When I started in cryptocurrency a few months ago I joined a few online communities and noticed that they were all talking in strange acronyms I have never heard of before. I’m sure most of you out there have been told to HODL your coins or that a coin is mooning but what does that really mean. I hope this brief rundown of the most common words in crypto will help you out!
FUD Fear, uncertainty and doubt, basically its propaganda to lower prices of a coin
FOMO Fear of missing out
ATH All time high, the highest price a coin has ever been
ICO Initial Coin Offering, similar to a IPO (initial price offering for a stock)
ROI Return on investment ie. (Gains – Initial investment )/ initial investment
HODL Either Hold on for dear life or a misspelling of the word HOLD
POS Proof of Stake (these are all improvements to a particular crypto’s algorithm)
POW Proof of work
DPOS Delegated Proof of Stake
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Mooning Price of a crypto is going up extremely high
Fiat Government issued currency ie USD, GBP, CAD
Whale Someone who owns a lot of crypto
Bullish or Bull Market An expectation that the price is going to increase
Bearish or Bear Market An expectation that the price is going to decrease
Market Cap Circulating supply X Currency crypto price
Cold Storage Moving cryptocurrency offline onto paper or hardware wallets
Fork When Bitcoin is forked into two separate coins – the original and a new one
Blockchain A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
Shill A shill is a person who underhandedly promotes a project for their own self- interest while disguising it as sincerity. Shills will generally focus on the positives of a coin while omitting anything significantly negative about it. It comes from the days of traveling salesmen and con-artists, where the shill was a person who was in on the con, but pretended to be an ordinary customer, in the hopes to trick other people into buying the product.
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