If you are new in the cryptocurrency and trading world, it is good to know the meaning of some basic slang expressions and abbreviations. Using them will make you a part of the crypto gang! Let the incredible journey begin!
Initial Coin Offering. In simple terms, it’s like a crypto crowdfunding. For instance, if you have your own new cryptocurrency and wanna it to come on the market, you’d need to do an ICO to give early investors a chance to buy it for the cheapest price.
People who own a ton of cryptocurrency. They can create buy/sell walls.
All Time High. It means the highest historical price of a specific coin.
The process of acquiring cryptocurrency by using your computer power. No animal is harmed in the process.
When a blockchain splits into two separate chains. Kind of like when the roaches living in your kitchen are marching together, then a few of them start their own marching line and go a different way.
System that ensures maximum security and safety for your digital assets. In the cryptocurrency space, investors who want to preserve their digital assets for a long-term investment use this cold storage concept.
Real money, such as the US dollar.
HODL (hold on for dear life)
Long ago someone on a bitcoin forum got drunk and made a post with this typo in the place of “hold”.
Is a unit of value that is released by an organization and based on a blockchain.
It’s what we will all buy once when our cryptocurrencies make us rich.
A price of going up to astronomical levels.
See also: “When moon?”, a question only slightly dumber than “Why moon?”, “What moon?” and “Where moon?”
Coins with no real innovative technology behind them.
Fomo (fear of missing out).
It’s a fear of missing out on trades when crypto rise.
Newb — This might be you. We hope you will be a part of crypto slang world after reading this article 🙂
A fraud. An illegal plan for making money, especially one that involves tricking people.
Today we publish only the first part of crypto slang, so wait for the next part. Stay tuned!
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