For those of you who are just getting into the world of crypto assets for the first time, you must have felt confused by various unique terms in the world of trading and might seem confusing.
Jargon like HODL or FOMO is often mentioned in the conversation of the crypto asset trading community. Not to mention when you hear the term Bull or Bear with a signal illustration in the form of a bear and an adorable bull. You may even be surprised.
As a newcomer, you will naturally want to know what the various jargon and terms that are often thrown around in the forum mean. Knowledge of the terms in crypto assets will of course make it easier for you in the learning process. So, to understand the unique terms in the world of crypto assets, this time AllCrypto will briefly review them for you.
FOMO or Fear Of Missing Out is a term from the crypto world that is closely related to everyday life. The term FOMO is usually aimed at beginners who join the world of crypto asset trading because of the hype.
People who experience FOMO will usually have the feeling to follow what other people do. Fear of being left behind. Especially when you feel that one of the coins is going to go up in price.
This phenomenon is the fear of missing out on interesting things or profitable opportunities. FOMO first appeared on social media and as its use has become more massive, the term has now been added to the Oxford English Dictionary.
Maybe you often hear this unique term in the world of trading. Whale is the name for large traders who hold large amounts of coins, at least 5 percent of all digital assets stored. The term whale first came from the casino world, referring to casino players who have deep pockets.
These big players have large capital and can be market movers. Every decision they make in buying and selling coins can affect the volatility of the value of crypto assets, especially small coins.
HODL is actually an anagram of “HOLD“. Usually written in capital letters.
This term first appeared in December 2013. At that time a user named the GameKyuubi account made a comment when he was drunk on a Bitcoin forum. At that time, the value of Bitcoin was falling 39 percent from $716 to $438.
The drop in value made him panic. In the midst of a heavy head, he wrote a typo-laden comment. One of them is “I AM HODLING“. The typo turned out to be a popular joke and led to an important term in the crypto world.
Just like HOLD, HODL in a crypto asset buying and selling strategy means holding or holding. People who do HODL are known as HODLERS.
In this condition, you will hold your crypto asset no matter how fast or low the price falls. Interestingly, currently forum members even make an extension of the tipo, namely “Hold On for Dear Life.”
This term is a misspelled form of wrecked. Rekt is a term usually used by gamers to describe a player who loses and is completely destroyed.
In the crypto world, traders use this term for investors who make bad decisions.
For example, such as selling coins too quickly before the price rises, or buying too slowly until the price becomes expensive. The term rect is also often used for investors who lose money because of making mistakes or lose because they run out of capital due to scams.
FUD stands for Fear, Uncertainty, and Doubt, or what is often dubbed as Facts U Dislike.
The term FUD is intended for psychological tactics that play with the negative emotions of humans, especially players in the crypto world, to influence the market. Usually FUD is used by investors who want to lower the price of coins just so they can buy them cheaply.
They will spread fear and doubt in existing crypto activist communities. Usually experienced traders will ignore this tactic and HODL their assets until the price stabilizes.
Pump and Dump
A unique term in the trading world that is often mentioned in forums is pump and dump. Pump and dump is another tactic used by a group of people to manipulate sentiment in the crypto asset market. Usually, interested people will lead investors and traders’ opinions on a coin. As people and community pay more attention to the coin, the price will increase (pump).
Then people who have an interest in selling their coins or tokens will join the crowd. The amount of supply in the market will certainly make prices fall (dump). A dump can also occur when a negative issue arises and enters the market, giving rise to FUD.
For those of you who are beginners, it is advisable to be aware of pump and dump tactics if you don’t want to lose money. Especially if the culprit is the whale. You can just see a big ‘wave’ in the value of crypto assets.
The term bagholder actually comes from Wall Street. Bagholder is defined as an investor who loses money because he has held stocks with poor performance for a long time, hoping that the price will increase. Bagholders will usually continue to maintain their investment even though the value continues to decline until it becomes worthless.
In the crypto world, the term bagholder can be applied to traders who fail in pump and dump conditions. Even though the asset price is plummeting, there are investors who cling to their altcoins even though their value is no longer there, and may be near zero.
Bearish and Bullish
Of course, you often hear this unique term when the crypto asset trading community is discussing price changes. In the crypto world, bearish and bullish are used as markers of market movements.
The term bearish is usually used when there is a price decline. Conversely, if there is a belief that the price is trending upwards and has even started to rise, this condition is considered a bullish situation.
The term no coiner itself actually has many meanings. Some think that no coiner is a term for people who do not own crypto assets. But there are also those who interpret a no coiner as parties outside the crypto asset community or someone who has never heard of cryptocurrency.
No coiner is the term most commonly used as a derision for traders who have sold all of their coins for not believing in Bitcoin. The term no coiner is also used for people who have lost their chance to profit because they feel Bitcoin is just a scam.
They usually miss buying opportunities when Bitcoin is still low. Not infrequently, no coiner with his cynicism becomes one of the FUD actors.
To the Moon
Moon or to the moon is a term that describes a crypto asset that is rapidly rising and reaching peak value, both in terms of price and sales volume. The term was originally used on forums and Reddit, and eventually became popular.
The term cryptosis or also often referred to as OCD (Obsessive Crypto Disorder) is the desire to absorb any information about crypto assets.
Usually, cryptosis is caused by a very high enthusiasm for crypto assets. The term usually refers to people who are constantly talking, reading, and listening to info about crypto assets while buying bitcoin or altcoin.