CRYPTO TERMS LIBRARY
ALTCOIN

Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)

ARBITRAGE
Taking advantage of a difference in price of the same commodity on two different exchanges. Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges.
ATH

All-Time-High price of a coin or token.

BAG HOLDER
Someone still holding an altcoin after a pump and dump crash. Can also just refer to someone holding a coin that is sinking in value with few future prospects.
BEARISH

An expectation that price is going to decrease.

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BLOCKCHAIN

The classification of technology that Ethereum falls into. Blockchains are distributed ledgers, secured by cryptography. They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. More detailed information available at: https://en.wikipedia.org/wiki/Blockchain

BOLLINGER BAND
A margin around the price of a crypto that helps indicate when a coin is overbought or oversold. More information available at: http://www.investopedia.com/terms/b/bollingerbands.asp
BULLISH

An expectation that price is going to increase.

COLD STORAGE
The process of moving crypto-currency ‘offline’, as a way of safekeeping your crypto-currency from hacking. There are a variety of ways to do this, but some methods most commonly used:
—Printing out the QR code of a software wallet and storing it somewhere safe, such as a safety deposit box.
—Moving the files of a software wallet onto a USB drive and storing it somewhere safe.
—Using a hardware wallet.
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EXCHANGE

Websites where you can buy and sell crypto-currencies. Some popular exchanges in North America are:
Coinbase
Kraken
Bitstamp

FIAT

Government-issued currency, such as the US dollar.

FOMO
Fear Of Missing Out. The overwhelming sensation that you need to purchase a coin before the price skyrockets to the moon. FOMO is a traders worst enemy, and successful traders learn how to control that emotion.
FUD
Fear, Uncertainty, and Doubt. Baseless negativity spread intentionally by someone that wants the price of something to drop. Usually done with coordination of news outlets and social platforms.
FUDSTER
Someone that is spreading FUD. These people usually have an ulterior motive behind their “reasoning”.
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GOING LONG

A margin trade that profits if the price increases.

GOING SHORT

A margin trade that profits if the price decreases.

HARDWARE WALLET
A device that can securely store crypto-currency. Hardware wallets are often regarded as the most secure way to hold crypto-currency.
ICO
Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether. This is essentially crowdfunding on the ethereum platform.
LEDGER NANO S
One of the most popular hardware wallet models.
LIMIT ORDER / BUY / SELL

Orders placed by traders to buy or sell a crypto-currency when the price meets a certain amount. They can be thought of as ‘for-sale’ signs. These orders are what are bought and sold against when traders place market orders.

MACD
Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices. More info: http://www.investopedia.com/terms/m/macd.asp
MARKET CAP
The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit. This site shows a great run-down of each coin’s market cap: http://coincap.io/
MARKET ORDER / BUY / SELL

A simple purchase or sale on an exchange at the current price. Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books.

MARGIN TRADING

The act of ‘magnifying’ the intensity of your trades by risking your existing coins. (NOTE: Very risky, only for experienced traders and only on certain exchanges even then)

MINING
The process of trying to ‘solve’ the next block. It requires obscene amounts of computer processing power to do effectively, but is rewarded with ether.
MINING RIG
A computer especially designed for processing proof-of-work blockchains, like Ethereum. They often consist of multiple high-end graphic processors (GPUs) to maximize their processing power.
NODE
A computer that possesses a copy of the blockchain and is working to maintain it.
POS
Proof-of-stake (not piece of shit). The proposed future consensus algorithm to be used by Ethereum. Instead of mining in its current form, people that own ETH will be able to ‘lock up’ their ether for a short amount of time in order to ‘vote’ and generate network consensus. The plan is that these stakeholders will be rewarded with ETH by doing so.
POW
Proof-of-work. The current consensus algorithm used by Ethereum.
PUMP AND DUMP
The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.
ROI
Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money).
SELL WALL / BUY WALL

Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like walls.

SHARDING
A scaling solution for blockchains. Typically, every node in a blockchain network houses a complete copy of the blockchain. Sharding is a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
SHILLING
Someone essentially advertising another crypto-currency. When someone promotes a coin and all the reasons you should buy into it, they are considered to be “shilling” that coin.
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SOFTWARE WALLET
Storage for crypto-currency that exists purely as software files on a computer. Software wallets can be generated for free from a variety of sources. MyEtherWallet (MEW) is one of the popular. (more on MEW below)
STABLE COIN
A crypto-currency with extremely low volatility that can be used to trade against the overall market.
TA
Trend Analysis or Technical Analysis. Refers to the process of examining current charts in order to predict which way the market will move next. Extensive training is needed to become fluent in TA and be able to use it for steady gains. To learn how, click here
TOKENS
Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens. Examples:
GNT – Golem
REP – Augur
BAT – Basic Attention Token
ICN – Iconomi
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TREZOR
One of the most popular hardware wallet models.
WHALE
Someone that owns a huge amount of crypto-currency, in many cases enough to influence price action.