Topic: 32 Common Words You Hear Cryptocurrency Investors Use Daily (Read 189 times)

I am pretty sure this thread took you quite a lot of time to come up with, well you prolly would not have put in so much time into this topic if you had used the search button, there are a lot of them on the forum already, and any user can access them by just searching, just like i myself did:
https://bitcointalksearch.org/topic/glossary-of-crypto-terms-for-newbies-2905959
https://bitcointalksearch.org/topic/crypto-terms-for-newbies-3321001
https://bitcointalksearch.org/topic/terminology-126798
https://bitcointalksearch.org/topic/glossary-for-crypto-terms-trading-market-and-etc-4802831
https://bitcointalksearch.org/topic/crypto-terminologies-and-meanings-for-newbies-2353534
I was able to find all of the above via the search function provided, and i am pretty sure there are so much more that with a little more time can easily be found.

Kudos to the effort, but this is honestly like the 34638969th time I've seen such a topic posted here on Bitcointalk. 90% the same content, just with different thread titles. Not to mention that you got a good number of things wrong.

You're giving a bad example of decentralized exchanges, those you mentioned above isn't fully decentralized since they're token based centralized project. Bisq, hodl hodl and localcryptos is the best example of decentralized exchanges for Bitcoin. I advice to remove chainge.finance from the list, where in the hell decentralized exchange offer Bitcoin investment lol.


Decentralized wallet =! Non custodial wallet, fix it.
Those example also bad since they're closed source wallet, look to Metamask they're block some country for accessing their wallet, it mean the developer could control the wallet.

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https://bitcointalksearch.org/topic/cant-metamask-be-trusted-from-now-on-5389297

There are three more commone phrases that are used while trading and also when initial investment is made on a project.
WAGMI - " We are going to make it". It can be also shortened to GMI - "Gonna make it" and the last one is NGMI - "Not gonna make it". If you want you can add these three two your list.

Nah. You don't have to be unnecessary creative by making your own new terms or using a new misleading terms you knew in any unreliable resources.

It's still inaccurate. Because you should not mix a right term and a wrong term together. The mixture of such ones is a wrong one.

Honestly, when I read your OP, I thought "OMG, did I miss such term". Then you know what I did? I tried to search by Google and on Coinmarketcap or Binance Academy, there are no such terms.

So I don't make any rule here but I would prefer to tell you, when you use a technical term, let's try to use it as most correct as possible. Again, honestly I am not a tech guru so I used wrong terms as well. And I am thankful to anyone who help me to correct my lack of knowledge or inaccuracy.

If anyone want to make a new rule (a new term) here, it's you or at least the person or community from which such misleading terms initiated.

It is important not to confuse terms, especially in the Beginners & Help section. The terms centralized and decentralized are most often used in connection with exchanges, not wallets.

The term centralized menas the presence of a central authority on the system that regulates the operation of the platform. In decentralized systems, no single entity acts as a regulator of the system. On the other hand, custodial (in terms of crypto wallets) means another party controls your private keys, while with a non-custodial wallet, you have sole control of your private keys. Web-based exchange wallets are the most common custodial wallets these days, and this makes them centralized, as they are part of a centralized service, but the term is not commonly used in this context.

Sorry to totally disagree with you too sir, we in this part of the world ALSO(keyword "Also") know  custodial and non-custodial wallets as centralized and non-centralized wallets.

That you or a group of persons know something as something does not necessarily make it a rule that generally or widely, that thing should be known as you or the group of persons know it, we have many things in the world today that have different English names in different regions and parts of the world.

I clearly mentioned in my post that centralized and non-centralized wallets are also known as custodial and non-custodial wallets, you can also Google search "centralized and non-centralized wallets", let us know what you come up as result.

I disagree here and I am worrying that you used inaccurate terms.

I only know there are Custodial wallets and Non-Custodial wallets. I have never known of Centralized wallets or Decentralized wallets. Did you think of centralized exchange (CEX) and decentralized exchange (DEX) when you were composing this OP?

• Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.
• Custodial vs non-custodial wallets. What is the difference?

This thread has answered some of my reserved questions and provided me with more insight into some of these words, because sometimes when I hear some of these words, I wonder what the exact meaning of the word is and why the word is being used, but now I have a reference point to get the meaning of most of these cryptocurrency related words.

Really this is educational thread that will help newbies to understand things that they are meant to know... actually i was told that information is power, what you just dropped is what will redirect newbies who wants to fall apart to put itself together in terms of custodial wallet and non custodial wallet in particular..so i applaud you for making a cogent research

Great initiative OP. A lot of new comers get confused to used those concepts and some abbreviations. Unfortunately, many words can't have a translation to other languages.
I think you forgot other common words like Swap and Mixing, also Transaction confirmation.
There are many other technical terms that users may encounter while using trading platforms and survey charts. It would be better to suggest more concepts and add them to the final list in the topic.

That's right, I got a lot of knowledge about the words that are important for me to know there and for sure it's much more complete to know.

OP, I think it would be great if you changed the title of this thread to something a little better and maybe like a ^{[Cryptocurrency Glossary].} But if you don't forget, there seems to have been a thread like this before, but unfortunately I couldn't find it.

I think most investors already know about those words, but it might be useful for users new to forum. OP, there's a lot of good glossary you might want to include, check out this glossary.

https://coinmarketcap.com/alexandria/glossary

Another suggestion, if you take some explanation from other site "not based your knowledge" then better add a reference.

Please Note: I wanted to create this post in the trading section, but then, I thought it's a post that newbies can actually learn one or two things from, hence, my reason for creating the post in this section.....
Now I believe thats sorted out... Let's dive in...

Our business in blockchain and cryptocurrencies requires us to familiarize ourselves with these words(slags) for easy and effective trading.

1. Wallet :- This is an online application or an offline device, (you can call it a purse, it acts as a bank account) where you store your crypto coins and tokens, we have two types of wallet.

• Centralized wallet-Also known as a Custodial wallet, this wallet denies you complete access to the private keys, it means you don't actually control what goes in or out of this wallet.
  Example:- Wallets in all centralized exchanges like Binance, coinbase gate, kucoin, Remitano etc, are all centralized wallet
• Decentralized wallet- Also known as a Non-Custodial wallet, this wallet gives you complete access to your private keys, it means you might not actually be able to control what goes into this wallet, but you definitely and completely can control what goes out of it.
  Example:- MetaMask, trust wallet, imToken, Chainge.finance etc.

2. Exchange:- This is an online platform where you can buy, trade and sell crypto coins and tokens, there are two major types of crypto exchange...

• Centralized Exchanges - example - Binance, Coinbase, Gate, Kucoin, Remitano etc.
• Decentralized Exchanges - example - Uniswap, PancakeSwap, 1inch, Apeswap, Chainge.finance, Dodo swap etc.

3. Wallets Address:- A string of numbers and alphabets mixed together which you can use to receive coins/tokens or can send coins/tokens to, it acts like your bank account number.

4. Altcoin:- This is any coin that is not Bitcoin. Example is Ethereum, TRX, BNB etc.

5. Token:- tokens are digital assets that are built on another cryptocurrency's blockchain.

6. Stable Coin:- A digital asset/coin that has it's value tied to the value of 1 US Dollars which makes it's price not to fluctuate. Example is - USDT, USDC, TUSD, BUSD, RUSD, DAI, pax dollars etc.

7. Gas:- A fee you pay to miners to have your transaction confirmed on the blockchain.

8. REKT:- simply means Wrecked- When you lose all your money or most of your money on an investment or while trading.

9. Moon:- When the price of a digital asset is going up, it is said to be mooning, or going to the moon.

10. Hodl:- drunken spelling of 'HOLD', meaning to buy a coin and hold it for profit or for whatever reason.

11. P2P:- Simply means Peer to Peer, it means two individuals transacting between themselves, sometimes with a middleman acting as an escrow.

12. Fomo:- Simply means Fear Of Missing Out, this means being worried or afraid of not buying a coin or token, usually afraid that it's price might go up further and you end up missing out on huge profit.

13. Bullish:- when a digital asset is going up in value, Just like moon.

14. Bearish:- when a digital asset in going down in value.

15. Take profit:- abbreviated as TP - selling or swapping, or converting or withdrawing part of or all of your money on a particular coin after making profit.

16. Stop Loss:-  abbreviated as SL - is a trading tool that helps to prevent too much loss when a market moves against you during trading.

17. Target:- deciding how much profit you want to make on a particular trade.

18. Trade:-  The act of buying and selling of coins in the crypto market to make profit.

19. Airdrop:- a campaign strategy on a new coin to gain popularity.

20. All time high:- abbreviated as ATH - when a digital asset rises to a new price for the first time.

21. All time low:- abbreviated as ATL - The lowest price price a digital asset has ever traded on.

22. Bag:- if you hold a huge amount or numbers of a coin, you have a bag of it.

23. Dip:- when the price of a digital asset is moving downward. Good time to buy.

24. Dapp:- Fully known as Decentralized Application - A computer program that utilizes a blockchain for data storage, runs autonomously, is not controlled or operated from a single entity, is open source and has its use incentivized by the reward of fees or tokens.

25. Dump:- selling all you have of a particular coin.

26. Escrow:- a middleman in a P2P transaction.

27. Fiat:- government/local currencies.

28. Fundamental Analysis:- This simply means to do a research on a coin.

29. Liquidity:- The liquidity of a cryptocurrency is defined by how easily it can be bought and sold without impacting the overall market price.

30.  Whale:- A term used to describe extremely wealthy investors or traders who have enough funds to manipulate the market.

31. When Lambo?:- Is a question usually asked by investors who are anxious for profit on their investments.

32. When Homeless?:- is a question usually asked by investors who expect the price of a digital asset to go zero.

Please feel free to add yours,.you can even invent new ones if you wish  . [/list]