Crypto Terms You Need To Know


Here are some of the terms and keywords used in Cryptocurrency

FIAT
Government-issued currency.

Whale
Someone that owns allot of crypto-currency.

Limit order / limit buy / limit sell
Orders placed to buy or sell a crypto when the price gets to a certain amount.

Sell wall / buy wall
A chart that looks like a wall and shows the current limit buy and sell points.

Market order / market buy / market sell
Purchase or sale on an exchange at the current price.

Margin trading
Increasing the intensity of your trades by risking your existing coins.

Going long
A margin trade that profits if the price increases.

Going short
A margin trade that profits if the price decreases.

Bullish
An expectation that price is going to increase.

Bearish
An expectation that price is going to decrease.

ATH
All-Time-High.

Altcoin
Generally any crypto-currency other than Bitcoin or Ethereum.

ICO
Initial Coin Offering.

Shilling / pumping
Someone advertising another crypto-currency and potentially hyping it up.

Stable coin
Stable cryptocurrency, usually used to trade against the overall market.

Arbitrage
Taking advantage of a difference in price of the same thing on two different exchanges.

FOMO
Fear Of Missing Out.

FUD
Fear, Uncertainty, and Doubt.

FUDster
Someone that is spreading FUD.

Pump And Dump
Coin getting a fast price increase only to have a crash later.

Bagholder
Someone still holding an coin after a crash.

Market Cap
The total value held in a crypto-currency.

TA
Trend Analysis or Technical Analysis.

MACD
A trend indicator that shows the relationship between two moving averages of prices.

Bollinger Band
A margin around the price of a cryptocurrency.

Mining
The process of using computer processing power to solve the next block.

Mining rig
A computer especially designed for processing blockchains.
Sharding
A scaling solution for blockchains.

Software Wallet
Storage for crypto-currency as software files on a computer.

Hardware Wallet
A device that can securely store crypto-currency.

Cold storage
Moving crypto-currency offline..

Mooning
In the crypto-world, this does not mean exposing your buttocks. It is referring to a price going up astronomical levels.

Credit: https://cryptominded.com/glossary-cryptocurrency-terms-need-know/

Publisher: Hyper Zone Jing Bao
Date Published: Mar 21 2018 1:41PM
Date Edited: Mar 21 2018 2:06PM