Digital currency bitcoin has seen a tumultuous ride in recent weeks, as the price fell to trade below $6,000 per coin in June, down from a high of over $19,000 last year. And, everyone from Warren Buffett to athletes and celebrities have weighed in on the future of cryptocurrencies.
With all the attention, jargon that was once just used for inside jokes in early cryptocurrency chat rooms and on Reddit threads has now become a part of the dialogue.
You may see bitcoin enthusiasts on Twitter say something like, "Don't listen to FUD, just HODL your bitcoin and head to the moon," and you'll hear similar lingo in CNBC's upcoming documentary, "Bitcoin: Boom or Bust," premiering Monday.
So what does that mean? To make sense of such crypto-slang, CNBC Make It asked Peter Saddington, a serial entrepreneur and early bitcoin investor who runs a bitcoin community called The Bitcoin Pub, to break it down. Saddington first purchased bitcoin in November 2011 when one coin only cost $2.52.
Here he explains what HODL and six other terms mean.