The crypto space is a fast paced growing market as of right now and it's showing no sign of slowing down as it's a new market with tons of exciting oppurtunity no wonder the number of investor keep growing daily.
Cryptocurrency is a new market and it's often driven by news, big announcement, new updates partnership and sponsorship deals and much more. By way. Of staying up to date with the latest news and happenings in the crypto community traders and investors make use of social media platforms such as facebook, telegram, whatsapp, twitter, forums bitcointalk, reddit, steemit as a quick means of communication.
While chatting on this social networking sites you see people make use of abbreviations from some crypto terminologies. However newbie traders and investors or beginners who are just new to the crypto scene may not be familiar with most of this abbreviation used. So today I am sharing popular abbreviations commonly used in cryptocurrency trading.
List of abbreviations commonly used in cryptocurrency trading.
1. Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin2. ASHDRAKED: A situation where you lost all your money.
3. Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
4. Bear/Bearish = Negative price movement
5. BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
6. Bull/Bullish= Positive price movement
7. DILDO = Long green or red candles
8. Dump = To Sell off a coin
9. Dumping: Downward price movement
10. DYOR = Do Your Own Research
11. FA = Fundamental Analysis
12. FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)
13. FUD = Fear Uncertainty & Doubt
14. HODL = Hold/Hold a position
15. JOMO = Joy Of Missing Out
16. Long: Margin bull position
17. MCAP = Market Capitalization
18. Moon = Continuous upward movement of price
18. OTC = Over The Counter
19. Pump: Upward price movement
20. Saj candle Huge green candle
21. Shitcoin = A coin with no potential value or use
22. Short = Margin bear position
23. Swing = Zig zag price movement
(Upwards and downwards)
24. TA: Technical Analysis
25. REKT: When you have a bad loss
26. Reverse Indicator: Someone who is always wrong predicting price movements.
27. RSI = Relative Strength Index
28. Whale = Very Wealthy trader/Market mover.
29. ICO: Intial coin offering otherwise know as IPO
30. Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
Hope this helps..
Do you know any abbreviations used in crypto trading not listed here let hear from you via the comment box.
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