Common Crypto Lingo Explained
We know that joining something new can be overwhelming, especially when the community seems to speak a different language.
If you're new to Crypto and want to participate in the social communities, this information might help!
Marketing campaign that distributes cryptocurrency through a population of wallets/people. Free tokens in exchange for simple tasks like sharing news of the coin with friends. Also a favorite tool of scammers, promising free tokens to obtain wallet info
All Time High for a token, opposite of ATL.
Cypto you own. As in, “I’m going to add to my bag”
If the price of a cryptocurrency has a negative price movement
The first cryptocurrency. Created in 2008 by an individual or group of individuals operating under the name Satoshi Nakamoto. It was intended to be a peer-to-peer, decentralized electronic cash system
Coin, typically used to swap for alt coins or investment
If the price of a cryptocurrency has a positive price movement
If a coin is removed from circulation, it’s “burned”. This is done by sending the coin to a dead wallet, thereby reducing available amount and can sometimes increase price
Price is currently down, many expected it to come back up. As in, buy the dip
The term used to describe selling all (or a lot) of your cryptocurrency
Platform through which cryptocurrencies are exchanged with each other
Refers to money recognized as legal tender by governments, such as the US dollar, British pound, Euro and Australian dollar.
Fear Of Missing Out
Fear, Uncertainty and Doubt. Typically spread by an unseasoned investor or an emotionally charged person that that is down in their investment.
The fee you pay for a transaction on an exchange when buying or selling. Not to be confused with Tokenomics (see definition)
(Hold On for Dear Life) To Hold a coin through highs and lows, expecting it to increase more over time. Comes from a drunk person in the early days of Bitcoin, that mistyped; Hodling
Initial Coin Offering of a new token
A term used to describe a major price movement upwards.
Someone that buys tokens wanting it to rise quickly, and may create FUD (see FUD) if it does not
A period before an Initial Coin Offering goes public when private investors or community members are able to buy the cryptocurrency
Used to describe a bad loss or situation. Wrecked
The individual, or group of individuals – it has never been confirmed – who created bitcoin
Used to describe a cryptocurrency not expected to have a positive future
The “coin” of a cryptocurrency is a token. Digital code defining each fraction, which can be owned, bought and sold
How a token is distributed (typically as a percentage of a buy or sell) and how they are being used to incentivize positive behaviour in the network
A term used to describe investors or traders who have a large sum of a token
Prior to an ICO, interested parties can sign up/register with intent to purchase.
Asking when will price be so high that they can afford expensive items
That's it for now!
Hopefully this helps you a little with figuring out the lingo in the crypto communities!