Trading Related Terms
Websites where you can buy and sell crypto-currencies. Some popular exchanges in North America are: Coinbase
Government-issued currency, such as the US dollar.
Someone that owns absurd amounts of crypto-currency.
Limit order / limit buy / limit sell
Orders placed by traders to buy or sell a crypto-currency when the price meets a certain amount. They can be thought of as ‘for-sale’ signs. These orders are what are bought and sold against when traders place market orders.
Sell wall / Buy wall
Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like walls. A simple purchase or sale on an exchange at the current price. Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books.
The act of ‘magnifying’ the intensity of your trades by risking your existing coins. (NOTE: Very risky, only for experienced traders and only on certain exchanges even then)
A margin trade that profits if the price increases.
A margin trade that profits if the price decreases.
An expectation that price is going to increase.
An expectation that price is going to decrease.
All-Time-High. We’ve gotten a lot of these the past couple months.
Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)
Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens. ?
Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether. This is essentially crowdfunding on the ethereum platform.
Shilling / pumping
Someone essentially advertising another crypto-currency. If a coin is promised to cure cancer or be the second coming of Jesus, it’s being shilled.
A crypto-currency with extremely low volatility that can be used to trade against the overall market.
Taking advantage of a difference in price of the same commodity on two different exchanges. Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges.
Fear Of Missing Out. The overwhelming sensation that you need to get on the train when the price of something starts to skyrocket.
Fear, Uncertainty, and Doubt. Baseless negativity spread intentionally by someone that wants the price of something to drop.
Someone that is spreading FUD.
Pump And Dump
The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.
Someone still holding an altcoin after a pump and dump crash. Can also just refer to someone holding a coin that is sinking in value with few future prospects.
The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit. This site shows a great run-down of each coin’s market cap.
Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money).
Trend Analysis or Technical Analysis. Refers to the process of examining current charts in order to predict which way the market will move next.
Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices.
A margin around the price of a crypto that helps indicate when a coin is overbought or oversold.
Long ago, someone on a bitcoin forum got drunk and made a post with this typo in the place of ‘hold’. A meme was born.
What we’re all going to buy when we’re rich. Obligatory
This is gentlemen
“This is it, gentlemen”. Used to point out positive things that are currently happening.
In the crypto-world, this does not mean exposing your buttocks. It is referring to a price going up astronomical levels.