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Cryptocurrency Terminologies You Should Know

Crypto terminologies you should know


1. Altcoin: other cryptocurrencies apart from bitcoin

2. Hardfork: a single cryptocurrency splitting into 2 separate coins

3. ICO: initial coin offering

4. Cryptomining: verification of transactions, where you get rewarded for verifying transactions

5. ATH: all time high: highest price price a coin has ever attained

6. Bullish: a market where investors buy and hold

7. PoS: proof of stake, dictates how much one can mine, determined by how much you stake

8. Wallet: a digital store for cryptocurrencies

9. Hashrate: the speed a computer used to complete an operation on the blockchain

10. Dex: Decentralized Exchange, where your assets are stored by you

11. Circulating SupplyThe price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap.

12.FUD :Short form for ‘fear, uncertainty and doubt’

13. HODL: hold, to keep a coin for a longterm purpose

14. JOMO: Joy of Missing Out,it is how you feel when you miss out on a decision that could have turned bad, e’g missing out on buying a coin that the price later crashes

15. KYC: Know Your Customer

16. Market Capital: total supply of coins X price

17. Pump and Dump :Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements.

18. REKT: Wrecked, bad loss or decision

19. Whale: huge crypto buyer, heavy spender lol


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