Basic Crypto Terms Everyone Should Know

Basic Crypto Terms Everyone Should Know

By busyjordy | crypto-corner | 30 Jan 2021


Going through my twitter feed, I see more and more crypto slang being used - mainly to make things short and easy, but also, people like to show that they're OG's (we'll get to this in a few seconds).

So, to make it easier for you to decipher some of that hardcore slang on CT (crypto twitter) I compiled here a few of the most used crypto terminology. For a complete list of all crypto related terms, acronyms and other slang, please refer to my A-Z guide "Crypto Jargon" which I published two years ago. It's now in its third update and can be found on my website here.

Altcoin - any coin other than Bitcoin (alternative coin)

CT - as mentioned above this stands for Crypto Twitter.

OG - coming from Original Gangsta, it has a more broad meaning these days, referring to someone being Old School, in other words, someone with vast experience and knowledge in the field that it's being used for.

DYOR - stands for Do Your Own Research

WTFDIK or WDIK - What Do I Know (What The F%&^ Do I Know)

Mcap - Market Capitalization is the total evaluation of a coin (circulating supply x price)

Lowcap - a coin with a small marketcap

Noob - someone who is new to crypto

BTFD - Buy The F*%king Dip

TA - Technical Analysis

FA - Fundamental Analysis

ETF - Exchange Traded Fund

Addy - Wallet Address

PK - Private Key (safeguarding your coins/tokens)

PubKey - Public Key (your public wallet address)

ATH - All Time High

ATL - All Time Low

FUD - Fear, Uncertainty & Doubt (negative news or other bad content about a coin)

FOMO - Fear Of Missing Out (when people rush into buying a coin that is being hyped)

KYC - Know Your Customer (most exchanges require ID verification known by this acronym)

HODL - a misspelling of "Hold" that became a legit crypto term and means holding your crypto instead of selling it. Originally used for Bitcoin, later for altcoins too.

SL - (trading acronym) this stands for Stop Loss

TL - (trading acronym) Trend Line

TF - (trading acronym) Time Frame

POW - Proof Of Work (mining)

POS - Proof Of Stake (mining)

Pump'N'Dump - when a coin suddenly shoots up only to drop heavily back down soon after

Rekt - slang for Wrecked or in other words, losing loads of money in a bad trade

ROI - Return On Investment

APY - Annual Percentage Yield (similar to ROI but includes compounded earnings)

Long - buying

Short - selling

Whale - someone with a huge buying or selling power (capital)

ELI5 - Explain Like I'm 5 (years old)

Want more...?

Get my "Crypto Jargon" eBook. It consists of more than 800 terms, acronyms and trading slang explained in greater detail and easy to understand.

http://www.ojjordan.com/cryptojargon

It's now in its third update and can be found on my website here.

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busyjordy
busyjordy

Vlogger, author, content producer. Since 2015 I have been investing and trading cryptocurrencies and dedicated much of my time to teaching and helping grow the crypto community. Website: http://ojjordan.com Blog: https://crypto-corner.com


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