Popular Terms every cryptocurrency day traders must know

Popular Terms every cryptocurrency day traders must know:

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.

The Wiki definition – A pervasive apprehension that others might be having rewarding experiences from which one is absent.

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. HODL

An enthusiastic misspelling of Hold, prompting bitcoin users to avoid the temptation of selling off their coins once price starts rising.

Disclaimer: These terms are all used in fun and humor. I have collected them from the internet and chat rooms via various resources. Moreover, as they are subjective terms, I don’t hold any responsibility for the correctness of exact meanings.