so, i’ve had some whiskey
actually on the bottle it’s spelled whisky
Wrote GameKyuubi on bitcointalk.org on December 18, 2013 misspelling the word “hold” as hodl.
This word is just one of the crypto slang.
If you want to understand all the threads and to be able to say something in crypto discussions, this blog post is for you :)
We prepared a list of cryptocurrency slang words with explanations.
Here they are for you:
Address
Bitcoin wallet is a software program which allows you to store, send, receive Bitcoins and control your BTC balance. Bitcoin, or in other words — digital wallet, keeps not bitcoins, but a private key (password) for the public key (address) which every Bitcoin has. The address is simply used as an email, or bank account number with an individual 25–36 long digital combination of symbols, for instance: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
Read more in our FAQ: TRASTRA Bitcoin wallet
Altcoin
A short name for “alternative coin” that relates to all coins besides Bitcoin.
Arbitrage
The process of purchasing and selling coins on different exchanges to earn the difference in spread.
Application Specific Integrated Circuit (ASIC)
ASIC, in simple terms, is a computer chip that permits computer to perform only one specific function. It is used by miners who want their computers do only mining.
ATH
All-Time High — the highest historical price of a specific coin.
Bag Holder
Means a trader who made an investment (bought) at the time when a coin had a high price, didn’t sell it and left with worthless coins.
Bearish
Descending trend.
BIP
Bitcoin Improvement Proposals. A list of proposals that members of the bitcoin community have proposed to improve bitcoin.
Blockchain
A database that contains different types of decentralized and non-controlled data, encrypted to blocks.
BTFD
“Buy The Fucking Dip”. The best time to buy coins is the time when others selling them because of fear.
Related: 15 YouTube channels about crypto
Bullish
Ascending trend.
Buy the rumor, sell the news
Buy cryptocurrency if you hear a good news about it, do not wait too long.
Circulating Supply
It is the approximation of the number of coins that are circulating in the market and in the general public’s hands.
Continue reading in our blog: https://trastra.com/what-does-hodl-mean-crypto-slang/
