A whale is someone who holds an extremely large amount of a particular coin or token. FOMO is a term you’ll find not only in the crypto community but everyday life as well. In crypto, that feeling often results in making emotional decisions without doing enough research. Unlike a bear market, a bull market refers to a market in which the prices are going up. Thus, if someone is bullish, they expect that the market prices will increase. A bagholder is a person who holds onto their investment instead of selling it even though it’s losing its value and becoming worthless.

Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He’s also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. Getting into Bitcoin can be pretty overwhelming not just because of its mysterious nature but also because of the number of unfamiliar words you’ll encounter. Now that you understand the most commonly used jargon in the Bitcoin community, you can sound like an expert.

If you are investigating altcoins and see this term being used a lot, it might be worth doing some extra research before investing. This acronym is used by investors who are bearish on a particular coin or project. This is commonly used when there is a downturn in the markets and investors are trying to stay positive. It will also help you communicate with other cryptocurrency enthusiasts.

Words, acronyms, memes and other language to describe the world of crypto have sprung up, and for newbies, it can be confusing and at worst intimidating to make sense of it all. Join our Discord Server.Become an Ambassador Help bring blockchain education to your community.Write bitcoin brokers canada a blog post Submit a blog on anything blockchain-related. Spreading negative, misleading, or false info to influence the perception of specific coins or the crypto market as a whole. DEXs facilitate cryptocurrency transactions peer-to-peer without the need for a third party.

Whales

Here are the common NFT and crypto slang terms you need to know to avoid embarrassing yourself on Twitter. Crypto investors who sell their coins if the price drops, even if it only drops a little. Someone with strong hands might hold on to their coins during the downs and ups . If you create a crypto wallet, you want to keep the seed phrase or private key very secure.

Many ICOs were authentic and eventually lucrative , but man it turned out to be out right scams, and this severely damaged the reputation of crypto in the long run. In a “pump & dump” scheme, the scammer tells everyone online about how a particular coin is “going to the moon” and can alone fund your entire retirement. What he doesn’t announce is that he owns a huge chunk of the said currency. Many investors are trying to copy the actions of whales to copy their profits as a result. But this ultimately leads to nothing, since he who maketh the second move always loseth. Whales are always ahead of us due to their connections on Wall St.

The Ethereum gas price is the amount of ether charged for processing a transaction on the Ethereum blockchain. A decentralised application is an application that can operate autonomously, typically through the use of smart contracts, that runs on a decentralized computing, blockchain system. Blockchain, which serves as a record of all transactions. umarkets scam NFTs can be minted on different blockchains , and because of the way transactions are verified, blockchains are secure. It’s helpful to have a general familiarity with some of the technical concepts, but don’t worry too much about understanding how they work. 450+ coins and tokens are available for quick and easy exchanges.

How to Speak NFT: Your Go-To Guide for Deciphering Crypto Slang, From Allowlists to WAGMI

Take this into account when buying crypto, and you’ll make better decisions than most people. StealthEX is an instant cryptocurrency exchange for limitless swaps. Our service is free from registration and does not store user’s funds on the platform.

If you’ve researched Bitcoin, you’ve probably encountered confusing jargon there and across the entire crypto market. These schemes are often orchestrated through apps like Slack or Telegram, he adds, and advises curious chatroom readers to beware of such gimmicks. An investigation into «pump and dump» schemes by Business Insider found the practice to be an «open secret among many cryptocurrency traders.»

• The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App.
• An individual who holds a large amount of bitcoin or another cryptocurrency.
• FOMO stands for “fear of missing out.” Not limited to the world of crypto, FOMO applies to all aspects of life, including job hunting and even dating.
• It can also be used as a way of expressing excitement about the future price of a particular coin.

In the Bitocoin world, it refers to a point in time when Bitcoin becomes the ultimate source of value n terms of a currency, at the Global scale. It’s the end of the road for when cryptocurrency becomes the currency of the Earth. HODL is a crypto slang term meaning to buy-and-hold indefinitely.

During an IPO, the stock of a company is first released to the market. An ICO is the same, but instead of stock we have newly minted coins. In short, market cap is the circulation supply multiplied by the coin’s price.

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Volatility is a measure of how much the price of an asset changes over time. A mining rig is an arrangement of hardware elements, either CPU, GPU, FPGA or ASIC that have been arranged to perform cryptocurrency mining. MetaMask is a free crypto wallet software that you can connect to virtually any Ethereum-based platform. Bitcoin Pizza is now a celebrated holiday in the crypto world, thanks to the time back in 2010 when Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas.

It is essentially a term for someone who is left holding the ‘bags’ after someone else has run off with the money. In the world of crypto, this is an investor or trader who has been holding a particular cryptocurrency for too long and now has to face the consequences of that decision. An ironic crypto term, «Probably Nothing» is used to describe the possibility that an event or occurrence is quite significant. In crypto, Probably Nothing refers to the possibility that a crypto project or company that’s not well-known might turn out to be the next big thing. It was originally part of a viral message written on December 18, 2013 on the original bitcoin forum. The author, lamenting his inability as a short-term trader, stated «traders can only take your money if you sell.»

Fiat

There is no difference between HODLing a cryptocurrency and a buy-and-hold strategy. You can HODL a stock through its volatility because you believe in the company’s future success. Similarly, you can hold a cryptocurrency for an indefinite length of time, through multiple price changes, because you believe that the coin will do well in the future.

A BearWhale is a giant trader who believes that prices will fall. Because of this, they try to unload many bitcoins at the same time. This term represents people who own more than 5% of cryptocurrency coins. In the cryptocurrency market, the expression “to the How to Invest in Index Funds: A Complete Guide moon” is used to describe a currency increasing rapidly to a much higher price. It implies that the price is so high, it reaches the surface of the moon. Bitcoiners have even started to use “mooning” instead of “increasing” when referring to Bitcoin prices.

Why should you care about new slang in the Bitcoin community?

A whale may be able to affect a crypto’s price by quickly buying or selling their coins. This event can be used by investors attempting to determine the best time to sell their cryptocurrency in order to get the best possible price for it. Based on these principles, the best time to HODL is now, always, and forever.