If you want to converse in #CryptoTwitter world (and sound credible), you need to know the language.
- Altcoin: A cryptocurrency other than, launched after, and an alternative to Bitcoin (aka Alt).
- Bag: Refers to an investor’s portfolio (i.e. what cryptocurrency he or she is currently investing in)
- Bearish: Refers to the market experiencing a downward trend.
- Bullish: Opposite of bearish – the market is trending in the positive.
- DLT: Distributed Ledger Technology. A digital system for recording, sharing and synchronizing transactions in an electronic ledger. Blockchain is a type of DLT. Click here for a more in-depth description.
- DYOR: Acronym for “Do Your Own Research”. Think of it as a disclaimer. Tweeters in the cryptoverse will often give their opinion on certain coins or blockchain projects. It should not be misconstrued as investment advise. Frankly, when it comes to investing in anything, you should always #DYOR. It’s called due dillegence. Don’t and you may get #rekt.
- Fiat: Physical money backed by a government as legal tender (ex. USD, EUR)
- Flippening: This awkward term refers to a possible dethroning of one coin by another, in terms of market cap.
- FOMO: Acronym for “Fear of Missing Out”. This fear is known to drive investors to make irrational decisions.
- FUD: Stands for “Fear, Uncertainty and Doubt”. FUD is usually evoked in cast a shadow over a competitor’s coin when the one you support is unable to compete.
- HODL: Basically, #hodl means hold a cryptocurrency as a long-term investment.
- ICO: Initial Coin Offering. A controversial crowd sale for a new blockchain project offering people the opportunity to buy their coin.
- Long: Going long refers to buying and holding a coin with the expectation of selling it for a profit in the future.
- Rekt: Ruined or hit hard from the devaluation of a cryptocurrency in a bear market.
- Shill: A swindler who acts as an enthusiastic buyer of a certain cryptocurrency in order to entice others into buying.
- Moon (or “To the Moon”): A rally for the price of a cryptocurrency to sky-rocket.
- Whale: This term is used to refer to people (or organizations) that hold large amounts of a cryptocurrency.