21 Sep A Guide to Popular Crypto Slang Terms, Part 2: from M to Z by StealthEX io Coinmonks Jan, 2023

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• It includes protocols and platforms that allow users to borrow, lend and trade cryptocurrencies in a decentralised way.
• This term originated from “Flibbr,” a Bitcoin trader who used the phrase to mock President Donald Trump.
• It can also be used as a label to ridicule people who have taken a stance against crypto or who fail to understand basic crypto concepts.
• POW algorithms require miners to solve complex mathematical problems to add new blocks to the chain.
• The idea is that the price will eventually bounce back and more than likely increase in value.

For example, if you own 1,000 Bitcoin and the price of Bitcoin crashes, you will be a bag holder. The term has since been adopted by the community and is often used as a way of saying “don’t sell your coins, even when the market is crashing”. “HODL” is a term that is used to describe holding onto a cryptocurrency, even when the market is crashing. The term originated from a misspelling of the word “hold” in a Bitcoin forum post from 2013. The current state of the cryptocurrency market can be determined by looking at the overall trend of prices. “Altcoins” are simply alternative cryptocurrencies to Bitcoin.

Bearish is a traditional stock market term that’s also used in the crypto market. Put simply, a bear market refers to a market in which the prices are going down, which usually makes a lot of people want to sell. Moreover, bearish investors believe that the prices will decline soon. Some might say it’s an ethically dicey tactic, but it’s far from uncommon in the crypto community. Since crypto markets are naturally volatile, major swings in FUD are common.

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. Soon enough, bitcoin rose from $20K to $27K within a few days. This fact is why many cryptocurrency slang terms are linked to gaming.

Private Key

The process of moving control of a system from one centralized location to many equal ones that can act on a peer-to-peer basis. Looking to trade NFTs or trying to figure out where to list your collection? In translation, it means when will crypto make you web traderoom rich enough to buy a Lamborghini, which became the ultimate status symbol of the crypto community. WAGBO stands for “we are gonna be okay” and it’s similar to WAGMI – its primary use is to encourage people and ensure that everything is going to be okay.

When Satoshi Nakamoto first started bitcoin, he, she or they probably didn’t expect a whole internet culture to form around it. The thing is, this slang can almost come off like a foreign language to newer bitcoiners. If that sounds like you, use the below guide as a glossary. It is usually not recommended to FOMO in as that’s how large amounts of money can be lost. You heard this bitcoin slang here first on investmentfirms.com. They may not even be against “The Flippening,” but it’s possible.

This strategy often goes hand in hand with HODL since crypto prices can experience extensive corrections. These schemes are often orchestrated through apps like Slack or Telegram, he adds, and advises curious chatroom readers to beware of such gimmicks. An investigation into “pump and dump” schemes by Business Insider found the practice to be an “open secret among many cryptocurrency traders.” Digital currency bitcoin has seen a tumultuous ride in recent weeks, as the price fell to trade below $6,000 per coin in June, down from a high of over $19,000 last year. And, everyone from Warren Buffett to athletes and celebrities have weighed in on the future of cryptocurrencies. This term is used to describe a condition that develops in people who own bitcoin.

An ape is a person who purchases an NFT or a token right after its release without researching it first. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. 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.

This term is typically used during a bull run when there is big potential for a coin to reach a new ATH , or there is a sudden surge in hype. To shill something generally means to promote it, or to represent the projects roadmap, or at a very low level make a case to persuade others to buy in. Some reputable and successful crypto outfits with strong communities run “Shill hours” or set a specific time and goal for community members to aim for. This is a misspelled term in the same sense as “HODL.” However unlike HODL is it not an acronym – rather a call to arms to contribute to the cryptocurrency space by actually building things.

FOMO

It’s usually derived as buying high and watching the price of the crypto decline. A “bag” is a term that is used to describe a large amount of a particular cryptocurrency that someone owns. For example, if you own 1,000 Bitcoin, you might say that you have a “bag” of Bitcoin. Whales can have a significant impact on the market, as they can buy or sell large amounts of a coin, which can cause prices to rise or fall drastically. This term is also often used in a tongue-in-cheek way to point out how complicated and convoluted the cryptocurrency space can be. This acronym is used by investors who are bearish on a particular coin or project.

The only difference is that the project owner releasing the NFA makes a promise to deliver the token or other digital assets on a future launch date. And as each airdrop winner ends up receiving different rewards under this model, there’s a one-of-a-kind gift that’s non-fungible. The opposite is paper hands, referring to traders/investors who quickly sell their position when facing decreasing prices. Then, that person is left with “a coin they don’t want at a price they can’t sell it .” “A whale is someone who owns a lot of cryptocurrency,” Saddington says.

Ivan Cryptoslav

Shilling is generally considered to be unethical, as it can mislead investors and distort the market. Once the price increases high enough, these influencers will then sell off their holdings and leave you dry and hanging. A “shill” is someone who promotes a coin or project without disclosing their financial interest in it. Investing strategy in which an investor accumulates satoshis, fractions of a Bitcoin, to increase a Bitcoin position. An alternative to the proof-of-work system, in which your existing stake in a cryptocurrency is used to calculate the amount of that currency that you can mine.

WAGMI, on the other hand, stands for ‘we’re all gonna make it.’ The acronym is widely used by the crypto community to inspire both positivity and confidence in a project. It is also used to encourage the community to support each other and not to lose hope. Mixed reality, or MR, is a technology that, like AR, blends virtual and physical components. Unlike AR, however, MR allows the user to interact with virtual elements in more or less the same way that they would in the real world.

A DEX is a type of cryptocurrency exchange that allows users to trade cryptocurrencies in a decentralised way. A “rug pull” is a term used to describe when a team behind a cryptocurrency project abandons the project and sells all of their coins, causing the price to crash. Cryptocurrency enthusiasts are building new, alternative financial assets and systems. At the same time, they’re creating new words, acronyms and phrases for their community. If you’re interested in investing in crypto or want to learn more about the space, breaking down these language barriers can be a good place to start. Jeremy Cogan We’ve seen the rapid popularity increase of blockchains and cryptocurrencies.

Moon or Mooning

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. In the cryptocurrency space, FUD relates to negative news about cryptocurrencies like government regulation, opponents speaking out about crypto, or falling prices . Crypto advocates often argue that traditional finance and the mainstream media try to spread FUD about crypto to complicate its adoption.

Bag holder

For example, if the price of Bitcoin starts to increase rapidly, you might say that “it’s going to the moon”. This is perhaps the most important crypto slang term, as it encapsulates the entire ethos of the crypto community. FUD stands for “fear, uncertainty axitrader forex broker review and doubt.” FUD relies on emotion, not reason, to make a sale — or prevent one. FUD is a psychological method of inspiring negative sentiment about a particular asset to prevent further buying or to spur massive selling or short-selling.

Paper-handed decisions might be smart in the short run, but in the long run, they can sap your coins’ growth potential. Not really, but it isn’t a real thing either – at least not yet. In the Bitocoin world, it refers to a point in time when Bitcoin becomes the ultimate source of value n terms of a currency, at the Global scale. It’s the end of the road for when cryptocurrency becomes the currency of the Earth.

Paper Hands 🧻🤲

FUD stands for “fear, uncertainty and doubt” and it something that is “spread” by people that are trying to instill doubt in the minds of investors of a particular coin or stock. A no-coiner is a person https://traderoom.info/ who’s against cryptocurrency and believes it’s going to fail. They don’t own any cryptocurrencies, often express negative opinions about the market, and tend to hold more traditional financial views.

ATH – All Time High

The process of adding transactions to blocks and securing the blockchain. Miners are specialized hardware that race to solve equations and add the next block to the chain. The computer that wins receives the block reward for creating the newly added block. The fee required to complete a transaction or execute a smart contract on the Ethereum Blockchain. A website or organization that allows and facilitates the transfer of fiat to cryptocurrency as well as the reverse.

The higher your stake, the more likely you are to be selected as a validator and receive a block reward. The process that a decentralized network goes through when agreeing upon the validity of transactions and when deciding which transactions should be included in a block. People that believe Bitcoin is the only cryptocurrency that is needed and that all other cryptos are inferior. The cryptocurrency reward given to the miner or mining pool which first proposes a new block once it is added to the chain. A trader who missed the opportunity to sell and is left holding onto coins with little to no value.

Named after Bitcoin’s anonymous creator that used the pseudonym Satoshi Nakamoto. A system that ties mining capability to computational power. Blocks must be hashed, which is in itself an easy computational process, but an additional variable is added to the hashing process to make it more difficult. When a block is successfully hashed, the process must have taken some time and computational effort.

A trader who holds a lot of crypto and thinks that the market is going to fall. A trader that has a negative sentiment about the market and expects it to decline. SAFU is actually Binance’s initiative that protects people’s funds and is short for Secure Asset Fund for Users. In 2018, Binance’s CEO tweeted “funds are safe” and the YouTuber Bizonnaci made a funny video based on it, but changing it to “funds are safu”, and it stuck. 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 refers to when the floor price of an NFT project is rising fast because it’s being bought quickly.