ABBREVIATIONS AND TERMS A NOVICE IN CRYPTO WORLD NEEDS TO KNOW

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·@abdulquahar·
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ABBREVIATIONS AND TERMS A NOVICE IN CRYPTO WORLD NEEDS TO KNOW
Let me start by telling you what really inspired this post….. it all started when my very good friend @udezee advised that I should HODL on a coin I wanted to sell, and I thought the HODL was a probably a mistake caused by the prediction on his smart phone ,but I was quite amazed when I saw the same word in a whatsapp crypto group which made me realize it actually meant something and I decided to DMOR and this is what I came up with
![yrch59bjfp.jpg](https://img.esteem.ws/yrch59bjfp.jpg)
[SOURCE](https://i.dietdoctor.com/wp-content/uploads/2013/01/confused.bmp?auto=compress%2Cformat&w=650&h=431&fit=crop)

***SOME TERMS YOU SHOULD KNOW***
ASHDRAKED:	A situation where you lost all your money
ALTCOIN:	Any crypto currency other than bitcoin.
BAGHOLDER:	A person who buys and hold coins in large quantity hoping to make good profits. In most cases this backfires, because the depreciate coins never pick up in value again
BEAR: Negative price movement
BULL: positive price movement
BTFD:	Buy the fucking dip ( an indication to buy a coin when it has dumped)
DUMP:  to sell off a coin
DUMPING:	downward price movement
DYOR: do your own research
FOMO: 	fear of missing out ( a coin is pumping and you get the feeling it is going to pump more so buy high 
FUD: fear uncertainty  &doubt
HODl: hold / hold a position
JOMO: joy of missing out
LONG :marginal bull position
MCAP:	market capitalization
MOON: continuous movement of price
OTC: over the counter
PUMP:	upward price movement
SHITCOIN: a coin with no potential value or use
SHORT: margin bear position
SWING:zig-zag price movement (upward or downward)
REKT: when you come up with a bad loss
REVERSE INDICATOR : someone who is always wrong predicting price movement
WHALE	: very wealth trader/market mover
That’s just some need to know jargons in the crypto world.

 So when next a WHALE chats you up you should be able to overcome your FUD ..( just try to be funny tho)
Hope you had a nice time reading
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