Ever bombarded with crypto terminologies and jargons that make you feel out of sync? Spin no further, we’ve compiled the fourth set of Alluma Dictionary. Here you will find the list of most useful terms and acronyms in the Blockchain and Crypto World.

ATH:

All time high (ATH) means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved in its history.

For example, Bitcoin hit an ATH of $19,783.21 in December 2017 and Ethereum hit an ATH of $1,432.88 on January 13, 2018.

ADDY:

ADDY is short for a crypto address. An address or ADDY in the crypto world is the string of letters and numbers that is publicly available and is necessary to receive cryptocurrencies. This address may or may not change. However, some exchanges will generate a new address each time you make a deposit, but all old addresses remain valid and if funds are sent to those addresses, those will be received by the user.

FOMO:

FOMO, acronym for the Fear of Missing Out, it means the fear of missing out on the profit which might result from an investment or a decision.

FOMO can make people go into a blind buying frenzy. It can increase sales during an ICO or increase market prices from the rapid buying of a specific cryptocurrency.

BAGHOLDER:

Bagholder is often an investor or a trader who has been holding (or hodling) on a particular cryptocurrency for a substantially long span of time for future rewards, but now has to face the consequences of that decision.

REKT:

This is a slang version of “wrecked”. It was used by online gamers to indicate the opponent’s defeat or embarrassment. In the crypto world, the term refers to a trader or investor who is utterly ruined and destroyed with losses from the recent downfall of a price.

Say, for example, you bought bitcoin for $19000. The moment you buy, the price dips further and further. In this case, you got REKT.