Crypto Lingo 😂
Crypto freaks (me included) like to speak in foreign. Newbies, here are some of the terms. Book mark this one okay 📚
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.
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.
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.
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
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.
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.
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.
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.
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.
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🤣
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
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.
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.
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
This is a belief in the crypto communities. For as long as you HODL and not panic sell WAGMI.
The END
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