack on the bitcoin network whereby an organization is somehow able to control the majority of the network mining power (hashrate). Bitcoin is secured by having all miners (computers processing the networks transactions) agree on a shared ledger called the blockchain. Read more (https://learncryptography.com/cryptocurrency/51-attack). Title: Re: Cryptocurrency Lingo/Slang Post by: xtraelv on May 22, 2018, 08:43:27 AM BEAR
This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall. BULL This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will rise and wants to profit from that rise. BEARWHALE This means a trader with a fat account who is bearish on the price of a cryptocurrency. REKT This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price. ADDY This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.” BTFD Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard) DILDO Long green or red candles DUMP To Sell off a coin driving the price down. PUMP To drive the price up by buying. DUMPING Downward price movement PUMPING Upward price movement DYOR Do Your Own Research FA Fundamental Analysis JOMO Joy Of Missing Out TXid transaction ID used for finding a transaction on a block explorer. Explorer Block explorer used to verify transactions. Hardware wallet Dedicated device for securely storing crypto offline. (Ledger, Trezor etc) Title: Re: Cryptocurrency Lingo/Slang Post by: ishietan on May 22, 2018, 04:15:11 PM Thank you for posting. Some terms are familiar to me. This is also used in stock market
Title: Re: Cryptocurrency Lingo/Slang Post by: xtraelv on August 13, 2018, 12:45:23 AM "To get Goxed" Definition: To suffer from mt. gox’s technical glitches; to get screwed over by mt. gox; to lose all your money in a speculative investment .
"To take a Big Vern holiday" Definition: To disappear like Paul Vernon - the owner and CEO of the now defunct Cryptsy who "vanished" like the exchange funds. Also referred to as an "exit scam". This is where the exchange owner takes your funds and disappears. "To receive a BFL upgrade" Definition: To receive something substandard much later than promised. (BFL = ButterFly Labs) "To buy a Yesminer" Definition: To pay for something and never receive it. |