GMI (and its variations) gained prominence as a motivational phrase during bear markets when crypto prices were plummeting. In times of uncertainty, traders would use WAGMI to uplift one another and express their unwavering belief that the crypto community would eventually overcome the challenges and succeed. Reading whitepapers and staying informed about new projects can also expand your knowledge of crypto slang. In crypto slang, “trenches” refers to the earliest, riskiest stages of a project.
Bear Trap
“Mooning” means that the price of a coin or token goes up very quickly. You can also say “When moon?” or “When Lambo?” to show that you want the price to go up. They usually hold on to their assets even though their worth keeps going down. Whether it’s done on purpose or not, FUD can change the value of a coin or even a whole market. So, don’t let FUD bother you, and keep your mind on your plan and don’t let fear affect your decisions.
FOMO (Fear of Missing Out)
So BTD is slang for seizing a buying opportunity when others are panicking. WAGMI stands for “We’re All Gonna Make It,” and NGMI stands for “Not Gonna Make It.” These came from crypto meme culture and often refer to different types of cryptocurrency. If the community is feeling hopeful, they shout “WAGMI!
They’re literally “holding the bag” of a failed investment, unable or unwilling to sell at a massive loss. Apeing means buying into a cryptocurrency project immediately without doing proper research first. It’s basically the opposite of DYOR – you’re acting on pure instinct or FOMO rather than careful analysis. DYOR stands for “Do Your Own Research” and it’s probably the most important advice in all of cryptocurrency. It means don’t just buy something because an influencer or friend recommended it – actually research the project yourself. You’ll see “💎🙌” emojis everywhere in crypto social media, or text like “Diamond hands only” and “Paper hands get REKT.” It’s become a badge of honor in the crypto community.
- Becoming a bagholder is every crypto investor’s nightmare.
- Generally, normies think with a traditional mindset, and display little to no interest in the crypto world.
- PoS, on the other hand, relies on staking and, as such, selects validators in proportion to the quantity of their collateral.
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The world of crypto slang has exploded alongside the rise of digital currencies, creating a whole new language that can leave newcomers feeling completely lost. Bitcoin and Ethereum are more than coins — they’re entire cultures that shape the digital currencies landscape. And each community has its own crypto slang terms that evolve fast.
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In meme coin culture, it’s often used as an insult for traders who can’t handle volatility. True believers with “diamond hands” hold through the storm. But sometimes paper hands walk away with profits before things crash, so it depends on your strategy.
- Double-spend refers to a fundamental problem of a digital cash protocol whereby the same digital token can be spent twice.
- Since rarity determines the value of an NFT, finding something rare may indeed result in profits.
- Going to make it, Not going to make it, and We’re All Going to Make It.
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” or “GN everyone, hoping for green candles tomorrow.” These aren’t just pleasantries – they’re expressions of community membership and shared hope for profitable days ahead. Breaking ATH levels creates massive excitement because it means uncharted territory. Conversely, approaching ATL levels can signal either great buying opportunities or projects in serious trouble. ” or “When Bitcoin moons, we’re all buying lambos.” The rocket ship emoji 🚀 usually accompanies these messages because, well, rockets go to the moon. People track whale movements obsessively, so you’ll see messages like “A whale just moved 1000 BTC” or “Whale alert on Ethereum.” Whale watching has become its own form of market analysis.
An exchange is an organization that facilitates the exchange of fiat to crypto, crypto to crypto, and crypto to fiat. Cryptosis describes someone who’s obsessed with crypto and can’t stop talking about it. Copium and hopium describe an irrational desire and hope for prices to go up or down. ATH stands for “All Time High” and refers to the highest value ever recorded for a coin or token. Crypto slang didn’t appear out of thin air like a surprise airdrop—it grew with the community. Get crypto market analysis and curated news delivered right to your inbox every week.
Think of PVP as a fast-food joint (quick results, someone gets hurt) vs. PPP as a slow-cooked gourmet meal (everyone is satisfied in the end). PPP means the community tries to pump the token so all players profit together. Kyle Chasse’s article on this says PPP “aims to ensure that every participant benefits” rather than having “the last person in become the exit liquidity”. Even more technical phrases like “rug pull” or “mint” originated from how smart contracts operate. The ones who didn’t sell become “bagholders”, stuck with worthless tokens and a painful lesson in timing. Selling at a loss feels like defeat, but it’s often the smartest move.
DYOR Meaning in Text
Since rarity determines the value of an NFT, finding something rare may indeed result in profits. LooksRare, OpenSea’s competitor, recently used the meme to launch its own token. “GOAT,” or “greatest of all time,” is one of the finest compliments you can pay someone in the crypto community. GM stands for “good morning” and, unsurprisingly, is used to greet people and spread positivity. The crypto community on Twitter often starts their day with a typical GM tweet.
Well, the cryptocurrency market is fairly new as it all started with Bitcoin in 2009, and now the cryptocurrency market has evolved with thousands of cryptocurrencies available to trade. In the crypto environment, someone who is unfamiliar or uninvolved in the cryptocurrency sector is known as “normie” or “pleb”. They are not familiar with either blockchain technology or any digital currencies. Unfortunately, experienced traders sometimes take advantage of plebs.
BTD stands for “buy the dip” (BTFD is “buy the f-cking dip,” respectively😏) and is a term that encourages purchasing a coin after it has fallen in value. A block reward is a crypto rewarded to miners after successfully validating a block. It comprises transaction fees and a block subsidy (or newly generated coins). A block refers to a group of completed transactions on a blockchain.
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It is important to stay up-to-date with the latest crypto jargon, as the terms used even 2 years back in the crypto world are not popular today. Crypto slang like ”HODL”, ‘’FOMO’’, ”to the moon” and many others have become so common, that they can be termed as a new language in the crypto world. When someone says “the market is bearish,” they think coin prices will go down, which shows they are not optimistic about how the market will go.
If you’re on the lookout for a trustworthy CEX, be sure to check Binance, Kraken, or KuCoin. If crypto slang someone is buying all the available NFTs in a collection at the project’s floor price, they are sweeping the floor. This might be done by the project’s owners, with the intention of potentially increasing its overall value. It’s not just about monetary gains; the journey to the moon symbolizes the belief in decentralized technologies, financial empowerment, and a vision of a new, more inclusive economy. The term diamond hands is frequently represented by the emojis 💎🙌 – a witty combination of the Gem Stone emoji 💎 with the Raising Hands emoji 🙌.
Mining involves a vast, decentralized network of computers (miners) competing to solve complex mathematical problems and add the next block to a blockchain. The winning computer receives a block reward for creating the newly added block. Hsbaf stands for “holy shit, bears are f-cked.” Hsbaf describes a bullish market sentiment and makes fun of those who are shorting.
