Thread by @SoulFairy3

Crypto Lingo 😂

Crypto freaks (me included) like to speak in foreign. Newbies, here are some of the terms. Book mark this one okay 📚

"Stacking sats"

The smallest unit of a Bitcoin is called a Satoshi (sats). Think of Rands (the whole coin) and Cents (sats). You will often hear the crypto community say they are "stacking sats". That means that they are accumulating pieces of cryptocurrencies.

HODL

This is not a misspelling; it is slang. It means "Hold On for Dear Life". The idea behind HODL is that Bitcoin’s price will continue to rise, regardless of huge dips.

BTFD

This is an acronym for “Buy The F***ing Dip.” This is used when a trader tells others to pick up a digital currency that has dropped in value.

FOMO

Fear Of Missing Out refers to the feeling of fear and anxiety that you might be missing out on a potentially lucrative investment or trading opportunity.

Don't do this

Pump & Dump

This a form of price manipulation where the price of a crypto is boosted based on false recommendations (pump) before the assets are sold at a higher price (dump).

Memecoin

Coins with zero technology behind it. Just a community pumping it.

Sh!tcoin

Affectionate name for all currencies besides crypto. This also include memecoins as well as legacy coins like USD, EUR, GBP etc.

Whale:

These are individual investors and often sophisticated trading firms with large amounts of Bitcoin and other cryptocurrency. Whales are feared and respected among crypto day traders for their ability to move prices with single trades.

Nocoiner

A person who does not possess any cryptocurrencies at all. Negative connotation, describing a sad and unenlightened individual devoid of the glory that is crypto.

Bagholder

A person that is stuck with coins that have gone down a lot in value, usually below his or her entry point.

Maximalist

Usually preceded with ‘Bitcoin’, maximalists are people who believe that the only thing that is certain is that their coin will survive in the long run.

Maxis are annoying AF. See below🤣

FUD (Fear, Uncertainty, Doubt

This is a strategy used by crypto fanatics to spread misinformation and doubt regarding a trade deal or a competitor’s forecast price. What people tend to underestimate is the power of FUD. It has the potential of depressions and bursting bubbles

DYOR (Do Your Own Research)

Exactly how it sounds. Before getting influenced by what the internet is doing and reacting to, it’s important to DYOR before making any calls.

LAMBO

Short for Lamborghini, this term symbolizes the culture of getting rich super fast. This status symbol represents the life of luxury that can be achieved by crypto holders.

WAGMI - We All Gonna Make It.

This is a belief in the crypto communities. For as long as you HODL and not panic sell WAGMI.

The END