Crypto Jargon – The Phrases You Hear but Don’t Understand Explained!

In this episode, Craig and Blake take the helm while Tracy enjoys a well-deserved break. The boys discuss all the jargon that litters the crypto landscape, from FUD and HODL to PoW and PoS. It’s all the phrases you wish

Kicking off, Craig describes how HODL (hold on for dear life) came into being after a slightly drunk investor spelt 'hold' incorrectly on a chatroom. It was quickly adopted and is now used by crypto enthusiasts as a war cry for never selling. HODL is sometimes used in conjunction with FOMO (fear of missing out), which is the act of panic-buying a coin without properly researching its fundamentals.

Moving on, Blake describes another common acronym, BTD (sometimes BTFD), which stands for "buy the dip" (you can imagine what the additional F stands for). Crypto traders often use BTD as an encouragement to other investors when the market is dropping. Less common these days, FUD (fear, uncertainty and doubt) was often used in the early days of crypto when negative stories about the market were spread by people in order to capitalise on the subsequent price dips.

All-time high (ATH) is another common acronym we often see, used to describe the highest price that a coin has ever achieved. This takes us to the terms bullish and bearish, which describe how a market is acting - a bullish market is a positive, arrogant market that is going up, while a bearish market is a more quiet, reserved market that is going down.

Keep listening to the rest of the podcast for explanations of more crypto jargon like mining, dumping, forking, proof-of-work (PoW), proof of stake (PoS), hot wallets, cold wallets, whales, and more.

Enjoy.