The cryptocurrency field has a lot of unique vocabulary. The list below is incomplete and constantly growing. Email suggested additions to New2CryptoPeople@gmail.com.
A promotional project that rewards the user with cryptocurrency delivered to their wallet.
Alts or Altcoins or Alternative Coins
Any digital currency other than Bitcoin.
Abbreviation for "all time high".
Bearish or Bear Market
When investors believe that an asset or market is going to decline.
The first decentralized digital currency invented in 2008 by an unknown person that uses the name Satoshi Nakamoto.
A distributed ledger system.
Bullish or Bull Market
When investors believe that an asset or market is going to increase.
A cryptocurrency wallet that is not connected to the internet.
When all of the participants on the blockchain agree on the subject/amount/order or a transaction.
A reduction in the market after a major upward movement.
Cryptocurrency or Crypto
A digital asset or an asset that exists only in a digital form.
Decentralized Finance (DeFi)
Financial markets that are not centralized in traditional forms or services.
A drop in the market.
Abbreviation for "do your own research".
Dollar Cost Averaging (DCA)
Consistently investing in crypto on a regular basis no matter what the market is doing.
Dual Authentication, Two-Factor Authentication or 2FA
A process that provides an extra layer of security for logging into web sites, wallets, and apps.
Businesses that allow people to busy, sell, trade, or transfer cryptocurrency.
A currency that is legal tender backed by the government.
Abbreviation for "fear of missing out".
Abbreviation for "fear, uncertainty and doubt".
Increase in value or profit.
Price of doing a transaction.
Hardware Wallet (aka cold wallet)
A physical cryptocurrency wallet that stores an investor's private keys.
Abbreviation for "hold on for dear life".
Adding new blocks to the blockchain to verify transactions or creating new coins.
A person who is new cryptocurrency.
Abbreviation for non-fungible token which is a cryptocurrency that is not fungible.
The most basic unit of blockchain infrastructure.
A person who is new to cryptocurrency.
A set of letters and numbers that is only known to the owner of a cryptocurrency. If you lose your private key you lose access to your cryptocurrency. If you buy your cryptocurrency on an exchange or from a broker that doesn't provide your private keys then you don't have full ownership/control of the cryptocurrency.
Pump and Dump
When a lot of investments go into one asset to drive up the price and then quickly sell to make a profit.
Wrecked or lost a lot of investment.
Non-professional individual investor.
Abbreviation for "return on investment".
Seed Phrase, Seed Recovery Phrase, or Backup Seed Phrase
A list of words needed to recover cryptocurrencies. If you lose your seed phrase you lose access to your cryptocurrency.
A wallet where an individual or organization can store their cryptocurrency's private keys.
Software Wallet (aka hot wallet)
A software application cryptocurrency wallet.
A class of cryptocurrency that attempts to offer price stability by pegging the market value to an external reference like the U.S. dollar.
A unit of digital currency.
A place to store cryptocurrencies. Examples of types of wallets include: paper wallet, web wallet, desktop wallet, hardware wallet, hot wallet, cold wallet, and mobile wallet.
Wallet Address (aka public key)
A public address that allows you and others to send cryptocurrency to your wallet. If the wrong address is used then you will lose your cryptocurrency.
The password needed to access a cryptocurrency wallet. If you lose your password then you will lose your cryptocurrency.
A trader that holds a lot of cryptocurrency and makes large trades.
A public paper that describes a cryptocurrency project.