GUIDE Important Crypto Terms

Below you can find the "Slang" terms used within Cryptocurrency, these are mostly used on Forums relating to Crypto:

HODL
In early bitcoin forums, someone posted a message that spelled the word “hold” wrong, and readers interpreted it as an acronym “hold on for dear life"

FUD
FUD means “fear, uncertainty and doubt.” Bitcoin followers advise to HODL your coins despite the FUD of those outside the community.

Sats or Santoshi's
“Sats” is short for “satoshis,” a term derived from the first name of , Satoshi Nakamoto. It refers to the smallest fraction of a bitcoin that can be sent, which is 0.00000001 of a bitcoin.

Whale These are the people who own a ton of cryptocurrency, we’re talking about like hundreds, or even thousands of Bitcoin equating to hundreds of millions of £/$

Pump and Dump
Pump and dumpers are people who often say, ‘Hey, let’s all of us together pump this coin,’ which means buy the coin, create the demand in the market, the coin will go up in value and they all sell shortly after - this is illegal to conduct in traditional markets, and likely people with money are benefiting it more than you are.

Bagholder
A bagholder, essentially, is a very unfortunate soul who at the end of the day — maybe from a pump and dump — who got ‘held with the bag,’ which means they wanted to sell at a higher price, but the market moved too fast

Mooning
If something is “mooning,” that means a coin’s price is experiencing a spike.

ATH
ATH = All Time High (Highest price the coin has reached)
 
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