If you are reading this article then there is a good chance you’re curious about cryptocurrency and the blockchain technology. Over the last decade, cryptocurrency enthusiasts have coined(pun intended) some terms to describe and give meaning to the tech revolution that is blockchain in the everyday trading world.
Here are some interesting cryptocurrency slangs.
Altcoins: Altcoins is the term used to refer to any cryptocurrency that is not Bitcoin or Ethereum
Blue Chip Coins: The most established and trusted coins and so far Bitcoin and Ethereum qualify as Blue Chip Coins
HODL: HODL stands for “Hold on for Dear Life” meaning that don’t sell your coins now because in the future the price of the coin will rise significantly
Pump and Dump: Pump and dump refers to the price manipulation technique where the price of a crypto is hyped up using false recommendations(pumping) before selling it at a higher price(dumping)
Mooning: When a crypto is mooning, it means it’s price is skyrocketing or it’s experiencing a spike
Shitcoin: A cryptocurrency of little to no value, or a copycat that came in late to the cryptocurrency game. A crypto being a shitcoin is subjective.
Moonboy: Someone who invested a small amount of money into a risky project or a “shitcoin” in the hopes that the price is going to moon
Whale: An individual investor or an established trading firm with large amounts of money invested into Bitcoin and other cryptocurrencies. They are feared by small scale traders because they have the ability to move the price.
FUD: Fear, Uncertainty and Doubt or FUD refers to the never-ending skepticism and concerns over the value of digital assets despite digital assets growing at 1000X pace
Memecoin: A cryptocurrency that originated from an internet meme or is created mainly for humor such as Dogecoin and Shiba Inu
As the blockchain technology and it’s applications evolve and as more people start investing in digital assets and NFTs, there will be more slangs we will get to hear. So stay tuned!