If you’re new to the world of cryptocurrency, certain crypto slang and acronyms might make understanding a few things quite difficult for you. Terms like HODL, FUD, FOMO may throw you off a little bit if you’re a beginner investor. The ability to communicate in slang is a must-have in any crypto group. But fear not, we have you covered! Think of this article as a user-friendly glossary of crypto slang!
Popular Crypto Slangs
Given below are the most popular crypto slang terms:
- Diamond Hands
- Weak Hands
- Pump and Dump
- Bag Holder
- Margin Trading
- Limit Order
- Fill or Kill
- SELL | BUY WALL
- Circulating Supply
- Market Cap
- To the Moon
- When Lambo
- No coiner
Let’s understand each of them one by one:
This popular slogan, as seen on Reddit and Twitter posts, loosely translates to “bullish courage.” In simple words, it means holding on to a position even if the prices are falling.
FOMO means Fear Of Missing Out. For example, you knew Bitcoin price would go up from $10000 to $20000 but didn’t take a trade because of lack of confidence or fear. Hence, this regret of not taking a trade is called FOMO.
FUD stands for Fear, Uncertainty, and Doubt. It’s a trick to influence the public with fake and negative news regarding the crypto market.
Halving is the Bitcoin event where the rewards are cut in half for every Bitcoin mined. This happens every 4 years or every 2,10,000 blocks of transactions. Each halving, as the name implies, lowers the amount received by Bitcoin miners for every block generated. The technique aims to keep Bitcoin scarcity alive.
In 2013, a Bitcoin trader misspelled “hold” on an internet forum and this gave birth to HODL. During market downturns, it has become a slogan for cryptocurrency fans, aimed at easing nervous traders by telling them not to worry about the short-term outcome, but instead focus on the long-term results. This is particularly true for Bitcoin.
This crypto slang refers to cryptocurrency newcomers who, rather than holding, panic-sell their coins in response to market turbulence or unfavourable news. This is normally true with holding altcoins. Altcoins are subject to more variations, and hence, investors with less experience sell all coins in fear of market downfall.
Whales are investors whose holdings are so vast that their every move creates huge shifts in the market. It’s another word for market manipulation.
ATH is the abbreviation for “All-Time High.” It refers to the highest historical price of a given coin.
Pump and Dump
The repetitive cycle of an altcoin experiencing a price surge followed by a massive fall. Simply put, it means driving up the price of a cryptocurrency and then selling it when a large number of people are involved.
A shill refers to a person who enthusiastically promotes a crypto project for his/her own personal benefit.
A bag holder is a trader who purchased a coin at a high price and then missed his moment to sell, leaving him with worthless coins.
Margin trading is the practice of trading a financial asset with borrowed funds from a broker. This enables smaller traders to take large market positions. However, precautions must be taken in the event of market reversal(the point where the market changes its direction from bullish to bearish or vice-versa).
Loosely translates to being bullish on crypto. Taking a long position on a cryptocurrency implies that you believe its value will grow in the future and are waiting to sell it when that happens.
Similarly, short means to be bearish on crypto. Shorting a coin means hoping that its value will decline in the future.
A Limit Order is a type of order that allows you to set your own price to buy or sell crypto. If the market price reaches your order price then the trade will be executed or else your order will remain pending.
Fill or Kill
A limit order that will not execute until an opposing order exceeds the amount of the limit order.
SELL | BUY Wall
A wall, as shown on an exchange’s depth chart, is a collection of limit orders with the same price target. Buy Wall means placing large buy orders at a certain price level to push the market in the upward direction. Similarly, Sell Wall refers to placing large sell orders at certain price levels to push the market downwards.
An altcoin is short for “alternative coins.” They are alternatives to Bitcoin. For example, Cardano, Solana, etc.
The market capitalization of stock refers to the total value of the company’s outstanding shares. Similarly, a market cap in the cryptocurrency market means a coin’s dominance over the whole cryptocurrency market.
Short for “Initial Coin Offering,” which borrows a page from the traditional IPOs that investors are familiar with. It’s an event in which a company attempts to raise capital by issuing a new cryptocurrency. It’s similar to an IPO but here companies issue cryptocurrencies.
It is the act of purchasing and selling on various exchanges to profit from minute price changes between the exchanges. For example, if the price of Bitcoin is $10,000 in “Exchange A” and $10,500 in “Exchange B,” then the arbitrage process would mean to buy at $10,000 (in exchange A) and sell at $10,500 (in exchange B).
BTD is a crypto slang that means to “Buy The Dip”. It is said when people sell out of panic.
Moon/ To the Moon
“Moon” refers to a coin’s extreme bullish movement(upward movement). For example, the price of Solana jumping from $50 to $150 within a few hours. This situation is referred to as “To the Moon.”
Crypto land refers to the cryptocurrency ecosystem, which includes all blockchain technologies.
DYOR (Do Your Own Research)
This crypto slang implies that you must conduct your own study. In other words, don’t trust anyone but do thorough research before making investment decisions.
The term “rekt” refers to selling crypto either too soon or too late. To put it another way, to experience losses without coping with emotions.
Gas refers to the Ethereum network’s transaction costs.
A Shitcoin is a cryptocurrency with no usefulness or distinguishing trait. The phrase is also used to describe coins that have no purpose other than to be a method of exchange. For example, Dogecoin.
This is an abbreviation for “Satoshi,” the pseudonym used by the inventor of Bitcoin. It is the smallest unit of bitcoin that is kept on the blockchain. Sats is a reference to the one hundred millionths of a bitcoin (0.00000001 BTC).
Mainnet is a blockchain that executes real-world bitcoin transactions, transferring funds from senders to receivers.
AirDrop is a free token distribution service. The process of free distribution is done during the launch of a coin.
When Lambo loosely translates to “When are we going to get wealthy?” This means that to buy a Lamborghini you need to be a millionaire. So, it refers to when you’ll get wealthy with crypto to buy a Lamborghini.
Flippening is when Ethereum surpasses Bitcoin as the most valuable cryptocurrency.
A no-coiner is someone who does not possess any Bitcoin. No-coiners are essentially skeptics who feel Bitcoin is fraud and lose out on the opportunity to invest at a cheap cost.
Something (more likely software) that everyone talks about but never sees the light of day. The term “vaporware” refers to software that has been advertised but never completed. It refers to currencies that never become a reality in the crypto realm.
A drive to consume all cryptocurrency-related knowledge. If you find yourself spending all day researching and purchasing cryptocurrency, you may be suffering from cryptosis. Don’t worry, though, since this “illness” isn’t life-threatening!
These crypto slangs are just the tip of the iceberg. More words/slang will be introduced as technology advances, and you’ll just need a larger bucket to hold all of these words. Until then, master this slang and start using them in your daily conversations.
P.S: KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Table of content
Subscribe to Our Newsletter with exclusive content.