5 crypto jargon YOU MUST KNOW!

 

The World has been bitten by the crypto bug, and as with every new innovation, technology or art, it has developed its own set of jargon/terminologies which you definitely have come across. I have compiled a list of the top five terms you need to know so that you don’t make a fool out of yourself the next time you start discussing crypto! So, consider this as your “Crypto Expert Starter Pack”.

1. HODL!!!

The credit for coining this term goes out to a novice, drunk and hopeful crypto trader! Apparently, he misspelt ‘hold’, little did he know that he had just given the crypto-community a limitless source of memes! Here is the link to the post if you want to see how history was created!
TL;dr HODL = Hold On for Dear Life!
Listen to Hodor!

2. FUD

These are the kind of guys you need to stay far, far away from. These are the people your parents warn you about.
FUD stands for- Fear, Uncertainty and Doubt.
It is basically, a baseless negativity that a user or a group of users spread to make prices drop! Do not buy into these rumours guys, always refer to trusted sources 🙂
Be prepared for FUD!

3. FOMO

Well, this is not entirely a crypto-only term so you must be well aware of this.
FOMO – Fear of Missing Out.
It is basically the fear of missing out on something that other people are reaping benefits from. The fear of missing out is what compels people to buy at the top or hold during the dips (This is usually a mistake that amateur traders make)YOU HAVE BEEN WARNED! People are said to get FOMO when they act on their impulse due to the fear of missing out!
Say No to FOMO!

4. ATH

This is one word which you have recently seen a lot since all the cryptocurrencies reached their peaks.
ATH- All-Time High
This means that the cryptocurrency is trading at the highest price it has ever achieved!
ATH!

5. BTFD

Seasoned crypto traders are known to BTFD.
BTFD- Buy the F****** Dip!
When all the amateurs are running around and selling out of FUD, seasoned traders buy in to make large profits later. Of course, this involves risk which is why only seasoned traders take it 😉
BTFD!
Stay tuned for more posts!