Topic: CRYPTOCURRENCY LINGO!!!! (Read 225 times)

Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.

Wow! This is really insightful and useful for me because I was literally understanding of Concepts but you have a list explained it is so much better, thank you very much!

Indeed, there are many terms in this forum, which we must understand well.
Sometimes the old participants just forget the terms given so they have to learn not to be confused. I am happy to be able to jump in this forum because there are many foreign abbreviations or interesting vocabulary in accordance with a reliable businessman.

You did a good job by sharing this post. Many newbies don't know the full name of those shortcuts. So after seeing this post they will understand those meanings.

This is a great post to make the newbies especially, to be familiar to such terms that are frequently used in the market and which are not even available in the urban dictionary. At least now, hopefully, they wont feel lost when they are reading the posts.

Yes there are some terms that are kind of tough to follow. The newcomers struggle with this a lot and they end up feeling that they do not know anything. This post will be helpful for them indeed and if you do some up with more abbreviations, then do add them as well.

Thank you so much for posting this. Surely, there are a lot of people who struggle with these shortened versions of the terms and it is a great help that they have a guideline to help them out in it.

Thanks for sharing all these lingos, I wish I could find it when I was totally new to the community. It took me a good amount of time to understand what other members were trying to say or what these words actually mean. However, newcomers should see this post first before participating in discussion, it will help them a lot.

These are definitely helpful for the newbies and people who get confused with other old members using such terms very often. Almost 50% of the posts and comments in this forum have usage of such lingos in them. So, it is natural for someone who is new here to not understand those terms. Thanks for helping the community in such way!

Thank you for helping everyone in the community. I am quite sure there are people who have hard time understanding these lingos or short forms. They should definitely take a look at this post and learn their first words of cryptocurrency lingo.

Moon - mooning!
Mar - mooning!
Rocket - mooning!
Train - mooning!
Choo choo - mooning!
Lambo - mooning!
Babe - mooning!
Bikini babe - mooning!
Benjamin - mooning!
Uncle Mao Zedong? mooning!

Some of these lingos I have heard before, but some of them I read for the first time here. My favorite lingo is HODL. Pretty interesting article that introduces newcomers to all lingos.

It could be learned by new users over time when they finally have some tokens in their wallet. It ain't the full list so you have to add more of it like the word LAMBO as it had been used here.

MOON, MARS, burned and so on, there are lots more so DBAA.

Thanks for sharing these lingos. This is really very important for newbies to know this terms. And this terms are really fun to use. The lingo “hodl” looks quite weird but it is really interesting.

I have seen many beginners suffers to understand these lingos. But i think these terms are cool and unique. So beginners must learn these lingos before participating the market.

These lingos are very special for cryptocurrency world. Without knowing these people will miss most of the fun of the market. These lingos make conversations about crypto more interesting.

This is a good article regarding the abbreviations that have been used in many posts. I think many persons will find this useful. If people can remember this terms, many posts will be easy to understand.

People have been using this ’short-terms’ in writing posts, articles regarding cryptocurrency. I think this will be helpful for many of us, specially for the newbies who have less idea about the language of cryptocurrency talking.

I think many people will find this helpful. These terms sometimes give people hard time to realize what it means. Now people will have better idea about the articles or writings that contain these abbreviations.

crypto currency is a huge field and there are many sectors of it , having update of ever single one is hard because of that reason we don't have much information about this topic but thank you so much for the updates we are really looking forward to know about your thoughts

Yes, you're really right. To get the benefit of investing in cryptocurrency, investors must know about those things. If investors do not know these, they will not be able to understand the correct sitution of cryptocurrency market.

To understand the exact sitution of the cryptocurrency, we must have to know about each of these issues described by you. And if we knew these things, then we certainly have realized that low prices time is the best time to invest.

This is very good especially to the newbies who are just getting into the crypto space to learn some of the popular slang in crypto space which will help them to understand what people are really talking about.

The best time to invest when the price is low. And yes, if an investor knows about your issues, then he can make the right decision. Because there should be a good idea about the cryptomarket if you want to get profits from the investment.

Thanks for clarifying the terms, now I know most of them!!!

HODL
A spin on the investing lingo ‘hold’ — Hold On for Dear Life. A crypto trader who buys a coin and does not see himself selling in the foreseeable future is called a hodler of the coin.
FOMO
Short form for ‘fear of missing out’. The feeling when you see a huge green dildo on a chart and you don’t own that coin, so you sell other shit to buy into it freaking out. As crypto trading is still very much driven by emotions rather than valuation, FOMO is a huge factor to consider when swing trading in crypto.
FUD
Short form for ‘fear, uncertainty and doubt’. Usually used in the form of “xxx spreading FUD again.”
ATH
Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin.
WHALE
A huge player who has a substantial amount of capital. Whales are often the market movers for small alt-coins too due to their huge capital.
ALTCOIN
“Alternate coin” so it is everything other than Bitcoin (BTC). Bitcoin is the main index for cryptocurrency market. If BTC goes up, other coins go up. If BTC goes down, other coins go down.
DDOS
Short form for ‘Distributed Denial of Service’.
A well-timed DDoS attack at exchanges during volatile movements may be devastating as traders will not be able to execute any order manually and will be at the mercy of their pre-set, or the lack of, limit orders.
ICO
Short form for “Initial Coin Offering”, which takes a page from the usual IPOs investors know.
Coins bought during ICOs are usually sold for a profit when the coin first hits exchanges. This is due to the initial hype which increases demand for the coin.
On the supply side, ICOs create entry barriers as the buyer has to set up his private wallet to receive the coins from the ICO purchase
BTFD
“Buy The Fucking Dip” – When people are running around and selling because of fear, this is the time to buy.

Now you know😊😊✌✌