Glossary

A
Altcoin: Any cryptocurrency other than Bitcoin. The term is often used to refer to alternative coins with features or functionalities different from Bitcoin.

ATH: All time high.

ATL: All time low.


B

Bagholder: This term is for someone left with a cryptocurrency after a pump and dump. E.g Everyone holding Shitcoins after they fall.

Blockchain: A decentralized, distributed ledger technology used to record transactions across multiple computers in a secure and transparent manner.

Bearish: The downward movement of a market.

Bullish: The upward movement of a market.

BTFD– Buy The Fucking Dip.

C

Coin: There is a difference between Coins and Tokens. A coin is an asset that is native to its own blockchain e.g Bitcoin, Ethereum, Solana.

Contract Address: It is an address that provides the location of a particular token or coin in an exchange.

Cryptocurrency: A digital or virtual currency secured by cryptography, typically operating on a decentralized network using blockchain technology.

CEFI: (Centralized Finance) had always been the standard for trading Crypto before DEFI. CEFI involves the use of companies operating exchange platforms like Binance, FTX etc.

D
Decentralized Finance (DeFi): A financial system built on blockchain technology that aims to provide traditional financial services without the need for intermediaries such as banks or brokers.

DYOR: (Do Your Own Research) often aims to reduce the number of uninformed investors in cryptocurrency. It encourages them to research and understand a cryptocurrency before investing.

F

FA: Fundamental Analysis.

Farming: mostly same as staking *refer to staking.

Fiat: Government-issued currencies i.e Kwacha, Rand, Naira, Dollar, Euro, Pound, Yen etc.

FUD: (Fear, Uncertainty and Doubt) Events and news that create a negative effect on the market.

G

Gas Fee: A fee for validating a transaction.

H
HODL
: A misspelling of “hold,” originating from a Bitcoin forum post in 2013. It refers to the act of holding onto cryptocurrencies rather than selling them, even during market fluctuations.


ICO
Initial Coin Offering (ICO):
A fundraising method in which new cryptocurrency projects sell tokens to early investors in exchange for funding. ICOs are used to raise capital for blockchain-based projects.

IDO: ‘Initial DEX Offering’ refers to the launching of a cryptocurrency on a decentralized exchange (DEX) usually at a price lower than the listing price in order to raise funds.

L

LP (Liquidity Pool) : A pool of funds for a certain crypto purpose.

LP(Liquidity Provider) : A person providing liquidity to a pool.

M

Market Capital: The total trading value of a cryptocurrency. Calculated by (Current Price x Circulating Supply= Mcap)

Mining: The process of validating and adding new transactions to a blockchain through computational power. Miners compete to solve complex mathematical puzzles, with successful miners rewarded with newly minted cryptocurrency.

Moon: A belief that Cryptocurrency will rise exponentially in price.

N
Node: A computer or device that participates in the operation of a blockchain network by maintaining a copy of the blockchain and validating transactions.

NFA: (Not a Financial Advise) The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms. The market cannot be 100% predictable and even a “Correct” analysis can fail so it’s important that users apply discretion while investing.

NFT: (Non Fungible Tokens) NFTs enable people to buy and sell collectibles like art, music and trading cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope that the value of it goes up one day, so you can sell it for a profit.

O

OTC: Over the Counter.

P

POS: Proof of Stake.

POW: Proof of Work.

POH: Proof of History.

POSA: Proof of Stake Authority.
Public Key/Private Key: A pair of cryptographic keys used to encrypt and decrypt messages in cryptocurrency transactions. The public key is shared publicly and used to receive funds, while the private key is kept secret and used to sign transactions.Pump And Dump: This is kind of like a scam where people who own a large share of a Coin encourage others to buy to artificially pump the price. Once the price reaches a high point, they sell off all that they own and the price falls drastically.

R

REKT Slang for ‘wrecked’. It implies that the user lost a lot of money on cryptocurrency.

S
Smart Contract:
Self-executing contracts with the terms of the agreement directly written into code. Smart contracts automatically enforce and execute the terms of the contract when predefined conditions are met.

Stablecoin: A cryptocurrency that is tied to the value of the US dollar to make it more stable and less volatile. E.g USDt, BUSD

Staking – The act of locking up your cryptocurreny to help secure the network and validate transactions.

T

TA: Technical Analysis.
Token:
A digital asset issued on a blockchain that represents ownership of a particular asset or access to a service. Tokens can represent various assets, including cryptocurrencies, utility, or security.

Tokenomics:  This is a combination of Token & Economics. It helps understand the supply and demand characteristics of a cryptocurrency.

Tokens: Tokens are created on existing blockchains. I.e Every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a Token. E.g $cake (Bsc), $rope (Sol), $UNI (Eth). Tokens are the backbones of DEFI & exist to be used with DEX.

W
Wallet: Software or hardware used to store, manage, and interact with cryptocurrencies. Wallets can be desktop, mobile, web-based, or hardware devices, providing secure storage and access to cryptocurrency holdings.

Weak Hand: A coin holder prone to selling at the first sign of a dip in price.

Whale: A crypto whale is wealthy individual or a company that can move large amounts of cryptocurrency in one go. This can have a big impact on the market.

White Paper – A white paper is a document that outlines what a cryptocurrency is created to do and how it will achieve it.