The crypto world offers the chance to engage in online communities for cryptocurrency in general and those for specific coin types. Bitcointalk forums and social-media groups are open for crypto crankers to discuss news, investment strategies, and other pleasantries. If one wants to participate, one must be able to talk the talk.
For a head start on the talking part, here are ten of the most common crypto terms you can access, assess, and use to impress.
- HODL: It comes from a blog post published during Bitcoin’s crash in 2013. And when prices collapse and one is tempted to sell, just keep HODL-ing.
- Moon: When a coin is expected to rally dramatically, it is said to be heading ‘to the moon’. A coin is said to be “mooning” when it’s price experiencing such a spike.
- Lambo: the vehicle-of-choice for the crypto investor once one or more coins finally reach the moon. Participants ask whether such-and-such coin will enable them to buy a Lambo in the future.
- FUD: Fear, Uncertainty and Doubt, a tactic used to induce investors into selling their coins.
- DYOR: good advice, Do Your Own Research
- Whale: In the crypto ‘ocean’, a whale owns a significant proportion of a coin’s circulating supply, and can then use this holding to influence the price to his or her advantage.
- BTFD: Buy The ***king Dip, given as advice to investors when the market is in a downturn and a coin looks cheap to buy.
- FOMO: Fear Of Missing Out.
- Bag Holder: An investor who holds crypto that is decreasing in value and has little future prospect for recovery.
- Pump and Dump: Co-ordinated scheme to collectively buy a coin in order to boost its price (the ‘pump’). The participants sell the coin while it is pumped for a profit. As selling continues the price crashes (the ‘dump’).
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