'The real alpha in crypto is buy and hold.' @RyanSAdams
APEING IN - buying into an NFT project, perhaps without due diligence
'In just 1 day @KarafuruNFT already had 1 sale over 100 ETH, floor rise to 4.2 ETH after reveal ... getting DMs from big names that are apeing in.' @eddyiskongz
BLOCKCHAIN - a decentralized database that maintains a data list that cannot be manipulated
Examples: Bitcoin, Ethereum, Solana, Polkadot, Terra and others.
BTFD – buy the f'ing dip
When people are running around and selling because a crypto price is dropping hard, this is the time to buy.
"Solana is under $100. BTFD."
BUIDL - build useful stuff
When crypto is dipping, building useful stuff proves that its valuable.
"Eth is crashing, we need more developers to BUIDL."
CRYPTO - cryptocurrency
A digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Cryptocurrency runs on a blockchain.
Ether is the token that runs on the Ethereum blockchain, Solana runs on Solana etc.
DAPP - decentralized app
Any practical application of blockchain and/or cryptocurrency.
dApps can take the form of mobile games, communications platforms, and social media sites.
@CryptoKitties is a dApp game that allows users to buy and sell virtual cats.
DAO - decentralized autonomous organization
The structure for a company or organization in web3.
In a DAO everyone can have ownership and be involved in decision-making.
DEGEN - degenerate, a gambler, someone really shooting at all chances, taking extremely high risks
Refers to people who invest in digital assets like NFTs or cryptos without doing due diligence.
Can also mean any person getting in on web3 investments.
DEFI - decentralized finance
DeFi is the movement within crypto that removes the control banks and institutions have on money, financial products, and financial services.
It eliminates the fees that banks and other financial companies charge for using their services.
DYOR - do your own research
Don't depend on others. Do your own research before you invest in cryptos, buy NFTs, or get involved with a community.
SATOSHI - 1. a reference to Satoshi Nakomoto, the anonymous founder of Bitcoin who vanished shortly after his creation, leaving the project to be decentralized and collectively managed
2. a unit of exchange, the smallest part of a bitcoin. 1 Satoshi = 0.00000001 ฿
SHILL – the act of unsolicited endorsing in public
You're shilling if you're promoting an NFT you're dropping or a coin you’ve invested in.
“Shill me your best NFT under 1 ETH.”
WALLET - a place to store crypto tokens
HOT WALLETS are online and easily accessible but also more susceptible to hackers.
COLD WALLETS store digital assets off-line, making them secure from bad actors but difficult to trade.