Tuesday, May 14, 2019

/r/ethtrader quickstart guide - Acronyms, Jargon, and Personalities.

Hi there new ETH investor and/or new /r/ethtrader community member! Glad to have you aboard. We are a pretty lively bunch around here; inside jokes, memes, and jargon run rampant.

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I figured I would create a sort of glossary to help you figure out what the actual fuck we are talking about.

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Acronyms (thanks /u/decronym)

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BGD: Big green dildo, as in a big green candlestick on the price chart.

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BTFD: Buy the fucking dip.

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ATH: All time high, the highest price of a thing ever, 1400ish for ETH.

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FOMO: Fear Of Missing Out, the urge to jump on the bandwagon when prices rise.

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DeFi: Decentralized Finance, MakerDAO and Dharma and stuff. Loans basically.

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CDP: Collateralized debt position. A DeFi thing.

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FUD: Fear/Uncertainty/Doubt, negative sentiments spread in order to drive down prices.

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MEW: My Ether Wallet, a website to make and interact with wallets.

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TA: Technical analysis, predicting the future of the price based on the past.

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2FA: 2 factor authentication, its a security thing, a second password of sorts.

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ERC20: The standard for tokens built on ETH.

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POS: Not piece of shit, or point of sale. Proof of stake, the new consensus mechanism coming to ETH soon™.

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ICO: Initial coin offering, the birth of a new crypto, usually an ERC20. Like an IPO.

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IEO: Initial exchange offering, like an ICO, but typically a bit more scammy.

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EZPZ: /u/e_z_p_z_, more on him later...

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BAT: Not the animal, Basic Attention Token

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OMG: Not oh my god, well sometimes oh my god, but mostly OmiseGo. Pronounced OH-ME-SAY GO btw.

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MKR: MakerDAO.

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REP: There is too many tokens to list here, just google it you will figure it out.

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DYOR: Do your own research. People want to steal your money. Make sure you know what you are buying.

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LN: A silly bitcoin thing.

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GDAX: The old name for Coinbase Pro.

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Jargon

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Bull: Confident the price will go up.

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Confidant: misspelling of confident from /u/e_z_p_z_. More on him later...

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Bear: Confident the price will go down.

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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.)

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The ratio: The trading pair ETH:BTC.

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The flippening: The ETH marketcap being bigger than the BTC marketcap. Coming soon™ .

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Soon™: The release date for everything crypto related.

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Donuts: Like reddit karma but /r/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 /u/cyounessi's post here.

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Moon: The price where you can buy a lambo.

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Mooning: The price increasing rapidly. Maybe exposed butts depending on how you choose to spend your money.

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Moonboy: A hopelessly optimistic/greedy person.

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$13: The price was stuck here for a long time. Dark days for /r/ethtrader.

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$420: The top of the bull market before last. Also weed dude hehehe.

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$300: The price was stuck here for what seemed like forever. Oh how easy we had it back then...

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$324: EZPZ's number. More on him later...

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$80: The bottom of the previous bear market. We will definitely never see this price again.

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HODL: Hold. From here.

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SODL: Sold, same as above.

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BUIDL: Build, you get the pattern.

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Golden cross: Moving averages of prices crossing. A TA thing.

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FIAT: Not the car. Fiat Money. USD, euros, pounds and so on.

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Sharding: An ETH scaling method. Don't make sharting jokes, they anger Vitalik.

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Ramen: The meal of choice when the price goes down.

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Pamp: Pump

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Bogdanoff: This. Just... Don't ask...

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Weeks not months: In reference to Joe Lubin's prediction for ETH futures coming out. It has been 75 weeks since he said this.

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The Winklevii: Founders of Gemini Exchange, the facebook guys.

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Personalities

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/u/vitalik_buterin: The founder of Ethereum. We really really like him.

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Joe Lubin: Co-founder of Ethereum, founder of ConsenSys. Memes aside. We like him.

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/u/carlslarson: Creator of /r/ethtrader. Overall good guy.

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/u/jtnichol: A mod of /r/ethtrader. Overall sweetheart.

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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.

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/u/dcinvestor: DC is a smart guy with good opinions. We really like him.

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/u/E_Z_P_Z_ 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 /r/ethtrader and we all love to hate him.

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/u/lamboshinakaghini: A fool, not to be trusted.

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Everyone else: Well you will see them around and catch the vibe. There are just too many lovable and hateable people to list.



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