I’m going to go ahead and assume most of these terms are familiar to most of us, so I apologise in advance if this sounds condescending.
But, even as a reminder to myself, I thought it’d be useful to put together a list of crypto terms.
Moon (can be used as a verb, or as a noun)
If you expect something ‘to moon’, or more commonly to go ‘to the moon’, it means you expect its value to skyrocket in a short span of time.
FOMO
Acronym for Fear Of Missing Out. FOMO is what happens when you keep hearing about a certain project that’s making a lot of people a lot of money, and you don’t wanna miss out on it.
Fear and greed
Probably doesn’t qualify as a ‘term’ but it’s certainly an index that’s used in the crypto space. Fear and greed are at the opposite end of the same spectrum.
At peak fear, the sentiment is as negative as it can get and you start hearing things like “it’s all going to zero”.
In the crypto space, this means it’s time to buy. At peak greed, the sentiment is positive and people feel like they want to maximise their profit.
This is where you start hearing things like “we’re all gonna be billionaires”.
This is time to sell, or hold, but it’s definitely not time to keep buying.
HODL
Legend has it this term became popular after a forum user accidentally misspelt ‘hold’. Somehow, it became like an evolution of the verb ‘to hold’.
If you hold crypto, it simply means you, well, have crypto.
However, if you ‘hodl’ crypto, it means you have crypto, strongly believe in crypto, and aren’t looking to sell anytime soon.
Diamond hands
Diamond hands refers to one’s ability to stay put when the market looks so bad you wanna sell and get out, but also when the market looks so great you wanna sell and cash out.
A diamond hands Bitcoin holder never sells. They don’t sell when BTC hits $18k, and didn’t sell when it hit $69k.
FUD
Not to be confused with ‘FAD’, FUD is an acronym for Fear, Uncertainty and Doubt. It’s manipulative propaganda designed to make you do something you don’t necessarily want to do.
FAD
Sort of like a craze, but with a negative connotation. If you think something’s a fad, it usually means there’s a lot of hype, but not a lot of substance underneath.
Tokenomics
A crasis between the words ‘token’ and ‘economics’. Tokenomics refers to the technical characteristics of a token or a cryptocurrency. Supply, demand, distribution, etc.
Halving
The term halving refers to the fact that every four years (or 210,000 blocks) the Bitcoin issuance rate is slashed in half automatically.
This is a hardcoded event, in that it cannot be avoided or altered.
This is designed to pace down the issuance of Bitcoin, which is why even though 90 percent of BTC has already been issued, it’ll actually take another 100 years to issue the remaining 10 percent.
Staking
Staking refers to the act of using a certain cryptocurrency as a source of energy to issue more of the same cryptos. By staking your coin, you’re contributing to securing the network, and you get a reward for that. Staked cryptos are almost always subject to a holding period.
Meaning you cannot withdraw it immediately, you have to wait until the holding period expires.
This is a living listicle, if you can think of any other terms I’ve missed and / or anything to add the items that are already part of the list, let me know in the comments.
This article was crossposted on Publish0x.
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