FOMO is short for “fear of missing out” and refers to traders’ fear that they might lose if they miss a potentially lucrative opportunity. Unfortunately, FOMO might make you act impulsively rather than base your decisions on logic. Exit liquidity refers to clueless investors seeking fast and easy gains in dubious crypto projects and can be used either sympathetically or derogatorily.
- A bear market is a falling market that makes the majority want to sell.
- If FOMO spreads faster in a bullish market, FUD spreads more easily when markets are cooling.
- It’s that nagging feeling that everyone else is making big bucks in a skyrocketing market while you’re left on the sidelines.
- It’s a shorthand way to refer to all those crypto influencers and enthusiasts tweeting about crypto assets together.
- In the crypto environment, someone who is unfamiliar or uninvolved in the cryptocurrency sector is known as “normie” or “pleb”.
Traders typically use it after market crashes, along with jokes and memes. It’s more than blind cheerleading; it’s a shared belief that crypto will survive every dip and come back stronger. Instead of taking the loss and walking away, it pushes traders to stay focused, stay learning, and stay patient (even when portfolios bleed red). If you’re a crypto investor, you know that the terms ‘’whale’’ and “HODL’’ convey a whole different meaning in crypto than they do in traditional finance. The slang terms used in crypto are a window of opportunity into the real culture of crypto where memes and unique terms are used as a badge of honor to communicate between traders.
It’s like calling someone a quitter for not holding on a bit longer. BTD stands for “Buy The Dip.” It’s a phrase encouraging investors to buy more when prices fall. In other words, when the market goes down, BTD means “this is a chance to buy crypto at a discount.” For example, if Bitcoin price drops suddenly, people might tweet “BTD! ” meaning “buy now while it’s cheap.” The idea is the price will bounce back later.
Diamond Hands Meaning in Text
It’s crypto slang for the moment your portfolio nosedives after a bad call. Traders toss the word around casually, but anyone who’s been REKT knows it stings. The trick isn’t avoiding losses; it’s learning from them. On Telegram and Reddit, terms like bagholders (holding a coin through profit and loss), and ‘’shilling’’ (marketing a cryptocurrency) are common topics of discussion.
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When you commit time to doing real research, you stop yourself from falling for scams or chasing illusions. The crypto market can have so much noise around it that thinking independently can be your best investment. Most bad trades start with trusting someone else’s conviction instead of your own. A rug pull is when developers drain liquidity or vanish with investor funds. One day your coin is flying, and the next it’s worthless. Always check crypto slang if the dev wallet is doxxed, liquidity is locked, or the token contract is verified.
Private Key
HODLers believe in long-term value, not short-term chaos. The term stands for Fear, Uncertainty, and Doubt, which are the three feelings that can trigger mass sell-offs. FUD usually starts when someone spreads bad news, whether true or not. Maybe a rumor about regulation, a tweet from a big name, or whispers that a project’s in trouble. When you hear the same gloomy take repeated everywhere, stop and check the facts first.
Mooning
Thankfully, decentralized consensus and mining prevent double-spending. Cryptography is a method of securing data against unauthorized access. In a blockchain, it’s used to secure two transactions between two nodes in a blockchain network.
This crypto slang covers all of these projects and is getting popular every day. With the rise of DYOR after the ICO craze of 2016–2018, experienced traders started thinking how important it is to do a lot of study before investing in any project. People who want to invest should not depend on hype or suggestions from others, but should instead fully research and understand a cryptocurrency or project before investing.
For example, meme-coin Telegram groups are often called “the trenches”. The swapped.com crypto slang guide explains trenches as the place “where degens gather, share alpha, and discuss the next high-conviction play”. In short, if you’re “in the trenches,” you’re deep in risky early-stage crypto work, hunting for big gains. Paper hands describe someone who sells too early, especially during a dip.
It’s become such a powerful concept that entire investment strategies are built around it. Armed with these terms, you’ll navigate the world of blockchain and mining with confidence. Now that we’ve covered blockchain terminology, let’s delve into mining and hashing slang. Let’s explore a few additional terms that can deepen your understanding of the crypto world. Understanding these terms will help you navigate the crypto space more confidently. Now you’re equipped with the basic crypto lingo, let’s move on to some more complex terms.
- Once you grasp these basics, let’s move on to more advanced crypto jargon.
- However, armed with this short dictionary of crypto slang terms, you’re now equipped to break down the barriers and confidently venture into the heart of the crypto community.
- Before diving into any project, take the time to do your due diligence.
- This is one of those slang terms for crypto enthusiasts who have fallen deep into the world of digital assets.
It reminds traders to dig into the details before buying any token. Meme coins in particular can move fast, but that speed comes with risks. Checking tokenomics, dev teams, and community activity can help protect your wallet.
The Webopedia crypto dictionary says degens buy on impulse, ignoring cautious analysis. It’s not always an insult, some wear it as a badge of honor. It just means you’re part of the wild, high-risk side of crypto culture, where understanding your private key is crucial. GMI became well-known as a way to stay motivated during bear markets when the prices of cryptocurrencies were falling sharply. When things are uncertain, traders would use GMI or WAGMI to support each other and say how sure they are that the community would get through the problems and win in the end.
IYKYK, or “if you know, you know,” implies that only a select group will understand. Also can be used derisively when someone shares commonly known information. Gas is a unit that describes how much you need to pay in transaction fees. On the Ethereum blockchain, gas is denominated in gwei.
A bull market is when prices are rising, and confidence is high. It’s the time when meme coins explode, new tokens pop up daily, and people feel like anything can pump. The mood is the complete opposite of a bear market, FOMO kicks in, and social media lights up with green charts. “Degen” comes from “degenerate.” It’s slang for a gambler-like trader who chases high-risk, high-reward deals. Degens are the folks diving into new meme coins or risky tokens with little research, hoping to hit it big.
What is the difference between basic and advanced crypto terminology?
For example, Ethereum and Ethereum Classic came from a fork. Meme coins rarely fork, but when they do, it usually creates a new token and a lot of market confusion. The crypto world moves fast, and its language is just as wild. This slang isn’t just for laughs, it’s how traders, developers, and communities communicate across Twitter, Telegram, and Discord every day. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.