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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