Most people just jump into the world of cryptocurrency with no understanding of what they read or hear on the financial markets. Now I have listed some popularly used term in the cryptocurrency markets. These terminologies will help you understand and trade better with Cryptocurrencies. When you hear these phrases next time, I bet you know what it means.
FUD: Fear, Uncertainty, and Doubt. Propaganda to lower prices.
FOMO: Fear of Missing Out.
HODL: Someone spelled HOLD wrong on a forum.
MOONING: Price going up extremely high.
FIAT: Government-issued currency, such as the US dollar.
WHALE: Someone who owns lots of cryptos.
BULLISH: an expectation that price is going to increase.
BEARISH: An expectation that price is going to decrease.
ATH: All-Time-High. The highest price a coin has ever been.
MARKET CAP: Total Supply at Current Price
ICO: Initial Coin Offering. A type of Crowd-funding
ROI: Return on investment. Gains - Initial Investment.
COLD STORAGE: Moving crypto-currency 'offline' Paper/hardware Wallet.
BLOCKCHAIN: Distributed ledgers.Public databases that everyone can access and read.but the data can only be updated by the data owners.Data is copied across thousands and thousands of computers (nodes)worldwide.
FORK: When a blockchain splits into the two separate chains.