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Cryptocurrency Glossary

Airdrop – An airdrop is essentially a project’s way of giving out free cryptocurrency tokens. This
is typically done as a marketing measure to help encourage participation within new projects or
platforms. Oftentimes, the airdrop will have certain requirements that must be met in order to
qualify for the tokens. This ranges from simply participating in an existing project, or holding a
certain token for X amount of time.

Altcoin – The word “altcoin” stands for “alternative coins” and it refers to cryptocurrencies that
are not Bitcoin. These tokens present themselves as better alternatives to Bitcoin in general.
Many altcoins are attempting to address any apparent Bitcoin flaws by developing competitive
edges in updated models.

Ape – Ape is a term used to describe people who rush into purchasing a new NFT or currency
without conducting extensive due diligence or study. It all started with the Planet of The Apes
‘apes together, strong’ meme. Nevertheless, it is always recommended to thoroughly study and
understand any project you plan on investing in before you spend your hard-earned money.
ATH – The acronym ATH stands for ‘All-Time High,’ and it refers to the highest price ever paid
for a coin. The term ATH is also frequently used to imply that a person’s whole portfolio has
recorded its highest value ever.

ATL – ATL means ‘all-time low,’ as opposed to ATH, which stands for ‘all-time high.’ ATL
denotes that the value of a currency or a person’s whole wallet has reached its lowest point

Bag Holder – A bag holder is somebody who owns a small amount of a cryptocurrency that isn’t
so valuable anymore. This is frequently accompanied by the belief that the cryptocurrency will
be valuable again in the future.

Bearish / Bear – A ‘bearish’ market is one in which the overall crypto market trend is moving
downward. ‘Bullish’ is the polar opposite of ‘bearish.’

Bot – A bot is a piece of automated software that performs a certain task. It can be used to
handle trades and perform transactions on behalf of human investors, and to provide a variety
of Discord server customizations, such as responding to frequently asked questions, and
sending out preprogrammed content

Bounty Program – Bounties are basic duties that the team behind a coin assigns to the
project’s followers The duties might be as easy as retweeting a tweet or joining a Telegram
channel. It could also be more challenging, such as in the case of a translation assignment. In
exchange for completing these bounties, players receive prizes in the form of coins.

BTD/BTFD – BTFD stands for “buying the fxcking dip,” while BTD stands for “buying the dip” It
refers to buying an asset after its price has plummeted, which is usually regarded as a good
deal because the item is anticipated to recover and improve in value over time following the
short-term correction.

Degen – Degen is a shortened form of the word “degenerate,” and it typically refers to
individuals who make dangerous and unwise bets on a regular basis. The term is usually used
to classify individuals who buy digital assets like NFTs and altcoins without conducting some
research in the crypto industry.

Diamond Hands – Diamond Hands is a term used to describe someone who has a high
tolerance for risks and invests in assets that are known for their extreme volatility. Diamond
Hands do not sell their assets in a panic, regardless of whether their value has decreased or
increased. Diamond Hands could also have a negative connotation when it refers to an
obstinate investor who refuses to sell an asset despite its declining worth.

DYOR – Do your own research, or DYOR, is considered one of the most fundamental
components of being a cryptocurrency trader. To combat fraud, people are encouraged to ‘Do
Your Own Research’ and thoroughly study any potential investment before committing funds to
it. Some cryptocurrency figures also use it as a disclaimer when they publish their analysis or
assessments about projects on social media networks.

FOMO – FOMO stands for “fear of missing out,” and it applies to people (particularly newcomers
to the market) who rush into buying an asset simply because they see a lot of other people
doing so or hear people talking about it, without completing any due diligence. Intelligent
investors, however, constantly avoid FOMO and keep their cool before making any investments.

FUD – Fear, Uncertainty, and Doubt is the full meaning of FUD. When the value of a coin/NFT
project drops, or when there is some form of unfavorable news or rumors is when FUD is at its
most. There is usually a lot of fear and uncertainty, so people tend to sell their assets in a
frenzy. Being analytical and a little skeptical is essential in making the best investment
selections; however, allowing your emotions to take over is not a good idea, since many people
make the worst investment judgments when they invest emotionally.

HODL – HODL is an acronym for “hold on for dear life” and it refers to the practice of holding an
asset for an extended period of time, regardless of price. HODL was derived from a
serendipitous error on an early Bitcoin forum in 2013, which was misinterpreted as an acronym
by readers and has since become extensively used.

Hopium – Hopium is a phrase formed by combining the terms “hope” and “opium.” This is a
term used in cryptocurrency trading chat rooms and social media forums to describe people
who are extremely optimistic about the market or a certain coin and continue to hold their

JOMO – JOMO stands for ‘Joy Of Missing Out,’ and it pertains to a crypto trader who is glad he
did not take a particular position. It is frequently used after a significant price decrease.
Market Cap(italization) – The overall worth of all coins is represented by the market cap. Many
newcomers make the error of simply looking at the unit price of a coin to determine if it is
valuable or not. Market capitalization is a better metric for this.

Mining – Mining cryptocurrency is the process of adding blocks to a blockchain by tackling a
mathematical problem. The block can also include transactions from that blockchain, making it
confirmed and immutable. Mining can be done using a CPU, GPU, specialized hardware, or a
combination of all three, depending on the blockchain.

Moon/Mooning – When a coin’s/price NFT’s soars to the moon, it implies it has skyrocketed in
value. ‘Coin X is mooning!’ is a common phrase in crypto-related conversations. ‘When moon?’
can also be used to express a desire for a price hike.

OG – The term OG comes from the rap/hip hop culture and means “original gangster.” It’s
becoming more popular these days, especially in the crypto world in Telegram chat groups and
on Twitter. It refers to someone who has been present and involved since the beginning. In the
context of cryptocurrency, this means since the coin’s creation.

Phishing – Phishing occurs when a hacker attempts to obtain personal information from a
person, such as a username and a password or credit card information. This is frequently
accomplished by creating a phony website or application that seems identical to the real one.
This is prevalent in the cryptocurrency space because stealing all someone’s coins requires
only the private key.

Portfolio – A cryptocurrency portfolio is a collection of all of your cryptocurrency holdings in a
single place. You can own multiple cryptocurrencies and tokens, to keep track of the amount
and price of each buy and sell order to record their value. This can be achieved using a
spreadsheet, but most current exchanges have a portfolio feature that helps users see all the
vital information about the coins that they’ve bought.

Rekt – Rekt means to lose money due to a decrease in the value of a coin. The term “rekt”
derives from the phrase “wrecked” and it was originally prevalently used in gaming when a
player is entirely annihilated in a game. So when someone loses a lot of money due to their
coins crashing in crypto, they get #rekt!

Rugpull – When developers steal off the money of investors and abandon the project after a
large sum has been allocated to the fraudulent crypto or DeFi project, this is known as a rug
pull. These undertakings are almost always started by people with nefarious motives.
Shilling – When someone subjectively promotes a coin or an initial coin offering (ICO), they are
shilling. This is sometimes purely out of excitement, and other times it’s to persuade as many

customers or investors as possible to join in with the goal of making as much money as possible
when the price rises.

Shitcoin – A shitcoin is a coin that has a low rating among those who discuss it. As a result, it
may be any altcoin, including Bitcoin. The argument for the coin’s low rating could be a lack of
creativity, poor communication, slow progress, or that there is a similar coin that is far superior.
Two Factor Authentication (2FA) – Two-factor authentication is a security protocol with two
layers of protection. It works by requesting two forms of information: a personal identification
number (PIN) or password, a code delivered to the user’s smartphone, or a fingerprint before
the user can get access to the account.

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