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.

πŸ‘‰ Blockchain: a decentralized, digital ledger that records all transactions made on a network.

πŸ‘‰ Bitcoin: the first and most well-known cryptocurrency, created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto.

πŸ‘‰ Altcoin: any cryptocurrency other than Bitcoin.

πŸ‘‰ Wallet: a digital wallet used to store and manage cryptocurrency.

πŸ‘‰ Mining: the process of using computational power to validate transactions and add them to the blockchain.

πŸ‘‰ Hash: a mathematical function that turns data into a fixed-length output, used in the process of mining.

πŸ‘‰ Wallet address: a unique string of letters and numbers used to receive and send cryptocurrency.

πŸ‘‰ Public key: a wallet address that can be publicly shared to receive cryptocurrency.

πŸ‘‰ Private key: a secret code that grants access to a wallet and the ability to send cryptocurrency.

πŸ‘‰ Cold storage: the practice of keeping a wallet offline to increase security.

πŸ‘‰ Hot storage: the practice of keeping a wallet online and connected to the internet.

πŸ‘‰ Fork: a split in the blockchain that creates two separate versions of the cryptocurrency.

πŸ‘‰ Node: a computer or other device that participates in the network by maintaining a copy of the blockchain.

πŸ‘‰ Distributed ledger: a decentralized system in which all participants have a copy of the blockchain.

πŸ‘‰ Smart contract: a computer program that automatically executes the terms of a contract when certain conditions are met.

πŸ‘‰ Token: a digital asset that represents a specific value or utility within a larger ecosystem.

πŸ‘‰ Initial Coin Offering (ICO): a form of crowdfunding in which a new cryptocurrency is offered to the public in exchange for funding.

πŸ‘‰ Decentralized Finance (DeFi): a form of financial services built on blockchain technology that operates independently of traditional financial institutions.

πŸ‘‰ Stablecoin: a cryptocurrency pegged to the value of a fiat currency or other assets to reduce volatility.

πŸ‘‰ Liquidity: the ease with which an asset can be bought or sold in the market.

πŸ‘‰ Market capitalization: the total value of all coins or tokens in circulation.

πŸ‘‰ Bull market: a market characterized by rising prices and optimism.

πŸ‘‰ Bear market: a market characterized by falling prices and pessimism.

πŸ‘‰ FOMO: Fear of Missing Out, the feeling of missing out on potential gains in the market

πŸ‘‰ HODL: Hold on for Dear Life, a term used to describe the strategy of holding onto a cryptocurrency, regardless of market fluctuations.

πŸ‘‰ Shill: Promotion of a cryptocurrency coin for advertising purposes. Usually paid. 

πŸ‘‰ CT: crypto twitter 

πŸ‘‰ FUD: Fear, Uncertainty, and Doubt, spreading negative information to influence market sentiment.

πŸ‘‰ Moon: An investment that experiences extreme growth, akin to a rocket reaching the moon.

πŸ‘‰ Bagholder: Someone who holds onto an investment that has lost value, often used in a derogatory manner.

πŸ‘‰ Bullish: A market trend characterized by upward price movement.

πŸ‘‰ Bearish: A market trend characterized by downward price movement.

πŸ‘‰ Whales: Large investors who hold significant amounts of a particular cryptocurrency.

πŸ‘‰ TA: Technical Analysis, the study of past market data to predict future trends.

πŸ‘‰ FA: Fundamental Analysis, the evaluation of a company or asset’s financial and economic fundamentals to determine its value.

πŸ‘‰ ATH: All-Time High, the highest value a cryptocurrency has ever reached.

πŸ‘‰ DYOR: Do Your Own Research, a reminder to conduct independent research before making investment decisions.

πŸ‘‰ PUMP: artificially inflating the price of a coin by buying it in large quantities.

πŸ‘‰ DUMP: the opposite of PUMP, artificially deflating the price of a coin by selling it in large quantities.