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Volatility is a measure of how much the price of an asset changes over time. A mining rig is an arrangement of hardware elements, either CPU, GPU, FPGA or ASIC that have been arranged to perform cryptocurrency mining. MetaMask is a free crypto wallet software that you can connect to virtually any Ethereum-based platform. Bitcoin Pizza is now a celebrated holiday in the crypto world, thanks to the time back in 2010 when Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas.
- Once investors “pump” the price of their project, they “dump” their assets, selling them at an inflated price and leaving investors “holding the bag.”
- Of course, Bitcoin enthusiasts would not let this typo pass.
- As the crypto space moves at breakneck speed, sometimes even fairly new concepts are considered “boomer.” For instance, Bitcoin is sometimes mockingly referred to as Boomercoin .
- To make sense of such crypto-slang, CNBC Make It asked Peter Saddington, a serial entrepreneur and early bitcoin investor who runs a bitcoin community called The Bitcoin Pub, to break it down.
- Layer 2 blockchains are built on top of layer 1 blockchains, often enhancing the latter’s performance and expanding its accessibility.
- A $1 bill, for example, is fungible, because it can be exchanged for any other $1 bill – they have the same value and therefore, for all intents and purposes, are identical.
Here are the common NFT and 9 best coding toys and tools for children you need to know to avoid embarrassing yourself on Twitter. Crypto investors who sell their coins if the price drops, even if it only drops a little. Someone with strong hands might hold on to their coins during the downs and ups . If you create a crypto wallet, you want to keep the seed phrase or private key very secure.
A Guide to Popular Crypto Slang Terms, Part 1: from A to L
A whale may be able to affect a crypto’s price by quickly buying or selling their coins. This event can be used by investors attempting to determine the best time hitbtc exchange review to sell their cryptocurrency in order to get the best possible price for it. Based on these principles, the best time to HODL is now, always, and forever.
A BearWhale is a giant trader who believes that prices will fall. Because of this, they try to unload many bitcoins at the same time. This term represents people who own more than 5% of cryptocurrency coins. In the cryptocurrency market, the expression “to the moon” is used to describe a currency increasing rapidly to a much higher price. It implies that the price is so high, it reaches the surface of the moon. Bitcoiners have even started to use “mooning” instead of “increasing” when referring to Bitcoin prices.
Take this into account when buying crypto, and you’ll make better decisions than most people. StealthEX is an instant cryptocurrency exchange for limitless swaps. Our service is free from registration and does not store user’s funds on the platform.
Bag Holders
During an IPO, the stock of a company is first released to the market. An ICO is the same, but instead of stock we have newly minted coins. In short, market cap is the circulation supply multiplied by the coin’s price.
If you are investigating altcoins and see this term being used a lot, it might be worth doing some extra research before investing. This acronym is used by investors who are bearish on a particular coin or project. This is commonly used when there is a downturn in the markets and investors are trying to stay positive. It will also help you communicate with other cryptocurrency enthusiasts.
MultiSig is a type of wallet that requires more than one signature to authorise a transaction. Double spending is often seen as a negative thing, as it can lead to an inflation of the currency. It’s important to be aware of double-spending when considering investing in a particular coin. They can be stored on USB drives, paper wallets, or offline computers.
Words, acronyms, memes and other language to describe the world of crypto have sprung up, and for newbies, it can be confusing and at worst intimidating to make sense of it all. Join our Discord Server.Become an Ambassador Help bring blockchain education to your community.Write a blog post Submit a blog on anything blockchain-related. Spreading negative, misleading, or false info to influence the perception of specific coins or the crypto market as a whole. DEXs facilitate cryptocurrency transactions peer-to-peer without the need for a third party.
Other Crypto Slang Terms
There is no difference between HODLing a cryptocurrency and a buy-and-hold strategy. You can HODL a stock through its volatility because you believe in the company’s future success. Similarly, you can hold a cryptocurrency for an indefinite length of time, through multiple price changes, because you believe that the coin will do well in the future.
In the Bitocoin world, it refers to a point in time when Bitcoin becomes the ultimate source of value n terms of a currency, at the Global scale. It’s the end of the road for when cryptocurrency becomes the currency of the Earth. HODL is a crypto slang term meaning to buy-and-hold indefinitely.
FUD – Fear, Uncertainty and Doubt
When the price of a coin/NFT goes to the moon, it means it goes up/ skyrocket a lot. Diamond Hands refers to someone who has high-risk tolerance for high volatility assets. It is originated on the forum website Reddit in the /r/WallStreetBets subreddit, where this term has been used since 2018. Diamond Hands don’t panic sell their assets no matter the value of the assets decrease or increase.
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Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He’s also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. Getting into Bitcoin can be pretty overwhelming not just because of its mysterious nature but also because of the number of unfamiliar words you’ll encounter. Now that you understand the most commonly used jargon in the Bitcoin community, you can sound like an expert.
The Ethereum gas price is the amount of ether charged for processing a transaction on the Ethereum blockchain. A decentralised application is an application that can operate autonomously, typically through the use of smart contracts, that runs on a decentralized computing, blockchain system. Blockchain, which serves as a record of all transactions. coinbase forex NFTs can be minted on different blockchains , and because of the way transactions are verified, blockchains are secure. It’s helpful to have a general familiarity with some of the technical concepts, but don’t worry too much about understanding how they work. 450+ coins and tokens are available for quick and easy exchanges.
Paper Hands 🧻🤲
Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. A type of crypto scam that starts with the scammers creating and promoting a new scamcoin. Once they’ve collected investors’ money, they pull the rug and walk away—leaving investors with little or nothing .
A whale is someone who holds an extremely large amount of a particular coin or token. FOMO is a term you’ll find not only in the crypto community but everyday life as well. In crypto, that feeling often results in making emotional decisions without doing enough research. Unlike a bear market, a bull market refers to a market in which the prices are going up. Thus, if someone is bullish, they expect that the market prices will increase. A bagholder is a person who holds onto their investment instead of selling it even though it’s losing its value and becoming worthless.