By With the gaining popularity of cryptocurrency, many new investors have started entering the market. And with that, the need for learning the basic terms is also increasing. Conducting the proper research on cryptocurrencies may require a would-be investor to explore many areas. One area, in particular, that could prove helpful is simply learning the basic industry terminology. Certain lingo is highly unique to the digital currency, making it unlikely that traders would have picked it up when studying other asset classes like stocks, bonds, and commodities.
In the cryptocurrency world, a lot of slang and crypto terms are used. This article will familiarize you with some of the widely used terms and phrases.
1. ATL
It stands for all-time low and it is just the opposite of the term all-time high.
ATL is used to indicate that the price of a coin or the entire wallet of a person is at the lowest level ever in terms of value.
2. Bag Holder
A bag holder is someone who has a position in a certain coin, which is not worth much more. Often this is accompanied by the hope that this position will be worth something again.
3. Bear whale
A ‘bear whale’ is someone with a very large position in a coin, but with a ‘bearish’ vision. The bear whale will take every opportunity to sell parts of his position, which prevents the price from rising significantly.
4. CBDC
The full form is ‘Central bank digital currency.’ It is the fully digital form of fiat money. Unlike Bitcoin, this type of currency would be created by a centralized authority like a central bank or a monetary authority.
5. DeFi
It stands for ‘Decentralized Finance’. It can be defined as a new financial ecosystem consisting of various financial tools, apps, and services utilizing blockchain technology. Examples of DeFi functionality are banking services in the form of stable coins, decentralized exchanges, derivatives, prediction markets, or lending and borrowing systems.
6. Dildo
A dildo, in crypto terms, refers to a large rise in the price of a coin. At the moment that a sudden rise in the price takes place, a ‘candlestick’ in a ‘candlestick chart’ shoots up. According to some people, this phenomenon looks like a dildo.
7. DYOR
DYOR is a term, which you often see in disclaimers and in chat groups regarding the cryptocurrency market. It stands for ‘Do your own research’. It is a quick way of saying that no financial advice is given and you have to do your own research before using you make an investment.
These were some of the most commonly used phrases or terms that are not commonly used in the normal world.
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