- 26.03.2020

What does bitcoin mean in slang

what does bitcoin mean in slangSo what does that mean? To make sense of such crypto-slang, CNBC Make It asked Peter Saddington, a serial entrepreneur and early bitcoin. Definition of BTC in Slang/Internet Slang. What does BTC stand for? Printer friendly. Menu Search. New search features Acronym Blog Free tools "​AcronymFinder.

what does bitcoin mean in slangSo what does that mean? To make sense of such crypto-slang, CNBC Make It asked Peter Saddington, a serial entrepreneur and early bitcoin. Definition of BTC in Slang/Internet Slang. What does BTC stand for? Printer friendly. Menu Search. New search features Acronym Blog Free tools "​AcronymFinder.

51% Attack

So, with so many people pouring their cash into Crypto, it makes sense to at least try to understand what is going on…. Sound familiar?

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A crypto trader who buys a coin and does not plan on selling in the foreseeable future is called a hodler of the coin.

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.

What does bitcoin mean in slang

Therefore it means the highest historical price of a specific coin. A huge player who has a substantial amount of capital. Whales are said to have the ability to be market movers for small alt-coins too due to their huge capital. what does bitcoin mean in slang

What does bitcoin mean in slang

Pump and Dump. Check this out recurring cycle of an What does bitcoin mean in slang getting a spike in price followed by a huge crash.

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.

Tech Terms

The act of what does bitcoin mean in slang endorsing of what does bitcoin mean in slang coin in public. 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.

Margin Trading.

An Illustrated Glossary of Cryptocurrency Slang (Infographic)

In this instance of trading, you borrow one side of the trading pair at an here 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 what does bitcoin mean in slang bet on the trading pair of concern. A position that a trader takes.

To take a long what does bitcoin mean in slang on something what does bitcoin mean in slang to believe its value will rise in the future.

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To take a short position on a coin is to believe its value will fall in the future. Limit Order. What does bitcoin mean in slang order placed at a future price that will execute when the price target is hit.

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Borrowing Rate. When you open a leveraged what does bitcoin mean in slang, you will be borrowing coins at a pre-determined rate.

What does bitcoin mean in slang

Lending Rate. Some exchanges have lending accounts. You may deposit your coins into these lending accounts to lend your coins for others what does bitcoin mean in slang execute their leveraged trades.

What does bitcoin mean in slang

The lending rate fluctuates throughout the day based on the demand for shorting the coin. Fill or Kill.

From HODL to the moon: All the cryptocurrency slang you need to know to sound like a bitcoin expert

A wall as seen in the depth chart of exchanges is an amalgamation of limit orders of the same price target. Bitcoin is the main index for cryptocurrency market. If BTC goes up, other coins go up. If BTC goes down, other coins go down.

Circulating Supply.

What does bitcoin mean in slang

The price of a coin has no meaning on its own. Market Cap.

What does bitcoin mean in slang

A well-timed DDoS attack at exchanges link 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.

Coins bought during ICOs are usually sold for a profit when what does bitcoin mean in slang coin first hits exchanges.

What does bitcoin mean in slang

This is due to the what does bitcoin mean in slang 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.

The act of buying and selling on different exchanges source earn the difference in the spread.

What does bitcoin mean in slang

Arbitrage opportunities occur due to differences in exchange reputation, community coin preferences and ease of bank funding. Take note that fees, what does bitcoin mean in slang and prices could change anytime when you are transferring your coins between exchanges, especially during volatile times.

What does bitcoin mean in slang

Moon Extreme bullish movement of a coin. Weak Hands Those what does bitcoin mean in slang cannot be patient and sell at loss when the market is down.

Have I missed out any Cryptocurrency lingo that you would like to add? Send me a tweet here.