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Crypto Terms You Should Know

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#cryptocurrency #HODL #bitcoin #KNIGHTS

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There are lot of crypto terms out there, and whether you are a vet or new to the digital asset sector, below a list of the Top cryptocurrency terms that you should know, as follows:

1. HODL – The act of holding on to a coin for the long term instead of selling it. Made famous by this epic post.

2. Altcoin – Every cryptocurrency other than bitcoin

3. FOMO – Fear of missing out. This happens when a coin is rising in value and you’re considering buying at a high price even though you might be too late

4. JOMO – Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin

5. Moon – Where everyone wants their coin to go, up and into outer space

6. Bag Holder – Someone who is holding a lot of coins in the hopes that it will go up in the future

7. Shitcoin – A worthless and dead coin with no real value

8. Dumping – Downward price movement or a decision to sell a coin

9. DYOR – Do your own research

10. FUD – Fear, uncertainty and doubt

11. Whale – A super wealthy trader with a lot of money to spend

12. Mining – The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power

13. Long – A decision to hold onto a coin for the long term

14. REKT – When a coin goes down sharply and you have a bad loss

15. Lambo – The car that many people want to buy when they strike it rich

16. Swing – When the price of a coin is moving up and down at a rapid rate

17. Pumping – A coordinated effort to boost a coin by buying a lot of it all at once

18. Bearish – When the sentiment on a coin is negative

19. Bullish – When the sentiment on a coin is positive

20. Exchange – Websites that allow you to purchase and sell cryptocurrencies

21. FIAT – Any currency that is issued by a government

22. TA – Technical analysis

23. ATH – All-time high

24. FA – Fundamental analysis

25. MCAP – Market capitalization

Have a healthy, prosperous week, Keep the Faith!

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