The run-up has also revived some Bitcoin jargon as well as crypto-specific usages of other market terms. If you’re not sure what a debate between “hodlers” and “weak hands” means, or have forgotten, here’s a guide or refresher:
The fear of missing out is a powerful force in all markets, but is especially potent in a field where there’s no such thing as fundamental value. Crypto fans often cite FOMO as one of the reasons investors might buy cryptocurrencies when they’re in the midst of a rally.
Fear, uncertainty and doubt. Another term used in other investing contexts, it was adopted by the crypto community to denounce what supporters see as the intentional spread of misinformation. Skeptics see it used as a way to brush off anything negative.
This is sometimes referred to as halvening — a planned reduction in rewards miners receive (the term is mentioned in Bitcoin’s code). Halvings happen once every four years or so — more precisely, every 210,000 blocks of transactions. As the name suggests, each one cuts the amount of Bitcoin miners receive per block reward in half. The practice serves to maintain scarcity. This year, Bitcoin’s halving was followed by a steady rise in its price over the subsequent weeks.
“Hold” as misspelled by a frenzied Bitcoin trader on an