Crypto Investor Slang 101Jan 18, 2023
GM hodlers! Hope you're ignoring shills and FUD out there, busy with BTD and waiting for your 100x because surely WAGMI. If you lost us here, you've come to the right place to explore the vast world of Web3 slang! Let's decode essential crypto lingo you may stumble across on crypto Reddit and Twitter.
Who is Who in Crypto Space?
No-coiner someone heavily dodging crypto investment being highly critical of it and believing cryptocurrencies are guaranteed to fail
Fish someone possessing a small amount of cryptocurrency, anything less than 1 BTC
Dolphin investor having a moderate amount of cryptocurrency in their portfolio
Whale someone holding a large bag, mainly firms and investment businesses, that actually has the power to single-handedly manipulate the price: if the whale dumps the holdings the currency price will crash
OG (Original Gangster) a crypto investor involved in the asset from the very early days before it even became a trend
Moonbois/Moongirls people overly enthusiastic about some crypto project
Bagholder an investor buying the asset at an elevated price and holding on to it despite the continuous decrease in value with the hopes it will eventually bounce back
Diamond Hands a crypto buyer with diamond hands is long-term market participant, someone who is bullish and HODLs regardless the market condition
Paper Hands opposite of diamond hands, investors with a low-risk tolerance who tend to panic sell at the first sign of trouble to prevent losses
Degen used to describe someone hopelessly devoted to a project or just crypto in general and hodling hard no matter what. Can be both endearing (addressed to fellow crypto believers) and derogatory (what no-coiners would call crypto enthusiasts).
Crypto Bro Vocab
GM used to generate engagement in Discord or Twitter crypto communities, start the day with promoting positivity in the space, and encourage fellow-degens whose portfolio is also in red… or just short for ‘good morning'
Fiat any government-issued money, local real-world currency like US dollars and Euro, often opposed to cryptocurrencies for being centrailized
HODL initially misspelling of the word hold but also abbreviation from “hold on to your dear life”, meaning holding on to assets for as long as you can regardless the price. The goal of Hodlers is to ignore short-term market movements on confidence in the long-term value.
DYOR ‘do your own research' is something that any influencer says, without actually specifying how to. Visit our article to find out basics to pay attention to start with crypto trading
Bullish believing the market or specific coin will eventually perform well
Bearish feeling highly skeptical the market or a particular asset will recover
NFA stands for ‘not a financial advice' – encouraging to do your own research before making an investment decision and not listen to Twitter guys forcing their opinions on people
Dead Cat Bounce temporary recovery of a price after a prolonged decrease
Apeing buying a cryptocurrency or NFT without doing any prior research
BTD (or BTFD) to buy the dip, i.e. buy an asset at the lowest price to grab more while the price is ‘discounted'
MOAR crypto internet's version of ‘more'
FUD fear, uncertainty & doubt, generally spreading misinformation or exaggerated viewpoint through news media and Twitter to influence people to have a negative perception of a product, usually to manipulate prices That's why it's very important to DYOR and always verify the information!
Gem a low market-capped coin or token with great utility but poor marketing and few people knowing its real potential, often pump in due time; often used by shillers to persuade into buying shady coins
Shill to hop in random crypto communities to hype up the project trying to deliberately get people to buy in and basically annoy everyone with enthusiasm (either naively believing in its potential or artificially promoting it to pump the price and then dump)
Pump and Dump a rug pull scheme, where a group of people, usually project founders, shill to inflate the price of crypto to then sell all and run away with money, while other bagholders lose it all
YOLO you only live once in crypto means you go all in, pawn your car and the house to create lose-or-win situation
FOMO (Fear Of Missing Out) power making you buy ASAP because everyone is buying = act impulsively and make emotional decisions rather than based on logic and analysis, something that causes major volatility in the crypto market
To the Moon a situation, when the altcoin price pumps so hard and goes parabolic that it could figuratively reach the moon; another phrase often used by shillers to manipulate the market sentiments
REKT short for wrecked, you do not want to be rekt, aka lose a substantial amount of money on your investment
WAGMI ‘we all gonna make it,' used to encourage community support and spread positivity and confidence about the project and the whole crypto thing
NGMI ‘not gonna make it,' opposite of WAGMI, soft way to predict future failure, often used to address investors having made a bad investment decision
Probably Nothing a caption added to a link or a piece of news, which actually means the opposite — ‘that one is definitely worth checking out!'
With this, you're all ready to start navigating your way in the crypto space. Subscribe to Arctic Wallet Twitter to get MOAR of crypto slang breakdowns!