Beginner’s Guide to Crypto Slang

Sick and tired of your crypto mates using a bunch of jargon you have to google to understand? We’ve got you covered with our dictionary of crypto slang guaranteed to get you talking like a pro in no time.

Altcoin – Any other digital currency that isn’t Bitcoin

Arbitrage – The act of buying and selling on different exchanges to earn the difference in the spread

ATH – All time high; when a digital currency reaches the highest price point on record

Bag holder – The act of holding a large proportion of one asset

Bear – Expectations that the price will decrease

Bull – Expectations that the price will increase

BTFD – Buy The Freaking Dip

Cold storage – storing your digital currency offline

Dapp – Decentralised application

DDoS –  An attack using multiple computers to deny service to users of a site or service

DYOR – Do your own research – advice shouldn’t be taken at face value

Exchange – a place where you can buy and sell various digital currencies

Fiat – Government issued currency

FOMO – Fear of missing out

FUD – Fear, uncertainty, and doubt

HODL – Hold on for dear life

ICO – Initial coin offering. Referred to as a “token sale”. It is a form of crowdfunding using cryptocurrencies.

Long – Taking a long position on a digital currency is to believe its value will rise in the future

Market Cap – Used to illustrate a coin’s dominance in the cryptocurrency market

Token Airdrop – An airdrop is when a token is distributed, typically to an ICO community for free or for small tasks such as sharing the digital currency on social media

No-coiner – A person without bitcoin

OCD – Obsessive cryptocurrency disorder – can’t stop monitoring crypto prices

POS – Proof of stake concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.

POW – Proof of work is the current consensus algorithm used by Bitcoin, Ethereum, and many other cryptocurrencies. It is a piece of data which is costly and time-consuming to produce but easy to verify and which satisfies certain requirements.

Pump and Dump – Pump and dump” (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.

Shill –  Unsolicited endorsing of a digital currency in public, often by early purchasers of a coin

Short – Taking a short position on a digital currency is to believe its value will fall in the future

To the moon – When the price is rising off the charts

Whale – An owner of a large amount of digital currency