Crypto Slang You Need to Learn

Refers to people that panic sell instead of continuing to hodl as the value of a coin or the whole crypto market goes down. Short for Decentralized Finance, an open and modular financial system where you have more control than traditional financial systems. The goal of DeFi is to connect individual users to provide financial services without the need for a centralized bank. Each block on a blockchain represents a collection of transactions that have taken place.

Clueless investors looking for quick and easy profits in dubious coins are often referred to as “exit liquidity.” The term can be used in a derogatory or sympathetic way. Sometimes shill accounts are revealed to use their followers as exit liquidity for tokens they promoted. It is a sales and marketing tactic that relates to spreading uncertainty and misinformation about a product to drive it out of business or reduce its price.

We’ve gathered here today to properly define the most common cryptocurrency enthusiast terms like WAGMI, FOMO, FUD, so that no aspiring crypto DEGEN is left behind. This content is not provided or commissioned by the bank, credit card issuer, or other advertiser. Opinions expressed here are author’s alone, not those of the bank, credit card issuer, or other advertiser, and have not been reviewed, approved or otherwise endorsed by the advertiser. This site may be compensated through the bank, credit card issuer, or other advertiser. Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015.

Watch The Crypto Curious Course

HODL first originated in 2013 online on the Bitcointalk Forum where a user misspelled “hold” as “HODL” and it stuck. The term evolved into a community movement where the term ended up being an acronym for – Hold On to Dear Life. The connotation here is to have a belief that cryptocurrencies will permeate society and become a standard, and to HODL cryptocurrencies is to invest in a movement that is still in its nascent stages. “Web three-dot-zero” (or “web three-dot-oh”) is a term used to describe the next generation of the internet. Web three is being built on decentralised technologies such as blockchain and distributed ledger technology. Tether is the largest stablecoin by market capitalisation and is one of the most popular cryptocurrencies.

Frens are often found in chat rooms, forums, and other online communities discussing topics related to cryptocurrency. They may also be found in person at conferences and meetups where they can share their knowledge with others. Many frens are also traders and investors, so it’s common for them to be offering advice or talking about their experiences with specific coins or tokens. This term is used to describe investors who believe in the long-term value of their investments, and are willing to hold onto their assets through both good times and bad. They often see short-term price fluctuations as temporary and believe that the value of their investments will increase over time. DEX, or Decentralized Exchange, is a type of cryptocurrency exchange that operates on a decentralized blockchain network.

Twitter

FUD can be used in different ways, such as when a negative event “creates FUD” about a coin or when someone “has FUD” and isn’t investing. DAO is one of the popular crypto slang terms which refers to decentralized autonomous organizations. As its name implies, it’s a type of organization that has no central authority and operates autonomously.

Althttps://forex-world.net/s, or alternative coins, refer to any cryptocurrency other than Bitcoin. In the context of web3, altcoins typically refer to cryptocurrencies that are built on top of decentralized networks. They have the potential to offer more advanced features and functionalities compared to traditional cryptocurrencies.

They’re essentially used as a medium of exchange or store of value within a digital economic network. Crypto coins are native to their currency’s blockchain, and each currency is independent from all other cryptocurrencies—their coins can be only bought by participants on their particular network. Standing for “buy the dip” or, more curtly, “buy the dip,” BTD is used to talk about buying crypto coins at low prices with the assumption that they will eventually increase in value.

Meme Economy

When you do not go out with your friends on Saturday night, you have FOMO or the “fear of missing out”. Or, if you miss out on a hot stock in the stock market, you might have FOMO. Jaslyn Ng is a young executive who’s tired of insurance agents & financial advisors in Singapore. She finds it difficult to find one she trusts, leading her to learn more about the various insurance & investment plans available. It’s important to be aware of POS when considering investing, as it could impact the value of your investment.

Thus, if someone is bullish, they expect that the market prices will increase. A bagholder is a person who holds onto their investment instead of selling it even though it’s losing its value and becoming worthless. The related term bear whale describes a whale trader who is bearish on the market and believes prices will fall. A type of scam, pump-and-dump schemes involve artificially inflating the price of an asset through false or misleading positive information. Typically, a group of people will buy large quantities of a particular asset at a low price all at once, driving up the demand and price of the respective asset.

Instant Settlement Network Layer

Some of these actions considered NGMI behavior can negatively impact other NFT investors, so occasionally, the insult may be somewhat warranted. In the broader community, Bitcoin remains the father of crypto, therefore any other token is simply an alternative, non-legacy product. In crypto, parties who have the ability to purchase or move very large numbers of tokens are called Whales. When a token jumps or drops significantly in price, people enjoy blaming Whales. The noun version of the term describes an oftentimes irresponsible person who promotes crypto projects or products without concern for possible consequences. This term is used to describe a condition that develops in people who own bitcoin.

• The computer that wins receives the block reward for creating the newly added block.
• As its name implies, it’s a type of organization that has no central authority and operates autonomously.
• In the cryptocurrency sphere, this referrs to the total value of mined coins at a given moment in time.
• By the end, you’ll have a much better idea of what people are talking about when they talk about crypto.
• As he learned more, he was able to configure his computer to mine Ethereum and became an advocate for decentralization.

The digital waiting room where transactions are sent before they are included in a block by a miner. The property that describes the fact that information added to the blockchain is final; it cannot be amended. Transactions are irreversible, only an opposite transaction can be executed. A possible future event where Ethereum’s market capitalization overtakes Bitcoin’s. Mathematics creates codes and ciphers in order to conceal information.

Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the Crypto.com App.

Due to the size of their orders, a whale’s transactions may create a temporary increase in volatility, especially in assets with low liquidity. Consequently, investors like to keep track of known whales in the industry to prepare for when they make a move. Weak hands describe someone who sells their cryptocurrency at the first sign of falling prices. Those with weak hands usually lack conviction in their strategies and are easily spooked by negative news or price action of an asset. The bearwhale is often seen as an ominous figure in the crypto space, and its potential to manipulate the markets can be daunting for smaller investors.

Crypto slang capitalization, or market cap, is the total monetary value of a publicly traded company’s stock shares. In the cryptocurrency sphere, this referrs to the total value of mined coins at a given moment in time. On the Etherium blockchain, gas fees are the charges imposed on transactions or contract executions. Specifically, these charges are applied to the Ether currency (Etherium’s native coin) and are used to fund the Etherium blockchain and keep it operational, secure, and decentralized.

Pure Proof of Stake (PPoS)

If you’ve researched Bitcoin, you’ve probably encountered confusing jargon there and across the entire crypto market. It’s a term used to describe the highest price a particular cryptocurrency has reached. FUD – Fear Uncertainty and Doubt – is a marketing and communication term used to psychologically influence people into a negative perception of a particular product or service. It’s important to do your own research and understand what each term means before investing in any asset. Oracles are also important because they can provide data and information to smart contracts.

• It means “hold on for dear life”, which is exactly what crypto traders do when they hold even when the market becomes volatile.
• A whale refers to a person or entity owning large amounts of a certain cryptocurrency.
• This content is not provided or commissioned by the bank, credit card issuer, or other advertiser.
• They’re essentially used as a medium of exchange or store of value within a digital economic network.
• GOAT stands for “greatest of all time” and it’s one of the best compliments you can give someone in crypto and other communities.

It is often used in a bullish context, to express the belief that the price of a coin will continue to rise dramatically. It can be used in social media, forums, and other online platforms as a way of expressing excitement or optimism about the potential of a particular coin or token to rise in value. The phrase is also used as a metaphor for the idea that the value of a coin will increase dramatically, reaching a level that is out of this world, like the moon. An entity or individual owning a large amount of a particular cryptocurrency is called a whale. There is no threshold to identify an entity or individual as a whale, but a distinctive trait of a crypto whale is the ability to impact the market by either buying or selling. With the rise of popularity of web3, a whole new lingo has emerged.

Not your keys, not your coins is a popular expression and it refers to the belief that one must own their wallet keys to truly own their crypto. Minting refers to creating new coins or tokens by creating new blocks. This is one of the most common crypto slang terms referring to a release of something. A Bitcoin maximalist is a person who believes that Bitcoin is superior to all other cryptocurrencies and that it’s the only currency worth having. Here are the common NFT and crypto slang terms you need to know to avoid embarrassing yourself on Twitter. Vaporware refers to a blockchain or software project that is still a concept and does not yet have a working product.

That way, you’ll have all the context you need to understand these terms– and even use them yourself. Many bitcoin traders thought the cryptocurrency market was about to fall off a cliff and that bitcoin’s value would be sub $10K soon. As bitcoin holders panicked, Fudders started to buy bitcoin at the bottom price of $18K.

In 2021, people started photoshopping their profile pictures to give themselves laser eyes. This was done to show support for Bitcoin and even had several celebrities participate. Crypto has the potential to disrupt massive industries and upturn financial practices.