This is the first of a series of blog posts i will do, they will target new people on the cryptocurrency community. The first post will just be a small glossary of common terms used in our community, later i will make another with more specific and trade related terms.

Glossary

Address- Also known as public key, long encrypted alphanumeric key which you send to another party so they’ll know where to send a coin you purchased.

Altcoin - Any other cryptocurrency that is not Bitcoin. Popular examples are ETH, XRP, XTZ

ATH - All time high, it refers to the highest price a crypto has ever been

ATL - All time low, it refers to the lowest price a crypto has ever been

Bag Holder- A person that buys a large amount of one coin and expects to make a significant profit by selling it later

Bear/Bearish - The belief that the price of a coin will go down

BLOCKCHAIN - It is a ledger keeping track of all the transactions that happen within the network

Bull/Bullish - The belied that the price of a coin will go up

Dead Cat Bounce - A temporary recovery in prices after a huge decrease

DEX -A decentralized exchange (DEX) is a marketplace for cryptocurrencies or blockchain investments that is totally open sourced. Nobody is in control at a DEX, instead buyers and sell deal with each other on a one-on-one basis via peer-peer (P25) trading applications. Some examples are Uniswap or IDEX

Dildo - Long green on red candles on a trading chart

Dyor - Do your own research

Dump - Can have 2 meanings. The fist refers to the act of selling a coin, the second is when a cryptocurrency price goes down suddenly.

Exchanges - Websites where you can buy and sell crypto-currencies, some of the most well known examples are Coinbase and Binance.

Fiat - Government issued currency, dollar, euro etc

FOMO - Fear of missing out, it happens when the price of a coin is going up and you buy it without making any analysis on it, because you fear the price will continue to go up.

FUD - Fear Uncertainty and Doubt, happens when fake news are spread on Social media. Often the news is false and the objective is to make the price of a coin drop

Gas - Processing power and electricity cost required on the Ethereum network to process any transaction

HODL - The act of holding a coin and not selling. Some people say its an acronym for "hold on for dear life" others think its just "hold" misspelled

Lambo - Short for Lamborghini, term used when people believe an investment will make them rish. "Xrp will get me many Lambos"

No-coiners - People not involved in cryptocurrency/Someone who does not have crypto

Moon/Mooning - When the price of a coin is rising so much that it will touch the moon

Nodes - Computers connected to the blockchain supporting the network

Private Keys - Unique “passwords” that allow you to access your blockchain-based cryptocurrencies

Pump- Upward movement in price

Pump and Dump – A form of securities fraud in which someone will artificially inflate the price of an asset, only to then sell it off completely, leaving other investors holding a worthless asset.

ROI - Return of investment, the ratio between the net profit and cost of investing

Shilling - The act of enthusiastically promoting a cryptocurrency

Shitcoin - Token with no inherent value or utility

Token – A single unit of a specific cryptocurrency

Trade Volume - s the amount of the cryptocurrency that has been traded in the last 24 hours

Vapourware - A project that is never actually manufactured or implemented

Wallets - Software programs or physical devices used to store your private keys

Whale - Someone that holds a lot of some cryptocurrency. A chain-link whale is someone that has lots of chain-link

Whitepaper – The document which lays out a cryptocurrency project’s ideas in specific detail

If you think some common terms are missing, please post them in the comments.

My next post will be about setting up and using common wallets, like metamask or trustwallet.