What do slangs like HODL, To the Moon and When Lambo mean?
Here are a few expressions and abbreviations used in the Crypto space and what they mean.
Altcoin
AltCoins are generally any coin or token that isn't bitcoin.
So you can say we have two classes of coins:
Bitcoin and Altcoins
FUD
FUD stands for "Fear, Uncertainty, Doubt".
FUDster
FUDster is someone who spreads FUD.
ATH
ATH stands for "All Time High". ATH is what we say happens when a coin or token reaches prices or valuation it hasn't reached since it's inception.
Fiat
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Fiat is legal tender or paper money usually issued by government & banks.
Old money, according to blockchain Millenials, if you will.
P&D
P&D stands for pump and dump.
According to Wikipedia,
p&d involves artificially inflating the price of an owned asset through false and misleading positive statements, in order to sell the cheaply purchased assets at a higher price.
Whale
A whale is a big time player in cryptocurrency space; a very wealthy cryto asset owner whose assets are worth millions of dollars, possibly billions and in essence, power to swing/manipulate the market.
PoS
Proof of Stake. It is a consensus algorithm. I will make a post on consensus methods and how they work soon.
PoW
Proof of Work Consensus method
Bullish
Bullish sentiments is an expectation that the market valuation of an item question will appreciate/increase.
Bearish
Bearish is the opposite of bullish. Bearish is simply when market price of an item in question depreciates.
ICO
ICO stands for "Initial Coin Offering".
TA
TA stands for "Technical Analysis".
FA
FA represents "Fundamental Analysis".
FOMO
FOMO is "Fear of Missing Out".
Satoshi
Satoshi can be the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC or when making reference to the original Bitcoin creator: The anonymous Satoshi Nakamoto.
Wallet
A wallet is a place to hold your crypto assets.
Moon
This Expression is used to express the value of a cryptocurrency asset shooting up very high.
Fork
A fork is when a new blockchain is created from an existing blockchain usually because the developers developing the forked blockchain have varying opinions on how the project should proceed.
HODL
HODL means 'Hold on For Dear Life'. It simply implies that you should hold not seller your assets regardless of how good or bad the market. Most of cryptocurrency assets are undervalued, albeit some being massively overvalued [Yes, I'm looking at you TRX]. General opinion dictates that we are still in the early stages of the blockchain era and that's why we have to HODL.
Bonus
Lambo
You aren't fully initiated into the Crypto community if you have no idea what Lambo is.
Lambo is short for Lamborghini, a car you might never own unless you HODL ;)
THANK YOU FOR READING
