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