Cryptocurrency is all buzz and with all the attention it's gaining, new jargon arrives. The jargon that was used for inside jokes in early commercial chat rooms on Discord and on Reddit threads is now a major term in the crypto frenzy. You might see crypto enthusiasts on Twitter say something like, "Just 'HODL' your bitcoin in the long run, what a classic 'pump and dump' case, Dogecoin really 'is over the moon', etc."
Novice investors or even veterans may have a hard time understanding the meaning of these jargons, so we decided to compile a list of popular jargons used in the cryptocurrency world to help those who don't know.
HODL
The term 'HODL' refers to owning a cryptocurrency, even after its value falls. The jargon slipped into the vocabulary of crypto investors, after a user on a Bitcoin chat forum in 2013 made a typo on the word hold, typing the word HODL in a panic.
Some people even interpret the acronym as: "wait for life", the idea is to hold the position instead of selling cryptocurrencies in a panic if volatility increases.
Interestingly, the word was used more after the cryptocurrency market plunged 37 percent on May 19. The fall was caused by China's effort to suppress on mining and trading crypto assets.
EVERYBODY
FUD is an acronym that expands to "Fear, Uncertainty and Doubt". This is a trick to spread negativity about a cryptocurrency and its future, in order to spread doubt, fear and uncertainty in the minds of crypto investors, which could make a certain currency or the entire cryptocurrency space drop in price.
The people who spread FUD are called 'fudders'. Experts advise to be careful with unjustified fud, as this can cause liquidations and decrease the value of a coin, affecting investors.
To the moon / Moon
"To the moon" means that the price of a cryptocurrency has peaked and is climbing off the charts. Similarly, a coin can also be described as 'lunar', when it has risen more than 100 percent in a short period. The phrase became popular after the peak of 2017, when Bitcoin it gained traction and its value exceeded $ 20,000.
Initially the phrase was used to refer to Bitcoin's ability to increase in value, however the phrase is now used for any cryptocurrency with the ability to increase in price.
Whale
Crypto whales are entities that own a large number of currencies of a particular cryptocurrency. There is no "official" threshold to be considered a whale, but when it comes to Bitcoins, 1000 coins is the most widely used figure.
A whale It can also be defined as a person who has enough coins or tokens to make a significant impact on market prices, whether by buying or selling large quantities. The 'whales' place huge purchase orders in the market at higher prices, which drives up the price of the coin. Any movement of the whales will potentially attract attention and manipulate the price of the cryptocurrency market.
Pump and pull
'Pump and dump' is a tactic used by big investors to take money from innocent investors by encouraging them to buy a specific crypto currency and then manipulating it.
A bomb is produced when a group of investors, such as whales, have a substantial percentage of the available supply of a coin at a low price. They facilitate exaggeration based for the majority on false statements, which creates demand within the market and triggers the price, this is called pumping.
Once the initial investments have been pumped in, these investors sell all your properties, making massive profits, but drastically lowering the price of the coin.
Clause
'Sats' means 'satoshis', a term derived from the first name of Satoshi Nakamoto, a pseudonymous person or persons who developed Bitcoin. Satoshis refers to the smallest fraction of a Bitcoin that can be sent, which is 0.00000001 of a Bitcoin. 1 Bitcoin equals 100,000,000 satoshis.
Bagholders
'Bagholder' refers to someone who continues to hold large amounts of a specific coin regardless of its performance. For the 'Bagholders', the price of the crypto currency does not matter. These investors are unaware of the decline in the value of their trades or expect to sell at a higher price. However, they end up being the last holders of a failed investment and thus become 'bag holders'.
Simply put, if an investor stubbornly wants to hold their position coins even though they may feel the drop, but decides not to sell their positions, then it would be called 'Bagholder'.
Shilling
Shilling means promoting any crypto currency through implicit advertising. Shilling tries to spread rumors about a coin by personally endorsing the product in public forums, under the guise of an unpaid promotion, when in reality he is being paid for his services.
Usually a shilling (someone making a shilling) draws attention to the coin, as a result of which its demand increases and the value skyrockets.
Quires
An investor who has a low tolerance for risk and exits a trade at the first sign of risk is called "paper hands." Whether it's a decline in price, or just a hunch, they won't hesitate to sell and exit. They are easily affected by market volatility.
Cryptosis or OCD (obsessive cryptographic disorder)
Someone who wants to absorb all the information about cryptocurrencies. According to The Merkle, obsessive cryptocurrency disorder, or OCD, is a condition developed by investors and they become obsessive about it. "They see Bitcoin prices go up and down, all day and night."
Disclaimer: Cryptocurrency is an unregulated space and digital currencies are not endorsed by any sovereign authority. Investing in cryptocurrencies carries market risks. This article is not intended to provide any kind of financial advice for trading or buying cryptocurrencies.
