Hi there new ETH investor and/or new /ethtrader
community member! Glad to have you aboard. We are a pretty lively bunch around here; inside jokes, memes, and jargon run rampant.
I figured I would create a sort of glossary to help you figure out what the actual fuck we are talking about.
BGD: Big green dildo, as in a big green candlestick on the price chart.
BTFD: Buy the fucking dip.
ATH: All time high, the highest price of a thing ever, 1400ish for ETH.
FOMO: Fear Of Missing Out, the urge to jump on the bandwagon when prices rise.
DeFi: Decentralized Finance, MakerDAO and Dharma and stuff. Loans basically.
CDP: Collateralized debt position. A DeFi thing.
FUD: FeaUncertainty/Doubt, negative sentiments spread in order to drive down prices.
MEW: My Ether Wallet, a website to make and interact with wallets.
TA: Technical analysis, predicting the future of the price based on the past.
2FA: 2 factor authentication, its a security thing, a second password of sorts.
ERC20: The standard for tokens built on ETH.
POS: Not piece of shit, or point of sale. Proof of stake, the new consensus mechanism coming to ETH soon™.
ICO: Initial coin offering, the birth of a new crypto, usually an ERC20. Like an IPO.
IEO: Initial exchange offering, like an ICO, but typically a bit more scammy.
, more on him later...
BAT: Not the animal, Basic Attention Token
OMG: Not oh my god, well sometimes oh my god, but mostly OmiseGo
. Pronounced OH-ME-SAY GO btw.
REP: There is too many tokens to list here, just google it you will figure it out.
DYOR: Do your own research. People want to steal your money. Make sure you know what you are buying.
LN: A silly bitcoin thing.
GDAX: The old name for Coinbase Pro.
Bull: Confident the price will go up.
Confidant: misspelling of confident from e_z_p_z_
. More on him later...
Bear: Confident the price will go down.
Cuecomber: Cucumber, another EZPZ classic. Can be used as in cool as a cucumber, or as in BGD (see? now you know what BGD means, damn this guide is helpful.)
The ratio: The trading pair ETH:BTC.
The flippening: The ETH marketcap being bigger than the BTC marketcap. Coming soon™ .
Soon™: The release date for everything crypto related.
Donuts: Like reddit karma but /ethtrader
specific, and infinitely more valuable. Legend has it that if you get 10 million donuts Vitalik sends you 10 ETH for every 1 ETH you send him. The name comes from cyounessi
's post here.
Moon: The price where you can buy a lambo.
Mooning: The price increasing rapidly. Maybe exposed butts depending on how you choose to spend your money.
Moonboy: A hopelessly optimistic/greedy person.
$13: The price was stuck here for a long time. Dark days for /ethtrader
$420: The top of the bull market before last. Also weed dude hehehe.
$300: The price was stuck here for what seemed like forever. Oh how easy we had it back then...
$324: EZPZ's number. More on him later...
$80: The bottom of the previous bear market. We will definitely never see this price again.
HODL: Hold. From here.
SODL: Sold, same as above.
BUIDL: Build, you get the pattern.
Golden cross: Moving averages of prices crossing. A TA thing.
FIAT: Not the car. Fiat Money.
USD, euros, pounds and so on.
Sharding: An ETH scaling method. Don't make sharting jokes, they anger Vitalik.
Ramen: The meal of choice when the price goes down.
Just... Don't ask...
Weeks not months: In reference to Joe Lubin's prediction for ETH futures coming out. It has been 75 weeks since he said this.
The Winklevii: Founders of Gemini Exchange, the facebook guys.
Updoot the diddly: Or anything with that vague collection of letters, Upvote the daily discussion.
JT's fire pit: jtnichol
posts pictures of food he is cooking in his backyard fire pit. Those posts make you hungry.
The DAO: Tumultuous times in ethereum history to say the least.Further reading here.
: The founder of Ethereum. We really really
Joe Lubin: Co-founder of Ethereum, founder of ConsenSys. Memes aside. We like him.
: Creator of /ethtrader
. Overall good guy.
: A mod of /ethtrader
. Overall sweetheart.
The rest of the mods: Too many to list. It's a great group of people. They won't give you any trouble if you aren't being a dick.
: DC is a smart guy with good opinions. We really like him.
the undisputed meme champion. A genuine crazy person. Made a bad sell on the way up, and wrote lengthy posts about how ETH was going back to $324 multiple times a day for months, often times with terrible spelling and grammar. When ETH did hit 324 he became something like a local hero. He is the heel of /ethtrader
and we all love to hate him.
: A fool, not to be trusted.
: He used to regularly post TA. Sometimes he was right, sometimes he was wrong. The crucial thing was that he was memeable. He started to get a bit of an ego going, and was deleting his posts that were wrong, and keeping the correct ones. He recently made a return to /ethtrader
and made a post that ETH was going to moon on a certain day and it ended up not being correct, which was just fuel on the meme fire. He goes by etherdamus
now and runs a private TA group which has a fee to join.
: He posts a haiku in the daily every day until we flippen bitcoin. Reading a nice haiku is a pleasant way to start your morning.
Everyone else: Well you will see them around and catch the vibe. There are just too many lovable and hateable people to list.
Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decid Bitcoin is The Only Fixed Asset in the Galaxy, The Winklevii Told Dave Portnoy In April 2013, the Winklevoss twins together held $11 million in bitcoin priced at $120 a coin. That holding grew to be worth more than $1 billion in December 2017 as the price of one coin ... Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Bitcoin News 14 Nov 2013 Winklevoss twins: bitcoin could hit market cap of $400bn. Daniel Cawrey shares the Winklevoss Twins' expectations for the Bitcoin market including a variety of reasons why they expect it to grow considerably.. read more. 26 Oct 2013 Jon Southurst - PSA: Protect Your Wallets 9 Oct 2013 Video: Life On Bitcoin Newlywed Couple Hits The Road Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC has space to grow till $11,316.13 Cryptos Sep 15, 02:23 GMT Cameron Winklevoss labels BTC and ETH as organic forms of money.
The Winklevoss twins explain the future of Bitcoin including how it compares to gold and how there is still so much more potential for growth. Bitcoin Will One Day Be Worth 40 Times Price It Is Now: Gemini Exchange's Cameron Winklevoss CNBC - Duration: 3:16. CNBC 176,565 views “You MUST Invest In Bitcoin Before 2020 For 5 KEY REASONS” BTC Bull Run Soon [Mike Novogratz] - Duration: 14:03. Bitcoin Money Maker 1,211 views Cameron and Tyler Winklevoss sit down with John Biggs to discuss Wall Street's attitude toward bitcoin, their new bitcoin exchange, and their bitcoin-based e... Cameron and Tyler Winklevoss founded an exchange for the virtual currency and they have some words for those who fear a Bitcoin bubble.