There are many forms of slang used in the crypto industry, and being aware of them can help you quickly understand the various terms used there. Here are a few examples of common slang:
Hold on for dear life, or HODL, refers to the intention to never sell, regardless of how high the volatility rises.
Diamond Hands means to the practise of holding onto an asset even when the value of their overall portfolio declines by 20% or more.
The term “Paper Hands” refers traders or investors who quickly exit their position when prices sell to decline.
The psychological concept of FOMO, or fear of missing out, describes the mindset of investors as the worry of missing out on gains from price increases.
FUD, or fear, uncertainty, and doubt, is disseminating false information about cryptocurrencies in an effort to make them unprofitable or drive down their price.
Shitcoin is a way used to describe a particular cryptocurrency as being worthless. It can be a relative term because some of the most expensive coins may be considered shitcoins by others.
Apeing, which is frequently a result of FOMO, is investing in something without conducting your due diligence on the coin.
BTFD, or “Buy The F***ing Dip,” is a method for purchasing cryptocurrencies when they are undervalued with the expectation that they will eventually increase in value.
A degen or degenerate is a person who employs a notably risky investment strategy, such as purchasing shitcoins, trading with higher leverage, investing in extremely risky projects, or a combination of all of the above.
GM stands for “good morning,” and is a playful way to spread positive energy. In the web3 space, it has developed into an all-pervasive meme.
Never/Not Going to Make It (NGMI) refers to a person or firm that uses the incorrect strategies to succeed, such as not HODLing or devoting themselves to recognised marketing.
We Are Going to Make It, or WAGMI, is an expression of hope. By investing in cryptos, the concept is to become financially secure or wealthy so that you can quit your unfavourable job.
The term “boomer” is used to make fun of individuals or ideas that are seen as dated in the cryptocurrency world. Boomer ideas can occasionally include even new but well-liked ones.
If You Know You Know, also known as IYKYK, is an expression or inside joke frequently used when a person shares information that is widely known.
When the price of the coin they purchased has increased significantly, people frequently use the exclamation LFG, which stands for “Let’s F***ing Go.”
Looks Rare is a way that indicates that an NFT might be valuable (random guess). One that is rare or appears to be rare will bring in money for buyers because the rarity of most NFTs determines their value.
@bowtiedbull popularised Few. Ironically, most people are unaware of this, despite the way that it might be significant.
(3,3) refers a payout that is advantageous to both parties. It refers to the prisoner’s dilemma, in which cooperating is preferable to defecting and receiving a (-3,-3) payment for doing so for both parties.
Shilling means to paying someone to spread the word about a cryptocurrency. Shitcoins typically rely on shilling to induce FOMO and a perception of value that is higher than it actually is.
People who are overly optimistic about a coin’s potential are known as moonbois. A price increase through any means is referred to as “going to the moon.”
Moonbois who are overly focused on profiting money from a significant price increase to be able to afford a Lamborghini frequently use the term “Lambo” or “when Lambo.” It is also a term of abuse for those who only consider a coin’s value.
Wagecuck is a person who works regularly in the crypto space. The term is occasionally used ironically to refer to oneself as one.
A pleb is a person who knows little to nothing about cryptography.
Fren, which is short for “friend,” is a relationship used in the crypto space to refer to a real-world friend or a person you get along with well on social media.
“Sir” is known as ser in crypto. It appears to be a way of mocking East Asian and Indian crypto users for overusing the word.
Gigabrain is a term used in the crypto industry to describe someone who has a thorough understanding of or knowledge of a specific concept.
The term “gigachad” is used to refer a person who has made a very noteworthy contribution to a specific area of the crypto industry.
When someone is referred to as a “smol brain,” it means they are common or uninterested in a knowledge that is generally accepted in the crypto space.
Since most readers prefer to remain anonymous, the term “anon” has gained popularity in the crypto space. “Are you going to buy the dip, anon?” is one example.
Adding a -oooor to someone’s name is a common way to mock them in the crypto space.
Rekt, a misspelling of “wrecked,” is used to describe someone who has lost money in the stock market.
Down bad is a slang term for someone who has lost money on a position as a way of the market moving against them.
Pump and Dump
Pump and Dump is a strategy used to influence market sentiment.
Pumping refers to hyping a cryptocurrency using false information and then selling it or dumping it when the price rises, which in turn drives the price down.
A sudden and significant price correction is referred to as a “nuke” in the cryptocurrency world. Due to the extreme volatility of cryptocurrencies, a price decline of 10% or more qualifies as a real nuke.
A disclaimer such as “NFA” (Not Financial Advice) is used to indicate that a person is not qualified to provide financial advice.
Copium and hopium
Hopium and copium are terms used to describe the irrational desire for price prices.
Bulla and bera
Bull and bear, which refer the way of the market, are simply spelled with a fancy lettering, bulla and bera.
Funds are safu.
The phrase “Funds are Safu” refers how secure funds are in any crypto project. It is also allegedly a dig at how the word safe is pronounced in Asia.
The term “rug pull” comes from the phrase “pulling the rug out,” and it refers to a technique for defrauding cryptocurrency users by secretly withdrawing money from a smart contract.
Holy Shit Bears Are F**ked (HSBAF) is a term used to describe bullish market sentiment following an increase in price. Additionally, those who were short are made fun of.
Have Fun Staying Poor, or HFSP, is a term used to make fun of people who don’t own any cryptocurrency.
Exit liquidity is a term used to refer gullible investors seeking quick and simple profits in dubious coins.