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To all but the uninitiated in crypto, terms such as ‘blockchain’ and ’Bitcoin’ will certainly be very familiar to the average crypto trader, or even someone with a casual interest. But being an industry that doesn’t rest for one minute, there are a multitude of buzzwords in crypto which have sprang up that may be not so familiar. Here are the top 10 cryptocurrency abbreviations and keywords you must know.
HODL
This is actually quite a well-known crypto buzzword, but to those who are new to the game, it means holding onto your cryptocurrency instead of selling it. It originates from the early days of crypto in 2013, when an apparently intoxicated individual posted on a Bitcoin dedicated forum “I AM HODLING” (yes, it is a spelling mistake!) This drunken mishap has since gone down in crypto folklore, with the term HODL becoming an backronym (hold on for dear life), being particularly used in times of market volatility to refer to individuals who are keeping hold of their cryptocurrency, when others around them are not doing the same.
FOMO (and FUD)