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The very first time the term HODL appeared on the Bitcoin talk forum was in 2013 and came from a member named GameKyuubi under the thread “I AM HODLING”. An apparent typo that stuck.
So basically, “HODL” was originally a typo which has now popularly earned the status of a humorous backronym:
If you’re new to the cryptocurrency space, you’ve probably seen some other jargons that you don’t know about. Here’s a quick reference dictionary for some common crypto-terms:
1. FOMO
Fear of missing out. It means the fear of missing out on the profit which might result from an investment or a decision.
2. 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.
3. 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.
4. 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.
5. BEARWHALE
This means a trader with a fat account who is bearish on the price of a cryptocurrency.
6. BAGHODLER
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.
7. REKT
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.
8. 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!”
9. ADDY
This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.”
10. FUD
Fear, uncertainty, and doubt. This term usually refers to investors who are unsure of the potential of a situation.
11. 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.
12. ALTCOIN = Any cryptocurrency other than bitcoin.
13. ASHDRAKED = A situation where you lost all your money.
14. BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
15. DILDO = Long green or red candles
16. DUMP = To Sell off a coin
17. DUMPING = Downward price movement
18. DYOR = Do Your Own Research
19. FA = Fundamental Analysis
20. JOMO = Joy Of Missing Out
21. LONG = Margin bull position
22. MCAP = Market Capitalization
23. OTC = Over The Counter
24. PUMP = Upward price movement
25. SHITCOIN = A coin with no potential value or use
26. SHORT = Margin bear position
27. SWING = Zig zag price movement (Upwards and downwards)
28. TA = Technical Analysis
29. REVERSE INDICATOR = Someone who is always wrong predicting price movements.
Disclaimer: These terms are all used for fun and humor. I have collected them from the internet resources. Moreover, as they are subjective terms, I don’t hold any responsibility for the correctness of exact meanings.
Know some more common crypto jargons that I can add to this list? Let me know about them in the comments below!
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