Digitist
Published in

Digitist

Some Common Cryptocurrency Jargons

What you would be learning in this article

- Commonly used jargons in cryptocurrency exchanges
- Able to understand day-to-day trends, activities and cryptocurrency news on social media
- Communicate and write about ICo and cryptocurrencies in an official manner

People tend to misspell ‘HOLD’ as ‘HODL’ right? Or maybe they are right. It is the lesser known knowledge that makes one feel quite opposite.

HODL

The first appearance of the term ‘HODL’ dates back to 2013. It appeared for the first time in a thread called ‘I AM HODLING’ by a user GameKyuubi (courtesy of bitcointalk.org)

It was a misspelled phrase at that time that became a commonly used terminology. In simple terms, a typo that became a popular term.

There are multiple and commonly used cryptocurrency jargons that most everyday trader uses.

ATH

When a particular cryptocurrency tends to break each of its past records is said to be ATH. It simply breaks down as ‘All Time High’

WHALE

It refers to a trader with a higher level account, who is optimistic enough to see the market rise regarding a particular cryptocurrency.

FOMO

“Fear of missing out”. It has a literal meaning for the fear of missing out on profit over an investment.

REKT

Again a typo/misspelled variant of “wrecked”. The term describes about a trader who faces substantial losses form a downfall.

ADDY

“ADDY” refers to a cryptocurrency public address or a key.

FUD

“FUD” stands for Fear, Uncertainty, and Doubt.

ALTCOIN

Any cryptocurrency that is NOT Bitcoin.

DUMP

Selling of a coin.

BTFD

“BTFD” stands for ‘Buy The F*cking Dip. This also indicates buying of a coin when it is dumped high.

CHOYNA

China stands to be influential country in the Bitcoin space. Hence, people refer to China as CHOYNA in crypto groups and more places.

MCAP

Stands for Market Capitalization

PUMP

Aggressive or Upward price movement.

These were some of the jargons that are used in the crypto mediums. The cryptocurrency jargon list consists of many terms that sound casual, which is how it got to the public and became a language.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Anurag Ganguly

Anurag Ganguly

UX/UI & Visual Designer | Photographer | Minimalist | Tech Geek