Though Im not a newbie in this forum, I am in the world of bitcoin. I would like to have some clarification or definition of some keywords that we use to hear in the bitcoin world. kindly give its meaning so that we can have an idea of what really is the meaning of it.
-Blockchain/Blockchain Technology
-Cryptocurrency
-Airdrops
-Bounties
-HODL
-Pump & Dump
-To The Moon
-Exchanges
-FUD
-Fiat
-Wallets
-
If I miss some then just add and define it for us. Thanks Guys. More Power to us and to this forum.
I'll to give small explanations in addition to what they mean:
-Blockchain/Blockchain Technology = The underlying technology of crypto. By solving complex math problems you are rewarded with some coin and a block (like an ledger that anyone can see) is created.
-Cryptocurrency = The general term for all digital currency
-Airdrops = Companies will sometimes give out free coins as promotions or rewards.
-Bounties = You get rewarded with coins for helping advertise their company
-HODL = Keep you coins. Don't sell, trade or move them.
-Pump & Dump = An evil tactic where a large amount of people pool together resources to artificially increase the price of a coin to make profit then sell it off
-To The Moon = A coin has or will increase in value 100%, 500%, or even 1000%!
-Exchanges = Places to trade your crypto
-FUD = Fear, uncertainty and doubt. Sometimes people will try to shake investors confidence in a coin to get them to sell it. This will drive the price down so they can snatch up cheaper.
-Fiat = "Normal Money" (usd, euro, pound sterling, etc.)
-Wallets = The place where you "store" your crypto. There are many kinds, hardware wallets, mobile wallets, paper wallets, web based.