Top Crypto Slang, Explained

Cryptocurrency has its own language, a collection of jargon, slang, and technical terms that are used by its community. Understanding these terms is essential for anyone interested in the crypto world. Here are some of the top crypto slang terms explained:

1. Altcoin: Any cryptocurrency that is not Bitcoin. Altcoins (alternative coins) are all the other cryptocurrencies that followed after the success of Bitcoin.
2. ATH (All-Time High): This term is used when a cryptocurrency reaches its highest value point in its history.
3. Ape/Apeing: In the crypto world, ‘Apeing’ refers to the act of investing large amounts of money into a new project without doing much research.
4. Bagholder: An investor who is holding onto a cryptocurrency that has dropped in price, with the hope that it will increase again.
5. Bearish: A term borrowed from the world of finance, ‘bearish’ refers to a negative or downward market trend.
6. Bitcoin Maximalist: A person who believes that Bitcoin is the superior cryptocurrency and dismisses the value of other altcoins.
7. Bullish: Opposite of bearish, ‘bullish’ refers to a positive or upward market trend.
8. DeFi (Decentralised Finance): This term refers to the use of blockchain technology to offer traditional financial services like loans and interest, without the need for a bank or other financial institution.
9. DEX (Decentralized Exchange): A type of cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading.
10. Diamond Hands: A term used to describe investors who hold onto their investments, even in the face of a market downturn.
11. DYOR (Do Your Own Research): A reminder to investors to always research before investing in any cryptocurrency.
12. FOMO (Fear Of Missing Out): The fear of missing out on a potential investment opportunity, often leading to impulsive decisions.
13. FUD (Fear, Uncertainty, and Doubt): Negative information spread about a cryptocurrency to cause panic and drive down the price.
14. HODL (Hold On for Dear Life): A term used to encourage investors to hold onto their cryptocurrency investments, even when the price is going down.
15. ICO (Initial Coin Offering): A type of crowdfunding where new projects sell their underlying crypto tokens in exchange for bitcoin or ether.
16. Mooning: A term used when the price of a cryptocurrency is experiencing a rapid increase.
17. NGMI (Not Going to Make It): A term used to describe a bad investment or a trader who is predicted to lose a lot.
18. NFT (Non-Fungible Token): A type of digital asset that represents a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
19. Paper Hands: This term refers to investors who sell their holdings at the first sign of price drops.
20. Pump and Dump: A fraudulent practice where the price of a cryptocurrency is artificially inflated (‘pumped’) to attract investors, and then sold off (‘dumped’) causing the price to plummet.
21. REKT (Wrecked): A slang term for losing a large amount of money on a bad investment.
22. Rug pull: A type of scam where developers abandon a cryptocurrency project and run away with investors’ money.
23. Sats (Satoshis): The smallest unit of bitcoin, named after Bitcoin’s creator, Satoshi Nakamoto.
24. Shill: The act of overly promoting a cryptocurrency for personal gain.
25. WAGMI (We’re All Going to Make It): A term of solidarity among crypto traders, expressing the belief that they will all eventually profit from their investments.
26. Whale: A term for a large crypto investor who has a significant influence over the price of a cryptocurrency due to the size of their trades.

Understanding these terms will not only help you navigate the crypto world but also make informed decisions about your investments.

Remember, always do your own research before investing in any cryptocurrency.