Slangs Used in Crypto Space

blockchain.news:

There is a plethora of crypto slang in the industry, and it can be helpful to know about them as it can quickly explain the different terms used in the industry.

Below are some of the slang commonly used:

1. HODL

HODL stands for hold on for dear life and expresses the intention to not sell under any circumstances, no matter how bad the volatility gets.

2. Diamond Hands

Diamond Hands means that someone will continue HODL-ing an asset, even if the value of their portfolio drops by 20% or more.

3. Paper Hands

Paper Hands refers to traders/investors who quickly sell their position when facing decreasing prices.

4. FOMO

FOMO, or Fear Of Missing Out, is a psychological concept that defines investors' mentality as the fear of not profiting from upwards price movement. 

5. FUD

FUD — fear, uncertainty, and doubt — is spreading uncertainty and misinformation about cryptocurrencies to drive them out of business or reduce their price.

6. Shitcoin

Shitcoin is a way of saying that a certain cryptocurrency is useless. It can be a subjective term as some of the most valuable coins may be shitcoins to some people.

7. Apeing 

Apeing means investing in something without doing your due diligence on the coin, which is often due to FOMO. 

8. BTFD

BTFD — Buy The F***ing Dip — is a strategy for buying crypto when prices are down in the expectation that prices will eventually rise.

9. Degen

Degen or degenerate is a person with a notably risky investment strategy like buying shitcoins, trading with higher leverage, investing in highly risky projects, or a mixture of all.

10. GM 

GM is literally just good morning: a playful way of spreading good vibes. It has turned out to be an omnipresent meme in the web3 space.

11. NGMI 

NGMI — Never/Not Going