Crypto Slang: 28 Terms You Should Know

The goal is usually to discourage further crypto purchasing or encourage people to sell their coins. For example, cryptocurrency loyalists may accuse the skeptics of “spreading FUD.” DeFi is short for decentralized finance—an emerging field that lets participants cut out the middleman and make financial transactions directly with others. It’s quickly gaining in popularity as an alternative to traditional financial services.

It became a rallying cry when crypto was having more downs than ups and hold was misspelled in a popular form post. A trader who holds a lot of crypto and thinks that the market is going to fall. A trader that has a negative sentiment about the market and expects it to decline. Looking to trade NFTs or trying to figure out where to list your collection? In translation, it means when will crypto make you rich enough to buy a Lamborghini, which became the ultimate status symbol of the crypto community.

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It’s a somewhat loose expression of positivity, in other words it will all turn out well. Both are related to the concept of “making it,” becoming financially independent or wealthy by investing in cryptocurrencies . If you want to truly understand and get deep crypto trends, following crypto and NFT-based social media communities is essential. To do this effectively, you’ll need to understand exactly what people mean when they post, and to do that, a good understanding of crypto slang is a must. In these two posts, the tweet specifically focuses on a project they believe has strong potential.

They are often considered to be gamblers rather than investors. Market makerwho is looking to sell off a significant amount of cryptocurrency. The term derives from the fact that, like a whale, a bearwhale has the potential to cause a large dip in the market if it dumps its crypto holdings at once. Cryptojacking can be very damaging, as it often results in reduced performance due to the computer’s resources being used up by the miners.

With so much information available about crypto buying and selling — along with volatility, confusion, and FUD — investors need to know that wherever their crypto lands, it is secure. FOMO stands for “fear of missing out.” Not limited to the world of crypto, FOMO applies to all aspects of life, including job hunting and even dating. First employed in the finance sphere, “pump and dump” is a form of market manipulation.

No Coiner

Here is a non-exhaustive glossary of crypto expressions you may or may not know the meaning of. Like WAGMI and NGMI, the project “Operation FUD” directly uses the word FUD in their title, most likely as an ironic critique of “real” Fudders. FUD stands for “Fear, Uncertainty, and Doubt” and is often used to criticize those outside the crypto and NFT community. This is particularly the case when individuals or groups question the future or value of crypto or NFTs as a whole. Put up an NFT for sale below the floor price of the collection . Constantly changing the sale price of an NFT due to insecurity about its value.

“Hold on for dear life”—in other words, keep holding on to your crypto as the price fluctuates. Someone might say they are a HODLer or are HODLing if they’re passively investing in a crypto rather than actively trading. When someone installs cryptojacking malware on your computer, they may be able to use your computer to mine cryptos without you realizing it. They can earn money from mining without having to buy equipment of their own or pay for the electricity to keep it running. A bag holder is someone who continues holding on to that large quantity as the value of the crypto drops toward $0. Become an Ambassador Help bring blockchain education to your community.

Fundamentals of Cryptocurrency

The current state of the https://forex-world.net/currency market can be determined by looking at the overall trend of prices. Cryptocurrencies are often ranked based on their current market cap. When one crypto’s market cap pushes it higher in the ranks, it “flips” the next coin.

• Double spending is often seen as a negative thing, as it can lead to an inflation of the currency.
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• This term is used to describe the highest price that a particular cryptocurrency has ever reached.
• Hfsp is the acronym for “Have fun staying poor” and is a way of ridiculing those that have no investments in cryptocurrencies.

Anonymous founders and developers, as well as questionable NFT/crypto platforms can be the first red flags. Now that you already know what a whale is, it’s time to understand the meaning of BearWhale. A BearWhale is a giant trader who believes that prices will fall. Because of this, they try to unload many bitcoins at the same time. This term represents people who own more than 5% of cryptocurrency coins. P&D stands for “pump and dump.” The “pump” in “pump and dump” refers to a sudden increase in price made by traders who buy vast amounts of Bitcoin to create the illusion of demand.

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It’s also helpful for newcomers to express the sentiment that they’re loyal to the group, want to become part of the community and abide by the rules. A former technology reporter for CBS Radio, he covers such topics as security, mobility, e-commerce and the Internet of Things. Rekt, an intentional misspelling of “wrecked,” is a slang term used in crypto to describe an investor’s portfolio or an investment that’s losing substantial value. A fluctuation is a change—or, to be more specific, a rising and falling—of an amount or number. In finance and cryptocurrency, it refers to any change in prices. Then, that person is left with “a coin they don’t want at a price they can’t sell it .”

Chain Debrief’s vision is to help everyone make sense of the blockchain technology. Can also be used to refer to the crypto community on Twitter as a whole. These schemes are often orchestrated through apps like Slack or Telegram, he adds, and advises curious chatroom readers to beware of such gimmicks. An investigation into “pump and dump” schemes by Business Insider found the practice to be an “open secret among many cryptocurrency traders.” You see all of the money your friend stands to make and start to get a fear that you’re going to miss out on all of these potential earnings.

Because Bitcoin is easily divisible and constantly transacted in fractional amounts, being able to denominate arbitrary fractions of a Bitcoin is essential. This is especially important, since the Bitcoin price has risen dramatically and in order to welcome new investors to the market, the ability to offer tiny fractions of Bitcoin is essential. A new market usually means a new lingo, and cryptocurrency is certainly an example of that. Words, acronyms, memes and other language to describe the world of crypto have sprung up, and for newbies, it can be confusing and at worst intimidating to make sense of it all. Named after the founder of crypto, Satoshi Nakamoto, satoshi (or “sats” for short) is the smallest unit of Bitcoin available.

A Crypto slang with a traditional mindset and little or no knowledge of cryptocurrencies. The related flappening is a term coined by Charlie Lee in 2018 to describe Litecoin surpassing Bitcoin Cash in market capitalisation. Diamond hands and paper hands are terms used to describe the risk appetite of traders. Degen is short for ‘degenerate’, and it’s an unflattering term used to describe a certain type of trader who doesn’t follow any sort of disciplined strategy and makes reckless investments. It is often used in the crypto world to refer to insider information or things that only those with a lot of experience and knowledge would understand.

The opposite is paper hands, referring to traders/investors who quickly sell their position when facing decreasing prices. GM can also be used when a new member of the NFT or crypto community wants to introduce themselves on a platform like Twitter, Discord, or Telegram. As far as we know, GM was first used in the crypto and NFT community during Bitcoin’s bull run in November 2021, where the cryptocurrency reached a staggering price of almost $70,000.

Often, they will hire celebrity influencers to help drive up the price causing people to buy at all-time highs. This term is often used as a way of warning others about investing in a particular project. It’s usually derived as buying high and watching the price of the crypto decline. A “whale” is an individual or entity that owns a large amount of a particular cryptocurrency. In this case, the person is saying that only those who were paying attention at the time will understand why the fork occurred.

It stands for “do your own research” and people in the crypto community use it as advice and a reminder for anyone interested in investing to do their due diligence. Degen is short for degenerate and the crypto community uses it in a couple of different ways. Primarily, degen refers to a person who invests large sums of money in risky and suspicious crypto projects. However, sometimes the term is used affectionately among the crypto community when referring to themselves and others.

For example, if you invest $10,000 in a cryptocurrency and it crashes, you might say that you got “rekt”. A “bag holder” is someone who owns a large amount of a particular cryptocurrency that is not doing well. For example, if you own 1,000 Bitcoin and the price of Bitcoin crashes, you will be a bag holder. A “bag” is a term that is used to describe a large amount of a particular cryptocurrency that someone owns. For example, if you own 1,000 Bitcoin, you might say that you have a “bag” of Bitcoin.

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Chainlink is a decentralised Oracle network that provides data and information to smart contracts on Ethereum. POS is a type of algorithm that is used to verify transactions on the blockchain. POS algorithms require users to stake their coins to add new blocks to the chain. An “airdrop” is a term used in the cryptocurrency space to describe when a project gives away free tokens or coins to its community. DeFi is a type of financial system that runs on the Ethereum blockchain. It includes protocols and platforms that allow users to borrow, lend and trade cryptocurrencies in a decentralised way.

The term “HODL” is derived from a misspelling of the phrase “hold” in a 2013 post on the Bitcoin Forum. Since then, it has become one of the most commonly used terms in the crypto world, and is often used in discussions about the markets and investing strategies. Crypto slang can also be used to create a sense of community within the crypto world.