Commonly Used Words In Crypto

In every industry, there is a special language to make communication easy and efficient. Those abbreviations have a great impact on the industry, lets understand what they are.

ALTCOINS : Alternate cryptocurrency that is any cryptocurrency other than bitcoin

BAGHOLDER : A person who buys and hold coins in large quantity hoping to make good profits in the future.

BEARISH : Negative price movement

BTFD : Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

BULLISH : Positive price movement

DILDO : Long green or red candles

DUMP : To Sell off a coin

DYOR : Do Your Own Research

FA : Fundamental Analysis

TA : Technical Analysis

FOMO : Fear Of Missing Out (A coin is pumping and you get the feeling it’s gonna pump more, so you buy high)

JOMO : Joy Of Missing Out

FUD : Fear Uncertainty & Doubt

HODL : Hold / Hold a position

LONG : Margin bull position

SHORT : Margin bear position

MCAP : Market Capitalization

MOON : Continuous upward movement of price

OTC : Over The Counter

PUMP : Upward price movement

SHITCOIN : A coin with no potential value or use

REKT : When you have a bad loss

WHALE : Very Wealthy trader/Market mover.

WEAKHAND : a coin holder prone to selling at the first sign of a deep in price.

ASHDRAKES : A situation where you lost all your money.

SAJ CANDLE : Huge green candle

REVERSEINDICATOR : Someone who is always wrong predicting price movements.

RSI : Relative Strength Index

SWING : Zig zag price movement (Upwards & Downwards).

DYOR : Do Your Own Research