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Top 10 Bitcoin Slangs

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Bitcoin Slangs and Cryptocurrency Slangs

Realising the need of Crypto & Bitcoin slangs and also taking a look at the top 10 Crypto Slangs

The cryptocurrency community has experienced a lot of popularity recently due to the increase in the value of Bitcoin in the year 2017. The cryptocurrencies space has been expanding exponentially with thousands of cryptocurrencies along with the Initial Coin Offerings in the market. With the ever-increasing cryptocurrency community, a lot of cryptocurrencies slangs have been popping out of nowhere marking certain key events that happened in the cryptocurrency history. Slangs are generally a very informal language used mostly while speaking with one another. The usage of slang outside the group of people who don’t know it might be offensive to them or they might not understand it.

The cryptocurrency slangs are actively being used on various crypto forums. If these slangs are not understood by some, then they might miss out some key detail or might even feel that they are being ostracized. So lets us not stay behind and try to understand top 10 crypto slangs that are most popular.

 

  1. HODL

The most popular cryptocurrency slang (Hodl your bitcoins) is used to refer to a situation wherein the investors hold on to their investments even when the bitcoin price falls off. The term was first coined on bitcointalk.org in 2013. It was basically a typo for hold. However, the typo could not be corrected and it goes viral all over the community.

 

  1. Goxxed.

This particular slang refers to a situation where the cryptocurrency user is experiencing some technical issues with the Bitcoin network. The most famous cryptocurrency exchange Mt. Gox is considered to be very difficult and complicated for the users to understand hence the term Goxxed was coined.

 

  1. #Rekt

In the online gaming industry when one needs to represent that they are completely destroyed or ruined they use this slang. basically, it can be considered similar to wrecked. The term was used in the crypto space for the first time e in a Bitcoin forum when a user referred to a Bitcoin crash.

 

  1. Shill

A shill is referred to a user who is paid to advertise or market a specific product on a number of TrollBoxes. A TrollBox is simply a chat box which is embedded into a number of cryptocurrency exchanges to have conversations. It can also refer to a person who posts informative Bitcoin Threads on various Bitcoin forums.

 

  1. Whale

The term wale or bitcoin whales refers to investors with a huge amount of investments in the cryptocurrency space. Any transactions made by these investors will fluctuate the whole market price for that particular cryptocurrency by a large margin hence the term whale. The word is specifically originated from casinos.

 

  1. Bear

This slang refers to a person who believes that the Bitcoin price is going to fall down or will be experiencing a bearish trend. This is easily relatable to the Wall Street market.

 

  1. Bear Market.

This slang refers to a situation where the Bitcoin market is experiencing continuous downfalls for a prolonged period of time.

 

  1. Bull

This is exactly opposite to that of bear and is a person who believes that the Bitcoin price will go up and experience a bullish trend. A bull market is referred when the Bitcoin prices hit the roof for a prolonged period of time.

 

  1. Bull trap.

It is a situation when the market prices slightly increase and the investors start buying the cryptocurrency following which suddenly the market falls.

 

  1. Bagholder

This is a person who holds the Altcoins for a very long duration of time and the currency loses all its value and the investor is left with nothing. The usually are the people who follow the pump and dump Altcoins schemes.

 

These were some of the most popular cryptocurrencies slangs used in the space. After knowing all these slangs, we hope that the new investors would not be giving others the opportunity to disregard them. Some of the other popular cryptocurrency slangs are Altcoins, To the moon, pump and dump, and shit coins.

In a nutshell, the Crypto space uses these slangs in order to simplify complicated explanations of certain situations. And it is also very necessary since the Bitcoin forums are one of the major influencers of the cryptocurrency market.

 

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Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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