*19 COMMON WORDS YOU HEAR CRYPTOCURRENCY INVESTORS USE DAILY.*
NB: I tried to explain them in plain English for easy understanding.
1. WALLET - This is an online wallet(you can call it purse) where you store your coins. Example is trust wallet.
2. EXCHANGE - This is an online platform where you can buy, trade and sell coins. Example is Binance.
3. ADDRESS - are numbers and alphabet which you can use to receive or send tokens.( It works like your account number).
4. ALTCOIN - This is any coin that is not Bitcoin. Example is Etherum, XRP etc.
COIN: this is any cryptocurrency that has a standalone Blockchain
5. TOKEN - it is a Cryptocurreny that is functioning under the supervision of a coin's blockchain.
6. STABLE COIN - a coin that is tied to the value of something like the dollar which makes it's price not to fluctuate
7. GAS - a fee you pay for transaction or execution of smart contracts, commonly used in Etherum and Binance Smart Chain
8. REKT - simply means wrecked. When you lose all your money or most of your money while trading.
9. MOON - when the price of a coin has a positive movement.
10. HODL - drunken spelling of HOLD meaning to buy a coin and hold it to make profit.
11. P2P - Peer to Peer enables transaction between two entities without a middleman
12. FOMO - Fear Of Missing Out is when you are worried if you don't buy a coin when others are, you may regret later.
13. BULLISH - when a coin is moving in a positive direction. Just like moon.
14. BEARISH - movement in a negative direction. Downward.
15. TAKE PROFIT - selling or swapping, or converting or withdrawing part of or all of your money on a particular coin after making profit.
16. STOP LOSS - applying a point where you want to take out your money to a stable coin after losing part of money.
17. TARGET - deciding how much profit you want to make on a particular trade.
18. FARMING - staking your coins for a particular period of time while you receive rewards for doing so.
19. AIRDROP - a campaign strategy on a new coin to gain popularity.