[vc_row][vc_column][vc_column_text]Learn all about cryptocurrency and blockchain technology. Learn how to buy, sell, trade and store crypto online. We will go in detail how you can make money in crypto currency and all the different ways to do so.
With the popularity of cryptocurrency, there are certain terms and phrases used by crypto enthusiasts that you may not be familiar with. If the word “bitcoin” conjures up a confusing array of images in your head, you’re not alone. Here is a list of some common crypto terms that are often used in crypto communities. Before getting into crypto we need to learn the crypto SLANG (dictionary of the most important words in crypto world).
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That magic word APE
APE in crypto is the pattern that shows where you are at. The way this works is simple. When you get into a new digital currency or start trading, the first thing that happens is that your ape in crypto
I APED IN CRYPTO is a phrase most commonly used by people trading in Bitcoin, Ethereum, and other altcoins. It refers to the experience of buying a huge amount of coins when the prices are low and selling them as soon as they rise (which usually happens). It is also called “pumping and dumping” 😁
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BAGHOLDER
A bagholder refers to someone that holds a position in a cryptocurrency after an adverse price fluctuation. These holders are generally not able to sell their coin because of the price difference, and instead can only hold it until it reaches its original value. Bagholders are those who hang on to their cryptocurrencies despite the fact that they have lost value in recent months. They’ve been left holding the bag, so for long-term investors, the choice is not about whether you will be a bagholder at some point in your investing journey, but how much of a bagholder you can afford to be.
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ATH – ALL-TIME HIGH
ATH is a common acronym used in cryptocurrency to denote the all-time high (ATH) price for a given coin, token or digital asset. ATH or all time high is an expression that indicates the highest price value ever recorded in a specific coin. This price is usually attached to the cryptocurrency market’s history and compares the current price against it. This can be done with historical charts so that the user can backtrack their research and verify how many times the coin has reached its ATH.
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BEARISH
A bearish cryptocurrency market occurs when a market experiences an overall decline in price. This may result from an overall decrease in the confidence of cryptocurrency investors, or due to factors such as regulatory issues or negative press coverage. Bearish market is an economic situation in which the price of a security is expected to fall.
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BULLISH
Bullish market is a popular term for when prices are on the rise. A bullish market can be isolated to certain stocks, or even an entire industry, or it could affect the whole stock market. The term itself refers to a bullish trend or growth pattern.
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DIAMOND HANDS
Diamond hands is when you have the knowledge, the courage and the will to survive in a world ruled by greed and selfishness. Diamond hands is a symbol of success and wealth in the crypto sphere. Having diamond hands is an internet term that means a successful crypto trader. Although there is no universal definition, diamond hands usually refers to the ability of a cryptocurrency investor to succeed during bear markets. Diamond hands is a term in the crypto world meaning you have a good chance of holding onto your money through market crashes and scams. A diamond hand means you know how to trade, when to buy and sell cryptos.
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DUMP
DUMP is referred to the price dump in cryptocurrency community. It means a sudden downward motion of the price from high value to low at an extremely fast pace. If you are trying to sell something in the currency market and it is a large trade then it will have an effect on the price of that currency.
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Do your own research or DYOR!
First and most important word of crypto, the mantra of every crypto holder or trader is DYOR. When it comes to cryptocurrency, only trust yourself. You should have your own research and explore the benefits of cryptos rather than just following a trend or another person’s advice. When you’re dealing with money and financial uncertainty, you should be extra careful about where you exchange, how to do it and most importantly understand the cryptos you’re investing in before putting your money into them.
DYOR should be the alpha and omega before you decide to invest in crypto. By doing the research required to understand how various coins work and what makes them valuable, you can make informed decisions about which ones to buy, sell, hold or trade.
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What is FIAT?
FIAT is a name for the currencies that are regulated by the government and typically have limited inflation. Fiat is a term used in the crypto world, to describe paper money or coins. In the past centuries fiat currency has been backed by different elements like gold and now it is being backed by governments and central banks. Fiat currencies are centralized, regulated by a government agency and usually pegged to the value of another country’s currency like USD (US dollar).
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What is HODL?
Hold On to Dear Life – HODL is a slang term that originated in the Bitcoin community to describe the strategy of holding on to one’s coins and not selling them. Literally translated as “hold”, HODL is a slang term used to describe those who hold onto their cryptocurrency in the face of market volatility and declining prices. We are ALL Fools in the stock market at some point. An acronym standing for “Hold On for Dear Life,” it describes crypto traders who stick with their investment regardless of market volatility.
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MARKETCAP
Market Cap (Market Capitalization) is a way of calculating the total value of all shares of stock. When it comes to Cryptocurrency, Market Cap refers to the total dollar value of a Crypto currency’s available supply. In the world of cryptocurrency, market cap is how much all of the coins in circulation are worth. As a crypto enthusiast and investor, you’ve probably heard the word Coinmarketcap before. Coinmarketcap is one of the best resources to get detailed information on cryptocurrencies. It provides information about different coins, including their price and market cap.
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PUMP
Pump is a term used in the world of cryptocurrency to describe the act of rapidly increasing the value of an asset (thereby “pumping”). Pump means moving the price of a coin to a higher price. These pumps happen on a cryptocurrency exchange when someone buys or sells an asset for a lot of money, causing other people to believe that the asset is valuable and buy/sell it themselves. Pumps can also happen in other ways, like news publications announcing that an altcoin is about to see huge growth because of some new development.
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