As cryptocurrencies continue to gain popularity and the crypto market experiences periods of growth, it’s important to understand the language used by those involved in the industry. Cryptocurrency slang has evolved over the years, and while it may seem overwhelming at first, learning some of the most commonly used terms can help you navigate the market more effectively. In this article, we’ll explore the top 15 crypto slangs you need to know.
- HODL: This term is perhaps the most famous crypto slang term and actually stands for “hold on for dear life.” It refers to the strategy of holding onto your cryptocurrencies long term, rather than selling them during market volatility. “HODLers” are investors holding their assets in volatility.
- Moon: This term is popularly used to describe a cryptocurrency’s price rapidly increasing and reaching new all-time highs. It’s often used as a goal for investors, hoping their investments will “moon” in value.
- FOMO: Fear of missing out. This simply refers to the feeling of anxiety that arises when people see others making money in the crypto market and feel like they are missing out on potential profits.
- FUD: Fear, uncertainty, and doubt. This is a term used to describe negative news or rumors that can cause panic selling and market downturns for a particular project or the general market.
- Whale: This term refers to investors who hold significant amounts of a particular cryptocurrency and have the ability to influence the market with their buying or selling activity.
- Bagholder: This term refers to investors who are holding onto cryptocurrencies that have lost value and are now considered “worthless.” They are said to be “holding the bag” and are often advised to cut their losses and sell.
- Shill: This is a common term that’s used to refer to someone who promotes a particular cryptocurrency or project, often for personal gain.
- Pump and dump: This simply means a coordinated effort by a group of investors to artificially inflate the price of a cryptocurrency and then sell it at a profit, leaving other investors “holding the bag”.
- Rekt: This refers to someone who has experienced significant losses in the crypto market. An example is LUNA investors last year losing over 99% of their investments.
- ATH: All-time high. This term is used to describe the highest price or landmark a particular cryptocurrency has ever reached.
- Bear market: This is simply used to describe a period of declining prices and market downturns.
- Bull market: This term describes a period of rising prices and market upswings.
- Altcoin: This is just any other cryptocurrency other than Bitcoin. Altcoins include Ethereum, Litecoin, Ripple, and many others.
- Shitcoin: This term is used to describe a cryptocurrency that is considered to have little or no value, potential for growth or any known utility.
- Lambo: This term refers to the idea that investing in cryptocurrencies can lead to significant profits and allow investors to purchase luxury items like Lamborghinis.
Finally, understanding crypto slang is crucial for anyone looking to invest in cryptocurrencies. While some of the terms may seem humorous or confusing at first, they can provide important insights into market sentiment and help you make informed investment decisions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
Photo by Galina Nelyubova on Unsplash
