Cryptocurrency trading terminology explained

Dr Brent Coker
Nov 4 · 2 min read
Tweetdeck screenshot
Tweetdeck screenshot

The biggest platform for interacting with other crypto traders is twitter. Get yourself Tweetdeck and setup your favorite coins in columns, and play along as the price rises or drops (or goes sideways. For day and days argh!).

Here are the terms people use, so you can understand what’s going on.

$btc $eth etc — Coin tags used to group twitter chatter by crypto currency

HODL — To hold a coin (not sell)

Moon — rapid increase in price

Rekt — Losing trade (short or long term)

Pump (sometimes spelt “pamp”)– rapid increase in price, but suggestive of artificial manipulation (pump n dump)

Whale — an individual or entity with a very large holding of a cryptocurrency. Usually in reference to extremely large buy/sell orders that have the effect of altering price

Fomo — “Fear of Missing out” — usually in reference to entering a bad trade (“I fomo’ed in…”)

Alt-season — the mythical (?) re-enactment of the 2017 bull run

Knifedrop — extremely quick price drop

Long — expecting a price to increase

Short — expecting a price to decrease (on some exchanges you can short crypto — but not all coins, and it is not that common)

Low sat — a coin that has a sub 100 satoshi value

Dr Brent Coker

Written by

Consumer Psychologist | Author | Founder brentcoker.com |wearcape.com.au

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