Baghodler – a bagholder is an investor who kept the cryptocurrency in decline, hoping for a change in the situation, but this did not happen. So in fact he lost more than he could have lost in the first place. Thus, the term implies an unsuccessful long-term strategy.

Circulating Supply – is the total number of tokens or coins that have been mined or put into circulation. This is the figure that is currently circulating or circulating in the market. It is the quantity of the token that is meant, and not its value - it does not matter.

Exchange Glass – historically comes from the English phrase "depth of market", i.e. market depth. In fact, this is a table that indicates the value and number of assets that are currently participating in the auction. With the help of an exchange glass, you can assess the magnitude of supply and demand and decide whether to buy or sell a certain currency, and in general about the state of the market now. Sometimes experienced traders also call this tool a “bucket”.

Halving – literally translated from English as "dividing by two." The term refers to the reduction of miner rewards in the blockchain system. With each new block mined, the reward is reduced by 2 times. The Bitcoin development team was the first to use the halving system. In this network, the reduction occurs every 210 thousand blocks. Since the number of bitcoins is limited - the issue is 21 million coins - halving will occur until the end of the issue of the coin. But it is important to note that halving does not greatly affect the profits of miners. After the reward for the mined block falls, the price of the coin itself rises.

ICO – is a method of attracting investments in a new cryptocurrency, in which investors purchase tokens for fiat money. The goal of an ICO is to raise enough money to develop a project related to blockchain or cryptocurrency. The real cost of tokens is determined only after the project goes public.

Japanese Candles – is the amount of transactions that were closed on a particular exchange for a limited time interval. The concept is not new, it did not come from the world of blockchain, but has existed in the world of stock traders for several centuries. The most convenient, common and generally accepted way of presenting prices. Why? Because Japanese candlesticks are visually clear and very informative, they allow you to clearly see the price limit for the selected time interval.

Lambo – is a phenomenon in the crypto world that has firmly established itself among the legends and memes of this community. Its essence lies in the sharp enrichment of the trader due to a sharp jump in the rate of a certain coin. In addition, the earnings from the difference in rates are so great that you can afford to buy a Lamborghini. The peak of this phenomenon was the first bitcoin jump in 2017, after which crypto traders massively (as much as possible) began to buy Lamborghini. This has become, in a way, an indicator of the success of a trader. And when someone says “When is the Lambo?” they mean when they can get rich enough to buy a Lamborghini.

Margin Trading – is trading with a large amount of funds that are provided to the trader “on credit”, that is, secured by a certain amount of profit (margin). This type of trading can significantly increase not only the profit of the trader, but also the risks of losing an impressive amount. Funds for margin trading are provided either by the exchange or by other traders in exchange for a percentage of profits.

Nocoiner – is a term used to describe people who not only do not own cryptocurrency, but also deny its value and believe that it is a pyramid scheme or a scam. They are often aggressive towards the owners of bitcoin or other cryptocurrencies and claim that the crypto industry is doomed to failure. Such people usually do not have computer and mathematical skills, and do not use analytical data to confirm their beliefs. Some of them even believe that cryptocurrencies are only used for criminal activities and money laundering. Other nominers did not invest in bitcoin at the start of the blockchain, and now they are taking out their anger in this way. In general, nocoiners are real skeptics and pessimists who refuse to see the potential of the digital economy and deny the facts and evidence in favor of cryptocurrencies.

Pig – in the cryptocurrency market, these are traders who are greedy and try to extract the maximum profit from the exchange rate difference, with a high risk of making losses instead of profit. They hold the cryptocurrency at the moment of its peak, ignoring clear signals about the imminent depreciation, and often fall prey to market wolves and bears, who played more intelligently on the market movement forecast. Pigs got their nickname not for their resemblance to animals, but because of their greed.

Rekt – the term refers to the loss of all savings by a trader or investor due to an untimely purchase or sale of a crypt. Get rect - suffer losses by making the wrong decision on emotions. The official version of the origin of the term is from the English "Wrecked", which means "crushed". But traders are closer to the option where the word “rectal” is distorted, that is, literally “you are in the ass”.

Scam – are most often fraudulent projects that promise investors high profits, but do not fulfill their obligations. This is typical for HYIP projects and ICO projects that raise money for the initial placement of coins on the exchange. Such projects do not fulfill their obligations, disappear and take investors' money with them.

To the moon – is a term used to refer to a sharp rise in the value of a cryptocurrency. It originated in 2017 during the cryptocurrency boom, when the value of many cryptocurrencies increased significantly. This spike in price is rare, and when it does occur, it can generate significant profits for coin holders. However, the process of price growth lasts for a long time, like the flight to the moon itself. "To the moon" is a welcome occurrence for owners and traders as it allows them to reap the benefits of their investment.

Wallet – Cryptocurrency wallet is a program for working with the blockchain network that allows you to conduct transactions and view the balance. It can be hot or cold. A hot wallet is always connected to the Internet and is vulnerable to attacks, so it is recommended to store only small amounts on it. A cold wallet does not have a permanent connection to the network, therefore it is more secure for storing large amounts. Power users typically use a hot wallet for current transactions and a cold wallet for long-term storage. Cryptocurrency users use a hot wallet for current spending and store the rest in a cold wallet that is accessed only when needed. Power users prefer to store most of their cryptocurrencies in a secure offline cold wallet and only use the hot wallet for spending. Cold wallets can be software, mobile, hardware or paper. A paper wallet allows you to store cryptocurrencies on paper with a printed QR code, which provides protection against hacking.

Bear – this is the name of a trader who sells a large amount of a crypt at the peak of its course, thereby collapsing its price. In this way, he can later buy it back at a better rate. The name comes from an analogy with a real bear, which is always trying to pin down its prey to the ground.

Crowdsale – is the purchase of tokens of a new cryptocurrency before its release. This usually happens before the project starts. A kind of Kickstarter for the cryptocurrency industry. Attracted investments are used to pay developers and other specialists.

Hamster – new, inexperienced, gullible players in the market. They do not have enough knowledge to make their own decisions, so they listen more to the opinions of others and are ready to easily accept a third-party point of view regarding the purchase or sale of a particular currency. The next term that follows from here is “shearing hamsters” - this means cashing in on new gullible players in the market. They can be involved in scams, leak knowingly incorrect information about the growth or fall trends of a particular currency.

Infinite Supply – Endless offer. There are limited edition coins. For example, the emission of BTC is 21 million coins. If the coin has an infinite supply, this is called Infinite Supply. One such coin is Ethereum. The cost of such coins is regulated by many factors: the features of the platform, the size of the reward for the mined block, the complexity of the mining itself, and many others.

Long – is a phenomenon when a trader believes that the market will rise up and takes a wait-and-see position. The trader believes in a particular currency or the growth of the market as a whole and decides to wait for profit through a long period of growth.

Market Cap – Market capitalization is a term that reflects the dominance of coins and is calculated by multiplying their number by the current market price. The total capitalization of cryptocurrencies reaches multi-billion figures and can compete with the capitalization of the largest companies in the world. It is a key indicator for investors and can affect the price of a cryptocurrency. High capitalization indicates less volatility, and significant financial transactions are needed to change the value of cryptocurrencies such as BTC or Ethereum.

Node – are nodes in the cryptocurrency network. Any computer that has joined the network and launched a cryptocurrency client can act as a node. They serve to store the latest version of the blockchain, maintain the security of the network and conduct transactions. Each node has a unique identifier that is used to communicate with other nodes, transfer data, and verify transactions. Nodes are an integral part of a decentralized network, which makes it possible to ensure the security and independence of the system from centralized management.

Pump – is a market manipulation in which large groups of investors simultaneously buy a cryptocurrency in order to increase its price. This is achieved through fake news and advertising. Once the maximum is reached, the cryptocurrency is quickly sold by P&D groups that have pre-purchased it. The cryptocurrency market is unregulated, but some exchanges are fighting these groups.

Sheep – this is the name of timid and indecisive traders. They fluctuate for a very long time, both in the case of buying and selling a digital asset. They do not trust their intuition and observations of market trends, but blindly follow the crowd, for which they received such a nickname. Most often, they lose their investments if there are tangible fluctuations in the market. They are sometimes also called lemmings.

Token – is a digital record in the blockchain, which is a unit of measurement of any asset in a cryptocurrency. It is similar to promotions, but before the ICO. Tokens can reflect participation in a project, proof of ownership or other significant aspects, and can also be used to finance a company. However, ownership of tokens does not give the opportunity to manage the project. Tokens are a mandatory aspect of an ICO and represent an internal asset of the project. They allow you to participate in the project and access its services. After the end of the ICO and the release of the project on the exchange, the token can be used as a universal payment instrument or sold for cryptocurrency. ICO is also called crowdsale or token sale.

Weak Hands – weak or trembling hands are those owners of cryptocurrency who cannot stand the depreciation of its rate in the market and begin to actively sell. They are prone to panic, and immediately begin to drain during a slight or rapid price drop. Although this does not always result in loss of profits, since they are often purchased at a lower price, it also increases the fear of another fall in the rate. There are not many signs for trembling hands, there is only one - they sell as soon as the price starts to fall, even slightly.

Bear Market – a pessimistic market mood when all digital assets are falling, and bears only increase this trend by actively selling their crypto holdings.

Hare – the most active and fastest traders on the market. They benefit from large volumes of different cryptocurrencies and small market fluctuations. In fact, they constantly make many small leaps, due to which they receive their profit. Their strategy is based on the speed of reaction to market fluctuations.

Instamine – Instamining is a method of mining a cryptocurrency before its official launch, which can lead to an unfair distribution of coins. As a rule, in such a mining method, the algorithm is configured in such a way that a significant number of coins are mined in the first days, and then the mining difficulty increases dramatically. Some developers of new cryptocurrencies may use Instagram to mine coins before launch and then sell them on the exchange.

Maximum Supply – is the maximum number of coins that a certain cryptocurrency will ever have. The supply of bitcoin is 21 million coins. It will reach its maximum supply around 2140. BTC controls the supply so that the block reward is halved every 4 years. In 2032, 99% of bitcoins will be mined, and it will take about 100 years to mine the last 1%.

Shill – is a term that means exaggerating the popularity of a coin through public endorsement. People who have bought new tokens are interested in creating the illusion of popularity in order to attract more people to the project. The shill acts as a client who fraudulently promotes the project through social networks and other information dissemination channels. It could be a team of people artificially promoting a new coin or cryptocurrency that is fraudulent.

Whale – whales are a small but legendary group of investors in the world of cryptocurrencies, whose interventions on the exchange are often considered the cause of inexplicable changes in the market situation. They have a huge amount of crypto and can single-handedly turn the market in the right direction. Whales are large crypto traders or groups of traders that can influence the market. When exchanges experience dramatic price changes that are not explained by other factors, it is often assumed that the whales are manipulating the market.

Blockchain – is a common term for the technologies that underlie the operation of cryptocurrencies. The peculiarity of this continuous chain of blocks is that, unlike conventional databases, these records cannot be changed or deleted, you can only add new ones. Blockchain is a chain of blocks, each of which has a timestamp, a link to the previous block and is stored on different computers. Even if one or more computers fail, the information will not be lost. The easiest way to think of a blockchain is as a regular ledger. The whole point of this technology is that the pages (read blocks) of this book are simultaneously stored by all network users, are constantly updated and link to old pages. And if someone tries to cheat the system by tearing out or pasting a page into the book, the system will immediately turn to tens of thousands of other versions of this book and find a discrepancy in the block structure. Another of the most important features of the blockchain is that this system is limitless - an infinite number of transactions can be recorded there.

Hashrate – is a unit that measures the processing power of mining equipment. In the process of mining, the technique solves a large number of mathematical problems, due to which the cryptocurrency is mined. Simply put, this is the speed at which the video card works, processing and solving complex calculus. Accordingly, the higher the hashrate, the more coins are mined.

Mining – is the extraction of digital currency (in modern realities. After all, the word “Mining” has existed in English for a long time and literally means “mining”). Most of all, mining is associated with bitcoin, but in fact it is the extraction of any digital currency. Mining is the process of extracting digital coins by solving complex mathematical problems using certain equipment and software. Mining is the generation of new coins that occurs when performing mathematical calculations using hash functions. Large computing power is needed to ensure the speed of transactions and the stable operation of the peer-to-peer network, since there is no single control center. Miners search for blocks that look like math puzzles through complex calculations that require thousands or millions of operations per second from GPUs or ASICs to find the right answers.

Shitcoin – is a term that describes low quality and unusable cryptocurrencies. It comes from the English word "shit", which means "shit", and is often used to refer to fraudulent coins or altcoins that have lost their value. Interest in such coins may disappear due to disappointment, lack of competence of the project team, or due to a scam. The term is pejorative and is not considered a sign of a successful project.

Wolf – are skilled and cunning traders who have many years of experience and knowledge about the cryptocurrency market. They use knowledge of the vulnerabilities of other market participants to benefit themselves. Wolves on the stock exchange are players who often make profitable trades and have a lot of confidence in their actions. They rarely fail, and even if they do, they are willing to hold out for the best price and sell their cryptocurrencies for a profit.

Bounty – bounty, literally “treasure”, is a way to get a reward in cryptocurrency for certain advertising and information actions without your own financial investments in the project. The reward in the form of tokens is awarded for various kinds of PR. This is one of the tools by which token issuing companies earn their popularity. Most often, the award is given for activity in social networks or thematic forums. Another bounty tool is marketing pyramids.

Hodl – is a long game. The essence of the term is long-term investment or holding a coin, holding it to a more profitable rate. And yes, you read it right, not hold (hold from English), but hoDl. This term appeared in this format due to a typo by one of the traders. Other traders picked up on the joke, and over time it got out of hand, turning into "Hold On for Dear Life" - it's vital to hold on. So if someone hodles, he will keep the coin, despite the jumps in rates.

Mining Farm – A mining farm is a system of computing equipment for cryptocurrency mining. Simply put, this is a room with a certain type of equipment for solving complex mathematical problems for mining. There are four types of farms: CPU, GPU, FPGA and ASIC. CPU farms are outdated, and ASIC farms are configured only to mine a certain crypt. GPU farms have a speed advantage and allow you to mine different types of cryptocurrencies. FPGA farms are not widely used due to high heat dissipation.

Short – is an investment strategy that is used when a trader assumes a fall in prices in the market. In order to make money on this, the trader rents tokens from the exchange, sells them, and then, when the price falls, buys the tokens at a lower price and returns them to the exchange, earning on the difference between the sale and purchase price. Thus, shorting allows you to make money on a falling market, using the sale of a currency before buying it at a lower price.

BTFD – "Buy The Fucking Dip" buy at the very bottom - buying a coin at its lowest possible price. With a high probability, later it will be possible to sell it at a higher price and earn on the difference in rates. BTFD is literally a call to buy cryptocurrencies after prices fall. This is a trading method that involves buying a coin that has just plummeted. But still, there is a small chance that the coin bought as low as possible will not rise back in price.

Moose – this term refers to the phenomenon when a trader often does not receive a profit, but incurs only losses. They say about him “caught a moose”. Also, traders who regularly “catch moose” are called deer :D

Smart-contracts – are electronic protocols written in computer code designed to transfer information and enforce the terms of a contract between two parties. They ensure the security of the transaction through the use of cryptography and the automatic collection of fines for violations of the conditions. Smart contracts allow you to exchange money and assets without the participation of intermediaries. Smart contracts use the Ethereum cryptocurrency, which serves as a means of payment for transactions. Ethereum is the drive to run smart contracts and applications on the Ethereum blockchain. The Ethereum blockchain works just like the Bitcoin blockchain and uses a network of computers that run special software to verify transactions on the network.

Bull – is a market player who is confident that the price of a certain currency will rise. These are the kind of traders that are loved by everyone and have the most positive reputation. The analogy, like that of the Bear, is connected with the animal world, but unlike it, the bull throws its “prey” up, which traders do with the exchange rate. When an asset rises in price for a long time, it is called a “bullish trend” or “bull market”. The bull has become a symbol of the most assertive players on the exchange.

Bull Market – is a market with assets that are already rising or are expected to start rising in the near future. The term is applicable both to the cryptocurrency market and to the stock, currency, etc. The duration of bull market growth is usually from several months to several years. Sometimes it is very difficult to predict how and when the trend in the market will change. Bull markets are characterized by optimism, investor confidence, and expectations that good results will continue.