Are you new at Crypto World? If Yes! Then must have gone through some terms which you are totally unfamilier of! SO Don't Worry! Here is the Post for you! Below are Some terms or Abbrevetions with their explanations you may find helpful:
ATH
ATH stand for All Time High. It is the Highest price that an cryptocurrency has EVER achieved.
BULLISH
BULLISH is a Term or Condition from which every Crypto Investor is going through nowadays. its an Expectation that the price of the coin / cryptocurrency is going to Rise.
BEARISH
BEARISH is totally opposite of BULLISH. Which is an Expectation that the Value of the Coin is going to Decrease.
BLOCHCHAIN
The Blockchain is the best known as a general Ledger. where cryptocurrency coin's transactions are recorded. A blockchain is a data structure that makes it possible to create a digital Ledger of transactions and share it among a distributed network of computers.
NODE
it is a Computer that posseses a copy of the blockchain and is working to maintain it.
MINING
It is the Process of trying to "solve" the next block. it requires immense amounts of computer processing power to do effectively.
MINING RIG
It is a machine especially designed for mining. it consist of High End Graphic processors to make the mining effective.
SMART CONTRACT
Smart Contracts are the Computer protocols that facilitates, verify or enforce a digital Contract. This Protocol was designed to replace lawyers and banks when handling common legal and financial transactions.
COLD STORAGE
Cold Storage is a term used for holding Crytocurrency Offline like in a paper or
hardware Wallet.
FIAT
FIAT is a currency issued by the Government such as US Dollar, Pounds and Euros.
WHALE
It is a Term commonly used on Steemits for the People with High Reputation and Steem Power it is also a General Term used in Crypto World for Someone who owns a lot of Cryptocurrency - usually 5% of any given coin.
HODL
Initially It was a Typo Mistake by an anoymous person which went Viral and is now being Commonly Used for An investor who holds onto a currency for long-term gains.
FOMO
FOMO stand for Fear OF Missing Out. It is the Overwhelming Sensation that you need to get on the train whe the price of something starts to Skyrocket.
FORK
A Situation where a blockchain splits into two seperate Chains. in Crypto World It Generally happens when new "governance Rules" are built into the blockchain code.
FUD
FUD Stands for Fear, Uncertainity and Doubt. They are Baseless Negative Rumors spread intentionally by someone that wants the price of Something to drop. The Person who spreads in is called FUDster.
ICO
ICO stands for Initial Coin Offering. it is a form of crowdfunding where investors can buy currency at a reduced price before it is listed.
MOONING (To The Moon)
It is a Rally cry common in Bitcoin Investors. It is a way to celebrate when a coin is on the Top (its price increasing like Hell).
ALTCOIN
ALTCOIN or Alternate Coin are generally any cryptocurrency other than Bitcoin.
SHILL
Shill is an indivisual promoting altcoins for their own benefits.
MARKET CAP
It is a total Value held in a form of cryptocurrency. it is calculated by:
Market Cap=Total Supply of Coin X Current price of an Indivisual Unit.
ROI
ROI stand for Return On Investment. It is equal to Total money gained less investment.
There are Lot more but these are the most basic and commonly used and every beginner must know about it.
Hope these terms are now familiar to you. You can add more in this Glossary through comments. It would be Appreciated.
Source:
www.cryptominded.com
www.entrepreneur.com
www.cryptonewspodcast.com
www.pixabay.com
https://bitcoinprovince.com/glossary-top-bitcoin-and-cryptocurrency-related-terms/