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Some famous Crypto Abbreviations and their meaning you may come across

FOMO, HODL, ATH… ever saw these abbreviations and wondered what do they mean? In the crypto (cryptocurrency) world a lot of slang and terms are used. This glossary of terms and abbreviations used in the world of blockchain will help you to understand the crypto better.

 Let’s take a look.

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  1. FUD  Fear of Uncertainty & Doubt: The tactics used by market competitors to mislead an information to decrease an asset’s price.
  • FOMO      Fear of Missing Out:    The fear or discomfort of something is going on and my friends are involved and I’m missing it.
  • HODL.       Hold On for Dear Life: To avoid selling or buying your crypto currency, often for fear of losing out future profits.
  1. BUIDL       Secure Asset Fund for Users:  The process used for the protection of funds for use in extreme cases.
  2. ROI            Return/Rate On Investment: The measurement and analysis of return on the invested amount.
  3. SAFU         Secure Asset Fund for Users: The amount reserved to be used to pay back to investors in case of any loss.
  4. ATH           All-time high:  It relates to the price an asset has ever achieved.
  5. ATL           All Time Low: The lowest price an asset has gone through.
  6. DYOR       Do Your own research: Doing your own research and analysis before investing.
  7. DD            Due Diligence: The process of complete analysis of financials of a potential financial situation.
  8. AML       Anti-money laundering: The laws and regulations for the prevention of money laundering of illegally obtained money.
  9. KYC       Know Your Customer: Identifying and verifying customer identity before entering into cryptocurrency wallet.

Cryptocurrency trading terms can seem a bit confusing at first. But now you know a good chunk of them, so you can feel more SAFU with all these abbreviations.  Make sure to DYOR on FUD, not blindly FOMO into a coin that has reached ATH, and keep HODLing and BUIDLing!

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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