Learn The Lingo 101

If you are new to the crypto-community, you have arrived at one of the most informative blogs on medium…well, I hope you think so! I’ve collected a list of terms you need to gain understanding with if you plan on getting a good grip on the cryptocurrency realm.
Definitions (In Alphabetical Order)
Altcoin: A substitute name for “Alternate coin” — Used to describe any cryptocurrency other than Bitcoin(BTC) and Ethereum(ETH).
Arbitrage: A successful opportunity due to a price difference for the same currency in two or more exchanges.
Asking price: Selling price.
ATH: “All time high”.
Average Down: Buying coins when the price of said coin is decreasing to average the overall price.
Bagholder: A trader of investor who holds coins until the price becomes close to none, hoping it would go up again.
Bear/Bearish: When the price seems or actually does go down.
Bid price: Buying price
Bid-Ask Spread: Gap between the sell and buy price.
BTD: Buy the dip. Buy low.
Bull/Bullish: Price seems to go up
Day Trading: An act of making profit by trading short-term.
DYOR: Do Your Own Research
Exchanges: There are a number of exchanges including — Bitvo(Canadian), Binance(Hong Kong), Kucoin(Hong Kong), Bithumb(Korea), Bitfinex(USA), Coinbase(USA), Coinone(Korea), Upbit(Korea), Huboi(Hong Kong)
Fiat: Money currency like: USD, KRW, JYP, CYN
FOMO: Fearing of missing out.
FUD: Fear. Uncertainty. Doubt. The feeling when you start to see the price of a coin drops and you think “Oh shit, I better get out of this now.” and dump all of your coins. This is usually related to bad news with a coin.
Futures: Contracts that an investor buys/sells at a certain price in the future.
Going long/short: Going long-term/short-term. Another word for hold/flip.
Hedge: An investment strategy aimed at lowering risk.
ICO: Initial Coin Offering: Token producer does pre-sale of tokens before the tokens are available on exchanges to trade. Similar to IPO with stocks.
Limit Order: Buy or sell order at the designated price.
Margin Trading: Borrowing money from others to invest.
Market Order: Buying or selling at the optimal price determined by the masses.
Portfolio: The coins you’ve invested in.
Rally: A period of maintained increases in the prices.
REKT: Bad loss. Derived from “Wrecked”
ROI: Return on investment. Measured in a percentage, it is used to indicate success of investment.
Shill: An act of telling others how great a certain coin is.
Shitcoin: A coin that has no value.
Signals: Another word for sending action (buy/sell).
TA: Technical analysis or trend analysis.
To the moon: A phrase used to indicate the price is going up or that you haven’t given up hope in the coin in questioning.
Volatility: Another word for price fluctuation.
Wallet: A bank account for your coin(s).
Weak hands: An investor who panic-sells during tough days due to emotional stress and pressure.
Whale: A person with a very high budget, therefore is able to manipulate the prices of specific crypto assets.
