So if one dollar equals 100 cents, one bitcoin equals 100 million sats. Hsbaf stands for “holy shit, bears are f-cked.” Hsbaf describes a bullish market sentiment and makes fun of those who are shorting. Hfsp or “have fun staying poor,” is an acronym used to make fun of people who have not yet invested in crypto. It frequently accompanies (or is interchangeable with) NGMI, despite some saying it’s not the best way to encourage people to join crypto.
Crash Course to Crypto Slang: Top 10 Essential Terms and More
They’re also often used as a “bridge currency” to support direct trades between two volatile or illiquid assets. Bitcoin, Ethereum, and USD Coin could be reliable long-term investments. The Shiba community, known as the ShibArmy, continues to expand globally, ensuring liquidity and Crypto slang consistent interest in the token. Shiba Inu also employs aggressive token burn strategies, aiming to reduce supply and strengthen long-term valuation.
Diamond Hands/Paper Hands
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. ’ It’s used ironically to mock people who are focusing only on a coin’s price. A person with a traditional mindset and little or no knowledge of cryptocurrencies. 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.
Advanced Crypto Jargon
- The term diamond hands is frequently represented by the emojis 💎🙌 – a witty combination of the Gem Stone emoji 💎 with the Raising Hands emoji 🙌.
- It’s often used to describe attempts to manipulate prices or discourage investment.
- Its rise was fast, its volatility brutal, but through the chaos, Pepe solidified itself as a cultural symbol.
- Once something is on the blockchain, it can’t be changed or deleted.
Originally a misspelling of “hold,” HODL refers to holding onto your crypto assets regardless of market volatility. It’s a rallying cry for long-term investors who believe in the future of decentralized technologies. It’s a slightly derogatory term for someone who panic-sells too soon. If a token pumps 5× and someone sells at 2× profit, others might call them a “jeet.” The idea is that they exited early and missed the rest of the move.
Blockchain
A rug pull is when developers drain liquidity or vanish with investor funds. Always check if the dev wallet is doxxed, liquidity is locked, or the token contract is verified. A dusting attack happens when scammers send tiny amounts of crypto (called “dust”) to thousands of wallets. It may seem harmless, but it’s often used to track wallets and link them to identities.
Pump-and-dump schemes refer to a scam involving the artificial inflation or deflation of crypto prices. When others jump on board, the original group will dump an asset to turn a profit quickly, leaving the rest to deal with the resulting losses. Mining describes a process of generating and releasing new coins and verifying transactions. Mining involves a vast, decentralized network of computers (miners) competing to solve complex mathematical problems and add the next block to a blockchain.
That’s why Hodl offers long-term investments, even when prices are volatile. This event can be used by investors attempting to determine the best time to sell their cryptocurrency in order to get the best possible price for it. If you want to play in a crypto casino and follow the coin’s rise and fall, you should also know the following crypto slang terms. WAGMI, IFYKY, and rekt are just some of the terms that every crypto user, be that in crypto casinos or trading, has encountered at least once. Many casino players have stood at the same threshold, which is why we created this simple crypto dictionary.
Unlike the traditional finance markets, where the average age of a trader is mid-40s, in the crypto world, teens and especially late 20s and 30s is the average age. DeFi features include stablecoins for banking services, decentralised exchanges, derivatives, prediction markets, and systems for loans and borrowing. In the last one, you can either work with other people or in a pool. In the traditional finance industry, it’s a mix of copying goods and services, and blockchain technology make it possible for completely new ones.
So, simply put, the definition of “hodl” is that its meaning is the same as “hold”, just with that extra Bitcoin slang flavor. Both hopium and copium can be thought of as metaphorical substances to deal with something difficult. Hopium as a slang term is slightly derogatory and describes indulging in false hopes and wishful thinking.
Understanding these slang terms isn’t just to fit in; it’s about making informed choices. FUD, or “Fear, Uncertainty, and Doubt,” refers to those negative bits of information aimed at shaking investor confidence. Sometimes it’s legit, but often it’s just noise meant to mess with market prices.
- We’ll break down each term clearly and show real definitions from trusted sources.
- You can also say “When moon?” or “When Lambo?” to show that you want the price to go up.
- Flippening refers to a hypothetical situation where Ethereum overtakes Bitcoin regarding market capitalization.
- It comes from “pajeet”, a fringe term at best and an ethnic slur at worst for Indians or people with South Asian ancestry.
- You do not need to buy anything — just holding a wallet or being part of a specific community can qualify you.
“SAFU” is typically used by businesses to promise investors that their money will be secure. Depending on the situation, “SAFU” may also refer to a financial fund established by Binance. Vitalik Buterin, the creator of Ethereum, popularised the phrase “Bitcoin Maximalism” initially as a criticism of the Bitcoin concept.
People who feel this way usually have faith in the market’s ability to go up and see good investment chances. If the whole crypto market is positive, it means that it is going up. They are now stuck with coins that are losing value holding a bag full of coins, but instead of valuable assets, the bag would be full of worthless or falling currencies. As a result of their worry, people may act in a rush and rely on their investing decisions more on emotion than on logic. FOMO has the potential to significantly affect coin values and generate market volatility.
Double-spend refers to a fundamental problem of a digital cash protocol whereby the same digital token can be spent twice. Thankfully, decentralized consensus and mining prevent double-spending. DCA stands for Dollar Cost Averaging and describes a trading strategy whereby you invest equal amounts of money at regular intervals regardless of the price. DAO stands for a decentralized autonomous organization, an emerging legal structure that uses blockchain technology to automate decision-making and management.
