Crypto Slangs: 45 Terminologies You NEED to Know 2022

In bitcoin, it generally refers to loss of funds due to trading, over-leverage, altcoin investing, or other imprudent strategy. Raids refers to doing a flash campaign on Twitter or other social media platforms. Some NFT projects like to use raids as a way to keep the community engaged in order to promote their NFTs. IMX- Immutable X is an NFT marketplace, which is the first layer 2 Ethereum for NFTs. Trading NFTs on Immutable X requires zero to very little gas fees, which is gaining popularity as fees on Ethereum based NFT platforms like OpenSea can sometimes be sky-high.

crypto slang terms

It’s arguably the easiest term, and often the most feared. “Strong hands” is a colloquial term that can refer to well-financed speculators or futures traders who wish to take delivery of the underlying asset. The prices of Bitcoin and other cryptocurrencies are notoriously volatile, but HODLers disregard even large price swings. HODL originated from a typo of “holding” as “hodling” in a 2013 online post. A token is considered to be “mooning” when its price experiences a drastic spike.

Moreover, bearish investors believe that the prices will decline soon. An expression that refers to the fact that whoever has the private key for a crypto wallet can control the wallet. Crypto enthusiasts may prefer creating and using their own wallets so they can keep the private key secret. But if you use a public exchange, like Coinbase or Gemini, the company generally holds onto the private key and stores your coins.

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Data privacy and security is a top priority for StealthEX, so all the swaps are non-custodial, and forever will be. If you are looking to buy crypto safely, you can always use the user-friendly and non-custodialStealthEXcrypto exchange platform. You can purchase crypto privately and without the need to sign up for the service.

crypto slang terms

Altcoin refers to cryptocurrencies that are an alternative to bitcoin, the first cryptocurrency. The term originated from a 2013 online post to the Bitcointalk forum, where the typo first appeared. Essentially, the goal of a hodler is to weather the various ups and downs of the market with an eye towards long-term gains. FUD — whether deliberate or not — can affect the market value of a coin, a company, or a project — and even an entire market. When markets are rising, individuals may give into feelings of FOMO; when markets are cooling, FUD can spread more easily. As the name suggests, Bitcoin Maximalists believe that Bitcoin is the only cryptocurrency of value and the only digital asset worth supporting.

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Primarily, degen refers to a person who invests large sums of money in risky and suspicious crypto projects. However, sometimes the term is used affectionately among the crypto community when referring to themselves and others. It refers to investing in coins, tokens, or other assets when their price went down and it has fallen in value. The goal, of course, is to profit when the market bounces back.

crypto slang terms

Crypto advocates often argue that traditional finance and the mainstream media try to spread FUD about crypto to complicate its adoption. The opposite is paper hands, referring to traders/investors who quickly sell their position when facing decreasing prices. Now that you already know what a whale is, it’s time to understand the meaning of BearWhale.

For instance, The Angel Investoooor is being made fun of for the group’s perceived excessive use of humble-bragging, educatory tweets, and risk diversification. -oooor memes are ubiquitous and spring up almost every other day, depending on what the sentiment in the scene is like. Instead of “when Lambo?” you may often see “wen Lambo?” or “wen moon?” on Twitter.

They can range in price up to a few hundred dollars, depending on the time of day and number of other transactions happening simultaneously. A public ledger derives its name from the age-old record-keeping system used to record information, such as agricultural commodity prices, news, and analysis. The public ledger was available for general public viewing as well as for verification. HODL is a term derived from a misspelling of ‘hold’, in the context of buying and holding Bitcoin and other cryptocurrencies long-term.

Crypto

Since crypto markets are naturally volatile, major swings in FUD are common. In pump and dump schemes, a group of crypto buyers purchases large quantities of a given cryptocurrency to manipulate the crypto market. These large purchase quantities increase the crypto’s price. The buyers then sell the crypto at this higher price to net a profit. Beware of pump and dump schemes, particularly among new crypto assets, or assets with small market capitalizations . Of course, Bitcoin enthusiasts would not let this typo pass.

  • Based on these principles, the best time to HODL is now, always, and forever.
  • There’s a good video out there on how to deal with this nasty feeling and thus keep your funds safe.
  • They may hold their position even when an asset’s value crashes to essentially zero, usually out of hope that its price will eventually bounce back .
  • HODL ($HODL) is a cryptocurrency that was named based on the popularity of “HODL” as an expression in the crypto community.

For cryptocurrency maximalists, HODL represents more than a strategy for reigning in FOMO , FUD , and other profit-eroding emotions. Long-term crypto HODLers stay invested because they believe that cryptocurrencies will eventually replace government-issued fiat currencies as the basis of all economic structures. Should that occur, then the exchange rates between cryptocurrencies and fiat money would become irrelevant to crypto holders. When somebody overtly endorses a coin online, he or she engages in shilling.

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.

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A possible future event where Ethereum’s market capitalization overtakes Bitcoin’s. It’s important to note that this has not happened before. People that believe Bitcoin is the only cryptocurrency that is needed and that all other cryptos are inferior.

MultiSig wallets are often seen as more secure than single-signature wallets, as they require multiple people to agree to a transaction. This term is often used as a way of saying that you believe the price will increase in the future. It’s important to remember that you should only invest what you pepperstone can afford to lose, as the market is very volatile. DeFi has become very popular in recent years, as it allows users to access financial services without the need for a bank or other centralised institution. This term is often used as a way of saying that the price will continue to increase.

At the same time, it is pretty hard to grasp for an outsider. It’s an individual so wealthy that he can unilaterally alter the direction of the market. Provide the recipient address to transfer your crypto to. To be orange-pilled is to open one’s eyes to Bitcoin for the very first time.

In other words, they will buy bitcoin, so its value decreases. Many bitcoin holders may scoff at you for not relishing its potential. While it may be used for everyone who does not have a bitcoin, this term fp markets review mainly targets skeptics and nonbelievers. In the cryptocurrency world, though, this term is also used to refer to the feeling you get when you see a massive increase in a cryptocurrency that you don’t own.

FOMO is a term used to describe the feeling of anxiety that you get when you think you’re missing out on something. FUD is often spread by people who are trying to manipulate the market, so it’s important to be careful when considering buying or selling a coin. Maximalists often have a lot of faith in the future of their chosen cryptocurrency and believe that it will become the dominant coin in its field. They believe every other coin other than their chosen one will eventually die out. “Maximalists” is a term used to describe people who are very bullish on a particular cryptocurrency.

Most cryptocurrencies are relatively volatile and at some point in time to make any money at all, one has to have diamond hands and hold on despite the risks. It is usually not recommended to FOMO in How to Make Your First App in Java as that’s how large amounts of money can be lost. A “nocoiner” is someone that doesn’t hold any cryptocurrencies, and in the general sense could basically mean someone that doesn’t hold any bitcoin.

Calling a coin a shitcoin is another way of saying it’s worthless. The term is used quite liberally, so depending on who you ask, even some of the most valuable coins may be shitcoins to them. Usually, though, shitcoins refer to cryptocurrencies without any obvious use case. The asset was created through memes and promoted using the support of other meme assets. Fudders are bitcoin traders who believe bitcoin prices will fall.

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