I don't even know how to describe that.
Cryptocurrency is a digital
asset that is on top of a block
chain. A block chain is basically
a public,
distributed ledger of transactions,
that goes all the way back from the
beginning of that blockchain,
up until the present time.
An Altcoin is any coin
but Bitcoin.
Moon. It's where bitcoin and all the
other coins are going.
Wait, wait - what did I say?
Moon - large increase in token
value.
Hold is basically holding
your coins or your portfolio for the
long
term. Rekt is a large loss
in portfolio value.
FUD - Fear Uncertainty
and Doubt.
Or otherwise, any time that a
negative news story
is written about bitcoin
or blockchain,
people like to yell FUD FUD FUD.
That's a good one.
A bag holder is somebody who's still
holding
alt coin after a pump
and dump crash.
A pump and dump is basically when
everyone makes a lot of noise
about a certain coin to get the
unsophisticated investors to rush in
and buy that coin.
And then when everyone's buying in,
the insiders are selling,
and so the insiders are making money
and the new investors end up holding
the empty bag.
Shill - It's basically anyone who's
running around yelling
and screaming about a coin that
probably has
no value, but they want you to think
they do.
BitConnect is an inside joke in the
crypto community.
Lots of people were calling it a
fraudulent organization.
"I love bit connect" Fraud. A fork
is basically a new
path forward for a blockchain.
Usually this occurs when there's
competing
opinions as to what should happen
next.
One group says "well we're just
going to take
our ball and go play somewhere else
on the playground." And so they fork
the code.
They go down a different path,
but they leave in place everything
that's previously
occurred on that blockchain.
And so now you've got two competing
blockchains, that came from the same
place, but they've split at some
point,
and have gone into different
directions.
Whale - a whale is somebody who has
just got
a really big holding of crypto,
and has some level of crypto wealth.
Whales are mythical creatures
in crypto to a degree,
because most people don't know who
they are.
But everyone wants to be one.
Lambo, short for Lamborghini,
which is a sign of crypto wealth.
Satoshi Nakamoto is a
pseudo-anonymous person,
group,
country,
alien - we don't know. Everyone
likes to think
that it's an Asian man
based in the United States,
but it could be a
Indian female.
It could be a group of
folks. It could be a government.
We don't know, and frankly,
I don't know if it really matters.
