On Friday, at 2 PM, Gujarat-based crypto trader Abhishek Panchal tweeted a screenshot of key crypto currencies like Decentraland, Enjin and Bitcoin showing abnormal price change on Wazir X due to a bug. “The glitch was fixed after some time. I quickly tweeted to let other people know there was a problem,” Panchal told ET. Both of these slangs are what they sound like – the strategy to get as many coins as possible at cheap prices and hold them for a long time hoping it will get as valuable as Bitcoin is today. Cheaper NFT collections and $100 gaming NFTs have been generally selling better than the expensive stuff, though Maegaard said he did sell a CryptoPunk depicting an ape in a hoodie for $4.45 million on Sept. 28. On average, an Ethereum blockchain-based NFT fetched $120 on Oct. 3, compared with $1,631 in early February, according to market data researcher NonFungible. On the Ronin blockchain used by Axie Infinity, average prices were down to $16 as of Oct. 3, from $69 in February, the researcher found.

One of the numerous computers working on the same blockchain network that can communicate with the other computers on the same network. A crypto slang that is used to refer to someone who doesn’t trust the crypto market and hence stays away from investing in it. It is a virtual world where people can perform all activities of the real world.

Acronym for Fear Of Missing Out which describes the tendency of people to start investing in assets depending on the tendency of other investors. The place/platform where various kinds of crypto coins/tokens are brought or sold. The basic notion behind scalping is to collect small day-to-day profits instead of waiting for a huge jackpot out of your crypto investments. Primarily, scalping in crypto is what day-trading in the stock market is. This term is used when a cryptocurrency hits its All-Time High price and is still rising off the charts.

Greed, poor technology, poor market awareness, low or no visibility on social media, and over-hiring are some of the factors that can cause hiccups. Hiccups may occur when a company spends too much on costly office supplies and other luxuries instead of concentrating on goods and marketing. With a 51% attack, a person is able to to control more than half the blockchain network. As you know these terms, you’ll understand all crypto talks easily and learn more as you immerse yourself in this world.

It refers to a kind of graphical representation of the price trends of the market. It is a cyber security measure that keeps digital information & machinery protected from unauthorized access. Investing strategy applied to gain maximum profits and outperform the market.

Aradhana Gotur is a Content Writer with 4 years of experience in personal finance, stock markets, and lifestyle areas. Having recognised the power of words, she constantly works on using them to enhance financial awareness among the masses and meet business objectives. One of her greatest strengths is breaking complex concepts in an easy-to-understand way. With cryptocurrency getting traction from investors across the globe, new slang keeps coming every day. To understand the market better, you should keep yourself updated with all the latest slang of cryptocurrencies. So if they are on a buying spree, the markets will generate instant returns, and if they decide to sell off due to their large holdings coming into the market at the same time, it can crash the market.

To boost interest and awareness, innovative projects can airdrop as well as distribute their tokens. Many businesses will ask you to publish details regarding the task on a social networking https://1investing.in/ page just before they deliver the token to your wallets. Diamond hands is a slang term for investors who refrain from selling their crypto holdings despite downturns or losses.

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For beginners, coin and token may look the same, but there’s a significant difference between the two. Coins are cryptocurrency projects with their own blockchain and ecosystem. Instead, they act as building blocks for other cryptocurrency tokens.

One can use ‘Mooning’ when a coin crosses over a 100% increase in value in a short time. It is used to define a crypto investor or project that has been destroyed completely. For instance, the crash of Terra Luna rekt several investors after its price crashed to $0. Rekt can also be used in the crypto gaming arena, describing a player that was defeated by a considerable margin. For instance, almost every investor these days is probably watching crypto charts and wondering, wen moon.

Not just your phone, but your tablet, pads, computers, cybercriminals use botnets to orchestrate – – Credential leaks – Data theft We say, tread with caution by avoiding clicking on unknown links. Stop in the name of the law or as the Ripple network says, The Balance Freeze Functionality. These are essentially invisible doorways that halt or as the name suggests ‘freeze’ transactions to stop or avoid illicit activities from happening. Before the obvious question pops into your minds, let us help you clear it – No, the powerful security feature is not meant for the token of XRP but only for the Ripple network itself. You can now enter the legit grounds with zero worries, and you only have Balance Freeze Functionality to thank. Ethereum and Ripple were the largest altcoins by market capitalization in February 2020.

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This is a popular investment strategy also used amongst stock market investors. On the stock market, it describes an investor who holds on to their shares in a company for too long and ends up taking a huge loss when the value tanks. In cryptocurrency, it basically means the same thing — if you buy a bunch of altcoins, and wait too long to sell, their value could go to zero, and you’re left holding the bag. The burning of tokens sends a considerable amount of cryptocurrencies in circulation to an inefficient wallet. If a whale even sells off half of its holding, the market value of that cryptocurrency will crash within a few minutes. The majority of cryptocurrency whales are anonymous and have not revealed their identity.

In case you would like to utilize a crypto wallet, you have to be extremely cautious regarding saving the seed term or maybe a personal key. The private key is exactly what lets you send out crypto on the wallet. A term speaking about the point that anybody who has got the private key element for a crypt wallet can manage the wallet.

Weak hands

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Even if a whale does not sell off its token for years, it will decrease the market value of that particular cryptocurrency as it will lower the liquidity. It is the foundation of the entire trading system and also famously known as Block 0. Talking about Bitcoin Genesis Block, did you know it almost had a dedicated community that worships the block. In fact, Bitcoin buffs even donate small amounts of their bitcoin as a tribute to the Genesis Block and its founder, Satoshi Nakamoto.

NFT/Non-fungible Token

NFT stands for Non-Fungible Token, which is neither physical nor replaceable. Contrary to the US Dollar, an NFT is a digital token existing virtually on the Internet. Unlike the former, which could be exchanged with another dollar bill of the same value, NFTs are distinctive tokens – thanks to their unique ID. The shift is indicative of the metamorphosis taking place in the market for the once-coveted digital images promoted by the likes of Justin Bieber and Madonna. The Crypto DictionaryThe A-Z of Cryptocurrency.Acronyms, slang, words, and terms explained.An easy to follow reference guide to help you decipher crypto jargon and join in the conversation that is changing the world. CAs, experts and businesses can get GST ready with ClearTax GST software & certification course.

This is likely to occur if you do not have sufficient to meet up with the minimum specifications to exchange it on the crypto exchange. Or maybe perhaps you can get the dust for a lesser amount than you will purchase the transfer and utilize it. Currently, BTC occupies the number one position in terms of market cap, with Ethereum in a distant second place. Many believed that the Ethereum Merge would help the network surpass BTC in terms of market cap, effectively flipping the scenario on its head. Of course, once they have raised enough money, they run away with investor funds. It feels like the rug has been quickly snatched away from below your feet, and hence the name.

In the week of Sept. 19, mints of new NFTs reached all-time highs, according to researcher Nansen — largely due to debut of small NFT collections with low prices. “Is where things are really nasty on the market,” said Checo when asked the meaning of the term “bear market”, displaying his knowledge. Reduced 30% in a year, international freight prices are good news for exporters. Business leaders can help by keeping the growth in mind to avoid/heal hiccups. In so far as they provide lessons that business leaders can then build on for future success, this mindset can extend even to the hiccups themselves. Business leaders must also plan themselves for many different future scenarios.

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It became popular in 2017 when Bitcoin prices were going through the roof. Crypto enthusiasts poked fun at the sharp rise in prices, saying BTC was shooting for the moon. Since then, the term has been used and adapted for many circumstances. ‘Bagholder’ refers to someone who continues to hold large amounts of a specific coin regardless of its performance. These investors are either unaware of their trade’s drop in value, or wait to sell at a higher price.

Shilling means promoting any crypto coin through implicit advertising. Shilling attempts to spread buzz about a coin by personally endorsing the product in public forums— with the pretence of unpaid promotion, when in fact he/she is being paid for his services. Sell all of their holdings, making massive profits, but dropping the price of the coin drastically. Initially, the phrase was used to refer to Bitcoin’s ability to increase in value, however, the phrase is now used for any cryptocurrency with the ability to rise in price. A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021.

• It’s viewed as a faux pas in the cryptocurrency community to sell instead of holding on for dear life.
• The name has been derived from the name of bitcoin’s inventor, Satoshi Nakamoto.
• Now, when someone falls prey to such a scam, they are known to be rugged.
• Tokens don’t have their own blockchain to live, and hence they reside on the blockchain like ERC20, Binance Smart Chain, and many others.

Crypto enthusiasts are developing new alternative financial systems and assets. When they are carrying out this, they’re additionally creating new terms, acronyms as well as phrases for their community. Bridging language boundaries could be an excellent place to begin in case you wish to purchase crypto or are looking into checking out the space. So, if you are planning to trade or mine Bitcoin, then you may check this Trading App. An investor who has low risk tolerance, and exits a trade at the first sign of risk is called ‘paper hands’.

‘Whales’ put huge buy orders on the market at higher prices, which raises the price of the coin. Any movement by whales will potentially gain attention, and manipulate the price of the crypto market. Industry insiders say that the exchanges have tried to build redundancies into the system, but sometimes the sheer number of transactions can overwhelm the system. “At this point of time, with the phenomenon of FUD in the market, a majority of the users are panicking and are rushing to save their hard-earned money by selling their crypto assets.