Welcome to the Crypto Glossary

We know that the crypto world can be difficult to understand, so we compiled this glossary of terms to try and make it a little less confusing for you.

Just click on a letter to see all terms that start with it.

A
Altcoin: Any cryptocurrency other than Bitcoin.
B

 

 

Bagholder: A person who holds a particular crypto which decreases in value until it is worthless

Bear/Bearish: Negative sentiment or downward price movement

Bear Trap: A literal trap where a general upward price trend reverses downwards momentarily and will continue its upwards motion

BTD: Buy The Dip. An indication to buy a coin when it has substantially decreased in price

Bull/Bullish: Positive sentiment or upward price movement

Bull Trap: A literal trap where a general decreasing price movement reverses upwards momentarily and will continue its downwards motion

C

Cryptocurrency: A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

D

Dead Cat Bounce: A temporary recovery in prices after a huge decrease

Dump/Dumping: Selling away your coins/Downward price movements due to increase selling pressure by many

DYOR: Do your own research

E

ELI5: Explain to me Like I’m 5. An explanation (usually on Reddit) that is simplified so that even a 5-year-old can understand it.

Exchange: An exchange is an online platform that allows you to trade different crypto currencies. You can buy or sell at current market rates in order to (hopefully) generate a trade profit and grow your crypto portfolio’s worth.

F

 

Faucet: Websites that reward you with (very) small amounts of cryptos for the completion of a specific task.

FA: Fundamental Analysis – the basic research you should be doing on any coin before buying/trading/mining it

FOMO: Fear Of Missing Out. This is a rookie mistake where a coin is skyrocketing and you get the feeling it’s gonna pump more, so you buy at the peak

Fork: Splitting of the Blockchain due to competing philosophies or a protocol upgrade. Can be known as Hard Forks or Soft Forks

FUD: Fear, Uncertainty & Doubt. Describes a time of panic where negative sentiments are overexaggerated.

H
HODL: Act of holding on to your coins even in dire market circumstances, resisting the urge to sell
J
JOMO: Joy Of Missing Out. The opposite of FOMO
L
Long: A positive or favourable view on the coin or the market in general, usually with an underlying investment on the coin in mind
M

MCAP: The market capitalization of the coin, which is an indicator of its market size. It’s derived from multiplying its market price to the total available supply of coins currently in the market

Moon: Expected upward movement (burst) of price, towards the moon

N

Nocoiner: Someone that doesn’t believe in cryptocurrencies, is sceptical of blockchain technology, and who doesn’t own any cryptos.

P

 

Pump: Upward price movement of a coin

Pump & Dump: Price manipulation of a coins value by whales or collectives

R

Rekt: A slang that refers to “wrecked”

Reverse Indicator: Someone who is always wrong predicting price movements

RSI: Relative Strength Index, a popular trading indicator used in technical analysis

S

Shitcoin: A coin with no potential value or use. Also, includes useless currencies such as fiat money

Short: Selling coins on margin (borrowing from the exchange), expecting the price to plunge

T
TA: Technical Analysis, or the analysis of prices based on historical price movements and fancy indicators
V
Vapourware: A project that is never actually manufactured or implemented, synonymous with shitcoin
W
Whale: Someone who owns a huge number of coins that can influence prices of coins