All You Need to Know About Crypto Slang Terminologies

By Justino | An Angle of Truth | 5 Feb 2024

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 cryptoverse.

POAP - Proof Of Appreciation and Participation

IRL - In Real Life

WL - Whitelist

GameFi - Game Finance

SocialFi - Social Finance

ReFi - Regenerative Finance

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).

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

AML - Anti Money Laundering

NFA - Non-Financial Advice

DCA - Dollar Cost Averaging

DeFi - Decentralized Finance

NFT - Non Fungible Tokens

OTC - Over The Counter

Hedging - 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

Shitcoin - A coin with little or no value

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.

Buy The Dip - Buying 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 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.

Ape or Ape in - Investing in something without doing your due diligence on the coin.

Degen - Short for degenerate describing a person with a particularly risky investment strategy

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 - 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 of gas in Ethereum transactions.

Pump/Dump - is 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 - Decentralized Applications

SAFU - Secure Asset Funds for Assets

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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