The next Cryptocurrency leg up has begun (all aboard, toot toot!) FOMO FREE ZONE

Thank you for listening!

In this episode of WTF is CryptoSpace, Chad and Brett discuss value Vs. price in the Cryptocurrencies. They explore some commonly used lingo (language) in the CryptoSpace that you may have heard of, but don’t know the meaning. Now is your time to firm up your position for the next 6-7 weeks in the CryptoSpace.

If you are a member of the CryptoSpace community, interested in Blockchain technology (you are not alone) or just curious about Cryptocurrencies such as Ethereum and Bitcoin then join us for your regular chat here at WTF is CryptoSpace.
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What is FOMO?
This stands for ‘Fear of Missing Out’ and is usually referencing the chasing by newbies to the CryptoSpace as the price of Bitcoin and other currencies moves higher. Or not being apart of the CryptoParty as it takes off.
http://www.urbandictionary.com/define.php?term=fomo
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What is an Altcoin?
An alternative coin to Bitcoin, a term given to a broad range of non-top tier coins or tokens that we don’t really know much about their brand enough to talk about them.
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What is FUD?
This stands for ‘Fear, uncertainty and doubt’, the spreading of FUD on a topic. http://www.urbandictionary.com/define.php?term=FUD
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What is HODL?
Reference to ‘Holding’ on a Bitcoin forum. A drunk guy posting on bitcointalk.org spelt it wrong. Check out the post is the links below: https://bitcointalk.org/index.php?topic=375643.0
http://www.urbandictionary.com/define.php?term=hodl
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What is BIP? Or EIP?
It stands for ‘Bitcoin Improvement Proposal’ or ‘Ethereum Improvement Proposal’. A Bitcoin Improvement Proposal (BIP) is a design document for introducing features or information to Bitcoin. This is the standard way of communicating ideas since Bitcoin has no formal structure.
https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals
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What is a ‘Bagholder’?
Not exclusively a CryptoSpace term. This is an investor who has been hodling for too long, and is left to face the consequences. Also refers to the many pump-and-dump schemes involving thinly traded “altcoins” (cryptocurrencies that aren’t bitcoin, which function more like penny stocks) on the scene. A versatile term that can also be used to refer to holders of state-issued “fiat” currency.
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What is a Satoshi? (I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the creator of the original bitcoin client. However, I often hear the term Satoshi as if it was a monetary unit.)

A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
Further examples of units
1 BTC = 1,000 mBTC (millibitcoin)
1 BTC = 1,000,000 μBTC (microbitcoin)
1 BTC = 100,000,000 Satoshis
1 mBTC = 100,000 Satoshis
1 μBTC (microbitcoin) = 100 Satoshis
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