The crypto world can be a daunting place. With all kinds of unfamiliar terms and different acronyms, it's hard to keep up and get the crypto information you're looking for. That's why we've put together a list of top Cryptocurrency acronyms to help you stay up to date.
CEX
Centralized Exchange is an exchange like Binance or X Exchange that matches buyers and sellers of Cryptocurrency and holds user funds.
DEX：
A decentralized exchange is an exchange that matches orders through a peer-to-peer network, without the need for intermediaries to hold all user funds or account deposits
2FA
Two-factor authentication adds another layer of security by requiring a second authentication method other than a password before granting access. This could be a code sent via SMS or generated by an app like Google Authenticator.
ICO
Initial token publishing is a way to raise funds for crypto projects by minting native digital tokens and selling them.
P2P
Peer to Peer refers to any interaction that occurs directly between two parties without an intermediary.
PnD
Pump and Dump occurs when a person or group of people artificially inflate the price of an asset and then quickly sell it for a profit.
ATH
ATH is short for "highest price ever", which refers to the highest price ever paid by an asset's market value since it was first listed. ATH can be thought of as the highest price paid for a particular asset.
BTD
BTD is a term often used to encourage the purchase of assets after market prices have fallen. The acronym stands for "buy the dip", a shorthand for taking advantage of a perceived opportunity to lock in an asset at a price considered a discount, with the belief that the asset's price will eventually appreciate.
DAO
Decentralized Autonomous Organization ( DAO) is a group designed to be autonomous and operational without a central point of control. It typically consists of a community that delegates day-to-day management to a committee that agrees to abide by certain common-purpose rules. In theory, the community co-owns and manages the DAO through its native token and helps the DAO work toward a unified goal.
DAPP
A decentralized application (dapp) is an application that runs on a blockchain. The interface of a dapp usually looks no different from any website or mobile application, except that users may be asked to connect their crypto wallet to use the full functionality of a dapp. Dapps can provide the same support as typical applications, but they have additional features that enjoy the benefits of decentralization.
DeFi
Decentralized Finance ( DeFi ), inspired by standard centralized Financial Services, is software built on top of a blockchain that creates services with additional features that run on a distributed ledger. Users typically interact with smart contracts and code indirectly through the front-end User Experience, rather than with a central authority or intermediary such as a bank.
KYC
KYC stands for "know your customer" and is used by Financial Institutions to verify the identity of individuals who use their services. In the crypto space, KYC is often used by major centralized exchanges and is standard practice for many institutions. In the context of Cryptocurrency, this often means being asked to provide a full legal name and government-issued identification document when registering a platform. This can be a passport, driver's license or other similar form of identification.
Wallet
Cryptocurrency wallets are functionally similar to physical wallets: it is where tokens are stored. But not all crypto wallets are created equal. "Hot" wallets are online, which means crypto tokens are easy to obtain, but also more vulnerable to hackers. "Cold" wallets store digital assets offline, making them safe from bad actors, but difficult to trade.
whale
Whales are individual investors, often established trading firms with large holdings of Bitcoin and other Cryptocurrencies. Whales are feared and respected among Cryptocurrency day traders for their ability to change prices with a single transaction. Whales include prescient people who bought Bitcoin in their early years but never sold it.
Dealer
It refers to the investor with strong capital, strong relationship network and the most well-informed, and the banker can influence or determine the price trend of a certain currency to a large extent.
Cut in half
Refers to the collapse in the price of crypto assets, which is very huge, at least half of the previous high price. For example, if I buy a coin, the highest price of the coin is 100 US dollars per piece, but it falls below 50 US dollars a piece soon after, it can be said that my coin has been cut in half.
Cut meat
It refers to the act of choosing to sell and stop losses in time when the price of cryptoassets falls, in order to prevent greater losses from continuing to fall, which can prevent greater losses later.
Trapped
It refers to buying a certain coin at a high level. After a while, the coin fell, and I didn't want to sell it and stop loss in time. Instead, I chose to wait and see if the price could rise again. This waiting process is "stuck".
Unset
It means that the purchased crypto assets gradually rise back after a sharp drop, and the price that rises back exceeds the price when I bought it. At this time, I sold it and did not lose money, which is called a solution.
Public Keys/Private Keys
The public key and the private key are a key pair obtained through an encryption algorithm (that is, a public key and a private key, that is, asymmetric encryption). The public key can encrypt the session and verify the digital signature. Only the corresponding private key can decrypt the session data, thereby ensuring the security of data transmission. The public key is the public part of the key, and the private key is the non-public part, which is kept by the user.
Hash
A hash algorithm maps a binary value of arbitrary length to a smaller binary value of fixed length, which is the hash value. A hash value is a unique and extremely compact numerical representation of a piece of data. Even changing just one letter in a piece of plaintext will result in a vastly different hash value. Finding two different inputs corresponding to the same hash value is computationally impossible.
Bull market
This should be well understood. It refers to the general rise in the market, a big rise for a long time. In the currency circle, the rise of BTC leads to the rise of other mainstream coins and counterfeit products. In the bull market stage, basically everyone makes money, because the bull market only needs to be "stupid". If you can't make money in the bull market, it can only be said that you are messing around or that you are going to the extreme.
Bear market
It is the exact opposite of the bull market, which means that the market continues to decline, the market sentiment is sluggish, and the market shows a general decline. What you are currently experiencing is the bear market. At this stage, the most important thing is that we need to survive. Then there are further actions, hoarding coins, bottom fishing, etc.
Monkey market
I believe many people do not understand this, this stock market exists. Why is it called a monkey market, monkeys like to jump up and down, which corresponds to our market jumping up and down. At the stage of the monkey market, the market is not easy to grasp. It may be that the mainstream rises today and falls tomorrow, or some counterfeit products may rise and some counterfeit products plunge.
Main rising wave
It comes from the wave theory, which refers to the wave that lasts the longest in the market rise. This is also a common market in the bull market, and you will make a lot of money when you catch the main rising wave. The opposite market trend is also called the "main falling wave".
Waterfall
What are the characteristics of a waterfall? Flying straight down. It refers to the sudden sharp drop in the market, and a few very gorgeous big yin lines appear in front of the audience in a short time, just like a waterfall, flying straight down, making people feel pain and heartache. Some people call it "diving".
Blowout
The market is affected by bearish factors and has been sluggish for a long time. During this period, the market will be very depressed. When the bearish factors are exhausted or the bearish factors are removed, the market will show an explosive rise.
Attract chips
Usually, the leeks are washed out by washing the dish, and then the banker will take over the coins sold by the leeks, so that they have more chips in their hands to achieve the purpose of controlling the disk (generally, operations such as attracting chips will be carried out at low prices). Some people say that this is a decentralized market, how can there be a banker? If you have to think so, I have nothing to do.
Bad news
It is also the news side, mostly referring to news that is unfavorable to the market. But there is also such a saying in the market: all the good is the good.
Positioning
This is very simple, the ratio of your account funds to the funds you buy coins.
Full position
The account funds have all been bought into coins. The "full position" and "stud" that you often say are all full positions.
Coverage
For example, if you hold BTC, and then BTC falls, you buy a part of BTC in order to spread the cost.
Add position
You hold BTC, are bullish on the development of BTC, and then buy some BTC on the way up.
Open position
Also called opening a position. Refers to the purchase of account funds into a certain amount of currency.
Liquidation
Expect risk in the after-market and sell some of your holdings.
Lock up
People who do futures leverage should know. Very simple, if you do EOS futures leverage, you buy more than 10,000 orders, and then open another 10,000 empty orders. Then someone will definitely say, isn't this sick? This is really not sick. Think about it carefully and consider the location.
Close position
Don't do it, watch the show. In the currency circle, it can be understood like this. The account only has USDT, no other coins.
Light warehouse
The funds purchased account for a small proportion of the total funds.
Heavy position
The funds purchased account for a large proportion of the total funds.
Half
position
The funds purchased account for half of the total funds.
Clearance
Don't play, sold all the coins, ready to bear position.
Over The Counter
Many platforms are also called fiat currency transactions. Take Huobi as an example, the platform cannot recharge RMB, which is very inconvenient. But the platform provides fiat currency transactions, which is very convenient. The platform does guarantees, and merchants or individuals can directly use RMB to trade, buy or sell their own mainstream currency or USDT.
Opening price
Refers to the price of the first transaction of a currency on the exchange on the same day.
Closing Price
Refers to the last transaction price of a currency on the exchange on the same day.
Maximum price
Refers to the price of a currency at the highest price of the day.
Minimum price
Refers to the price of a currency at the lowest price of the day.
Turnover rate
Refers to the frequency of changing hands of a currency in the market within a certain period of time, and is one of the main indicators for evaluating the liquidity of a currency.
Market order
That is, trades that buy and sell at the current price, market trades have priority over trades, and you can use market trades if you complete the transaction faster first.
Limit
That is, the transaction of buying or selling at a specified price is also called entrusted transaction or pending order transaction.
Take profit
It's easy to understand, just run when you make money.
Stop Loss
The market has fallen, can't bear it, leave. Go if you lose.
Sideways
Market volatility is not large, ups and downs are around a range.
Rebound
On the way down, the price of the currency was supported by Technical Fundamental Support or capital intervention, and the market turned from down to up.
Inversion
The price of the currency fell to the bottom, and there was no way to fall. It turned from a downward trend to a upward trend. Generally, there is a "V-shaped reversal". The rebound is the basis of the reversal, and the reversal range is much larger than the rebound.
Hold on
You buy coins, fell, you can't bear to sell, congratulations, this is called a lock.
Unlock
The coin you bought fell, and you were very sad. After a while, it got up again, and you were relieved, and you were very happy.
Tread the air
The market is not good, you buy. When the market is up, you are on the official website again. Perfect miss, this is called treading on the air.
Roller coaster
The coins you buy go up, you're high, you brag to your friends, and then it falls back a few days later. You're like on a roller coaster, just excited for a while, and then gone.
Stock up coins
You are optimistic about the later development of this coin, want to do ten times, one hundred times, one thousand times the coin to achieve wealth freedom, and then you buy a large number of this coin, hoarding.
Long
What most people do every day is to go long, buy low and expect to sell high. Generally refers to bullish.
Short
People who make futures contracts will play the operation. You are bearish after-market, and buying is short.
Conclusion
All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. Nothing contained herein constitutes a recommendation or endorsement to invest in, buy or sell any coins, tokens or other crypto assets. Returns from buying or selling crypto assets may be subject to taxes in your jurisdiction, including capital gains taxes.
When evaluating crypto assets, you must conduct research and due diligence to make your best judgment, as any purchase is your own responsibility.
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