Popular Terms every cryptocurrency day traders must know

• HODL = "Hold On for Dear Life" , Whenever a person says in a conversation that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day, if not today.

• FOMO = "Fear of missing out", It means the fear of missing out on the profit which might result from an investment or a decision.

• ATH = "All time high" , This means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved.

• BEAR = This is a term borrowed from the Wall Street people. This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall.

• WHALE = This is a term borrowed from gambling people. It means a trader with a fat account, usually one who is bullish (one who thinks the market will rise) on the price of any specific cryptocurrency. These people are also referred to as bullish whales.

• BEARWHALE = This means a trader with a fat account who is bearish on the price of a cryptocurrency.

• BAGHOLDER = This is an investor or a trader who has been holding (or hodling) for too long on a particular cryptocurrency and now has to face the consequences of that decision.

• RAKT = This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price.

• TO THE MOON = This refers to a crypto’s upward momentum as it keeps climbing in price, as in, “The price of this coin will one day go to the moon!”

• ADDY = This refers to a cryptocurrency public address (or key).

• FUD = "Fear, Uncertainty, and Doubt" ,  This term usually refers to investors who are unsure of the potential of a situation.

• CHOYNA = A deliberately distorted way of referring to China. As China is a country which is immensely influential in the Bitcoin space, it has largely dominated mining and trading activities.

• ALTCOIN = Any cryptocurrency other than bitcoin. For example: Byteconnect.

• ASHDRAKED = A situation where you lost all your money.

• BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

• DILDO = Long green or red candles

• DUMP = To Sell off a coin

• DUMPING = Downward price movement

• DYOR = Do Your Own Research

• FA = Fundamental Analysis

• JOMO = Joy Of Missing Out

• LONG = Margin bull position

• MCAP = Market Capitalization

• OTC = Over The Counter

• PUMP = Upward price movement

• SHITCOIN = A coin with no potential value or use

• SHORT = Margin bear position

• SWING = Zig zag price movement (Upwards and downwards)

• TA = Technical Analysis

• REVERSE INDICATOR = Someone who is always wrong predicting price movements.

Cryptocurrency terms