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Cryptocurrency Slang Terms for Trading

When your trading crypto it's important to know the cryptocurrency slang terms. Here is an updated list of some of the most commonly used terms and slang for cryptocurrency trading.


Cryptocurrency Slang:


Example: "The only way your going to make any money with crypto is to HODL! Even when the price drops, don't sell. Stay strong and HODL."
In early crypto forums, someone posted a message that spelled the word "hold" wrong (lol). Some members interpreted it as an acronym "Hold On for Dear Life." Makes sense.It since has become a meme. When prices are highly volatile, crypto buyers say HODL! Most Crypto enthusiasts are long term HODLers.


Example: "When the price of your crypto stash goes down, you have to have strong hands and HODL."
If you buy into any crypto asset at a certain price point, and then the price drops below the price you bought it for, you don't immediately panic sell. You have to have "strong hands" and hold on to your crypto. The price will likely go back up, don't lose money on your initial investment. Stay strong.


2. FUD
Example: "If someone tells you crypto is a bubble, they just have FUD." or "Non-coiners love to spread FUD."
FUD = "fear, uncertainty and doubt." Crypto followers advise to HODL your coins despite the FUD of those outside the community, or jealous non-coiners.


Example: "When Coinbase won't get your friends deposit for 8 days and they are freaking out. They have some serious FOMO! "
FOMO = Fear of missing out. "People start the see the price of a coin skyrocket or take off and they want to get in on it, so they buy in at a higher price because of all the FOMO." Don't do that.


4. Sats
Example: "How many sats should I buy at this price?"
"Sats" is short for "satoshis," a term derived from the first name of bitcoin's mysterious creator, Satoshi Nakamoto(?). It refers to the smallest fraction of a bitcoin that can be sent, which is 0.00000001 of a bitcoin. Instead of looking at bitcoin in terms of a dollar value. Most "real crypto traders" look at sats, or satoshis of a coin.


5. Pump and dump
Example: "This coin's chart looks like it was a pump and dump."
Pump and dumpers are pools of people that get together and pump a coin. Which means buy the coin, create the demand in the market and the coin will go up in value. These schemes are very common. Watch out and stay away from it.


6. Bagholders
Example: "I think this coin is going to plummet in price, and someone's going to be left as the bagholder."
A bagholder, essentially, is a very unfortunate crypto holder who at the end of the day — possibly from a pump and dump — who is left  "holding with the bag" which means they wanted to sell at a higher price, but the market moved too fast, and now they cant sell it for a higher price they the bought it. Don't be a bagholder.


7. Mooning
Example: "XRP is mooning! Look at it good! Were on our way boys. To the moon!"
If something is "mooning," that means a coin's price is experiencing a spike.
Crypto-watchers often get excited about minor bumps in price and boast that their coin is headed "to the moon". Which is true, because it is.
Some people don't like the term. Screw them.


Example: "Lotta whales causing this coin's price to spike."
A whale is someone who buys a lot of cryptocurrency. They sometimes are know to use their vast wealth to manipulate the price of a coin.
If a "whale" sells a lot of their stake, it can cause the price of a cryptocurrency to dip by flooding supply.


Ledger Nano S - The secure hardware wallet

Crypto Trading Lingo:

ATH= All time price high

BEAR/BEARISH = Negative price movement

BTFD = Buy The Fu*king Dip (an indication to buy a coin when it has dumped so hard)

BULL/BULLISH = Positive price movement

DILDO = Long green or red candles

DUMP = To Sell off a coin

DUMPING = Downward price movement

DYOR = Do Your Own Research

FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)

JOMO = Joy Of Missing Out

LONG = Margin bull position

MCAP = Market Capitalization

MOON = Continuous upward movement of price

PUMP = Upward price movement

SAJ CANDLE = Huge green candle

SHITCOIN = A coin with no potential value or use

SHORT = Margin bear position

SWING = Zig zag price movement (Upwards and downwards)

TA = Technical Analysis

REKT = When you have a bad loss


Crypto Terminology:

Altcoin – a cryptocurrency which isn’t bitcoin. Includes Ripple, Monero, Dash, Tron, XLM, POE, NEO and about 1400 others.
ASIC – Application Specific Integrated Circuit. These are the specialised silicon chips which process the SHA-256 algorithm to mine bitcoin and validate transactions.
Bitcoin – Digital money which is based upon cryptography, invented by Satoshi Nakamoto.
Bitpay – Bitcoin processing company who allow merchants to accept bitcoin as a payment method.
Blockchain – a distributed and peer to peer digital ledger.
Block Reward – this is the cryptocurrency reward that miners receive for successfully hashing a transaction block.
Cold Storage – secure way of keeping cryptocurrencies off exchange.
Difficulty – the level of resistance encountered when trying to hash a new block in the bitcoin blockchain.
Flippening – the name given for the event where a cryptocurrency who surpasses bitcoin in market capitalisation (yet to happen at time of writing).
Forging – the name giving to the process in proof of stake blockchains where there is no block reward. Forgers keep transaction fees instead.
Fork – what happens when a blockchain diverges into two potential paths forward.
Genesis Block – the first block to be mined in a blockchain.
Halving – the rate at which the block reward creates new bitcoin, halving every four years.
Hard Fork – new blockchain software that is non-backwards compatible, causing a chain split.
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).
Hash Rate – the amount of hashes a miner can perform in a period of time.
Initial Coin Offerings (ICO) – cryptocurrency often (but not always) built on Ethereum which raise money on the basis of an idea.
Lightening Network – builds on networks like bitcoin and litecoin to allow off-chain settlements.
Market Capitalisation – the value of cryptocurrency as determined by price (x) circulating supply of coins.
Mining – the process used to create coins or tokens and verify transactions on a proof of work blockchain
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.
Proof of Work – this is difficult and costly to produce, but easy to verify by others. The mechanism used in the bitcoin blockchain.
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.
Segregated Witness – is a proposed scaling solution for bitcoin involving a soft fork.
Smart contracts – applications that run as programmed, without external influence.
Soft Fork – new software that is backwards compatible, so the blockchain doesn’t split.