Cryptocurrency Glossary of Terms & Slang
Simplifying cryptocurrency language & slang
The cryptocurrency community can be hard to understand. There are a lot of new slang terms and jargon you need to learn so that you can be better at investing in cryptocurrency.
Beginner cryptocurrency investing can be daunting so we’ve created a glossary of terms to help you.
π Blockchain: a decentralized, digital ledger that records all transactions made on a network.
π Bitcoin: the first and most well-known cryptocurrency, created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto.
π Altcoin: any cryptocurrency other than Bitcoin.
π Wallet: a digital wallet used to store and manage cryptocurrency.
π Mining: the process of using computational power to validate transactions and add them to the blockchain.
π Hash: a mathematical function that turns data into a fixed-length output, used in the process of mining.
π Wallet address: a unique string of letters and numbers used to receive and send cryptocurrency.
π Public key: a wallet address that can be publicly shared to receive cryptocurrency.
π Private key: a secret code that grants access to a wallet and the ability to send cryptocurrency.
π Cold storage: the practice of keeping a wallet offline to increase security.
π Hot storage: the practice of keeping a wallet online and connected to the internet.
π Fork: a split in the blockchain that creates two separate versions of the cryptocurrency.
π Node: a computer or other device that participates in the network by maintaining a copy of the blockchain.
π Distributed ledger: a decentralized system in which all participants have a copy of the blockchain.
π Smart contract: a computer program that automatically executes the terms of a contract when certain conditions are met.
π Token: a digital asset that represents a specific value or utility within a larger ecosystem.
π Initial Coin Offering (ICO): a form of crowdfunding in which a new cryptocurrency is offered to the public in exchange for funding.
π Decentralized Finance (DeFi): a form of financial services built on blockchain technology that operates independently of traditional financial institutions.
π Stablecoin: a cryptocurrency pegged to the value of a fiat currency or other assets to reduce volatility.
π Liquidity: the ease with which an asset can be bought or sold in the market.
π Market capitalization: the total value of all coins or tokens in circulation.
π Bull market: a market characterized by rising prices and optimism.
π Bear market: a market characterized by falling prices and pessimism.
π FOMO: Fear of Missing Out, the feeling of missing out on potential gains in the market
π HODL: Hold on for Dear Life, a term used to describe the strategy of holding onto a cryptocurrency, regardless of market fluctuations.
π Shill: Promotion of a cryptocurrency coin for advertising purposes. Usually paid.
π CT: crypto twitter
π FUD: Fear, Uncertainty, and Doubt, spreading negative information to influence market sentiment.
π Moon: An investment that experiences extreme growth, akin to a rocket reaching the moon.
π Bagholder: Someone who holds onto an investment that has lost value, often used in a derogatory manner.
π Bullish: A market trend characterized by upward price movement.
π Bearish: A market trend characterized by downward price movement.
π Whales: Large investors who hold significant amounts of a particular cryptocurrency.
π TA: Technical Analysis, the study of past market data to predict future trends.
π FA: Fundamental Analysis, the evaluation of a company or asset’s financial and economic fundamentals to determine its value.
π ATH: All-Time High, the highest value a cryptocurrency has ever reached.
π DYOR: Do Your Own Research, a reminder to conduct independent research before making investment decisions.
π PUMP: artificially inflating the price of a coin by buying it in large quantities.
π DUMP: the opposite of PUMP, artificially deflating the price of a coin by selling it in large quantities.