Trading and cryptocurrency short terms
Here is a list of short and special terms I stumbled across when I started out in the cryptocurrency and problems to understand.
I hope it will help some of you as well:
Term | Explanation |
---|---|
ATH | All time high |
FOMO | Fear of missing out |
FUD | Fear, uncertainty and doubt |
HODL | Hold on for dear life |
ICO | Initial coin offering |
Pos | Proof of stake |
PoW | Proof of work |
Altcoin | Cryptocoin ehich is not Bitcoin |
Bearish | Expecting the price goes down |
Bullish | Expecting the price goes up |
Fiat | Your local currency |
Fork | Creating a new blockchain based on the current version |
Mooning | Extreme price increase |
Satoshi | Smallest unit of bitcoin |
Whale | Trader with a lot of money |
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