Glossary of Cryptocurrency Jargon and Slang
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In the world of cryptocurrency, there are a plethora of terms that might seem foreign to the uninitiated. Here's a guide to some of the most common terms you'll encounter.
Arbitrage
Arbitrage is the non-speculative movement of funds from one market to another in order to profit from the difference in interest rates, exchange rates, or commodity prices.
Bearish and Bullish
These terms refer to conditions for falling or rising prices, respectively. A bearish market is characterised by a general decline in prices, while a bullish market is marked by a general increase.
Sats
Sats is the smallest unit of bitcoin stored on the blockchain. One satoshi is equal to 0.00000001 bitcoin.
Cryptoland
Cryptoland is a term for the bitcoin ecosystem, including all blockchain technologies.
Dildo
In the context of cryptocurrency, a dildo is a green or red candle that appears in a lot of graphs. These candles supposedly want to tell you about the increase or decrease of the exchange price of a certain token.
When Lambo?
"When Lambo?" is a communication term for when you expect to get rich from the growth of bitcoin.
Cryptoloot
Cryptoloot is a common name for all cryptocurrencies, sometimes used dismissively.
ATH
ATH refers to All-time high, the moment when the price of a cryptocurrency has reached its highest level.
Crypto-colonialism
Crypto-colonialism refers to wealthy individuals who have amassed a fortune through cryptocurrency trading and mining seeking advantageous tax treatment.
Cryptocripple
Cryptocripple refers to account restrictions on coinbase or a currency exchange due to verification issues.
Gas
Gas is a transaction fee.
Whale
A whale is a major holder of coins who can significantly affect the rate of a cryptocurrency if they sell.
FOMO
FOMO is an obsessive fear of missing out on an interesting event or a profitable opportunity, originating from social media.
Pump and Dump
Pump and Dump is a manipulative increase in the cryptocurrency market followed by a collapse.
Bitcoin Maximalist
A Bitcoin Maximalist is a person who sees no other coin but Bitcoin or believes that other coins can exist but that Bitcoin is superior and should never change.
Rekt
Rekt means to suffer losses in cryptocurrency trading due to poor timing.
ROI
ROI is the project profit expressed as a percentage of the invested capital.
Flippening
Flippening means a transition of crypto dominance, where Bitcoin may lose leadership in the cryptocurrency market.
Crypto-coaster
Crypto-coaster refers to trends in Bitcoin and other cryptocurrencies.
Faucet
A faucet is a website on which you can receive free cryptocurrency at certain time intervals.
Exit Scam
Exit Scam is a fraudulent practice in which the project collects money during or after the ICO, and then its team simply evaporates.
Cryptocrash
Cryptocrash refers to a frequent fall in the price of a cryptocurrency.
Long and Short
Long and Short refer to buying or selling cryptocurrency with the expectation of price changes.
Nonce
Nonce is a numerical parameter that is sought during mining (PoW algorithm) and recorded in the block header.
To the Moon
"To the Moon" means that the price has risen drastically, reaching the peak value.
Cryptodaddy
Cryptodaddy refers to anyone who uses or endorses crypto unironically as a good long-term investment.
The Bitcoin Maximalist Author
Recently, a Bitcoin maximalist author who portrays himself as knowledgeable but has no experience in the crypto field has gained attention. However, a search for the author's name did not yield any results.
Cryptodigger
A cryptodigger is a person who forms relationships with someone purely because of their success dealing in cryptocurrencies.
Bug Bounty
Bug Bounty is a program offered by many websites and software developers through which people can be recognized and rewarded with crypto (or not) for finding bugs, especially those related to exploits and vulnerabilities.
Short Squeeze
Short Squeeze is a situation when the price of a financial asset on the exchange soars, and the owners of short positions are forced to purchase shares as soon as possible to cover their losses.
Airdrop
An airdrop is a free distribution of tokens to everyone for signing up.
HODL
HODL means holding a coin even if it has crashed, awaiting further growth. It originated from a typo on the Bitcointalk forum in 2013.
Cryptosis or OCD (Obsessive Crypto Disorder)
Cryptosis or OCD (Obsessive Crypto Disorder) is a non-life-threatening disease caused by cryptocurrency hype.
Choyna
Choyna is a distortion of China, a country that is hugely influential to bitcoin because it's where the most trading and mining activity occurs.
BTFD
BTFD is an emotional impulse to buy collapsed stocks or other assets.
Cryptodouche
Cryptodouche is a derogatory term for that friend of yours who won't shut up about Bitcoin, Ethereum, etc. Brags about his virtual millions and how early he invested. Often found unconvincingly rambling about how Blockchain will revolutionize something that's been working just fine for centuries.
Mainnet
Mainnet is a blockchain that conducts real operations with cryptocurrency, forwarding it from senders to recipients.
Bagholder
Bagholder refers to a trader who kept altcoins in his portfolio for too long and they went down in value.
FUD
FUD stands for Fear, uncertainty and doubt, a tactic of psychological manipulation used in marketing and propaganda.
Cryptocuck
Cryptocuck refers to anyone who uses or endorses cryptocurrency unironically as a good long-term investment.
