Crypto terminology for beginners

So you can avoid the FUD and hodl your altcoins to the moon

No matter your position on crypto, we can all agree that the terminology is intimidating if you’re new to the space.

Do you need 2FA on your cold storage wallet so you can hodl your shitcoins, or are the shills giving you FUD?

If that sentence scares the hell out of you, then read on.

What follows is a lighthearted breakdown of the most common terms used in the crypto space.

Altcoin (Alt)

Any alternative crypto to Bitcoin.

Bagholder

Somebody who buys a crypto at its peak value then and missed their chance to sell, leaving them with worthless coins and broken dreams.

Bearish (Bear market)

When prices in the market or a specific crypto are falling. Always seems to coincide with every coin purchase you make.

Bitcoin

The original cryptocurrency created in 2008 by Satoshi Nakamoto, used primarily as a digital store of value, like gold but so much more practical. Some people think it’s a fraud, some think it’s…