Topic: Cryptocurrency Lingo/Slang (Read 681 times)

"To get Goxed" Definition: To suffer from mt. gox’s technical glitches; to get screwed over by mt. gox; to lose all your money in a speculative investment .
"To take a Big Vern holiday" Definition: To disappear like Paul Vernon - the owner and CEO of the now defunct Cryptsy who "vanished" like the exchange funds. Also referred to as an "exit scam". This is where the exchange owner takes your funds and disappears.
"To receive a BFL upgrade" Definition: To receive something substandard much later than promised. (BFL = ButterFly Labs)
"To buy a Yesminer" Definition: To pay for something and never receive it.

Thank you for posting. Some terms are familiar to me. This is also used in stock market

BEAR
This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall.

BULL
This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will rise and wants to profit from that rise.


BEARWHALE
This means a trader with a fat account who is bearish on the price of a cryptocurrency.

REKT
This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price.

ADDY
This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.”

BTFD
Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

DILDO
Long green or red candles

DUMP
To Sell off a coin driving the price down.

PUMP
To drive the price up by buying.

DUMPING
Downward price movement

PUMPING
Upward price movement

DYOR
Do Your Own Research

FA
Fundamental Analysis

JOMO
Joy Of Missing Out

TXid
transaction ID used for finding a transaction on a block explorer.

Explorer
Block explorer used to verify transactions.

Hardware wallet
Dedicated device for securely storing crypto offline. (Ledger, Trezor etc)

77. 51% Attack
A potential attack on the bitcoin network whereby an organization is somehow able to control the majority of the network mining power (hashrate). Bitcoin is secured by having all miners (computers processing the networks transactions) agree on a shared ledger called the blockchain. Read more.

I guess it is a kind of sarcasm about "when lambo?" for shit coins.

You can check the iconic post here: I AM HODLING

I actually read and finished the whole thing. Thanks a lot! 

Another one of these threads?

There's only two terms in this list that are specific to Bitcoin, and neither are new.

They are....:

• HODL
• BTC

Anyone not knowing those needs to read this thread for longer than 10 minutes to find the answers...or just PM me.

Thank you. Op (heokonit) should have read this topic (do research for any topic related) and just replied here so we can avoid spamming in this forum.     

Here is a topic that also defines common cryptocurrency vocabulary : https://bitcointalksearch.org/topic/some-common-vocabulary-for-beginners-in-cryptocurrency-3356527

Have not heard about “when fiat panda” in the world of cryptocurrency. You can give example please. I am sure if someone know the answer he or she will reply to this thread.

Then also "when Fiat Panda?"

Thank you for posting this, it's a very useful thread for newbies trying to understand this new world. 

Thank you so much. I really appreciate it.

Added Lingo:
31. Shitcoin
Is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation.

32. When Lambo?
It's the act of asking when we are going to get rich?

33. Lambo
Aspirational symbol of success.

What about "shitcoin", "when lambo?" ?

Love it. Very helpful to those new to cryptocurrency investing.

I love it!
Meaningful topic that mostly needed by new members.
Most especially like me as beginner.
Reading the entire words one word that I can pinpoint search well done my fellow.
Keep up the good work!

Cryptocurrency Lingo/Slang


List of the Cryptocurrency Lingo/Slang which can help out others as well:

1. HODL
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.

2. 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.

3. FUD
Short form for ‘Fear, Uncertainty and Doubt’. Usually used in the form of “xxx spreading FUD again.”
Example: JPMorgan’s Dimon spread FUD by saying Bitcoin is a fraud that will eventually blow up.


4. ATH
Short form for “All-Time High”. Therefore it means the highest historical price of a specific coin.

5. 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.

6. Pump and Dump
The recurring cycle of an Altcoin getting a spike in price followed by a huge crash. Such movements are often attributed to low volume, hence the ‘pump’. Traders who pump, buying huge volumes, may wish to invoke FOMO from the uninformed investors and then dump, or sell, their coins at a higher price.

7. Shill
The act of unsolicited endorsing of the coin in public. Traders who bought a coin has an interest in shilling the coin, in hopes of igniting the public’s interest in that particular coin.

8. Bag Holder
A term to refer to a trader who bought in at a high and missed his opportunity to sell, leaving him with worthless coins.

9. Margin Trading
A term for ‘trading with leverage’. In this instance of trading, you borrow one side of the trading pair at an agreed loan rate and sell it for the other side of the trading pair. Depending on the direction you believe the market to move, you may place a long or a short bet on the trading pair of concern.

10. Long
A position that a trader takes. To take a long position on something is to believe its value will rise in the future.

11. Short
A position that a trader takes. To take a short position on a coin is to believe its value will fall in the future.

12. Limit Order
An order placed at a future price that will execute when the price target is hit.

13. Borrowing Rate
When you open a leveraged position, you will be borrowing coins at a pre-determined rate. This rate will be added to reflect your position’s overall profit and loss.

14. Lending Rate
Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others to execute their leveraged trades. The lending rate fluctuates throughout the day based on the demand for shorting the coin.

15. Fill or Kill
A limit order that will not execute unless an opposite order exceeds this limit order’s amount.

16. BUY | SELL Wall
A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target.


17. 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.

18. Circulating Supply
The price of a coin has no meaning on its own. However, the price of a coin, when multiplied by the circulating supply, gives the coin’s market cap.

19. Market Cap.
A stock’s market cap refers to the market value of the company’s outstanding shares.
In the cryptocurrency market, the market cap is used to illustrate a coin’s dominance in the entire cryptocurrency market.


20. 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.

21. 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.

22. Arbitrage
The act of buying and selling on different exchanges to earn the difference in the spread. Arbitrage opportunities occur due to differences in exchange reputation, community coin preferences and ease of bank funding.
Take note that fees, limits and prices could change anytime when you are transferring your coins between exchanges, especially during volatile times.

23. BTFD
“Buy The Fucking Dip” – When people are running around and selling because of fear, this is the time to buy.

24. Moon
Extreme bullish movement of a coin.


25. Weak Hands
Those who cannot be patient and sell at loss when the market is down.

26. Token Airdrop
Simply put, an Airdrop means a coin/token is distributed to the community for free or for small tasks. This is done to ensure early distribution and to have as many people with “skin in the game” as possible.
An Airdrop aims to build a huge community easily as people will pay attention to the coin they hold. Furthermore, they tend to promote this coin for profits, and this may cost the Development Team little to achieve the goal of advertisement.

27. Vote for Token Listing
Vote for the coins you'd most like to be listed for trading.

28. ETA
Short for Estimated Time of Arrival,is an estimate time for something to be done.


29. Bounty
Refers to a reward for users who promote the usage of cryptocurrencies(usually ICO campaign) through various social and business networks.

30. Buying the Dips
To buy into the market when the market makes a downward move by a 'large' percentage (in crypto this can be anything from a 10% to %50+ move).
Read more here

31. Shitcoin
Is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation.

32. When Lambo?
It's the act of asking when we are going to get rich?

33. Lambo
Aspirational symbol of success.

34. Whitepaper
In cryptos is prepared by a party prior to launching a new currency. It details everything you need to know about the currency before making up your mind if you want to invest, purchase or use it.

35. Distributed Ledger
Is a database in which the data is shared to all participants in the network. All those participants record, share an synchronize the whole data. There is no need for a central authority in a distributed ledger. Blockchain is somehow a distributed ledger. But the process of organizing the database throught blocks, and linking these blocks using hashes, the method of consensus based on Proof of Work, is totally different from a common distributed ledger.

36. ASIC
Application Specific Integrated Circuit. These are the specialized silicon chips which process the SHA-256 algorithm to mine bitcoin and validate transactions.

37. ASIC Miners
This is the hardware which houses the ASIC silicon chip. Connected to the internet.

38. Bitpay
Bitcoin processing company who allow merchants to accept bitcoin as a payment method.

39. Blockchain
A distributed and peer to peer digital ledger.

40. Block Reward
This is the cryptocurrency reward that miners receive for successfully hashing a transaction block.

41. BTC
Symbol for bitcoin

42. Charlie Shrem
Flamboyant and early bitcoin entrepreneur.

43. Cold Storage
Secure way of keeping cryptocurrencies off exchange.

44. Cryptocurrency
Generic term for digital and cryptography based money.

45. Difficulty
The level of resistance encountered when trying to hash a new block in the bitcoin blockchain.

46. Exchange
Where fiat money can be exchanged for bitcoin or altcoins.

47. Faucet
A reward system on a website that dispenses bitcoin in the form of a Satoshi (a hundred millionth of a bitcoin)

48. Fiat
The name for bank issued money, derived from the latin ‘let it be’.

49. Flippening
The name given for the event where a cryptocurrency who surpasses bitcoin in market capitalisation (yet to happen at time of writing).

50. Forging
The name giving to the process in proof of stake blockchains where there is no block reward. Forgers keep transaction fees instead.

51. Fork
What happens when a blockchain diverges into two potential paths forward.

52. Genesis Block
The first block to be mined in a blockchain.

53. Halving
The rate at which the block reward creates new bitcoin, halving every four years.

54. Hard Fork
New blockchain software that is non-backwards compatible, causing a chain split.

55. Hard Wallet
Device which allows cold storage of coins, for increased security.

56. Hash
The name for an algorithm which takes an arbitrary sized data set and converts it to a fixed length and composition. Bitcoin uses the SHA-256 algorithm (converting to 256 bit data sets).

57. Hash Rate
The amount of hashes a miner can perform in a period of time.

58. Lightening Network
Builds on networks like bitcoin and litecoin to allow off-chain settlements.

59. Maximalist
Another crypto slang term for a bitcoin believer who is sceptical of altcoins.

60. Mining
The process used to create coins or tokens and verify transactions on a proof of work blockchain

61. OCD
Obsessive Cryptocurrency Disorder. Suffered by those who can’t stop monitoring the value of their coins.

62. Paper Wallet
A form of cold storage. These are public and private keys held on a piece of paper. A good designer can make them look like branded bank notes.

63. Private Key
A secret number that allows bitcoins to be spent.

64. Proof of Work
This is difficult and costly to produce, but easy to verify by others. The mechanism used in the bitcoin blockchain.

65. Proof of Stake
A blockchain where there is no block reward or mining, as the creator is determined depending on stake (see forging). Less energy intensive than proof of work.

66. Public Key
Usually represented as a bitcoin address, this is the information needed to receive bitcoin.

67. Satoshi Nakamoto
The pseudonymous creator of bitcoin.

68. Scrypt
The hashing algorithm used by Litecoin.

69. Segregated Witness
Is a proposed scaling solution for bitcoin involving a soft fork.

70. SHA-256
The algorithm used for bitcoin hash creation (bitcoin’s proof of work).

71. Silk Road
The first modern dark net market, achieved notoriety. Subsequently shut down by the FBI who then auctioned confiscated bitcoins.

72. Smart contracts
Applications that run as programmed, without external influence.

73. Soft Fork
New software that is backwards compatible, so the blockchain doesn’t split.

74. Wallet
The software that allows the spending, receiving and storing of cryptocurrency.

75. Winklevoss Twins
Early proponents of bitcoin, tried to establish a bitcoin ETF (exchange traded fund) which was rejected in March 2017.

76. 51% Attack
A potential attack on the bitcoin network whereby an organization is somehow able to control the majority of the network mining power (hashrate). Bitcoin is secured by having all miners (computers processing the networks transactions) agree on a shared ledger called the blockchain. Read more.

77. BEAR
This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall.

78. BULL
This is a term borrowed from the Wall Street. This means a trader/investor who believes the prices of a particular cryptocurrency or market will rise and wants to profit from that rise.

79. BEARWHALE
This means a trader with a fat account who is bearish on the price of a cryptocurrency.

80. REKT
This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price.

81. ADDY
This refers to a cryptocurrency public address (or key). For example: “Tell me your ADDY, please.”

82. DILDO
Long green or red candles

83. DYOR
Do Your Own Research

84. FA
Fundamental Analysis

85. JOMO
Joy Of Missing Out

86. TXid = transaction ID used for finding a transaction on a block explorer.
Explorer = Block explorer used to verify transactions.

87. To get Goxed
To suffer from mt. gox’s technical glitches; to get screwed over by mt. gox; to lose all your money in a speculative investment.

88. To take a Big Vern holiday
To disappear like Paul Vernon - the owner and CEO of the now defunct Cryptsy who "vanished" like the exchange funds. Also referred to as an "exit scam". This is where the exchange owner takes your funds and disappears.

89. To receive a BFL upgrade
To receive something substandard much later than promised. (BFL = ButterFly Labs)

90. To buy a Yesminer
To pay for something and never receive it.

You can also read: Terminology

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Feel free to add more if I missed anything.
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Additional Slang
Additional Slang(xtraelv)
Be Positive