Terminology


The Crypto space is fraught with words you may have never heard of before!

FOMO-Fear of Missing out. FOMO takes place anytime there is a movement in the crypto market. Either you fear you didn’t get in soon enough, it’s going to dump on you after you bought it, or some News comes out

FUD– fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage. This occurs on a daily basis on both sides of the fence. Best thing to do is set your goals, make your own decisions and ignore all the Sky is Falling News.

HODL– Hold: to hold your Bitcoin no matter what the price or how the market moves. Rumor has it this term came about during a chat room conversation while the price of Bitcoin was dropping. A person got so excited that instead of typing HOLD he/she typed HODL–and it stuck 🙂

HODL’er–Someone who holds Bitcoin no matter what

Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database.

Satoshi–Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin.

ATH– All Time High, usually referencing the price of Bitcoin or other Altcoins.

Alt Coins–“Altcoin” is a combination of two words: “alt” and “coin”; alt is short for alternative and coin signifies currency. Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin

As Needed this list will be updated

 

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