All the Acronym Everyone should know if you are in Cryptocurrency Trading.

in #crypto6 years ago (edited)

World has moved from physical currency to virtual ones . There will be a time when everyone will come to know about cryptocurrency and Blockchain. There are plenty of technology we use daily in our life ,which are outdated and seeking for upgrade. Lets take a Usecase like Sending money to your loved once across continent will take more time and hardwork also there will be middle man charges but using blockchain technology this can be done in seconds.

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Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin
( all coins other than Bitcoin , like Ethereum, monero, litecoin, zcash.......)

ASHDRAKED: A situation where you lost all your money.
( this comes soon after all coin touches all time high , usually december or january end ☺☺)

Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
( Big shark or hodlers)

ATH: all time high

Bear/Bearish = Negative price movement

ICO: Intial coin offering otherwise know as IPO

BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

Bull/Bullish= Positive price movement

DILDO = Long green or red candles

Dump = To Sell off a coin

Dumping: Downward price movement

DYOR = Do Your Own Research

FA = Fundamental Analysis

FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)

FUD = Fear Uncertainty & Doubt

HODL = Hold/Hold a position

JOMO = Joy Of Missing Out

Long: Margin bull position

MCAP = Market Capitalization

Moon = Continuous upward movement of price

OTC = Over The Counter

Pump: Upward price movement

Saj candle Huge green candle

Shitcoin = A coin with no potential value or use

Short = Margin bear position

Swing = Zig zag price movement (Upwards and downwards)

TA: Technical Analysis ( if you are good is market graph reading)

REKT: When you have a bad loss

Reverse Indicator: Someone who is always wrong predicting price movements ( if you are good is market graph reading)

RSI = Relative Strength Index ( if you are good is market graph reading)

Weak Hand = a coin holder prone to selling at the first sign of a deep in price.

Whale = Very Wealthy trader/Market mover.

iF i have missed any abbrevation please comment below

picture courtesy : cointelegraph

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yes i am the new investor ,well bro thanks for the acronyms the will help to understand and comment to use so ......

Really helpful for new beginners in crypto field.
Keep updating more.