Basic Crypto Terminologies Everyone Should Know - Let Me Know Your Score

[MCUKing]

I was just watching a few videos related to the crypto market and from there I found an idea of a very interesting topic of guiding what I have learned about the Basic crypto terminologies, To make it more interesting I am gonna ask a few interesting questions related to these terminologies and also let me know before reading how much terminologies you knew.

By dividing the terminologies into the classes according to my own view here is the list;

Basic Crypto Terminologies

➥ Altcoin: All tokens/coins except Bitcoins are altcoins. (Do you invest in Altcoins, if yes than Why ?).
➥ CEX: Centralized exchange platforms, like Binance, Coinbase, Kucoin etc
➥ DEX: Decentralized exchange platforms such as Uniswap
➥ Whales: The maker investors with large holdings of particular assets as > 1K BTC (are the whales). (Are you a whales ?).
➥ Shitcoin: Projects with massive supply and zero potential.
➥ KYC: Know Your Customer a policy imposed by platforms to grab the personal information. (What is your take on KYC ?).
➥ NFT: Non-Fungible Tokens.
➥ CT: Crypto Twitter as Glassnode and other Twitter accounts related to crypto. (Which CT you follow ?).
➥ ATH: All-Time High market value. (What can the upcoming ATH ?).
➥ ATL: All-time low of the market value.
➥ OTC: A buying or selling in which exchange is not involved. (Have you ever tried it ?).

Terminologies used in Analysis

➥ M.CAP: Market capital is the total value of the project.
➥ Total Supply: The maximum supply of a coin/token which can be mined or available in the whole lifecycle of the project.
➥ Circulating Supply: The supply of the project available in the market for the traders at the current time.
➥ Fully Diluted Market Cap: The market capital value for the total supply of the coin/token.
➥ Dominance: The sharing of a project in the market is its dominance. (Will Bitcoin hold its Dominance in Future ?)
➥ Portfolio: Having one or more funds in the wallet describes your portfolio in the market.
➥ FA/TA: Fundamental Analysis / Technical Analysis (Which one you prefer while trading?).
➥ Whitepaper: A document with the whole project's technical and basic details with future roadmap and team information.

Terminologies used in Trading

Spot Market: A market in which you trade with the real-time funds you have by buying and Selling. (Do you prefer Spot ?).
➥ Future market: A market in which you trade with your own and borrowed funds by Long and Short. (What about Future Market ?).
➥ P2P: Person to Person trade.
➥ Liquidity: The assets available in the market for buying and selling.
➥ Leverage: The borrowed funds used to trade in the Future market by 1X to 200X.
➥ Liquidation: A price range in which the trader loses his funds due to borrowing default.
➥ Long: A trade of buy in the future market.
➥ Short: A trade of sell in the future market.
➥ Support Level: A level in the market where we find strong buying trades.
➥ Resistance Level: A level in the market where we find strong selling pressure.
➥ Retracement: A pattern in which the market pumps from a price X to Y and then Y to Z and then Z to Y.
➥ Breakout: A specific market point from where breaks the strong resistance and Pumps.
➥ FakeOut: A specific market point in which the market break resistance and then again fall down after some time.
➥ Correction: A phenomenon of the market in which the market pumps and then again falls down (Due to profit booking).
➥ Accumulation: The process of continuous buying of Bitcoins or any other coin is called accumulation.
➥ Stop Loss: The price on which the trader exits from the market in loss to avoid more loss.
➥ Take Profit: The price at which trader books profit on trade to avoid greed.

Other Terminologies

➥ Noobs: The people who are new and uneducated to the market. (Which is your Level Now ?).
➥ Degans: People who invest in the the market without any analysis and information. (Did you started as Degan?).
➥ REKT: A person / trader who faces Heavy Loss.
➥ Rug pull: When the CEO / Owner of project dump all his coins in market by selling them. (Did you experienced any Rug pull on investment ?).
➥ PONZI: The financial trap schemes offer 100% to 300% of your assets in short time. (Is Bitcoin is PONZI ?).
➥ Low CAP Gem: A project with low market cap but huge future potential. (What do you think about BTC ?).
➥ Mainnet: The Blockchain we use in Realtime as final product is mainnet.
➥ Testnet: The Blockchain we use to test the functionality of blockchain is testnet.


Note: As you know these are all terminologies so the source cant be provided becasue some of them i have learned from Youtube and some i already knew. Please let me know how may you knew before for fun facts.

Update:

• Terminology
• Cryptocurrency Lingo/Slang
• A-Z Mini Cryptocurrency Dictionary
• Definition of some short Abbreviations used on forum. Everyone should know;
• Crypto acronyms and their meanings for beginners (CHECK OUT)

These all topics were given below by my dear fellow I have updated them, more likely there is more stuff to explore but these threads seems inactive.

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[Cantsay]

Please let me know how may you knew before for fun facts.

Anyone who has stayed in this forum and took their time to read through and carry out some research should have been familiar with those terms in your Op.
Several threads has been created back in the past about terminology and if you had carried out a little search you would have found them, but since you said "for fun facts" then I'll provide more of those threads to help you learn more since you're interested in them.

• Terminology
• Cryptocurrency Lingo/Slang
• A-Z Mini Cryptocurrency Dictionary
• Definition of some short Abbreviations used on forum. Everyone should know;
• Crypto acronyms and their meanings for beginners (CHECK OUT)

Here they are, enjoy yourself...

[348Judah]

Am not raising a counterfeit efforts to your contributions but i think this has been recently posted as well as been discussed over time, there's no doubt that we have a lot of terms in which you yourself isn't aware of them or included them on the list you presented but i can tell that there's more to expect than this and you have taken much of your efforts on this aspect that needed less, I believe you're still learning and will improve more better with time.

Here are few additional links to already created threads on terminologies.

https://bitcointalk.org/index.php?topic=5364986.0
https://bitcointalk.org/index.php?topic=3469416.0
https://bitcointalk.org/index.php?topic=4958338.0

[Faisal2202]

The great compilation you have made here, I get to know a few new terminologies which I could use to save my time. Which are:
OTC, CT -- Fakeout, Retracement -- Degan. I am amazed there is a difference between Noob and Degan's terminologies used in trading. As I thought Noob means no knowledge about crypto but never thought there will be another term for those who have no knowledge but try to do trading too. BTW, I like the term, Degan, hehe it looks more professional than calling someone a noob and there is a pro to it too, which is another person whom we are going to call Degan will never mind it but mind it when we call him a noob.

I read many other threads too, before reading this thread and after reading this thread (provided by other members). And i can say that knowledge is everywhere and you can get it from anyone, but you prefer only one among many. Why? Because of great representation. And i can say your way of representing and creating excitement about the topic is great.

[arbiter5]

If I had 1 BTC for every crypto terminologies thread that is posted here on Bitcointalk, I'd have the entire BTC supply already.

[mk4]

Apart from the likes of "what is bitcoin", "how to trade", and "how to earn merits", this is probably one of the most redundant topics ever created lmao.

[CryptSafe]

This is a good move mate. I actually like the fact that there are lots of good stuff like this coming up every time for newbies to see. It looks more interesting as you have cited more examples to your own write up which makes more sense and I must say if you had done a good research on this platform, you would notice that there are lots of such threads already existing. I think it would have been better to add it to there or possibly cite them here too to add up to their own write up adding yours to the number of posters that have been able to do such tasks by themselves.

I think it would also be of help to others too who are fresh and still having to go through the platform looking for things themselves.
OP, I would suggest you also include a source from where you copied so as to facilitate further research.

[MCUKing]

If I had 1 BTC for every crypto terminologies thread that is posted here on Bitcointalk, I'd have the entire BTC supply already.

Hmm, But I think it's too much watch out for your words buddy. 21Million  , Do you really think even 21 million terminologies (Recognized ones) can even exist?

Apart from the likes of "what is bitcoin", "how to trade", and "how to earn merits", this is probably one of the most redundant topics ever created lmao.

Ahhh, it hurts but anyway doesn't matter every type of mindset exists on the forum. At least before creating this topic and even before the seniors' post I was unaware of it that its most redundant topic ever created. Because the above provided threads are not even close in 6 months range.

[odolvlobo]

➥ PONZI: The financial trap schemes offer 100% to 300% of your assets in short time. (Is Bitcoin is PONZI ?).

A Ponzi scheme is a specific kind of scam in which the scammer pretends to invest a victim's money but keeps it instead. The scam is kept going by pretending to pay returns, but using invested money instead of actual returns.

Bitcoin itself cannot be a ponzi because it does not generate returns, nobody is running it, and it is 100% transparent.

[Mate2237]

These are terms we see in the forum day and night. So there are not new to users that have been in the forum for even a year. If a user is active in the forum for 1 year plus, he or she has seen them in a regular basis. Though no am not saying that what you op is doing is bad, newbies and old members who is confused of any of the term can visit your thread and see the meaning of the acronym/phrase and use it for the purpose of the time needed. But active users are familiar with them.

[Litecoindigger]

Wow, it's really detailed list and good source to research after it.
Many words on your list might appear common but new ppl don't know such words yet, it is easy to look up.
My favorite is HODL because it's nice and positive word.

Nice effort, OP

[Viscore]

Thank you for the efforts OP and surely, it will be of great use especially for the beginners. However, based on my own experience, I didn’t put an effort studying all these terminologies because you will actually learn them as you keep on experiencing trading and investing in the market. And if you do your due diligence exploring and studying the threads listed in the forum, you will come to understand and be familiar with these type of words.

[Botnake]

Apart from the likes of "what is bitcoin", "how to trade", and "how to earn merits", this is probably one of the most redundant topics ever created lmao.

Exactly. But it’s not surprising anymore as we often have newbies entering the forum so they will ask the questions again and again even if we are tired answering of it. Nevertheless, these terminologies are quite helpful but for me, I don’t think we’ll put high consideration on forcing yourself to learn from it since we will get used to it and be familiar about it once we stay long term in the forum.