Topic: A few cryptocurrency abbreviation (Read 157 times)

Everything is complete.. I was looking forward to ask for the meaning of Shitcoins because I didn't expect to see Shitcoin among the abbreviations. But unfortunately I saw Shitcoin and it feels good to know what Shitcoin really means 

Ist es Bitcoin?
Is it Bitcoin?
-> Ja ( Yes) = Kein Shitcoin (No Shitcoin)
-> Nein (No), ist es Ethereum? (Is it Ethereum)

     -> Ja (Yes)= Kein Shitcoin (No Shitcoin)
     -> Nein (No)= Shitcoin

So, do not join there, I am just using the quote to avoid plagiarism.

#Learning #CryptoHeights
■Accumulation: Buying an asset to acquire a sizable position
■Air drop: Paying crypto holders a free token based on the balance held in their wallet
■Altcoin: Alternative cryptocurrency that’s not bitcoin
■BTFD: Buy the f%$k’n dip
■BagHolder: Someone left holding an asset after the price crashed
■BearGrind: A slow choppy sell-off with very weak bounces
■BearTrend: Downwards price movement creating a series of lower highs
■BlackSwam: A random bearish news event
■Bots: trading algorithms
■Bounce play: When the price bounces up quickly after a dump
■Breakdown: Price dropping below support
■Breakout: Price moving up past resistance
■Bull trend: Upwards price movement creating a series of higher lows
■Buy wall: A large bid on the order book
■Buying pressure: Buying momentum building to push prices higher
■Capitulation: The final point in the market when the last bagholders sell their positions before a reversal
■Catching falling knives: the act of dip buying when the markets are on a down trend
■Channel: A diagonal trading range between support and resistance
■Chop: Directionless price movement that lacks momentum
■Coin: a crypto asset used to secure a blockchain by rewarding miners
■Consolidation: A period of stability and sideways price action
■Continuation pattern: A technical pattern that often means continued movement along a price trend
■Contrarian: Going against the herd
■Crypto: short for cryptography or cryptocurrency
■Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain
■Dumb money: Over emotional traders or investors
■Dump: A sharp downwards price movement
■ERC20: A standard for creating ETH based tokens
■FOMO: Fear of missing out
■FUD: Fear uncertainty and doubt
■Fakeout: Price pretending to break support or resistance
■Flash crash: A large price dump that quickly bounces
■Hard fork: A blockchain upgrade that’s not compatible with older versions of the software
■ Honey Badger: A term used to describe bitcoin’s resilience
■ICO: initial coin offering, when tokens are sold in a crowdsale
■Insta-mine: A coin launching with very small difficulty so the developers can get a large portion of the supply for cheap, while trying to hide it’s a pre-mine.
■JOMO: Joy of missing out
■Leverage: increasing ones order size by borrowing coins
■Liquidation: when a market moves against a leveraged trader and they lose their entire position
■Long: Buying an asset
■Miners: people who run computers to secure transactions on a blockchain
■Momentum: Price movement
■Network split: when a blockchain splits into two separate blockchains as a result of hard forks
■Parabolic: when the markets shoot up very fast, usually before a dump and reversal
■Pre-mine: A launched coin where the developers start by keeping a % of the supply for themselves
■Price discovery: Buyers and sellers in the open market trading to establish a price
■Proof-of-stake: a form of mining that consists of holding a coin in a wallet
■Proof-of-work: a form of mining that consumes computational power and electricity
■Pump and dump: when traders push the price up high and immediately sell to crash the price
■Pump: when the price rises fast
■Resistance: A price area where sellers step in to push the price down
■Reversal: A change in price direction
■Salty Pleb: Used to describe jealous people who don’t own bitcoin
■Sell wall: A large ask on the order book
■Selling pressure: Selling momentum building to push prices lower
■Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment
■Short squeeze: closing out shorts due to a break of resistance and stops being triggered
■Short: Borrowing an asset to sell on the markets
■Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software
■Spoofing: When traders flash fake buy or sell walls
■Spoofy the bear whale: A mythical creature that traders use to blame for their bad trades
■Stop order hunting: When traders push the price to trigger stop orders
■Support: A price area where buyers step in to hold the price up
■TA: Technical Analysis, which is the measuring of price on the charts to determine probabilities
■Token: a crypto asset created on top of another blockchain
■Trendline: A line that measures at least three points of contact on a bull/bear trend
■*Whale*: A trader or investor who owns a significant size of an asset.