If you've ever found yourself scratching your head over crypto conversations, fear not! By familiarizing yourself with these terms, you'll be better equipped to engage in conversations, understand market dynamics, and make informed decisions in the crypto-verse.
POAP - Proof Of Appreciation and Participation
IRL - In Real Life (in person, face-to-face)
WL - Whitelist
GameFi - Game Finance is a fusion of online gaming and decentralized finance.
SocialFi - Social Finance uses blockchain technology to bridge the gap between Web2 social media networks and decentralized finance (DeFi).
ReFi - Regenerative Finance is the use of blockchain technology to restore ecosystems, empower communities, and drive lasting social impact.
DeFi - Decentralised Finance is an umbrella term for financial services on public blockchains.
DeSCI - Decentralised Science is the use of blockchain technology to reform scientific research and collaboration.
DePIN - Decentralised Physical Infrastructure (a new way to build and maintain infrastructure in the physical world. This can be anything from WiFi hotspots in wireless networks to solar-powered home batteries in energy networks).
Degen - Short for degenerate describing a person with a particularly risky investment strategy.
Ape or Ape in - Investing in something without doing your due diligence on the coin.
PoC - Proof of Coverage
PoR - Proof of Reserves
DAO - Decentralised Autonomous Organisation
Doxxed - When one's personal identifiable information is online.
IPO - Initial Public Offering
ICO - Initial Coin Offering
IEO - Initial Exchange Offering
IDO - Initial Decentralized Exchange Offering
STO - Security Token Offering
KYC - Know Your Customer
KYB - Know Your Business
AML - Anti Money Laundering
CARF - Crypto-Asset Reporting Framework
NFA - Non-Financial Advice
DCA - Dollar Cost Averaging
DeFi - Decentralized Finance
NFT - Non Fungible Tokens
OTC - Over The Counter
Hedge - Managing Risk (prevent volatility / inflation).
Arbitrage - The practice of buying a product and selling it in a different market for profit.
AMA - Ask Me Anything
CBDC - Central Bank Digital Currency
Shill - An advertisement of a coin
Spam - Unwanted, unsolicited message that can be harmless or harmful.
Shit coin - A coin with little or no value
Meme coin - A coin that originated from an internet meme or has some other humorous characteristic. Also called a Shit coin.
Bear - A Bear investor is someone who believes a market is about to drop.
Bull - A Bull investor is someone who believes a market is about to rise.
Whale - A Whale investor is someone who has a large investment.
BTD - Buy The Dip of a specific cryptocurrency when its price drops.
DYOR - Do Your Own Research
HODL - Hold On for Dear Life
FOMO - Fear Of Missing Out
FUD - Fear, Uncertainty and Doubt
LFG - Let's F***ing Go is an expression of excitement when the price of a coin increases significantly
Probably (Prolly) Nothing - An ironic way of saying this is probably important or this is important
Weak Hands - Someone who sells their crypto at a loss rather than waiting for the market to recover.
Diamond Hands - Someone who HODLs their crypto even at a loss.
CT - Crypto Twitter is a term used to describe a niche social media community of crypto investors, developers, influencers, businesses, news sources and philosophers.
WAGMI - We Are Going to Make It
NGMI - Never Going to Make It
Rugged - Used to describe unfair or illogical treatment, often referring to a method of scamming users
SAFU - Secure Asset Funds for Assets refers to safety of funds in any project
BTC - Bitcoin
PoW - Proof of Work is a consensus mechanism used in the Bitcoin Blockchain
ETH - Ethereum
PoS - Proof of Stake is soon going to be the consensus mechanism used in Ethereum
EVM - Ethereum Virtual Machine
SOL - Solana
PoH - Proof of History is a consensus mechanism used in the Solana Blockchain
Blockchain - A Digital Record of Transactions
Consensus Mechanism - Used in Blockchains to achieve finality and confirm transactions. The system helps prevent certain kinds of attacks
Moon - When a coin reaches astronomical levels
When Lambo - Nowadays, the expression is used almost exclusively in an ironic way to mock people that are focusing only on a coin's price and overly concerned with profiting from a substantial price increase to be available to afford a Lamborghini.
To the Moon - A term often used to mock other coins
Rekt - Misspelling of the word, "wrecked" referring to someone who has lost their money in the markets.
Sats - Short for Satoshis, which is 0.00000001 Bitcoin
Gwei - A small unit of Ether (ETH) that defines the cost in Ethereum transactions.
Pump / Dump - An illegal scheme that involves artificially inflating a price of an owned stock/coin through false positive statements.
In it for the Tech - Someone interested in cryptocurrencies not just for speculative purposes. Used either to mock those "in it for the tech" (recognizing that real-world utility is limited) or to talk about oneself in an ironic way.
MACD - Moving Average Convergence Divergence is the most popular indicator in Technical Analysis (TA) when it comes to trading.
IPFS - InterPlanetary File Storage
DApps - Decentralised Applications
Maxi - Maximalist is a person who believes that a coin is the only crypto with value and worth supporting.
Fren - A slang term used by crypto community members to address other members of the community. It's a playful misspelling of the word "friend."
In the trenches - Signifies active and engaged participation in the market. It delves into the "trenches" style of trading, which involves rapid-fire, high-risk, high-reward opportunities in the micro-cap and meme coin space.
GPU - Graphics Processing Unit is a specialized computer chip used primarily for rendering images and videos, but it's also effective for mining cryptocurrencies. In crypto mining, GPUs perform complex calculations needed to validate transactions and secure the blockchain, making them more efficient than traditional CPUs (Central Processing Unit) for this purpose.
Yet, a single ASIC (Application Specific Integrated Circuit) miner has the equivalent computing power of several hundred GPUs.
Happy HODLing and may your investments always be in the green!
Disclaimer: Invest what you can afford to lose.
Let me know in the comments below anymore crypto slang you've come across.
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