The beauty of words is that they can be used to mean different things. However, there are some words that bring clearer meaning when they are used in their context.
It is expedient to understand that there are exclusive words that you must use when referring to some occupations, situations, and events. This helps you to communicate clearly and intelligently.
The good news is there are online English tutors that offer quality online English classes that help you to learn with ease.
AmazingTalker has a wealth of language tutors online that range from professionals to native speaker tutors. You can search on AmazingTalker by “ tutors near me “ and hire tutors for you. The world of crypto and Blockchain is vast and filled with some jargon, but we will provide a basic guide to understanding some of these words; in this piece of writing, we will learn 20 Blockchain and crypto words; let us dive in!
Altcoin
It is coined from two separate words, “Alternative” and “coin.” It is used to describe all cryptocurrency that is not Bitcoin
Bitcoin Maximalist
It is used to describe a person who holds the belief that Bitcoin is the only cryptocurrency that has value
Crypto Exchanges
These are the online platforms where you can exchange digital coins based on the market value of assets.
Pump and Dump
It is a kind of price manipulation in which the price of crypto is pumped up based on a false declaration, and it is later dumped or sold at a higher price
Token
It is a unit or denomination of a currency that represents an asset that you can use to trade
Wallet
A crypto wallet is used to store tokens, and they are of different kinds-hot and cold crypto wallets. Hot wallets are online, which means tokens are easily accessible, while cold wallets store offline, which makes them difficult to trade
Whale
They are the respected Investors that often trade large amounts of Bitcoin and altcoin
Address
It is a place or destination where individuals can receive, send and store crypto. Just like a telephone number and identity number, a crypto address is unique
Blocks
Blocks make up a blockchain, a block consists of the history of all transactions conducted on a cryptocurrency. It eventually forms a chain of data referred to as the Blockchain
To the moon
It is a term used to describe the expected increase in the value of a particular cryptocurrency
ReKt
It is a crypto slang that means “wrecked”. It is used to describe a situation where a trader loses a large amount of cryptocurrency
Airdrop
It is used to describe a situation where the Blockchain distributes free coins to the community or users
Bag holder
It refers to people who are still holding currencies that have greatly dropped in value. In the crypto world, it is a derogatory term.
Buy the dip
This means purchasing coins or tokens when they are cheap
Bull Market
This is a market in which the prices of assets are rising, and investors expect good returns
HODL
it is not a misspelled word, it simply means “HOLD” it is a slang that traders use to describe holding a cryptocurrency for a long term irrespective of instability in market prices
NFT
It is the short form of “Non Fungible Tokens” it is a unique tangible asset like art that cannot be replaced by coins
Peer to peer
It is a system where two parties can perform a financial transaction without a third party like the bank. Blockchain technology is built as a peer-to-peer system
Rug Pull
It is a fraudulent act in cryptocurrency where crypto developers forsake a project and squander investors’ money
Volatile Market
It is a market where prices fluctuate quickly, and it is hard to make predictions. Although prices are not stable in the crypto world in volatile markets, prices changes quickly and rapidly
Final words from AmazingTalker
Communication is key; this is the reason every niche has its jargon. We have provided some words for you to explore the world of Blockchain and cryptocurrency. At AmazingTalker, we are committed to safeguarding your learning through online tutoring services.
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