What Does HODL Mean? 25 Crypto Terms You Should Know
There’s a whole lot of crypto lingo out there. Whether you’re a seasoned vet or new to the game, here’s a list of the top cryptocurrency terms worth knowing.
1. HODL – The act of holding on to a coin for the long term instead of selling it. Made famous by this epic post.
2. Altcoin – Every cryptocurrency other than bitcoin
3. FOMO – Fear of missing out. This happens when a coin is rising in value and you’re considering buying at a high price even though you might be too late
4. JOMO – Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin
5. Moon – Where everyone wants their coin to go, up and into outer space
6. Bag Holder – Someone who is holding a lot of coins in the hopes that it will go up in the future
7. Shitcoin – A worthless and dead coin with no real value
8. Dumping – Downward price movement or a decision to sell a coin
9. DYOR – Do your own research
10. FUD – Fear, uncertainty and doubt
11. Whale – A super wealthy trader with a lot of money to spend
12. Mining – The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power
13. Long – A decision to hold onto a coin for the long term
14. REKT – When a coin goes down sharply and you have a bad loss
15. Lambo – The car that many people want to buy when they strike it rich
16. Swing – When the price of a coin is moving up and down at a rapid rate
17. Pumping – A coordinated effort to boost a coin by buying a lot of it all at once
18. Bearish – When the sentiment on a coin is negative
19. Bullish – When the sentiment on a coin is positive
20. Exchange – Websites that allow you to purchase and sell cryptocurrencies
21. FIAT – Any currency that is issued by a government
22. TA – Technical analysis
23. ATH – All-time high
24. FA – Fundamental analysis
25. MCAP – Market capitalization
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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